Among many credit cards that are available in the market, some of the cards are complimented with a suitable reward point program. Whereas it may seem to encourage or lure card holders to spend more to accumulate points in order to redeem against wide variety of discounted items, gadgets and even flight tickets not every card delivers the feel good that one may acquire by making smart purchases to earn more points.
But there are some cards which do bring smile and can also help you save approximately up to $700 a year. Let’s have a look at some of the cards or reward programs that are truly rewarding.
Optimum – Shoppers Drug Mart
Although not tied to credit card anymore. This reward program tops the list in Canada’s leading reward program. Anyone can join for FREE and Optimum program sends them a card and a key fob for collecting points when they buy anything from Shoppers Drug Mart®, Pharmaprix®, Shoppers on Campus®, MuraleTM, Shoppers Simply PharmacyTM, Pharmaprix Simply PharmacyTM and Shoppers Home Health Care® store locations.
It’s also available through Apple store and Google Playstore to download an application on your phone, which allows you to register your card and add weekly or monthly coupons directly on your card through app so you don’t have to print out the the coupons and present it at time of purchase.
As a part of membership you get weekly emails with coupons and instore promotions, if shopping is timed around those days it’s easy to accumulate upto 20X the value of transaction.
If you accumulate 95,000 points you can redeem it towards $170 in-store purchases.
If you think it’s going to take long, then on an average buying on their special bi weekly 20X points day you can on an average make 35,000 easily every month.
I purchased my PS4 PRO few weeks back redeeming my 95,000 points.
Petro-Points Reward
When it comes to reward programs for fuel purchases I have tried almost everything that is available in the market but Petro-Points by Petro-Canada has stood out to be the winner.
It’s easy to collect points on fuel purchases and you can also earn point on items purchased in the Petro-Canada gas stations. The best advantage I see is you can use those points purchases towards car wash or getting a fuel savings card.
You can also redeem your Petro-Points for a Fuel Savings Reward card in store. The cards give you 5¢ or 10¢ per litre off of 200 litres at participating Petro-Canada locations.
Petro-Points App allows you to keep track on your points and also Petro-Canada also tops up your account with bonus points if you
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Collect 1,000 points when you buy 100-149 L of fuel per month
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Collect 1,500 points when you buy 150-249 L of fuel per month
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Collect 2,000 points when you buy 250 L or more of fuel per month
Scotia Momentum® Visa Infinite* card
This award winning credit card has taken the first spot amongst hundreds of other credit cards available in Canadian Market. Their cash back reward program offers the highest cash back and you can get upto $300.
Cash Back Reward Program
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A full 4% cash back on all eligible gas station and grocery store purchases
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A full 2% cash back on all eligible recurring payments and drug store purchases
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A full 1% cash back on all other eligible purchases
This Card also covers card holder for:
Travel Emergency/ Medical Insurance
As soon as you leave your province or territory you’re automatically insured for up to $1 million in emergency medical coverage.
Trip Interruption Insurance
Charge at least 75% of your trip to card and get trip interruption insurance at no extra cost.
Flight Delay Insurance
Charge the full ticket cost and you’ll be reimbursed for food, hotel or other living expenses if your flight is delayed or you miss a connection.
Delayed and Lost Baggage Insurance
Charge your airplane, train, bus or cruise ship tickets to your card. If your checked luggage is delayed or lost – you’re covered.
Rental Car Collision/ Loss Damage Insurance
Charge the full cost of your rental to your card and you’re automatically insured if your rental is damaged or stolen.
Travel Accident Insurance
Charge at least 75% of your ticket cost to your card and you’re insured against accidental loss of life or dismemberment.
Make a purchase. Be protected
Charge the full cost of a new item to your card, and that item is insured worldwide against theft, loss or damage for 90 days.
Chai Hour 
Rewards Program Guru !
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Thank you Priyaa, don’t forget to share.
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This is really useful, Shiva. Thanks for researching it and rounding up the players. ~ Alison
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Thank you @Alison aka @Miss Jones I live and breath discounts and try to maximize my point accumulation by hunting the best deals and discount times… Quick tip.. you can get more points with two or more reward programs in one transaction ( for example if you have AIRMILES then go to AIRMILES page >partner page > clicking on partner links > will add cookies to the link for your purchase and you can accumulate both AIRMILES and say SEARS points as select partner).
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This is useful information. There is a lot of variance among the rewards and value offered.
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