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Premier Rewards

Posted on October 5th, 2010 | admin

Premier Rewards Credit Card for Canadians

The PremierRewards credit card is a Canadian credit card from MBNA and is one of the few Canadian credit cards which gives a reward for use. This credit card gives a 1% cashback reward on every dollar spent on the card, even bills. The cashback is then applied to your balance every January, so you can watch your credit card balance melt away with no effort on your part. This is one of the few cards for Canadians which actually offers a reward and the only one which offers one like this, so it’s well worth considering.

There are two perks of the PremierRewards credit card. One if obviously the 1% cashback reward that gets put towards paying down the balance of your card every January. You get a base 1% on every purchase you make on your credit card; gas, food, clothing, hotels, even paying the phone bill! There is no keeping track of categories and no worrying about losing your reward just because you fell back a bit; indeed, you can use this cash back to help pay back your credit card, so if you end up carrying a bit of a balance, you may see it disappear come January. There is no limit on how much you can spend, nor how much money you can get back to your account, so there really is nothing to keep track of and it’s simple to use.

The other benefit of this credit card is that it has a maximum credit limit of $100,000 which is a very high limit for a Canadian credit card. It also has many other benefits befitting a platinum level credit card such as fraud protection, 24 hour customer service, and access to over four hundred thousand ATMs across the world. This card is also accepted in thousands of places, so it’s easy to use and gather up rewards.

The PremierRewards Credit Card has no annual fee and an APR of 19.99% and a balance transfer fee of 1% of the balance being transferred. There is also no introductory period yet, but the 19.99% interest rate is fixed, which is nice for anyone who worries about an uneven market rate. The rest of the fees for things like cash advances are the standard 1% of the amount taken or $7.50, whichever is more.

The PremierRewards credit card is ideal for anyone who wants a solid Canadian credit card with an easy to manage rewards system. Everything about this card is very simple, direct, and easy to manage, so it’s perfect for anyone who just wants to be able to use it and not think about it beyond paying down the balance.

You can apply for the Premier Rewards Credit Card from MBNA here:

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