I was shopping at Costco today and the cashier gave out a brochure for an American Express credit card. I regularly use the American Express Air Miles card and the President’s Choice MasterCard, never carry a balance on both the no-fee cards and use them primarily for the rewards. All credit card solicitations get thrown in the junk where they rightly belong, but I am glad I paid more attention to the Costco brochure.
The American Express Costco Platinum credit card has a cash rebate feature that I think is very attractive. For purchases over $5,000, the card provides a cash rebate (in the form of rebate coupons redeemable at Costco) of 1.5%. Since the American Express Air Miles card has a rewards payout of 0.7% and the President’s Choice MasterCard pays 1%, I am going to apply for the Amex Costco card for its superior rebate program.
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2 responses so far ↓
1 Anonymous // Sep 25, 2005 at 10:07 pm
If you plan to buy a car within next 5 years, Citi Driver’s Edge Platinum Mastercard is a better deal. 2% cash rebate on all purchases, no minimums.
Any car qualifies: new or used, bought at a dealership or privately.
BTW, great blog!
A fellow software developer from Ottawa…
2 Canadian Capitalist » This and That // Aug 30, 2006 at 12:16 am
[...] Frugal Canadian has posted a nice chart summarising the benefits of the various popular credit cards. I use the Costco Amex Platinum card (no annual fees and a reward of up to 1.5% in the form of a Costco rebate cheque) for most purchases and the PC Financial MasterCard as a backup. Readers have also pointed out that Citi Driver’s Edge MasterCard is an attractive option. [...]
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