Platinum Reward Programs Offered By Canadian Credit Cards

• Introduction to Credit Cards
• Credit Card Interest Rates Charges
• Credit Card Positive Benefits
• Credit Card Negative Results
• Credit Cards In Canada
• How to Select a Credit Card
• How to Select a Gold Credit Card
• How to Select a Platinum Credit Card

Platinum Credit Card Rewards to Customers

The Platinum credit card industry has become very competitive and creative with the benefits they offer their customers to entice them into selecting their Platinum credit cards. Some of the benefits offered by Platinum credit card companies in Canada range from Travel Insurance, Road Side Assistance, Medical Insurance, Car Rentals, Flights, Flight Delay, Baggage Protection, Extended Warranty Insurance, Movie Tickets and much more. For a complete list of benefits your Platinum credit card company offers you, it is best to check with them directly.

Many platinum credit card issuers, provide membership platinum rewards by giving the card holder points, airmiles or a monetary amount. This last benefit, a monetary amount, is usually known as cash back where a platinum card issuer operates a cashback program. In a cash back program platinum credit card holders typically receive between 0.5% and 2% of their net expenditure (purchases minus refunds) as an annual rebate. These rebates are either credited to the platinum credit card account or paid to the platinum card holder separately, for example by cheque.

Rewards based platinum credit card products like cash back are more beneficial to consumers who pay their platinum credit card statement off every month. Rewards based products generally have higher APRs. If you don't pay your balance in full every month the extra interest you would be paying will eclipse any platinum rewards you earned.

Do not enter into the platinum credit card rewards program lightly. The glamour of the platinum reward program often lures those people who carry a balance on their credit cards each month which is not beneficial and does not pay off at the end of the year due to the higher interest rates

Canadian Platinum Credit Card Selection Sheet

The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.

| Platinum Credit Cards | Platinum Credit Card Reward Program | Platinum Credit Card Travel Insurance and Benefits |

Reward Programs Offered by Low-Rate Platinum Credit Cards In Canada

Issuer / Name of Card	Reward Program1
	Travel	CashBack	Grocery	Merchandise	Vehicle	Donation	Health Product	Financial product	Details
Alterna Bank Platinum Plus MasterCard
Alterna Bank WorldPoints Low Fee MasterCard									Points toward travel, merchandise and gift certificates
Alterna Savings Platinum Plus MasterCard
Capital One Bank Platinum MasterCard with 9.99% Interest Rate									Guaranteed rate of 9.99% for three 3. After 3 years, the annual interest rate will become a variable rate of Prime +6.99%. Option to add rewards (1% cash back or miles)for $99 annual fee.
Capital One Bank Smartline Platinum MasterCard with a 5.99% Interest Rate									Guaranteed rate of 5.99% for 3 years. After 3 years, the annual interest rate becomes a variable rate of Prime +2.99%. Option to add rewards (1% cash back or miles) for $99 annual fee.
Coast Capital Savings Coast VISA Desjardins Platinum									1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.
Desjardins VISA Desjardins Platinum									1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.
National Bank Low Rate Platinum MasterCard									Points towards travel, merchandise or gift certificates at selected merchants
Westminster Savings Credit Union VISA Desjardins Platinum									1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.

Canadian Regular-Rate Platinum Credit Cards

Issuer / Name of Card	Reward Program1
	Travel	CashBack	Grocery	Merchandise	Vehicle	Donation	Health Product	Financial product	Details
Alterna Bank TravelRewards MasterCard									Points toward travel
Alterna Bank WorldPoints No Fee MasterCard									Points toward travel, merchandise and gift certificates
Alterna Savings TravelRewards MasterCard									Points toward travel
Alterna Savings WorldPoints Low Fee MasterCard									Points toward travel, merchandise and gift certificates
Alterna Savings WorldPoints No Fee MasterCard									Points towards travel, merchandise and gift certificates
Amex Bank of Canada American Express AIR MILES Platinum Credit Card									1 Air Mile for every $10 spent at air miles sponsors; 1 Air Mile for every $15 spent everywhere else
Amex Bank of Canada American Express Costco Platinum Cash Rebate Card									Cash rebate up to 2%
ATB Financial Platinum Cash Rewards MasterCard									Earn 3% cash back on your everyday purchases, and 1% cash back on everything else. Your cash rebate cheque will be mailed to you every February.
Canadian Western MBNA / Canadian Western Bank Think Western Platinum Plus® MasterCard®
Canadian Western MBNA / Canadian Western Bank Think Western Platinum Plus® MasterCard® with WorldPoints®
Canadian Western MBNA / Canadian Western Bank Think Western TravelRewardsTM Platinum Plus® MasterCard®
Capital One Bank Cash Back Platinum MasterCard with No Hassle Rewards									0.5% cash back annually on total purchases up to $3,000; 1% cash back annually on total purchases above $3,000
Capital One Bank Cash Back Plus Platinum MasterCard with No Hassle Rewards									1% cash back annually on total purchases up to $10,000; 1.5% cash back annually on total purchases between $10,000.01 and $20,000; 2% cash back annually on total purchases above $20,000
Capital One Bank Curling Platinum MasterCard with NoHassle Rewards									Earn one reward mile for every $1 you spend on purchases and redeem for curling rewards.
Capital One Bank Miles Platinum MasterCard with No Hassle Rewards									Travel, cash, merchandise and gift cards
Capital One Bank Miles Plus Platinum MasterCard with No Hassle Rewards									Travel, cash, merchandise and gift cards
CIBC Aerogold VISA Infinite Card									Aeroplan Miles
CIBC Aventura VISA Infinite Card									Points toward travel and lifestyle rewards
CIBC Dividend Platinum									Up to 2% cash back
CIBC VISA Platinum
Citibank Canada Citi Drivers' Edge Platinum MasterCard									2% cash rebate towards the lease or purchase of a new or used car
Citibank Canada Citi Enrich Platinum MasterCard									1% cash rebate on yearly spending
Citibank Canada Citi PETRO-POINTS MasterCard									Save 2 cents per litre when you fill up at Petro-Canada using your card and earn 10 PETRO-POINTS for every dollar you spend on the card
Citibank Canada Citi Platinum MasterCard
Citibank Canada Citi Staples EasyRewards MasterCard									Earn STAPLES easyRewards of up to 2% of your purchases
Citibank Canada Club Sobey's MasterCard									Earn 1 Club Sobeys Point for every whole $1 spent on the card. Earn 2 points for every $1 you spend when you pay using Club Sobeys Mastercard
Citibank Canada Diners Club MasterCard									Club Reward program offers 1.7% back toward travel purchases
Coast Capital Savings Coast VISA Desjardins Platinum									1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.
CUETS Financial Platinum Class MasterCard					2				2 Platinum CLASS REWARDS points for every $1 charged for retail purchases
Desjardins VISA Desjardins Platinum									1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.
JPMorgan Chase Bank NA Marriott Rewards Platinum VISA Card									Reward point options include certificates towards travel, sports & leisure, shopping
MBNA Canada Bank Platinum Plus MasterCard
MBNA Canada Bank PremierRewards Platinum Plus MasterCard									Cash back on purchases
MBNA Canada Bank TravelRewards Platinum Plus MasterCard									Points toward travel
MBNA Canada Bank WorldPoints Platinum Plus MasterCard									Points toward travel, merchandise and gift certificates
National Bank Platinum MasterCard									Points toward travel, merchandise or gift certificates at selected merchants
RBC Royal Bank British Airways VISA Platinum									British Airways Miles redeemed for travel on British Airways. Earn 1 point per dollar on purchases.
RBC Royal Bank RBC Cathay Pacific VISA Card									Asia Miles redeemed for travel on Cathy Pacific. Earn 1 point per dollar on purchases
RBC Royal Bank VISA Infinite (Offered to private banking clients)									Points toward travel, merchandise, vehicles, gift certificates, RBC Financial™ rewards or charitable donations
RBC Royal Bank VISA Infinite Avion									Points toward travel, merchandise, vehicles, gift certificates, RBC Financial™ rewards or charitable donations
RBC Royal Bank VISA Platinum
RBC Royal Bank VISA Platinum Avion									Points toward travel, merchandise, vehicles, gift certificates, RBC Financial™ rewards or charitable donations
TD Canada Trust TD / AAdvantage Platinum VISA									AAdvantage miles toward travel
TD Canada Trust TD First Class Travel									TD points toward travel
TD Canada Trust TD Platinum Travel									TD points toward travel
Westminster Savings Credit Union VISA Desjardins Platinum									1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.

This option is offered for an additional fee.
This option is included in the annual card fee.

1.  This is not a complete list of all rewards and benefits offered by credit card issuers. For more details about other rewards and benefits that are offered for additional fees, check with the credit card issuer.

2.  Points can be redeemed for car rentals.