Regular-Rate Platinum Credit Cards
Platinum Credit Cards Regular-Rate
A platinum credit card might be for you if: • You need a card with reward points or special insurance options
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Alterna Savings WorldPoints Low Fee MasterCard
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
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.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
✔
Not specified
500
12.99
14.99
14.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance.
29
Free
Points toward travel, merchandise and gift certificates
✔
15,000
1,000
21.994
21.994
N/A
$10 or 3%, whichever is greater
65
Free
1 Air Mile for every $10 spent at air miles sponsors; 1 Air Mile for every $15 spent everywhere else
Not specified
500
18.90
18.90
18.90
$10 or 3%, whichever is greater
120
25
70,0005
500
20.50
20.50
20.50
2% of the outstanding balance shown on your account statement, or $10.
$150 (additional options extra)
$50
Canadian Western Canadian Western Bank Platinum Plus MasterCard
$35,000 per household
500
9.99
11.99
11.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
Canadian Western Canadian Western Bank Platinum Plus MasterCard with WorldPoints
$35,000 per household
500
12.99
14.99
14.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
Redeem points toward travel, merchandise and gift certificates.
✔
Capital One Bank Capital One Aspire Travel Platinum MasterCard
Not specified
1,500
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
Free
Free
1 reward miles per $1 Reward miles redeemable for travel, cash, merchandise and gift cards. Plus 1,000 anniversary bonus reward miles every year
Capital One Bank Capital One Fusion Platinum Mastercard
Not specified
3,000
9.99
19.80
9.99
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
Free
Free
1 Reward Mile for $2 and a 5000 Reward Mile FPB included
Amex Bank of Canada American Express AIR MILES Platinum Credit Card ATB Financial Platinum Cash Rewards MasterCard
BMO Bank of Montreal BMO World Elite MasterCard
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
3
This is not a complete list of all rewards and benefits offered by credit card issuers. For more details about other rewards and benefits that are offered for additional fees, check with the credit card issuer.
Updated January 2012
Car Rental
Flight Delay
Baggage
✔
✔
✔
✔
✔
Earn 3% cash back on your everyday purchases, and 1% cash back on everything else. Your cash rebate cheque will be credited to you every February.
✔
✔
✔
BMO Elite Rewards
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
1
Medical
Purchase Protection and Extended Warranty
✔
✔
✔
This option is offered for an additional fee.
4
If you have missed making a payment, the applicable rate is 21.99% and/or 25.99%.
5
Recommended minimum income.
✔
✔
This option is included in the annual card fee.
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
Medical
Car Rental
Capital One Bank Capital One Aspire Cash Platinum MasterCard
Not specified
1,500
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
Free
Free
1% cash back on all purchases. Plus 20% extra cash rewards every year
✔
Capital One Bank Capital One Aspire Cash World MasterCard
Not specified
5,000
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
1.5% cash back on all purchases. 20% extra cash rewards every year
✔
✔
✔
✔
Capital One Bank Capital One Aspire Travel World MasterCard
Not specified
50,000
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
2 reward miles per $1 Reward miles redeemable for travel, cash, merchandise and gift cards. Plus 10,000 anniversary bonus reward miles every year
✔
✔
✔
Capital One Bank Capital One Delta SkyMiles World MasterCard
Not specified
5,000
19.80
19.80
19.80
Greater of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
49
2 reward miles per $1. Reward miles redeemable for travel, cash, merchandise and gift cards.
✔
✔
Capital One Bank Capital One Priority Club Rewards Platinum MasterCard
Not specified
1,500
19.80
19.80
19.80
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
2 points per $1 in purchases at hotels in the InterContinental Hotels Group (IHG). 1 points per $1 for all other purchases.
✔
Capital One Bank Capital One Priority Club Rewards World MasterCard
Not specified
5,000
19.80
19.80
19.80
Greater of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
5 points per $1 in purchases at hotels in the InterContinental Hotels Group (IHG). 2 points per $1 for all other purchases.
CIBC Aerogold VISA Infinite Card
60,0004
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
120
50
Aeroplan Miles
✔
Baggage
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔5
✔6
✔
✔
✔
This option is offered for an additional fee.
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
4
Or minimum household income of $100,000.
5
Trip cancellation is optional; Trip interruption is included.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
6
The maximum duration of the coverage is 15 days for travellers who are under 65.
3
This is not a complete list of all rewards and benefits offered by credit card issuers. For more details about other rewards and benefits that are offered for additional fees, check with the credit card issuer.
Updated January 2012
Flight Delay
✔
✔
1
Purchase Protection and Extended Warranty
✔
This option is included in the annual card fee.
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
Medical
Purchase Protection and Extended Warranty
Car Rental
Flight Delay
Baggage
CIBC Aventura VISA Infinite Card
60,0004
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
120
50
Points toward travel, merchandise and donations.
✔
✔5
✔6
✔
✔
✔
CIBC Aventura World MasterCard
$70,000 (or $120,000 for the household)
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
120
50
Points towards travel, merchandise, donations and gift cards.
✔
✔
✔
✔
✔
✔
CIBC CIBC Platinum VISA Card
15,000
500
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
Free
Free
✔
✔
✔
✔
CIBC Dividend Unlimited World MasterCard
$70,000 (or $120,000 for the household)
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
79
30
Up to 2% cash back
✔
✔
✔
✔
✔
✔
✔
CIBC Dividend VISA Infinite Card
60,0004
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
79
30
Up to 2% cash back.
✔
✔5
✔6
✔
✔
✔
✔
Coast Capital Savings Coast VISA Desjardins Platinum
75,000
5,000
9.90
9.90
9.90
$10 or 3%, whichever is greater
169
50
Earn 1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.7
✔
✔
✔
✔
✔
✔
✔
CUETS Financial Platinum Class MasterCard
Not specified
7,500
19.498
19.49
19.49
$10 or 3%, whichever is greater
150
40
2 Platinum CLASS REWARDS points for every $1 charged for retail purchases
✔
✔
✔
✔
✔
✔
JPMorgan Chase Bank NA Marriott Rewards Platinum VISA
Not specified
None
19.999
19.99
19.99
$10 or 1% + interest + over credit limit fee, whichever is greater10
75
Free
Reward points can be used for free night hotel stays, certificates towards merchandise, sports or leisure activities or converted to airline miles
MBNA Canada Bank MBNA TrueLine
35,000 per household
500
9.99
9.99
9.99
1 % of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance.
0
0
✔
✔
✔
MBNA Canada Bank Platinum Plus MasterCard
35, 000 per household
500
17.99
19.99
0% for 10 months; 19.99% thereafter
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
✔
✔
✔
✔ 1
✔
✔
✔
✔
This option is offered for an additional fee.
✔
✔
This option is included in the annual card fee.
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
6
The maximum duration of the coverage is 15 days for travellers who are under 65.
7
One percent of net purchases exceeding $20,000 will be credited to your VISA account on your account anniversary date, to a maximum of $800 per year.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
8
If you have missed making a payment, the applicable rate is 19.49 + 5% (Cap of 23.99%).
3
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.
9
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item.
10
Plus any low interest payment program obligations, insurance premium, past due amount and over limit amount.
4
Or minimum household income of $100,000.
5
Trip cancellation is optional; Trip interruption is included.
Updated January 2012
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
Medical
Purchase Protection and Extended Warranty
Car Rental
Flight Delay
Baggage
MBNA Canada Bank PremierRewards Platinum Plus MasterCard
35, 000 per household
500
19.99
19.99
19.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
Cash back on purchases
✔
✔
✔
✔
✔
MBNA Canada Bank WorldPoints Platinum Plus MasterCard
35, 000 per household
500
19.99
19.99
19.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
29
Free
Points toward travel, merchandise and gift certificates
✔
✔
✔
✔
✔
National Bank Platinum MasterCard
Not specified
1,000
19.50
19.50
19.50
$10 or 3%, whichever is greater
125
Free
$1 = 1.50 points. Points toward travel, merchandise or gift certificates at selected merchants
✔
✔
North Shore Credit Union CUETS Platinum Class MasterCard
Not specified
7,500
19.49
19.49
1% of amount transferred, min $7.50
$10 or 3%, whichever is greater
150
40
✔
✔
Prospera Credit Union Platinum VISA Desjardins
75,000
5,000
9.90
9.90
9.90
$10 or 5%, whichever is greater
169
50
RBC Royal Bank British Airways VISA Platinum
35,000
5,000
20.50
20.50
20.50
$10 + fees + interest or outstanding balance, whichever is less
165 (145 for 65 yrs. and over)
RBC Royal Bank Cathay Pacific VISA Card
35,000
1,000
20.50
20.50
20.50
$10 + fees + interest or outstanding balance, whichever is less
RBC Royal Bank VISA Infinite (Offered to private banking clients)
250,000
20,000
20.50
20.50
20.50
RBC Royal Bank VISA Infinite Avion
60,000
5,000
19.99
19.99
19.99
✔
✔
✔
✔
✔
✔
✔
1% of your purchases (2% of your purchases with foreign currency) in BONUSDOLLARS. 1% annual Cashback also available.4
✔
✔
✔
✔
✔
✔
✔
75 (55 for 65 yrs. and over)
Avios Miles redeemed for travel on British Airways and One World Alliance. Earn 1 point per dollar on purchases and 2 point per dollar on British Airways purchases. 15,000 bonus points upon approval.
✔
✔
✔
✔
✔
✔
150 (130 for 65 yrs. and over)
75 (55 for 65 yrs. and over)
Asia Miles redeemed for travel on Cathay and One World Alliance. Earn 1 Asia mile per dollar on purchases and 2 Asia miles per dollar on Cathay purchases. 15,000 bonus points upon approval.
✔
✔
✔
✔
✔
✔
$10 + fees + interest or outstanding balance, whichever is less
3995
1495
Points toward travel, merchandise, gift certificates/cards, RBC Financial™ rewards or charitable donations6
✔
✔
✔
✔
✔
✔
✔
$10 + fees + interest or outstanding balance, whichever is less
120
50
Points toward travel, merchandise, gift certificates/cards, RBC Financial™ rewards or charitable donations6
✔
✔7
✔
✔
✔
✔
✔
✔ 1
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
3
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.
4
Get a 1% cash-back on net purchases exceeding C$20,000 per year. 1% cashback will be credited to your account on the account anniversary date (maximum $800/year).
Updated January 2012
This option is offered for an additional fee.
✔
✔
This option is included in the annual card fee.
5
If sold to a non-private banking client, the first card costs $599 and additional cards costs $249.
6
RBC Financial™ Rewards is a suite of RBC Royal Bank lending and investing vouchers. RBC Rewards points can be redeemed to pay down a RBC Mortgage, a RBC Homeline Plan, a RBC Royal Creditline, or a RBC Personal loan faster. RBC Rewards points can also be redeemed toward a Registered Retirement Savings Plan (RRSP) or a Registered Education Savings Plan (RESP) with the Royal Bank of Canada, RBC Dominion Securities Inc. or RBC Direct Investing Inc.
7
Trip interruption only. Trip Cancellation not included.
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
RBC Royal Bank VISA Platinum
35,000
1,000
19.99
19.99
19.99
$10 + fees + interest or outstanding balance, whichever is less
Free
Free
RBC Royal Bank VISA Platinum Avion
Not specified
1,000
19.99
19.99
19.99
$10 + fees + interest or outstanding balance, whichever is less
120
50
RBC Royal Bank Westjet RBC World MasterCard
$120,000 Household or $70,000 individual
1,000
19.99
19.99
19.99
$10 + fees + interest or outstanding balance, whichever is less
79
Scotiabank Scotiabank Scotia Momentum Infinite VISA card
$60,000 Individual/ $100,000 Household
5,000
19.99
21.99
21.99
$10 or 2% whichever is greater
TD Canada Trust TD First Class Travel VISA Infinite
$60,000 (or $100,000 household income)
5,0006
19.99
21.50
21.50
35,000
5,000
19.99
21.50
21.50
TD Canada Trust TD Platinum Travel VISA
Medical
Car Rental
Flight Delay
Baggage
✔
✔
Points toward travel, merchandise, gift certificates, RBC Financial™ rewards or charitable donations4
✔
✔
✔
✔
✔
39
Earn 1.5% in Westjet dollars on net purchases to be redeemed for Westjet flights and vacations. Earn 2% in Westjet dollars on Westjet purchases.
✔
✔
✔
✔
✔
99
30
Up to 4% cashback
$10 plus interest and fees
120
50
TD points toward travel: $1 spent = 3 Points $20,000 charged to the Card = 60,000 Points = $300 in travel savings.
✔
$10 plus interest and fees
99
50
TD points toward travel: $1 spent = 3 Points $20,000 charged to the Card = 60,000 Points = $300 in travel savings.
✔
1
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
3
This is not a complete list of all rewards and benefits offered by credit card issuers. For more details about other rewards and benefits that are offered for additional fees, check with the credit card issuer.
✔5
✔
✔
✔
✔
Updated January 2012
Trip Cancel. and/or Interrup.
Purchase Protection and Extended Warranty
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
This option is offered for an additional fee.
✔
This option is included in the annual card fee.
4
RBC Financial™ Rewards is a suite of RBC Royal Bank lending and investing vouchers. RBC Rewards points can be redeemed to pay down a RBC Mortgage, a RBC Homeline Plan, a RBC Royal Creditline, or a RBC Personal loan faster. RBC Rewards points can also be redeemed toward a Registered Retirement Savings Plan (RRSP) or a Registered Education Savings Plan (RESP) with the Royal Bank of Canada, RBC Dominion Securities Inc. or RBC Direct Investing Inc.
5
Trip interruption only. Trip Cancellation not included.
6
No pre-set spending limit.
How You Can Reach Us Financial Consumer Agency of Canada 427 Laurier Ave. West 6th Floor, Enterprise Building Ottawa ON K1R 1B9
1-866-461-3222 1-866-914-6097 1-866-814-2224 www.fcac.gc.ca
Telephone (toll-free): TTY (toll-free): Fax (toll-free): Web site: E-mail General inquiries: Publications:
[email protected] [email protected]
© Her Majesty the Queen in Right of Canada (Financial Consumer Agency of Canada)
A platinum credit card might be for you if: • You need a card with reward points or special insurance options
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Alterna Savings WorldPoints Low Fee MasterCard
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
✔
Not specified
500
12.99
14.99
14.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance.
29
Free
Points toward travel, merchandise and gift certificates
✔
15,000
1,000
21.994
21.994
N/A
$10 or 3%, whichever is greater
65
Free
1 Air Mile for every $10 spent at air miles sponsors; 1 Air Mile for every $15 spent everywhere else
Not specified
500
18.90
18.90
18.90
$10 or 3%, whichever is greater
120
25
70,0005
500
20.50
20.50
20.50
2% of the outstanding balance shown on your account statement, or $10.
$150 (additional options extra)
$50
Canadian Western Canadian Western Bank Platinum Plus MasterCard
$35,000 per household
500
9.99
11.99
11.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
Canadian Western Canadian Western Bank Platinum Plus MasterCard with WorldPoints
$35,000 per household
500
12.99
14.99
14.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
Redeem points toward travel, merchandise and gift certificates.
✔
Capital One Bank Capital One Aspire Travel Platinum MasterCard
Not specified
1,500
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
Free
Free
1 reward miles per $1 Reward miles redeemable for travel, cash, merchandise and gift cards. Plus 1,000 anniversary bonus reward miles every year
Capital One Bank Capital One Fusion Platinum Mastercard
Not specified
3,000
9.99
19.80
9.99
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
Free
Free
1 Reward Mile for $2 and a 5000 Reward Mile FPB included
Amex Bank of Canada American Express AIR MILES Platinum Credit Card ATB Financial Platinum Cash Rewards MasterCard
BMO Bank of Montreal BMO World Elite MasterCard
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
3
This is not a complete list of all rewards and benefits offered by credit card issuers. For more details about other rewards and benefits that are offered for additional fees, check with the credit card issuer.
Updated January 2012
Car Rental
Flight Delay
Baggage
✔
✔
✔
✔
✔
Earn 3% cash back on your everyday purchases, and 1% cash back on everything else. Your cash rebate cheque will be credited to you every February.
✔
✔
✔
BMO Elite Rewards
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
1
Medical
Purchase Protection and Extended Warranty
✔
✔
✔
This option is offered for an additional fee.
4
If you have missed making a payment, the applicable rate is 21.99% and/or 25.99%.
5
Recommended minimum income.
✔
✔
This option is included in the annual card fee.
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
Medical
Car Rental
Capital One Bank Capital One Aspire Cash Platinum MasterCard
Not specified
1,500
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
Free
Free
1% cash back on all purchases. Plus 20% extra cash rewards every year
✔
Capital One Bank Capital One Aspire Cash World MasterCard
Not specified
5,000
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
1.5% cash back on all purchases. 20% extra cash rewards every year
✔
✔
✔
✔
Capital One Bank Capital One Aspire Travel World MasterCard
Not specified
50,000
Prime + 16.8%
Prime + 16.8%
Prime + 16.8%
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
2 reward miles per $1 Reward miles redeemable for travel, cash, merchandise and gift cards. Plus 10,000 anniversary bonus reward miles every year
✔
✔
✔
Capital One Bank Capital One Delta SkyMiles World MasterCard
Not specified
5,000
19.80
19.80
19.80
Greater of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
49
2 reward miles per $1. Reward miles redeemable for travel, cash, merchandise and gift cards.
✔
✔
Capital One Bank Capital One Priority Club Rewards Platinum MasterCard
Not specified
1,500
19.80
19.80
19.80
Greatest of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
2 points per $1 in purchases at hotels in the InterContinental Hotels Group (IHG). 1 points per $1 for all other purchases.
✔
Capital One Bank Capital One Priority Club Rewards World MasterCard
Not specified
5,000
19.80
19.80
19.80
Greater of - 1% of new balance + finance charges + 1/12th of Annual Membership Fee + any amount past due Any balance above the credit limit - $10 (or total balance if less than $10)
120
Free
5 points per $1 in purchases at hotels in the InterContinental Hotels Group (IHG). 2 points per $1 for all other purchases.
CIBC Aerogold VISA Infinite Card
60,0004
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
120
50
Aeroplan Miles
✔
Baggage
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔5
✔6
✔
✔
✔
This option is offered for an additional fee.
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
4
Or minimum household income of $100,000.
5
Trip cancellation is optional; Trip interruption is included.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
6
The maximum duration of the coverage is 15 days for travellers who are under 65.
3
This is not a complete list of all rewards and benefits offered by credit card issuers. For more details about other rewards and benefits that are offered for additional fees, check with the credit card issuer.
Updated January 2012
Flight Delay
✔
✔
1
Purchase Protection and Extended Warranty
✔
This option is included in the annual card fee.
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
Medical
Purchase Protection and Extended Warranty
Car Rental
Flight Delay
Baggage
CIBC Aventura VISA Infinite Card
60,0004
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
120
50
Points toward travel, merchandise and donations.
✔
✔5
✔6
✔
✔
✔
CIBC Aventura World MasterCard
$70,000 (or $120,000 for the household)
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
120
50
Points towards travel, merchandise, donations and gift cards.
✔
✔
✔
✔
✔
✔
CIBC CIBC Platinum VISA Card
15,000
500
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
Free
Free
✔
✔
✔
✔
CIBC Dividend Unlimited World MasterCard
$70,000 (or $120,000 for the household)
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
79
30
Up to 2% cash back
✔
✔
✔
✔
✔
✔
✔
CIBC Dividend VISA Infinite Card
60,0004
5,000
19.99
21.50
21.50
Greater of $10 or 2.1% (plus the greater of overlimit or past due amount)
79
30
Up to 2% cash back.
✔
✔5
✔6
✔
✔
✔
✔
Coast Capital Savings Coast VISA Desjardins Platinum
75,000
5,000
9.90
9.90
9.90
$10 or 3%, whichever is greater
169
50
Earn 1% of domestic purchases and 2% of purchases made in other currencies as BONUSDOLLARS. Also includes a 1% annual cash back program.7
✔
✔
✔
✔
✔
✔
✔
CUETS Financial Platinum Class MasterCard
Not specified
7,500
19.498
19.49
19.49
$10 or 3%, whichever is greater
150
40
2 Platinum CLASS REWARDS points for every $1 charged for retail purchases
✔
✔
✔
✔
✔
✔
JPMorgan Chase Bank NA Marriott Rewards Platinum VISA
Not specified
None
19.999
19.99
19.99
$10 or 1% + interest + over credit limit fee, whichever is greater10
75
Free
Reward points can be used for free night hotel stays, certificates towards merchandise, sports or leisure activities or converted to airline miles
MBNA Canada Bank MBNA TrueLine
35,000 per household
500
9.99
9.99
9.99
1 % of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance.
0
0
✔
✔
✔
MBNA Canada Bank Platinum Plus MasterCard
35, 000 per household
500
17.99
19.99
0% for 10 months; 19.99% thereafter
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
✔
✔
✔
✔ 1
✔
✔
✔
✔
This option is offered for an additional fee.
✔
✔
This option is included in the annual card fee.
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
6
The maximum duration of the coverage is 15 days for travellers who are under 65.
7
One percent of net purchases exceeding $20,000 will be credited to your VISA account on your account anniversary date, to a maximum of $800 per year.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
8
If you have missed making a payment, the applicable rate is 19.49 + 5% (Cap of 23.99%).
3
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.
9
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item.
10
Plus any low interest payment program obligations, insurance premium, past due amount and over limit amount.
4
Or minimum household income of $100,000.
5
Trip cancellation is optional; Trip interruption is included.
Updated January 2012
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
Trip Cancel. and/or Interrup.
Medical
Purchase Protection and Extended Warranty
Car Rental
Flight Delay
Baggage
MBNA Canada Bank PremierRewards Platinum Plus MasterCard
35, 000 per household
500
19.99
19.99
19.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
Free
Free
Cash back on purchases
✔
✔
✔
✔
✔
MBNA Canada Bank WorldPoints Platinum Plus MasterCard
35, 000 per household
500
19.99
19.99
19.99
1% of the balance (excluding any new interest charges) + all new interest charges. If your balance is less than $15, the minimum payment will equal the balance
29
Free
Points toward travel, merchandise and gift certificates
✔
✔
✔
✔
✔
National Bank Platinum MasterCard
Not specified
1,000
19.50
19.50
19.50
$10 or 3%, whichever is greater
125
Free
$1 = 1.50 points. Points toward travel, merchandise or gift certificates at selected merchants
✔
✔
North Shore Credit Union CUETS Platinum Class MasterCard
Not specified
7,500
19.49
19.49
1% of amount transferred, min $7.50
$10 or 3%, whichever is greater
150
40
✔
✔
Prospera Credit Union Platinum VISA Desjardins
75,000
5,000
9.90
9.90
9.90
$10 or 5%, whichever is greater
169
50
RBC Royal Bank British Airways VISA Platinum
35,000
5,000
20.50
20.50
20.50
$10 + fees + interest or outstanding balance, whichever is less
165 (145 for 65 yrs. and over)
RBC Royal Bank Cathay Pacific VISA Card
35,000
1,000
20.50
20.50
20.50
$10 + fees + interest or outstanding balance, whichever is less
RBC Royal Bank VISA Infinite (Offered to private banking clients)
250,000
20,000
20.50
20.50
20.50
RBC Royal Bank VISA Infinite Avion
60,000
5,000
19.99
19.99
19.99
✔
✔
✔
✔
✔
✔
✔
1% of your purchases (2% of your purchases with foreign currency) in BONUSDOLLARS. 1% annual Cashback also available.4
✔
✔
✔
✔
✔
✔
✔
75 (55 for 65 yrs. and over)
Avios Miles redeemed for travel on British Airways and One World Alliance. Earn 1 point per dollar on purchases and 2 point per dollar on British Airways purchases. 15,000 bonus points upon approval.
✔
✔
✔
✔
✔
✔
150 (130 for 65 yrs. and over)
75 (55 for 65 yrs. and over)
Asia Miles redeemed for travel on Cathay and One World Alliance. Earn 1 Asia mile per dollar on purchases and 2 Asia miles per dollar on Cathay purchases. 15,000 bonus points upon approval.
✔
✔
✔
✔
✔
✔
$10 + fees + interest or outstanding balance, whichever is less
3995
1495
Points toward travel, merchandise, gift certificates/cards, RBC Financial™ rewards or charitable donations6
✔
✔
✔
✔
✔
✔
✔
$10 + fees + interest or outstanding balance, whichever is less
120
50
Points toward travel, merchandise, gift certificates/cards, RBC Financial™ rewards or charitable donations6
✔
✔7
✔
✔
✔
✔
✔
✔ 1
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
3
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.
4
Get a 1% cash-back on net purchases exceeding C$20,000 per year. 1% cashback will be credited to your account on the account anniversary date (maximum $800/year).
Updated January 2012
This option is offered for an additional fee.
✔
✔
This option is included in the annual card fee.
5
If sold to a non-private banking client, the first card costs $599 and additional cards costs $249.
6
RBC Financial™ Rewards is a suite of RBC Royal Bank lending and investing vouchers. RBC Rewards points can be redeemed to pay down a RBC Mortgage, a RBC Homeline Plan, a RBC Royal Creditline, or a RBC Personal loan faster. RBC Rewards points can also be redeemed toward a Registered Retirement Savings Plan (RRSP) or a Registered Education Savings Plan (RESP) with the Royal Bank of Canada, RBC Dominion Securities Inc. or RBC Direct Investing Inc.
7
Trip interruption only. Trip Cancellation not included.
Regular-Rate Platinum Credit Cards Issuer / Name of Card
Minimum Personal Income Required ($)
Minimum Credit Limit ($)
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
Annual Interest Rate Purchases (%)1
Cash Advances (%)2
Balance Transfers (%)2
Minimum Payment ($ or % of outstanding balance)
Annual Fees First Card ($)
Extra Cards ($)
Rewards and Benefits3 Reward Program
Travel Insurance
Accident
RBC Royal Bank VISA Platinum
35,000
1,000
19.99
19.99
19.99
$10 + fees + interest or outstanding balance, whichever is less
Free
Free
RBC Royal Bank VISA Platinum Avion
Not specified
1,000
19.99
19.99
19.99
$10 + fees + interest or outstanding balance, whichever is less
120
50
RBC Royal Bank Westjet RBC World MasterCard
$120,000 Household or $70,000 individual
1,000
19.99
19.99
19.99
$10 + fees + interest or outstanding balance, whichever is less
79
Scotiabank Scotiabank Scotia Momentum Infinite VISA card
$60,000 Individual/ $100,000 Household
5,000
19.99
21.99
21.99
$10 or 2% whichever is greater
TD Canada Trust TD First Class Travel VISA Infinite
$60,000 (or $100,000 household income)
5,0006
19.99
21.50
21.50
35,000
5,000
19.99
21.50
21.50
TD Canada Trust TD Platinum Travel VISA
Medical
Car Rental
Flight Delay
Baggage
✔
✔
Points toward travel, merchandise, gift certificates, RBC Financial™ rewards or charitable donations4
✔
✔
✔
✔
✔
39
Earn 1.5% in Westjet dollars on net purchases to be redeemed for Westjet flights and vacations. Earn 2% in Westjet dollars on Westjet purchases.
✔
✔
✔
✔
✔
99
30
Up to 4% cashback
$10 plus interest and fees
120
50
TD points toward travel: $1 spent = 3 Points $20,000 charged to the Card = 60,000 Points = $300 in travel savings.
✔
$10 plus interest and fees
99
50
TD points toward travel: $1 spent = 3 Points $20,000 charged to the Card = 60,000 Points = $300 in travel savings.
✔
1
If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
2
Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
3
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.
✔5
✔
✔
✔
✔
Updated January 2012
Trip Cancel. and/or Interrup.
Purchase Protection and Extended Warranty
✔
✔
✔
✔
✔
✔
✔
✔
✔
✔
This option is offered for an additional fee.
✔
This option is included in the annual card fee.
4
RBC Financial™ Rewards is a suite of RBC Royal Bank lending and investing vouchers. RBC Rewards points can be redeemed to pay down a RBC Mortgage, a RBC Homeline Plan, a RBC Royal Creditline, or a RBC Personal loan faster. RBC Rewards points can also be redeemed toward a Registered Retirement Savings Plan (RRSP) or a Registered Education Savings Plan (RESP) with the Royal Bank of Canada, RBC Dominion Securities Inc. or RBC Direct Investing Inc.
5
Trip interruption only. Trip Cancellation not included.
6
No pre-set spending limit.
How You Can Reach Us Financial Consumer Agency of Canada 427 Laurier Ave. West 6th Floor, Enterprise Building Ottawa ON K1R 1B9
1-866-461-3222 1-866-914-6097 1-866-814-2224 www.fcac.gc.ca
Telephone (toll-free): TTY (toll-free): Fax (toll-free): Web site: E-mail General inquiries: Publications:
[email protected] [email protected]
© Her Majesty the Queen in Right of Canada (Financial Consumer Agency of Canada)
