Too many cards to pick from?

[Standby]

<span class="ev_code_RED">This study shows which card actually gives you the best reward. The highest % on % Net Reward is the indicator. BMO's new Westjet Card has the highest point although there is an annual fee. </span>



Credit Card Rewards Comparisons (Assume $20,000 Annual Spending)

CIBC VISA BMO Mosaik MasterCard WestJet Card
Dividend Dividend AeroGold Air Miles Air Miles Air Miles CashBack CashBack <span class="ev_code_RED">WestJet</span>
1% 2%* 1 on $1 1 for $40 1 for $20 1 for $15 0.5% 1% 1 for $15
Tier Incremental

1,500 1,500 0.25% $3.75 0.50% $7.50 1,500 38 75 100 0.50% $7.50 1.00% $15.00 100
3,000 1,500 0.50% $7.50 0.50% $7.50 1,500 38 75 100 0.50% $7.50 1.00% $15.00 100
15,000 12,000 1.00% $120.00 1.00% $120.00 12,000 300 600 800 0.50% $60.00 1.00% $120.00 800
20,000 5,000 1.00% $50.00 1.50% $75.00 5,000 125 250 333 0.50% $25.00 1.00% $50.00 333
2.00% Points 20,000 Points 500 1,000 1,333 Points 1,333

Rewards Before Fees $181 $210 $0.015 $300 $0.200 $100 $200 $267 $100 $200 $0.250 $333
** *** ****
Fees $- $(109) $(170) $(5) $(40) $(85) $(5) $(54) $(85)

Net Rewards $181 $101 $130 $95 $160 $182 $95 $146 $248

% Net Rewards 0.91% 0.51% 0.65% 0.48% 0.80% 0.91% 0.48% 0.73% <span class="ev_code_RED">1.24%</span>

** Aeroplan Valuation: Valuation
Based on flight to Olando, $400 for a return flight minus $25 call centre fees requiring 25,000 points =&gt; 1.50 cents per point =&gt; $130
Alternatively to Shanghai, $1,400 for a return flight minus $25 call centre fees requiring 75,000 points =&gt; 1.83 cents per point =&gt; $197

*** Air Miles Valuation:
Based on movie passes, $35 value at Cineplex requiring 175 points =&gt; 20 cents per mile $0.20 =&gt; $160
Alternatively, $20 gift voucher at Dominion requiring 125 points =&gt; 16.1 cents per mile $0.16 =&gt; $120
Or, flights to Shanghai and Orlando, Florida:
Discount Peak
Jan. 8 - Feb. 28 Jun. 1 - Oct. 15 Dec. 16 - Jan. 7 Discount #1 Value =&gt; $154
To Shanghai Apr. 1 - May 31 Mar. 1 - Mar. 31 Discount #2 Value =&gt; $106
Oct. 16 - Dec. 15 Peak Value =&gt; $77
Miles Required 7200 9600 12000
Valuation per Mile $0.194 $0.146 $0.117 per Mile

Discount Peak
Jan. 8 - Feb. 28 Jun. 1 - Oct. 15 Dec. 16 - Jan. 7 Discount #1 Value =&gt; $165
To Orlando Apr. 1 - May 31 Mar. 1 - Mar. 31 Discount #2 Value =&gt; $114
Oct. 16 - Dec. 15 Peak Value =&gt; $81
Miles Required 1950 2600 3300
Valuation per Mile $0.205 $0.154 $0.121 per Mile

**** WestJet Valuation:
Based on flight to Orlando, $400 for a return flight requiring 1,600 points $0.25 =&gt; $248