I rather take the Scotia Momentum Visa Infinite Card over the CIBC Dividend Visa Infinite Card for the fee based credit cards, but it all depends on your situation. If your a renter you can get 4% back with the Scotia card using Chexy. Ill take the 4% with Scotia with Groceries and recurring instead of the 4% with cibc with Groceries and Gas. But again pick what card is best for you. Lots of options out there.
It's neck and neck between those cards in our rankings. The only thing that gives the CIBC card the edge and the fifth spot is its easier access to the cash back rewards. You can cash out anytime your balance hits $25 whereas Scotia only pays out once per year. So you can have CIBC's cashback working for you sooner than Scotia's. But other than that they are pretty equal and it will come down to which categories you spend more in and how much you spend since Scotia does have higher annual caps.
Is the sign up bonus for the Amex scene platinum card for new clients only? I’m always refused sign up bonuses from Scotia because I already hold two scotia scene cards and a bank account
It seems to be hit and miss. The terms do state you can't have held a Scotia personal credit card (primary or secondary) in the past two years. But data points seem to show that Scotia follows that rule loosely and some people do seem to be able to get multiple bonuses from different cards over shorter time periods.
Not really. They are the third best travel rewards currency for Canadians after Amex Membership Rewards and Air Canada Aeroplan. Easy to earn and easy to redeem for any travel booked on any of their credit cards.
@@warsongtristan6649 Yes only 1 cent but their cards earn 1 to 6 points per dollar so you have 1% to 6% returns. The Scotia Platinum is a straight 2% card, the Gold Amex is 1% to 6%, Passport Visa is 1 to 3% (and those three cards all have no FX fees to boot) The no fee Scotia Amex and no fee Scene+ are 1-2% as well.
@@sinisteel It should be known that pretty much all of the programs only guarantee 1 cent per point. The values you list are only potential values and some like Aeroplan and Amex are on the inflated side. You also have to look at how points are earned - not just the cents value for redemption and in that regard for most people Scene+ provides better returns and is the better and more flexible program overall than Avion Rewards. FYI we consider Avion Rewards the 4th best travel rewards currency in Canada after Amex MR #1, Aeroplan #2 and Scene+ #3. For example the Scotia Gold Amex earns 1 to 6 points/$ so you have a 1 to 6% return on spending. RBC Avion Visa Infinite earns 1 to 1.25 points and the 2.33 cpp is only available on the short haul flight redemption when you redeem at the max ticket value (so it's not a guaranteed value) but even then if you do get 2.33 your return on spending ends up only being 2.91% at the max (1.25 points * 2.33) And then if you pay your taxes and fees with points for Avion, you only get 1% to 1.25% whereas the Gold Amex doesn't differentiate so you still get 1% to 6%. Another thing to compare is the RBC Avion Infinite is primarily just a 1 point earner as its 1.25 points is only on travel purchases.. The Scotia Gold's accelerators are on easy to earn categories so it just makes the spread even more favourable for Scene+. Even the Scotia Passport is better with 1% to 3% returns with easy to earn 2 and 3 point categories. Of course, I am not taking into account the ION+ and Avion card combo which can push 7% returns (for the short haul at 2.33 cents per point) and really it shouldn't be used for a comparison as the onus should not be on the consumer to run with two cards to get the maximum value out of the same program. It's a different story if you want to maximize two programs - for example getting the Cobalt Card to earn as many Aeroplan points as possible and then an Aeroplan co-brand card to get preferred pricing on award flights. The Avion program does have the transfer options which are great but only a small percentage of Canadians who have Avion cards actually use the transfer option (us points and miles freaks mainly). Most simply redeem for flights or other travel via Avion Rewards. I highly recommend reading the following articles of ours: www.rewardscanada.ca/cpp-cpm-lesson.html www.rewardscanada.ca/any-travel-anytime.html
I rather take the Scotia Momentum Visa Infinite Card over the CIBC Dividend Visa Infinite Card for the fee based credit cards, but it all depends on your situation. If your a renter you can get 4% back with the Scotia card using Chexy. Ill take the 4% with Scotia with Groceries and recurring instead of the 4% with cibc with Groceries and Gas. But again pick what card is best for you. Lots of options out there.
It's neck and neck between those cards in our rankings. The only thing that gives the CIBC card the edge and the fifth spot is its easier access to the cash back rewards. You can cash out anytime your balance hits $25 whereas Scotia only pays out once per year. So you can have CIBC's cashback working for you sooner than Scotia's. But other than that they are pretty equal and it will come down to which categories you spend more in and how much you spend since Scotia does have higher annual caps.
Is the sign up bonus for the Amex scene platinum card for new clients only? I’m always refused sign up bonuses from Scotia because I already hold two scotia scene cards and a bank account
It seems to be hit and miss. The terms do state you can't have held a Scotia personal credit card (primary or secondary) in the past two years. But data points seem to show that Scotia follows that rule loosely and some people do seem to be able to get multiple bonuses from different cards over shorter time periods.
Too bad scene points stink
Not really. They are the third best travel rewards currency for Canadians after Amex Membership Rewards and Air Canada Aeroplan. Easy to earn and easy to redeem for any travel booked on any of their credit cards.
@ they are only worth 1c so even a 2% cash back card beats them. They need a transfer partner like porter or something
Aeroplan like 2.1 cents
scene is like 1 cent
Amex is like 2.2 cent
Avion like 2.33 cent
So even Avion is better than scene points no?
@@warsongtristan6649 Yes only 1 cent but their cards earn 1 to 6 points per dollar so you have 1% to 6% returns. The Scotia Platinum is a straight 2% card, the Gold Amex is 1% to 6%, Passport Visa is 1 to 3% (and those three cards all have no FX fees to boot) The no fee Scotia Amex and no fee Scene+ are 1-2% as well.
@@sinisteel It should be known that pretty much all of the programs only guarantee 1 cent per point. The values you list are only potential values and some like Aeroplan and Amex are on the inflated side.
You also have to look at how points are earned - not just the cents value for redemption and in that regard for most people Scene+ provides better returns and is the better and more flexible program overall than Avion Rewards. FYI we consider Avion Rewards the 4th best travel rewards currency in Canada after Amex MR #1, Aeroplan #2 and Scene+ #3.
For example the Scotia Gold Amex earns 1 to 6 points/$ so you have a 1 to 6% return on spending. RBC Avion Visa Infinite earns 1 to 1.25 points and the 2.33 cpp is only available on the short haul flight redemption when you redeem at the max ticket value (so it's not a guaranteed value) but even then if you do get 2.33 your return on spending ends up only being 2.91% at the max (1.25 points * 2.33) And then if you pay your taxes and fees with points for Avion, you only get 1% to 1.25% whereas the Gold Amex doesn't differentiate so you still get 1% to 6%.
Another thing to compare is the RBC Avion Infinite is primarily just a 1 point earner as its 1.25 points is only on travel purchases.. The Scotia Gold's accelerators are on easy to earn categories so it just makes the spread even more favourable for Scene+. Even the Scotia Passport is better with 1% to 3% returns with easy to earn 2 and 3 point categories.
Of course, I am not taking into account the ION+ and Avion card combo which can push 7% returns (for the short haul at 2.33 cents per point) and really it shouldn't be used for a comparison as the onus should not be on the consumer to run with two cards to get the maximum value out of the same program. It's a different story if you want to maximize two programs - for example getting the Cobalt Card to earn as many Aeroplan points as possible and then an Aeroplan co-brand card to get preferred pricing on award flights.
The Avion program does have the transfer options which are great but only a small percentage of Canadians who have Avion cards actually use the transfer option (us points and miles freaks mainly). Most simply redeem for flights or other travel via Avion Rewards.
I highly recommend reading the following articles of ours:
www.rewardscanada.ca/cpp-cpm-lesson.html
www.rewardscanada.ca/any-travel-anytime.html