Amazon Canada Rewards MasterCard Fails to Attract Customers

Amazon Canada Rewards Credit Card Review

If you find this review or any other review on AhmedDawn.com or YouTube.com/ADawn different than 99% of other sites online, you got that right. The reason being, those other sites are working for the credit card companies, selling credit cards, and making money off you by providing affiliated links and dishonest, sugarcoated information.

My reviews are non-affiliated, unbiased and honest and I do not accept money or work for credit companies.

Amazon Canada recently launched a credit card issued by MBNA TD bank. There were lots of expectations, but this card failed to meet them. If you remember the old Amazon Chase Canada Visa Credit Card that was discontinued in early 2018, it was everyone’s favourite because of its zero foreign transaction fee feature.

The new Amazon Canada Rewards MasterCard offers 2 different rewards structures. If you are an Amazon Prime member, you get:

- 2.5% return on Amazon online and physical stores, such as Whole Food Markets, and 2.5% on foreign transactions.

- 1.5% return on everything else.

If you are a non-Prime member, you get:

- 1.5% return on Amazon online and physical stores and

- 1% return on everything else.

There are some other benefits, such as 90-day purchase assurance coverage, extended warranty, and trip interruption coverage.

It does not have any annual fee, points caps or expiration for points earned. Every 2,000 points earned will automatically give you a credit on your Amazon account for a $20 Amazon.ca gift card.

As you can see, the Amazon Canada Rewards Credit Card is a mediocre credit card that offers no value and there is no keep to make this card your daily card for any reason.

You can easily get a 4-5% return on Amazon purchases by purchasing gift cards (and using it on Amazon) from grocery stores with one of those cards that offer 4-5% return on groceries.

Although the Amazon Canada Rewards Credit gives 2.5% return on foreign transactions to offset foreign transaction fees for Prime Members, you will end up earning no additional returns on them. There are other credit cards that offer zero foreign transaction fee plus some returns. You can find these cards on my channel in the credit card section. 

Unfortunately, I cannot recommend this card to anyone, even if you are an Amazon Prime Member. Your best option to earn a higher rate on Amazon purchases would be to use a high-earning 4% to 5% card to buy Amazon gift cards from grocery stores and use them on Amazon.

You can watch my video on Amazon Canada Rewards Credit by visiting the link.

Leaked – Mega Changes Are Coming to the Scotiabank Gold American Express Card

Huge Changes for Scotia Gold Amex Card

Sites like Reddit had leaked about new updates coming to the Scotiabank Gold American Credit card starting August 1, 2019. If this leaked news is true, Scotia Gold Amex will be in direct competition with the American Express Cobalt credit card.

Today, I will briefly l discuss these changes (assuming the leaked information is true) and will provide my insights on the new (after changes) Scotia Gold Amex card.

Annual Fee

Annual will go up to $120 from $99. Additional card annual fee will not change and remains at $29.

Rewards Structure

Now: 4x Gas, Grocery, Dining, Entertainment | 1X Everything Else

Aug 1 Onward: 5X Grocery, Dining, Entertainment | 3X Gas, Daily Transit, Select Streaming |1X Everything else

Foreign Transaction Fees

Now: 2.5%

Aug 1 Onward: 0%

Travel Insurance Changes

Travel Emergency Medical: 65> age will lower from 10 days to 3 days.

Trip Cancellation/Trip Interruption: Amount will lower from $2,500 each to $1,500 each

Price Protection

This insurance will no longer be offered after August 1, 2019.

Everything else not mentioned above is not changing. As you can see, with these changes Scotia is trying to capture a significant chunk of the Canadian credit card market and they are expecting to grab a lot of Amex Cobalt customers.

One difference in points compared to Amex Cobalt is that Scotia Points are not convertible to Marriott Bonvoy (and then to 44 frequent-flyer program airline miles such as Aeroplan, Avios).

However, the Amex Cobalt Card does not provide as many benefits as the Scotiabank Gold Amex does. For example, Amex Cobalt does not offer concierge service, trip cancellation insurance, zero foreign currency fee, and many more.

In the past, the Amex Cobalt card was the only card in Canada that provided 5X rewards on some categories. Now that we have Scotia Gold Amex competing, plus it’s giving a lot more than Cobalt, consumers will have to take a hard look to decide which card to keep.

I do have an Amex Cobalt Card, but I haven’t decided yet whether to keep it or cancel it after August 1 and replace with Scotia Gold Amex.

I have a video on what I discussed above and you can watch it here: Changes Are Coming to the Scotiabank Gold American Express Credit Cards Another credit card which is changing also is the Scotia Momentum Visa Infinite. I will talk and video about this shortly.

CIBC Aventura Visa Infinite Credit Card Adding More Benefits

New CIBC Aventura Credit Card Benefits

As travel credit card competition is heating up, CIBC has refreshed its Aventura proprietary travel rewards points credit cards. These new benefits will kick in starting Oct 15, 2018. Although most of these benefits apply to both CIBC Aventura Visa Infinite and CIBC Aventura Visa Gold credit cards, the CIBC Aventura Visa Infinite is the better one as Aventura Gold is missing some insurance benefits. Both have a $120 annual fee.

New benefits that will apply:

- Priority Pass lounge membership with 4 free passes per year

- NEXUS application fee rebate every 5 years

- Enhanced trip cancellation insurance, hotel burglary insurance

- Mobile Device Insurance

I haven’t seen a feature like the NEXUS border entry application fee rebate in Canada before. You will get free lounge entrances with many other Canadian travel credit cards, but not for only a $120 annual fee. CIBC Aventura premium credit cards are definitely miles ahead, giving more benefits for only a $120 annual fee.

The CIBC Aventura Visa Infinite Credit Card could have been a perfect travel credit card, but it has its shortcomings. It does not offer zero foreign currency transaction fee (it charges 2.5% on foreign currency transactions) and its rewards structure is very poor.

The earn rate is proprietary 1.5 points at gas, grocery, and pharmacy and 1 point at everything else. So basically you are earning 1 to 1.5 percent, which is a very low earn rate.

CIBC Aventura Visa Credit Cards should not be your primary credit cards for everyday spending, but they’re definitely worth adding to your credit card portfolio for the features and benefits they’re offering.

I talk more about CIBC Aventura credit cards in the following video.

Refreshed CIBC Aventura Credit Card Benefits Dwarf Other Travel Credit Cards

The Type of Credit Card Revolution Brim Financial Wants Us to Join

Brim World Elite MasterCard

I just received my Brim World Elite MasterCard after a long wait and a lot of anticipation. I applied for this card 5 months ago in February and so much has happened in between.

Some people thought Brim was a scam collecting applicants’ information, some thought they would never be able to issue any credit cards, some were even asked by Brim to provide identity verification by a doctor or a lawyer – which I have never heard before.

And then we heard Brim was blocking some of the applicants on social media for asking about the status of their applications. It is hard to believe that a credit card company would block people asking legitimate questions.

A few other things raised questions about what type of revolution Brim wants us to join. Some of them are:

- Increasing annual fee from $120 to $199 for the World Elite even before issuing credit cards.

- Unlimited & Uncapped rewards have a cap at $25,000, after which earn rates get lower.

- Using its own foreign exchange rate for foreign transactions, instead of MasterCard’s published exchange rate.

- 0% interest install plan seems to exceed usual credit card 20% interest rate when you factor in Brim’s 7% admin fee + $4.75 monthly fee per $1000 of installment financing.

After looking at all these factors, I am going to have to say: thanks, but no thanks. I don’t want to join Brim’s twisted credit card revolution. I am not going to pay a $199 annual fee for my card beyond its 1st year.

I would rather pay an annual fee for cards that offer me value year after year, such as free lounge passes, free hotel night, or anything else offsetting the annual fee.

I have a full Brim Credit Card Unboxing and Review on my YouTube channel and I hope write a review on Ahmed Dawn Dot Com as well in the future.

MBNA Rewards World Elite MasterCard Devalues

Brutal Devaluation Coming to MBNA Rewards WE

A popular MBNA cash back credit card is going through a two-fold massive devaluation. Not only is the annual fee is increasing, but also its point redemption rates are being axed by TD.

Starting September 6, 2018, MBNA Rewards WE’s annual fee will be $120, up from $89. If that’s not bad enough, MBNA is decreasing the rewards rate of return on this card from a flat 2 percent to 1.67 percent starting February 1, 2019.

Currently each 100 points generates $1 cash back, giving the card a 2 percent flat return on all purchases because it earns 2 points per dollar spent. After the devaluation to generate $1 you would require 120 points.

However, for travel redemptions only, the devaluation does not kick in because you will still get 2 percent return or $1 for in that category.

Most MBNA Rewards cardholders use this card for the cash back feature, so after devaluation MBNA will lose a lot of its clients. MBNA is aware of that because it’s lowering its minimum points requirement to redeem points from 5,000 to 1,000 from September 1, 2018 to January 31, 2019.

Even if you use this card solely for travel redemptions, you should take a hard look after the devaluation because of the annual fee increase and this card has minimal insurances.

There are other cash back credit cards available that can replace MBNA Rewards World Elite MasterCard and even provides better benefits. I have discussed these cards and the MBNA devaluation in this video: Brutal Devaluation | MBNA Rewards World Elite MasterCard |

Since TD took over MBNA, they keep slashing rewards and benefits for most of that MBNA cards one by one, even including TD’s own travel rewards cards.

Because there are better options available, always look for something better to get the most out of your credit cards.