I’ve decided it’s time I start collecting and keeping my thoughts on this blog about credit cards. I’m always on the look out for good deals. Typically I like credit cards with no annual fee (or waived fees) that offer great perks.
Currently I’ve got the PC Financial World Elite Mastercard for all of our grocery needs, the RBC Cash Back card for 3c off gasoline at Petro-Canada stations and the TD First Class Visa Infinite as I do all my day to day banking with TD.
As we love to travel and I do some travelling for work, I’ve been trying to determine if getting something like the Marriott Bonvoy American Express Card would be a good idea. Typically I’m a bigger fan of getting the lowest price deal at a hotel but with a family in tow I’m starting to lean towards being a more loyal member and racking up the perks.
The Marriott Bonvoy American Express comes with the following:
- Annual Fee of $120 (we’re off to a bad start for a guy that prefers no annual fees, but let’s keep looking)
- 60,000 welcome points after spending $1500 in the first 3 months
- One annual free night reward after your anniversary each year, valued at 35,000 points or roughly $140
- Complimentary Marriott Bonvoy Silver Elite
- Marriott Bonvoy Gold Elite status after 30K annual spend
- 15 Elite Night Credits each calendar year to apply against your Marriott Bonvoy Status
So the annual fee of $120 would balance itself out after you cash in on the annual free night and the 60,000 welcome points is the equivalent of a few hundred dollars. So far this card is looking pretty good.
Here are some other benefits:
- Earn 5 points for every $1 in eligible Card purchases at participating Marriott Bonvoy properties
- Earn 2 points for every $1 in all other Card Purchases
- Travel Emergency Assistance
- $500,000 Travel Accident Insurance
- Car theft and damage insurance
- Flight Delay Insurance
- Lost of Stolen Baggage Insurance
- Hotel/Motel Burglary Insurance
There are some other fringe benefits (Entertainment Access, Shopping Coverage, World Class Service) but they don’t appeal to as a much. What I didn’t see is any Travel Medical Insurance. One of the benefits of my TD First Class Visa Infinite is that I get free travel medical at no added cost, roughly $150 value.
This card seems great but doesn’t quite hit all the check marks.
I’ve got another credit card in mind that I want to compare before I make any decisions of what to get.
What cards do you have in your wallet?