Standard Credit Cards: 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

Reward Programs offered by your Credit Cards in Canada

Many credit card issuers, provide membership 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 card issuer operates a cashback program. In a cash back program 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 credit card account or paid to the card holder separately, for example by cheque.

Rewards based credit card products like cash back are more beneficial to consumers who pay their 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 rewards you earned.

Do not enter into the credit card rewards program lightly. The glamour of the 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 Standard 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.

| Standard Credit Cards | Reward Program | Travel Insurance and Benefits |

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

Issuer / Name of Card	Reward Program1
	Travel	CashBack	Grocery	Merchandise	Vehicle	Donation	Health Product	Financial product	Details
Alterna Bank Preferred MasterCard
Alterna Savings Preferred MasterCard
ATB Financial Preferred Fixed Rate MasterCard
ATB Financial Preferred Variable Rate MasterCard
BMO Bank of Montreal Air Miles MasterCard with Low Rate Option									Air Miles
BMO Bank of Montreal CashBack MasterCard with Low Rate Option									Cash Back
BMO Bank of Montreal Preferred Rate MasterCard with Low Rate Option
CIBC Select VISA Card (Low Rate)
Citizens Bank of Canada Shared Interest Classic My VISA Reward Plus with Low Interest Rate option									$2 = 1 point toward travel, merchandise, financial products and charitable donations. For each transaction, 10 cents is donated to a non-profit agency.
Citizens Bank of Canada Shared Interest Classic VISA with Low Interest Rate option									For each transaction, 10 cents is donated to a non-profit agency
Coast Capital Savings Low Interest Rate Coast VISA Desjardins Classic									0.5% of purchases credited as BONUSDOLLARS
Desjardins Low Interest Rate VISA Desjardins Classic
HSBC Bank Canada Low Rate HSBC MasterCard
HSBC Bank Canada Low Rate HSBC MasterCard (with rewards)									Travel, merchandise, gift cards, cash back or personal finances
Laurentian Bank VISA Black (reduced rate option)
Laurentian Bank VISA Complicité (reduced rate)
National Bank Reduced Rate Allure MasterCard									Points toward travel or merchandise. Up to 10% rebate at selected merchants. $1 spent = 1 point.
National Bank Reduced Rate Edition MasterCard
National Bank Reduced Rate Escapade MasterCard									Points for merchandise, travel or gift cards. $1 spent = 1 point.
National Bank Reduced Rate Sunoco MasterCard
National Bank Reduced Rate Ultramar MasterCard									Up to 2.5% cash back with Ultramar purchases and up to 1.25% with all other purchases
National Bank Syncro MasterCard
RBC Royal Bank VISA Classic Low Rate
Scotiabank No-Fee Scotiabank Value VISA
Scotiabank Scotiabank Value VISA
Scotiabank ScotiaLine VISA Account
TD Canada Trust TD Emerald VISA
Vancity Credit Union Enviro Classic VISA Low Interest Rate option
Vancity Credit Union Enviro Classic VISA My VISA Rewards Plus with Low Interest Rate option									$2 = 1 point toward travel, merchandise, financial products/services and charitable donations
Westminster Savings Credit Union Low Interest Rate VISA Desjardins Classic

Canadian Reward Programs Offered by Regular-Rate Standard 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 Low Fee MasterCard									Points toward travel, merchandise and gift certificates
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 toward travel, merchandise and gift certificates
Amex Bank of Canada American Express AIR MILES Credit Card									1 air mile for every $20 spent
Amex Bank of Canada Blue Sky(TM) Credit Card									1.25 Blue Sky Points for every $1 spent
Amex Bank of Canada Holt Renfrew Card from American Express									1 point for every $1 spent
ATB Financial Alberta MasterCard
ATB Financial Alberta My Rewards MasterCard									Earn 5 reward points for every $1 in purchases on your card. Redeem your points for travel, merchandise and gift cards.
ATB Financial Calgary Co-op MasterCard									Earn 10 Co-op MasterCard points for every $1 in purchases, everywhere you shop. Redeem your points for Calgary Co-op gift cards and use for groceries, gas, travel and more.
ATB Financial myHusky Rewards Mastercard									Earn 2% back for every $1 charged on all Husky or Mohawk purchases, and 1% back everywhere else you shop. Every $25 earned = $25 Husky gift certificate. Free $25 gift with sign up.
BMO Bank of Montreal Air Miles MasterCard									Air Miles
BMO Bank of Montreal CashBack MasterCard									Cash Back
BMO Bank of Montreal Preferred Rate MasterCard
BMO Bank of Montreal Premium CashBack MasterCard									Cash Back
BMO Bank of Montreal Premium CashBack MasterCard with Low Rate Option									Cash Back
Canadian Tire Canadian Tire Gas Advantage MasterCard									Discount on per litre price of gas at Canadian Tire Gas Bars
Canadian Tire Canadian Tire Options MasterCard									Canadian Tire Money on the card
CIBC Aero Classic VISA Card									Aeroplan miles
CIBC Classic VISA Card
CIBC Dividend Card									Up to 1% cash back
Citibank Canada Citi Enrich MasterCard									1% cash rebate on yearly spending
Citibank Canada Citi MasterCard
Citibank Canada Citi Petro-Points MasterCard									Discount of 2 cents per litre at Petro Canada stations. Earn 10 Petro points for every $1 spent.
Citizens Bank of Canada Amnesty International VISA									Citizens Bank donates 10 cents for each transaction and $20 on each approved application to Amnesty International
Citizens Bank of Canada Oxfam Canada VISA									Citizens Bank donates 10 cents for each transaction and $20 on each approved application to Oxfam Canada
Citizens Bank of Canada Save-on-More VISA									$1 = 2 Save-on-More points toward travel, merchandise, groceries, medical services and charitable donations
Citizens Bank of Canada Shared Interest Classic My VISA Reward Plus option									$2 = 1 point towards travel, merchandise, financial products and charitable donations. For each transaction, 10 cents is donated to a non-profit agency.
Coast Capital Savings Coast VISA Desjardins Classic									0.5% of purchases credited as BONUSDOLLARS
CUETS Financial Low Fee CHOICE REWARDS MasterCard					2				1 CHOICE REWARDS point for every $1 charged for retail purchases and initial balance transfer
CUETS Financial Low Fee MasterCard
CUETS Financial No Fee CHOICE REWARDS MasterCard					2				1 CHOICE REWARDS point for every $1 charged for retail purchases and initial balance transfer
Desjardins VISA Desjardins Classic
Desjardins VISA Desjardins Classic with BONUSDOLLARS Rewards Program									1% of purchases credited as BONUSDOLLARS
GE Money Canada Hbc MasterCard									Hbc Rewards
HSBC Bank Canada HSBC MasterCard
HSBC Bank Canada HSBC MasterCard (with rewards)									Travel, merchandise, gift cards, cash back or personal finance
JPMorgan Chase Bank NA Best Buy Reward Zone VISA Card									Reward point options include movies, video games, electronics and more from Best Buy. Earn 2 points for nearly every dollar in purchases charged to your card at any Canadian Best Buy store or at BestBuy.ca. Earn one point for nearly every dollar at locations where VISA is accepted.
JPMorgan Chase Bank NA Canadian Cancer Society MasterCard									1% of eligible purchases donated to the Canadian Cancer Society
JPMorgan Chase Bank NA Sears MasterCard									Reward point options include certificates toward merchandise, travel, entertainment and dining
Laurentian Bank VISA Black
Laurentian Bank VISA Black Reward Me card									Points toward merchandise and gift certificates at selected merchants
Laurentian Bank VISA Complicité									Points toward merchandise, travel and gift-certificates at selected merchants
MBNA Canada Bank Preferred MasterCard
National Bank Allure MasterCard									Points toward travel or merchandise. Up to 10% rebate at selected merchants. $1 spent = 1 point.
National Bank Edition MasterCard
National Bank Escapade MasterCard									Points for merchandise, travel or gift cards. $1 spent = 1 point.
National Bank MC1
National Bank Sunoco MasterCard
National Bank Ultramar MasterCard									Up to 2.5% cash back with Ultramar purchases and up to 1.25% with all other purchases
President's Choice Bank President's Choice Financial MasterCard									10 PC points for every dollar spent, redeemable for free groceries and more
RBC Royal Bank Esso VISA									Points toward Esso gas, services and merchandise
RBC Royal Bank RBC Rewards VISA Classic									Points toward travel, merchandise, vehicles, gift certificates, RBC Financial™ rewards or charitable donations
RBC Royal Bank Starbucks Duetto VISA Card									Up to 3% in Duetto dollars redeemable for Starbucks products. On the first Visa transaction, 25 Duetto dollars are offered to cardholders, and a $5.00 donation is made to the Ethos Foundation.
RBC Royal Bank VISA Classic
RBC Royal Bank VISA Classic II									Points toward travel, merchandise, vehicles, gift certificates, RBC Financial™ rewards or charitable donations
Scotiabank No-Fee Scotia Moneyback VISA									Up to 1% cash back
Scotiabank SCENE VISA card									Points toward entertainment rewards
Scotiabank Scotia Moneyback VISA									Up to 1% cash back
Scotiabank ScotiaHockey VISA									Points toward NHL merchandise, travel, and rewards
TD Canada Trust TD Classic Travel VISA									TD points toward travel
TD Canada Trust TD Green VISA
TD Canada Trust TD Rebate Rewards VISA									Tiered cash back: 0.5% on the first $3,000 annual purchase; 1.0% on annual purchases over $3,000 (up to $25,000)
TD Canada Trust The GM Card									3% GM Card Earnings towards GM vehicles
Vancity Credit Union Enviro Classic VISA My VISA Rewards Plus									$2 = 1 point toward travel, merchandise, financial products/services and charitable donations
Vancity Credit Union Save-on-More VISA									$1 = 2 Save-on-More points toward travel, merchandise, groceries, gift cards, donations, sports and Leisure
Westminster Savings Credit Union VISA Desjardins Classic

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.