There are a few reasons why the Canadian cash back /
fixed value points cards line up well with US cards in terms of consumer offerings.
Also, just note that the Westjet card is
a fixed value points card and not a «Travel points» card as I have defined it in this article.
What you want is
a fixed value points card, which is not the focus of this article.
Not exact matches
If you exchanged your Chase Ultimate Rewards
points for cash to purchase the ticket, or if wanted to use
fixed -
value points worth one cent each — such as miles you can earn with the Capital One Venture
card — you would need 120,000
points to cover the whole trip.
Bank of America
card is a
fixed -
value point program.
You could, of course, use
points from a
fixed value travel
card that offers «travel credit» like the Barclaycard Arrival Plus, but booking through the Chase Ultimate Rewards portal is often just as good.
Then using a
fixed -
value card, you can redeem the
points for your accommodations expense.
Let's start at the easiest spot, and that is assigning a
value to credit
card points that already have an actual
fixed value.
The redemption
values are
fixed, so you'll either earn one cent per
point for cash or gift
cards, or 1.12 cents per
point toward travel.
Redeeming JetBlue
points for the highest
value after earning them with this
card is a little more challenging than on some other airlines, since there are no
fixed -
value awards for flight redemptions.
Points may be redeemed towards rewards that involve
fixed -
value travel rewards, gift
cards, or statement credits.
Bank of America
card is a
fixed -
value point program.
Points earned with the Barclays Apple
card have a
fixed value of one cent each when redeemed for cash back in the form of gift
cards.
When it comes to
cards offering
fixed -
value rewards, which are those that don't have transferrable
points or miles, it won't really make a difference.
If you are looking into
fixed -
value rewards
cards, earning
points or miles won't really make a difference.
While the
fixed - rate
cards offer the ultimate in flexibility because you can use
points for whatever travel you want, the flexible currency
cards can offer substantially more
value if you're shrewd when you redeem.
The redemption
values are
fixed, so you'll either earn one cent per
point for cash or gift
cards, or 1.12 cents per
point toward travel.
There are
fixed - rate
cards that allow you to redeem
points at a
fixed value for statement credits against travel expenses, such as the Discover it ® Miles
Card and the Barclaycard Arrival Plus ™ World Elite MasterCard ®.
Points have a
fixed value of 1 cent per
point, which is a plus for cardholders looking for a simple rewards
card.
Everyone else says their
card earns miles, but in reality
Fixed Value cards earn proprietary
points which are worth around 1 cent per
point.
The Chase Sapphire Preferred ®
Card earns Ultimate Rewards
points which can be used liked
fixed value points for statement credits, etc..
The
points from any of htose
cards can be used to purchase any travel that is available, so your
points will have
fixed value and you wont be able to buy your business class tickets at a «discount».
The best
cards in the Canadian market are the ones that are «
Fixed Value Travel
Points» or «Cash Back»
cards.
I would classify that as a
Fixed Value Points credit card as it is not a travel points card (as I have define
Points credit
card as it is not a travel
points card (as I have define
points card (as I have defined it).
My suggestion would be to stick to cashback or
fixed -
value travel
points (that are pretty close to cash back)
cards.
However, they are very different from what I consider a «Travel
Points»
card because they simply give you rewards that have a
fixed dollar
value.
There are no
cards in Canada that specifically earn
points in a car rental company frequent renter program, so to earn rental car discounts would have to be through redeeming
fixed value rewards for those.
(See also: Best 5
Fixed Value Points & Rewards Credit
Cards in Canada Compared)
Redeeming JetBlue
points for the highest
value after earning them with this
card is a little more challenging than on some other airlines, since there are no
fixed -
value awards for flight redemptions.
Because Capital One works on a cashback or travel reimbursement - style reward system, rather than transferring
points to airline and hotel programs, the
value you get with this
card is
fixed.
The
points you earn with the QuicksilverOne
card have a
fixed value of one cent each when redeemed for cash back.
You do not earn airline miles with this
card, you earn
fixed -
value points (the aforementioned
points that act like money).
A cash back
card is a lot like a
fixed -
value points card: instead of getting one
point (worth one cent) for every dollar you spend, you simply get one cent back from every dollar you spend.
If you don't have much flexibility and aren't finding the flights you need to get home for the holidays with traditional airline miles, then turn to your credit
card points that can be used at a
fixed value toward travel.
But unlike
fixed -
value points cards, like the Discover It
card or Barclays Arrival Plus
card, or co-branded airline
cards, Ultimate Reward
points are flexible and more valuable since you are protected from hotel and airline devaluations.
That means 10,000
points will always be worth $ 100 in travel rewards (or cash rewards) with a
fixed value credit
card.
First, the
value of your
points will be
fixed at 1.25 cents for Chase Sapphire Preferred ®
Card and Ink Plus cardholders, so the number of
points required will rise with the price of the reservations.
Fixed value points credit
cards have the same redemption rate regardless of when you travel and how you travel.
A good example of a
fixed value points travel rewards
card is the Barclaycard Arrival Plus ® World Elite Mastercard ®.
A never ending debate when it comes to rewards credit
cards is «are
fixed value points or transferable
points are more valuable?»
Then using a
fixed -
value card, you can redeem the
points for your accommodations expense.
ThankYou
points earned with the Preferred
card have a somewhat
fixed value.
Points earned with the Barclays NFL
card have a
fixed value of one cent each when you redeem them for cash back in the form of statement credits.
I believe that based on the Canadian credit
card market in 2015, most Canadians would be best to earn cash back, or some sort of
fixed value return, rather than
points, for their credit
card spend.
For both these types of collectors, earning a
fixed value through a credit
card is much better than earning
points and miles.
Miles and
points - earning
cards will always have the advantage of having the potential of being much more valuable since miles /
points aren't a
fixed -
value currency and can fluctuate.
Like the US Bank FlexPerks Visa, this
card offers travel redemptions in
fixed tiers, so the amount of
value of your
points will depend entirely on the cost of the flights you redeem them for.
You can also redeem
points for travel at a
fixed value of 1.25 cents through portal with the Ink Preferred
card.
If you're only going to redeem for a
fixed value of 1 cent per
point — or even 1.25 cents per
point — you might as well skip having a premium credit
card and instead use a
card like Barclays Arrival Plus World Elite
card or the Fidelity Investment Rewards American Express, since either of those
cards will give you 2 cents per dollar spent on everything.
Even with a mix of regular 1x spend coupled with bonused spend ranging from 2x - 5x, depending on what you're putting on your credit
cards, it could make sense to use pay with
points instead of a 2x
fixed value or cash back credit
card.