When Brandon instinctively posts a video that adds to my research I’ve been doing in the past 2 weeks because I want to go to the Philippines and ticket is around $2500 to $3000+. 😂 Thanks Brandon!
If you grocery store accepts American Express, the Cobalt American Express Card is also really worth looking into, some of the best value on the canadian market.
Ricky has great content and really opened my eyes to how beneficial credit card rewards programs can be. Before I found his channel last summer I was just using my debit card not knowing any better. I've taken advantage of a couple great welcome bonuses now my next big trip is going to be in business class paid for with points, and my layovers are spent in the maple leaf lounge instead of a chaotic terminal. It's also worth noting that Aeroplan points can be redeemed with any Star Alliance airline, not just AC.
I'm watching this video because I just realized how much my no annual fee card SUCKS.... Compared to other points programs TD's is insulting... 3x the points for flights... Well I never fly so that's useless.... 2x points for groceries, and fast food. I'm 140 pound, single person... So that's basically useless.... 1x points for every dollar spent on reoccurring bills.... I pay my rent in cash every month because I only have a 2000 dollar limit.... So that's VERY useless.... I've collected 1400 points in 5 months... That's $5.00 ... Considering the no annual fee card is used primarily by young adults, you think they could make it valuable for young adults. ie 3x points on Video Games or Movies. 2x points on electronics. 1x points on every other purchase.
Different for everyone, I’ve had nothing but good experiences with Air Canada, and you’re not limited to air Canada with aeroplan, you can use any star alliance airline
I’ve been utilizing the benefits on my CIBC Aventura Infinite. 35,000 welcome bonus points (that’s a max $800 off a flight), first year free, and free going forward if you keep $6,000 in your smart plus chequing account. You get 4 free priority pass lounge visits when traveling in airports each year, they pay for your nexus pass once every 4 years too and it comes with a bunch of free insurances from mobile phones, trip cancelation, out of province medical and hotel burglary. I’m partial because I’m an advisor at CIBC but doesn’t mean it’s not an awesome card.
I think I might go with the first class infinite over the aeroplan infinite. First class infinite has more options to what you can choose. I don’t like how aeroplan is strict to air Canada. Seems like first class is the better way to go. Also first class I’ll get 145,000 points and that birthday bonus. I also have the Amex Cobalt which is unreal. Love it!
1 mil TD travel points = $5000 maximum if u redeem through expedia. So not a lot. U can't redeem more than 1-2 long haul business class flights even. Dump the First Class travel points, and get the Aeroplan instead. To get those 1 mil TD points u would have spent $333,333 CAD already, and if u were to spend with the Aeroplan card, u would have gotten 333,333 points, which is enough to get AT LEAST 4-5 Long haul business class flights Im another points and cards guru in vancouver hahaha
Are you saying with aeroplan visa you spend less than TD travel visa to get the same amount of point AND those aeroplan points get you more than TD Rewards? What I’m having a hard time figuring out is the value of the points. I’m now well versed on the accumulation of points on either card. But let’s say a trip to Hawaii 50,000 TD rewards points..would it cost the same, less or more points using aeroplan cuz that’s where a person can really determine if TD Rewards points or aeroplan are the best value
Just some constructive criticism. You mention in this video giving advice to people starting out with a credit card to earn points rather than using your debit. But the cars you mention both require a individual income of $60,000 or household income of $100,000. Many people these days do not earn an income of $60,000 let alone a household income (assuming 2 people) of $100,000. I think better cards to have compared were the Platinum TD Rewards and the Platinum Aeroplan. Neither of them require a set income amount and are a better choice for people starting out with their first credit card who are also lower income.
55800=278 Dollars 1 Million = 5000 Dollars roughly ..!! give and take. So what was your reward rate.!! that matters. If u spend 200,000 then it's valuable. kinda @2.5% Reward rate
i had 60,000 aeroplan points and it took me forever to find a flight that matched the dates and times i wanted to fly, and yes it had to be air canada. In the end 60,000 pts paid for almost all of my ticket from toronto to San Jose costa rica (5hr), i paid $147 for the ticket basically and i was in business class and free 1st checked bag. Flight price was $1,100 without points
Thank you Brandon this is great advice. I just took a look and the first class travel visa right now and it's is offering 135,000 sign up bonus points if you spend 5k in the first 6 months and another 10,000 point on your bday!
They both suck compared to others actually unless you have a large family to get the checked bags and fly often but you are limited to air canada which also sucks. Check out the Scotiabank Momentum Visa
Hey Brandon, Long time watcher of your channel, first time commenter. A few years back I decided I need to switch banks as my current bank was ripping me off and with that I looked at credit cards. I also ended up at TD due to some of the perks on their accounts, but didn't opt for a travel card due to the restrictive redemption options. The TD points is intriguing and I'll have to check them out, but I opted for the TD Cash Back Visa Infinite Card. One of the best cash back cards in my opinion (only beat by the Scotiabank version) and the cash back can be used on anything, including flights, hotels, etc. I was thinking of going to the Scotiabank version of the card, but with the TD chequing account, you can have the annual credit card fee waived saving me the $120 per year which out-weighted any difference between the cards. Anyways, thought I'd share. I will now have to go through and compare my cash back card and these travel cards to see how close they are. Who knows I may be switching. But being able to put cashback towards anything is a nice flexibility that will be tough to give up.
One tip for ya, in my research and calculations you can actually get more cash back with the TD rewards card because the rewards points can be used for cash back
I just switched to the TD aeroplan infinite card. I'm a bit new to this, do I have to create an Aeroplan account then link it or does TD automatically assign an Aeroplan number to me?
Brandon if you want the aeroplan card but don't want to use the points can't you just transfer your TD rewards points from your personal account to the business account Or vice versa? And also if you switch to the TD all inclusive banking plan the credit card and account fee is waived as long as you have $5000 in your checkings account each month. So you save the $120 a year and $30 a month for the account fee plus there are other perks like a free small safety deposit box.
I have MBNA World Elite MasterCard. I’m not saying that it’s the best card but the website for booking and the people in the call center are excellent. I’m not an Air Canada lover and a lot of my pay cheque goes to Costco who doesn’t accept Visa.
I use the TD visa Infinite card and have been for almost 5 years now. As someone who doesn't travel for work or vacation all too often I wanted a card that suited my lifestyle more (instead of accruing a bunch of aero points that I would have a hard time using). This card is great! It gives me 1% cashback on all my purchases, and 3% cashback on all gas, groceries, and monthly subscriptions. The annual fee is around $130 but is waived if you hold a minimum of $5000 in a TD chequing account. You always hear the saying "cash is king" so for me a cashback card was the way to go. As an example, I use this card for my purchases throughout the year, then use the cashback I've earned to pay for my entire Christmas shopping.
Using this strategy and the TD infinite (referenced here) it has got me and my partner to Asia and is now funding our honeymoon. We also got AirPods through the benefits. If you’re a traveller this card is 100% worth it even with the yearly fee.
I have been using my credit card for all purchases for the last year and it has genuinely changed my investing life, I use my td cash back no annual fee card and I make more cash back dollars compared to my dividend income from my profile, I just use my cash back and buy more dividend etfs, speeding up my dividend and stock snowball :)
I use Aeroplan and have no issues flying anywhere. Air Canada is easy to fly almost anywhere you want. Although the cards I think that provide the most value are the AMEX travel credit cards that build up AMEX travel points. This is simply because those points are transferable to many other travel reward programs, including Aeroplan. A card like the AMEX Cobalt or Gold card to me provides the best value.
We rock the TD Aeroplan card and love it. My wife's side hustle is as a travel agent so she racks them up fast, plus we travel quite a bit and my dad lives in Calgary so I'm there from Ontario a few times a year. It's like the card is built for us and I'm Iike you, TD is my go to after dealing with a few others and having more frustration than anything. Great video 👍
Amex have the best travel cards in the world. Not really close. Only downside is they cost quite a bit more. If you travel a descent amount throughout the year, it's usually worth it. Things like free access to first class lounges can really make the travel experience more pleasant and relaxing.
@@jabbs23 any tips of maximizing its rewards? I know everywhere doesn't take Amex but like it's worth switching grocery stores and stuff? Currently I have a simply proffered amex for 4% gas and 2% everything else. Might start shopping at frescho and food basics to get 4% grocery on it too...but I'm looking for some cards to pair it with
@@hassu2149 You can maximize rewards by using the fixed travel rewards program with Amex or switching the points at a 1:1 ratio with airlines points companies such as Aeroplan. As for merchants, I'd say 9/10 stores i shop at accept Amex so no issues there other than major vendors such as Costco, but then again, they don't even take Visa. Loblaws also doesn't take Amex, but every other grocer i go to such as Metro and Walmart does. Card also comes with mobile insurane, and great travel insurance. The rewards structure is really unbeatable in Canada. Check it out for yourself.
@@jabbs23 Thanks. Really appreciate the advice. Do you know if walmart supercenters get the 5x on it? Also, what's your backup/Secondary cards that you feel work well with the AMEX in your daily life to maximize rewards?
Travel reward points are a big waste as someone who has worked for a major bank. Just remember nothing comes free ever and there are always hidden fees we used to add in to rewards catelogues in to make them 'appear' as free money. Remember they make most of their money on swipe fees to merchants which in turn pass the cost back at you in the price. A number of countries also pass surcharges onto you as well if you travel. If you look closely at where you can fly to it's probably even better to use Skyscanner and you can usually find a much more better deal anyway and far cheaper and convient. I personally don't have credit cards anymore and just use the Koho reloadable card which you can still get a bit of cashback anyway. Remember nothing comes free in this world and if you think you are saving money using them I can assure you they make up the costs in other ways.
I went for the Aeroplan card last year when my daughter was heading to university in Newfoundland. Getting free checked bags for her travel and for our visits was the clincher.
Canadian tire triangle card is the best gas card. 5% return. No annual fee. Free towing if something happens to your vehicle. 1.25% in store purchases. A great all around card.
📈📚🇨🇦 Join The Investing Academy Today - bit.ly/theinvestingacademy
Which card do you use or prefer!? Leave a comment down below :)
When Brandon instinctively posts a video that adds to my research I’ve been doing in the past 2 weeks because I want to go to the Philippines and ticket is around $2500 to $3000+. 😂 Thanks Brandon!
Same 😂
If you grocery store accepts American Express, the Cobalt American Express Card is also really worth looking into, some of the best value on the canadian market.
I just got approved for the cobalt card. Can’t wait to get it and start using it. Might be the best card in Canada.
Best credit card duo out there is American Express Cobalt and TD Aeroplan !!
do you mean that you use them both together?
Ricky has great content and really opened my eyes to how beneficial credit card rewards programs can be. Before I found his channel last summer I was just using my debit card not knowing any better. I've taken advantage of a couple great welcome bonuses now my next big trip is going to be in business class paid for with points, and my layovers are spent in the maple leaf lounge instead of a chaotic terminal.
It's also worth noting that Aeroplan points can be redeemed with any Star Alliance airline, not just AC.
American Express Cobalt is king
Great video! I work at TD and fyi, if you have the all inclusive chequing account, you get the fees waived on these premium cards!
I'm watching this video because I just realized how much my no annual fee card SUCKS....
Compared to other points programs TD's is insulting...
3x the points for flights... Well I never fly so that's useless....
2x points for groceries, and fast food. I'm 140 pound, single person... So that's basically useless....
1x points for every dollar spent on reoccurring bills.... I pay my rent in cash every month because I only have a 2000 dollar limit.... So that's VERY useless....
I've collected 1400 points in 5 months...
That's $5.00 ...
Considering the no annual fee card is used primarily by young adults, you think they could make it valuable for young adults.
ie
3x points on Video Games or Movies.
2x points on electronics.
1x points on every other purchase.
Can you not fly with star alliance partners with the Aeroplan card? I like that flexibility.
You should partner up with the prince of travel. He has the best content in Canada on how to maximize point programs for travel.
Did you watch the video? He cites Ricky as his inspiration for this video in the first two minutes.
@@jesserusso2365 I did. I am saying he should partner up with him for content the same way he is doing with Nolan Matthias.
@@lucky247365 Definitely wouldn't hurt. Ricky has changed how I view credit cards and travel, and more people should be aware of what's out there.
Hey bro, can you explain the Expedia first class travel insurance coverage?
yup the only down side is air canada is really a bad airline so you made the right choice with flexibility.
Different for everyone, I’ve had nothing but good experiences with Air Canada, and you’re not limited to air Canada with aeroplan, you can use any star alliance airline
I’ve been utilizing the benefits on my CIBC Aventura Infinite. 35,000 welcome bonus points (that’s a max $800 off a flight), first year free, and free going forward if you keep $6,000 in your smart plus chequing account. You get 4 free priority pass lounge visits when traveling in airports each year, they pay for your nexus pass once every 4 years too and it comes with a bunch of free insurances from mobile phones, trip cancelation, out of province medical and hotel burglary. I’m partial because I’m an advisor at CIBC but doesn’t mean it’s not an awesome card.
Debit cards are NOT safer than credit! It is the opposite!
Great video, now I know what card I want. Thank you
I think I might go with the first class infinite over the aeroplan infinite. First class infinite has more options to what you can choose. I don’t like how aeroplan is strict to air Canada. Seems like first class is the better way to go. Also first class I’ll get 145,000 points and that birthday bonus. I also have the Amex Cobalt which is unreal. Love it!
Don’t forget aeroplan is not restricted to air Canada, you can fly any star alliance airline which opens up more options
Visa and Mastercard own by the banks👎👎👎 American express are the best in travel and rewards period.
1 mil TD travel points = $5000 maximum if u redeem through expedia. So not a lot. U can't redeem more than 1-2 long haul business class flights even. Dump the First Class travel points, and get the Aeroplan instead.
To get those 1 mil TD points u would have spent $333,333 CAD already, and if u were to spend with the Aeroplan card, u would have gotten 333,333 points, which is enough to get AT LEAST 4-5 Long haul business class flights
Im another points and cards guru in vancouver hahaha
You have to spend lots of money on any of them to get points regardless. People who are tight spenders are better off avoiding them.
This is the exact calculation I am looking for. Thanks!
Please show how you arrive at this calculation especially when the multipliers at different categories are different
Are you saying with aeroplan visa you spend less than TD travel visa to get the same amount of point AND those aeroplan points get you more than TD Rewards?
What I’m having a hard time figuring out is the value of the points. I’m now well versed on the accumulation of points on either card. But let’s say a trip to Hawaii 50,000 TD rewards points..would it cost the same, less or more points using aeroplan cuz that’s where a person can really determine if TD Rewards points or aeroplan are the best value
Just some constructive criticism. You mention in this video giving advice to people starting out with a credit card to earn points rather than using your debit. But the cars you mention both require a individual income of $60,000 or household income of $100,000. Many people these days do not earn an income of $60,000 let alone a household income (assuming 2 people) of $100,000. I think better cards to have compared were the Platinum TD Rewards and the Platinum Aeroplan. Neither of them require a set income amount and are a better choice for people starting out with their first credit card who are also lower income.
55800=278 Dollars
1 Million = 5000 Dollars roughly ..!! give and take.
So what was your reward rate.!! that matters.
If u spend 200,000 then it's valuable. kinda @2.5% Reward rate
i had 60,000 aeroplan points and it took me forever to find a flight that matched the dates and times i wanted to fly, and yes it had to be air canada. In the end 60,000 pts paid for almost all of my ticket from toronto to San Jose costa rica (5hr), i paid $147 for the ticket basically and i was in business class and free 1st checked bag. Flight price was $1,100 without points
Thank you Brandon this is great advice. I just took a look and the first class travel visa right now and it's is offering 135,000 sign up bonus points if you spend 5k in the first 6 months and another 10,000 point on your bday!
They both suck compared to others actually unless you have a large family to get the checked bags and fly often but you are limited to air canada which also sucks. Check out the Scotiabank Momentum Visa
Also Vancouver resident. Rogers World Elite Card. No annual fee, 1.5% cashback on all purchases, 3% cashback on all USD purchases
Hey Brandon,
Long time watcher of your channel, first time commenter.
A few years back I decided I need to switch banks as my current bank was ripping me off and with that I looked at credit cards.
I also ended up at TD due to some of the perks on their accounts, but didn't opt for a travel card due to the restrictive redemption options. The TD points is intriguing and I'll have to check them out, but I opted for the TD Cash Back Visa Infinite Card. One of the best cash back cards in my opinion (only beat by the Scotiabank version) and the cash back can be used on anything, including flights, hotels, etc. I was thinking of going to the Scotiabank version of the card, but with the TD chequing account, you can have the annual credit card fee waived saving me the $120 per year which out-weighted any difference between the cards.
Anyways, thought I'd share. I will now have to go through and compare my cash back card and these travel cards to see how close they are. Who knows I may be switching. But being able to put cashback towards anything is a nice flexibility that will be tough to give up.
No doubt..! Thanks for sharing Philipp :)
One tip for ya, in my research and calculations you can actually get more cash back with the TD rewards card because the rewards points can be used for cash back
AMEX Cobalt and if American Express is not accepted then Presidents Choice MasterCard
Great video Brandon! Highly suggest people to check out Ricky! Have learned so much from him.
I just switched to the TD aeroplan infinite card. I'm a bit new to this, do I have to create an Aeroplan account then link it or does TD automatically assign an Aeroplan number to me?
Best card is Scotia Bank Momemtum. 4% cash back for groceries and gas purchase.
You don't need to fly air canada,why do you keep saying that?
I am debating between Td first class or RBC Avion which do you recommend.
Stupid Coast Capital reduced our travel points on our card, sucks it was a wicked card for a while.
Brandon if you want the aeroplan card but don't want to use the points can't you just transfer your TD rewards points from your personal account to the business account Or vice versa?
And also if you switch to the TD all inclusive banking plan the credit card and account fee is waived as long as you have $5000 in your checkings account each month. So you save the $120 a year and $30 a month for the account fee plus there are other perks like a free small safety deposit box.
I have MBNA World Elite MasterCard. I’m not saying that it’s the best card but the website for booking and the people in the call center are excellent. I’m not an Air Canada lover and a lot of my pay cheque goes to Costco who doesn’t accept Visa.
RBC Avion - I've flown first class with my husband multiple times already. Love it!
I use the TD visa Infinite card and have been for almost 5 years now. As someone who doesn't travel for work or vacation all too often I wanted a card that suited my lifestyle more (instead of accruing a bunch of aero points that I would have a hard time using).
This card is great! It gives me 1% cashback on all my purchases, and 3% cashback on all gas, groceries, and monthly subscriptions. The annual fee is around $130 but is waived if you hold a minimum of $5000 in a TD chequing account.
You always hear the saying "cash is king" so for me a cashback card was the way to go.
As an example, I use this card for my purchases throughout the year, then use the cashback I've earned to pay for my entire Christmas shopping.
Using this strategy and the TD infinite (referenced here) it has got me and my partner to Asia and is now funding our honeymoon. We also got AirPods through the benefits. If you’re a traveller this card is 100% worth it even with the yearly fee.
CIBC Costco Mastercard is great for Cash back.
Thank you, Brandon. This video was 🔥
Awesome stuff thanks for sharing Brandon!
TD cashback visa for the win
I have been using my credit card for all purchases for the last year and it has genuinely changed my investing life, I use my td cash back no annual fee card and I make more cash back dollars compared to my dividend income from my profile, I just use my cash back and buy more dividend etfs, speeding up my dividend and stock snowball :)
so do you use it for all monthly expenses or just larger ones (rent, insurance) and pay it all back before the closing date of your cycle?
I use Aeroplan and have no issues flying anywhere. Air Canada is easy to fly almost anywhere you want. Although the cards I think that provide the most value are the AMEX travel credit cards that build up AMEX travel points. This is simply because those points are transferable to many other travel reward programs, including Aeroplan. A card like the AMEX Cobalt or Gold card to me provides the best value.
We rock the TD Aeroplan card and love it. My wife's side hustle is as a travel agent so she racks them up fast, plus we travel quite a bit and my dad lives in Calgary so I'm there from Ontario a few times a year. It's like the card is built for us and I'm Iike you, TD is my go to after dealing with a few others and having more frustration than anything. Great video 👍
Why did you choose the aeroplan instead of first class travel from TD?
I use scotia amex. So much perks
Thanks Brandon!!
What do you think of AMEX cards
Amex aeroplan is better than TD. Earn point faster I think but most places don’t accept Amex lol
Amex have the best travel cards in the world. Not really close. Only downside is they cost quite a bit more. If you travel a descent amount throughout the year, it's usually worth it. Things like free access to first class lounges can really make the travel experience more pleasant and relaxing.
bro these are two of the most mediocre cards in Canada.
What do tiy suggest
@@hassu2149 Amex Cobalt
@@jabbs23 any tips of maximizing its rewards? I know everywhere doesn't take Amex but like it's worth switching grocery stores and stuff? Currently I have a simply proffered amex for 4% gas and 2% everything else. Might start shopping at frescho and food basics to get 4% grocery on it too...but I'm looking for some cards to pair it with
@@hassu2149 You can maximize rewards by using the fixed travel rewards program with Amex or switching the points at a 1:1 ratio with airlines points companies such as Aeroplan.
As for merchants, I'd say 9/10 stores i shop at accept Amex so no issues there other than major vendors such as Costco, but then again, they don't even take Visa. Loblaws also doesn't take Amex, but every other grocer i go to such as Metro and Walmart does.
Card also comes with mobile insurane, and great travel insurance. The rewards structure is really unbeatable in Canada. Check it out for yourself.
@@jabbs23 Thanks. Really appreciate the advice. Do you know if walmart supercenters get the 5x on it? Also, what's your backup/Secondary cards that you feel work well with the AMEX in your daily life to maximize rewards?
Travel reward points are a big waste as someone who has worked for a major bank. Just remember nothing comes free ever and there are always hidden fees we used to add in to rewards catelogues in to make them 'appear' as free money. Remember they make most of their money on swipe fees to merchants which in turn pass the cost back at you in the price. A number of countries also pass surcharges onto you as well if you travel. If you look closely at where you can fly to it's probably even better to use Skyscanner and you can usually find a much more better deal anyway and far cheaper and convient. I personally don't have credit cards anymore and just use the Koho reloadable card which you can still get a bit of cashback anyway. Remember nothing comes free in this world and if you think you are saving money using them I can assure you they make up the costs in other ways.
Can you establish and build credit with a Koho card?
First
Again!!!😀😀
I went for the Aeroplan card last year when my daughter was heading to university in Newfoundland. Getting free checked bags for her travel and for our visits was the clincher.
Canadian tire triangle card is the best gas card. 5% return. No annual fee. Free towing if something happens to your vehicle. 1.25% in store purchases. A great all around card.
5% only for gas purchase at Canadian Tire gas station I believe?