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Credit cards

Wolverine17

VIP Member
Mar 28, 2016
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Which banks offer the best packages for new comers?is the interest rates fixed in all banks?and is there any banks that offer extra benefits like points to you use or miles to claim when travelling etc?
 

steaky

VIP Member
Nov 11, 2008
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Job Offer........
Pre-Assessed..
There will be an annual fee for credit cards that offers points conversion to frequent flyers programs.
 

BC4life

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Nov 5, 2015
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Toronto, ON
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06-10-2016
AOR Received.
07-12-2016
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The best credit cards may come with annual fees or require a certain level of income. Most banks have just basic cards, with 0.5 to 1% cashback or rewards.

Interest rates on savings accounts are low although you may get 2-3% with some of the online banks (Alterna Bank, EQ Bank, Simplii, Tangerine). However my advice at the beginning is just to find a large bank that is close to your home to get their newcomer package and get started. Once you are more established and earning income, you will have all the time to look into other alternatives.
 
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sarandsp

Star Member
May 18, 2017
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2133
App. Filed.......
31-05-2017
Which banks offer the best packages for new comers?is the interest rates fixed in all banks?and is there any banks that offer extra benefits like points to you use or miles to claim when travelling etc?
I recomment CIBC. Because it is economical. Bank account cost is variable between 4.95 and 14.95 per month (zero when you maintain 3000). Cash back Credit card with 1500 limit is annual free charges.

TD opens all 7 days. Account Monthly charges is 10 to 30 based on the account (can be waived if you maintain 2000 to 4000). Cashback credit card with 1500 limit is free of annual charge.

For newcomers, Scotia bank offers 3000 limit credit card. RBC offers 2000 limit credit card.
 
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