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WhatBank – Credit Card Assumptions and Model Updates

Sometimes credit cards change how you accumulate points or cash back. This page shows if WhatBank’s credit card model is up to date as well as spending assumptions used by WhatBank to calculate a value for each card.

All Cards

  • Not using promotional interest rate for purchases


All AIRMILES Cards

  • If you select Statement Credit and an AIRMILES card is in the top five, assume the cash value is in the form of AIRMILES Cash Miles


AMEX

If you’re using AMEX cards for flights, WhatBank adds up your Membership Rewards and calculates the points value based on two methods.

  1. Using AMEX’s Fixed Points Travel Program

  2. Transferring the points to Aeroplan.


American Express Aeroplan

  • Model: up-to-date, revised September 23, 2022


American Express Aeroplan Reserve

  • Flights are purchased through Air Canada or Air Canada Vacations
  • Car rental and hotels are purchased directly with the merchant or through American Express Travel Services
  • Model: up-to-date, revised September 23, 2022


American Express AIR MILES

  • Model: up-to-date, revised June 11, 2022


American Express AIR MILES Platinum

  • Model: up-to-date, revised June 11, 2022


American Express AIR MILES Reserve

  • Model: up-to-date, revised July 15, 2022


American Express Cobalt

  • Model: up-to-date, revised June 11, 2022


American Express Essential

  • Model: up-to-date, revised June 11, 2022


American Express Essential

  • Model: up-to-date, revised June 11, 2022


American Express Green

  • Hotel and car rental are made through the American Express Travel website
  • Model: up-to-date, revised June 11, 2022


American Express Platinum

  • The $200 Annual Travel Credit only gets included when points are used for flights
  • Hotel and car rental are made through the American Express Travel website
  • Model: up-to-date, revised September 23, 2022


American Express SimplyCash

  • Model: up-to-date, revised June 11, 2022


American Express SimplyCash Preferred

  • Model: up-to-date, revised June 11, 2022


BMO

Car rentals are assumed to be through National or Alamo unless otherwise stated.

BMO AIR MILES Mastercard

  • Not adding an additional cardholder so not getting additional miles
  • 2/3 of gas purchased is at AIR MILES partner
  • 80% of groceries purchased is at AIR MILES partner
  • 100% of car rental at Budget, Alamo, or National
  • Model: up-to-date, revised June 11, 2022


BMO AIR MILES World Elite Mastercard

  • Not adding an additional cardholder so not getting additional miles
  • 2/3 of gas purchased is at AIR MILES partner
  • 80% of groceries purchased is at AIR MILES partner
  • 100% of car rental at Budget, Alamo, or National
  • You require 25% fewer miles for flights when you book through airmiles.ca (up to a maximum of 750 Reward Miles).
  • Model: up-to-date, revised July 1, 2022


BMO Ascend World Elite Mastercard

  • Model: up-to-date, revised June 11, 2022


BMO CashBack Mastercard

  • Model: up-to-date, revised June 11, 2022


BMO CashBack World Elite Mastercard

  • Model: up-to-date, revised July 2, 2022


BMO eclipse Visa Infinite

  • Not adding an additional cardholder so not earning 10% more points on all purchases
  • Model: up-to-date, revised June 11, 2022


BMO eclipse Visa Infinite Privilege

  • Model: up-to-date, revised July 2, 2022


BMO Preferred Rate Mastercard

  • Model: up-to-date, revised June 11, 2022


BMO Rewards Mastercard

  • 100% of car rental at Alamo or National
  • Model: up-to-date, revised June 11, 2022


Students – BMO AIR MILES Mastercard

  • Model: up-to-date, revised June 11, 2022


Students – BMO CashBack Mastercard

  • Model: up-to-date, revised June 11, 2022


CIBC

Travel purchased through CIBC Rewards Centre.
CIBC card is linked to Journie gas card. 2/3 of gas is purchased at Pioneer, Ultramar, or Chevron gas stations.

CIBC Aeroplan Student Visa

  • Model: up-to-date, revised September 8, 2022


CIBC Aeroplan Visa

  • Model: up-to-date, revised September 8, 2022


CIBC Aeroplan Visa Infinite

  • No annual fee rebate because WhatBank assumes you do not have a CIBC Smart Plus Account
  • Model: up-to-date, revised September 8, 2022


CIBC Aeroplan Visa Infinite Privilege

  • Air Canada purchases are done directly with Air Canada
  • Model: up-to-date, revised September 8, 2022


CIBC Aventura Gold Visa

  • Model: up-to-date, revised July 1, 2022


CIBC Aventura Student Visa

  • You do the 5 activities required to earn 2500 pts within the first month
  • Model: up-to-date, revised June 11, 2022


CIBC Aventura Visa

  • You do the 5 activities required to earn 500 pts within the first month
  • Model: up-to-date, revised June 11, 2022


CIBC Aventura Visa Infinite

  • The $200 Annual Travel Credit only gets included for flight calculations
  • Just the first year annual fee is rebated because WhatBank assumes you do not have a CIBC Smart Plus Account
  • Model: up-to-date, revised July 1, 2022


CIBC Aventura Visa Infinite Privilege

  • Model: up-to-date, revised July 1, 2022


CIBC Costco Mastercard

  • Must have a valid Costco Wholesale membership
  • The CIBC Costco Mastercard is a rewards card whose reward takes the form of a Cash Back Gift Certificate that can only be redeemed for purchases at Canadian Costco Wholesale warehouse locations
  • Model: up-to-date, revised June 11, 2022


CIBC Dividend Platinum Visa

  • Model: up-to-date, revised June 11, 2022


CIBC Dividend Student Visa

  • Model: up-to-date, revised July 21, 2022


CIBC Dividend Visa

  • Model: up-to-date, revised June 11, 2022


CIBC Dividend Visa Infinite

  • Only first year annual fee is rebated because WhatBank assumes you do not have a CIBC Smart Plus Account
  • Model: up-to-date, revised June 11, 2022


CIBC Select Visa

  • Model: up-to-date, revised June 11, 2022


PC Financial

PC Financial cards are rewards cards whose reward takes the form of PC points that can only be redeemed for purchases at Loblaws affiliated stores.

Gas – 3/4 of gas purchased is from Esso/Mobil
Drugstore – 100% at Shoppers Drug Mart
Groceries – 100% at PC Point grocery stores
Travel/Hotel/Car Rental – 100% through PC Travel

PC Point grocery stores include: Loblaws, No Frills, Valu-mart, Zehrs, Real Canadian Superstore, Independent, Fortinos, Wholesale Club.

Two visits per year to Shoppers are during 20X points days.

PC Financial Mastercard

  • Model: up-to-date, revised June 11, 2022


PC Financial World Elite Mastercard

  • Model: up-to-date, revised June 11, 2022


PC Financial World Mastercard

  • Model: up-to-date, revised June 11, 2022


RBC


Gas – 2/3 of gas purchases is from Petro Canada. The value of earned Petro Points is included in the value of all RBC cards.
Drugstore – 80% of drugstore purchases is from Rexall

RBC Avion Visa Infinite

  • Model: up-to-date, revised June 11, 2022


RBC Avion Visa Infinite Privilege

  • Model: up-to-date, revised June 11, 2022


RBC Avion Visa Platinum

  • Model: up-to-date, revised June 11, 2022


RBC Cash Back Mastercard

  • Model: up-to-date, revised June 11, 2022


RBC Cash Back Preferred World Elite Mastercard

  • Model: up-to-date, revised June 11, 2022


RBC RateAdvantage Visa

  • Purchase interest rate is RBC Prime + 8.75%. Your rate will vary based on RBC’s credit assessment.
  • Model: up-to-date, revised June 11, 2022


RBC ION Visa

  • Model: up-to-date, added September 11, 2022


RBC ION+ Visa

  • Don’t get monthly fee rebate since don’t have RBC Signature No Limit Banking or RBC Advantage Banking for students account.
  • Model: up-to-date, added September 11, 2022


RBC Visa Classic Low Rate Option

  • Model: up-to-date, revised June 11, 2022


RBC Visa Platinum

  • Model: up-to-date, revised June 11, 2022


WestJet RBC Mastercard

  • If student, assume no annual fee since have RBC Advantage Banking account
  • Model: up-to-date, revised June 11, 2022


WestJet RBC World Elite Mastercard

  • Model: up-to-date, revised June 11, 2022


Scotia

Travel is purchased through Scene+ Travel.
Scotiabank eligible grocery stores include: Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà par IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry, and Co-Op.

L’earn Visa

  • Model: up-to-date, revised June 11, 2022


Scotiabank Scene+ Visa

  • Groceries – 100% at Scotiabank eligible grocery stores
  • Maximum Scene+ points awarded for purchases made at Cineplex is $3,600 / month
  • Model: up-to-date, revised October 3, 2022


Scotiabank Scene+ Visa Card for Students

  • Groceries – 100% at Scotiabank eligible grocery stores
  • Maximum Scene+ points awarded for purchases made at Cineplex is $3,600 / month
  • Model: up-to-date, revised October 3, 2022


Scotia Momentum Mastercard

  • Model: up-to-date, revised June 11, 2022


Scotia Momentum No-Fee Visa

  • Model: up-to-date, revised June 11, 2022


Scotia Momentum Visa

  • Model: up-to-date, revised June 11, 2022


Scotia Momentum Visa Infinite

  • Model: up-to-date, revised June 11, 2022


Scotiabank American Express

  • Groceries – 100% at Scotiabank eligible grocery stores
  • Model: up-to-date, October 4, 2022


Scotiabank Gold American Express Card

  • Groceries – 100% at Scotiabank eligible grocery stores
  • Annual fee since WhatBank doesn’t assume you have Ultimate or Preferred Package
  • Model: up-to-date, October 4, 2022


Scotiabank Passport Visa Infinite

  • Groceries – 100% at Scotiabank eligible grocery stores
  • Model: up-to-date, revised October 3, 2022


Scotiabank Platinum American Express

  • Model: up-to-date, revised July 2, 2022


Scotiabank Value Visa

  • Model: up-to-date, revised June 11, 2022


Tangerine

WhatBank automatically chooses the two largest spending categories as the Money-Back Categories. WhatBank assumes two, not three, spending categories because the cash back is not auto-deposited into a Tangerine savings account.

Tangerine Money-Back

  • Model: up-to-date, revised July 28, 2022


Tangerine World MasterCard

  • Model: up-to-date, revised July 28, 2022


TD

Travel is purchased through Expedia online.

TD Aeroplan Visa Infinite

  • Model: up-to-date, revised June 11, 2022


TD Aeroplan Visa Infinite Privilege

  • Model: up-to-date, revised September 7, 2022


TD Aeroplan Visa Platinum

  • Model: up-to-date, revised September 6, 2022


TD Cash Back Visa

  • Model: up-to-date, revised June 11, 2022


TD Cash Back Visa Infinite

  • Model: up-to-date, revised June 11, 2022


TD Emerald Flex Rate Visa

  • Purchase interest rate is TD Prime + 8.75%. Your rate will vary based on TD’s credit assessment.
  • Model: up-to-date, revised June 11, 2022


TD First Class Travel Visa Infinite

  • Model: up-to-date, revised June 11, 2022


TD Platinum Travel Visa

  • Model: up-to-date, revised June 11, 2022


TD Rewards Visa

  • Model: up-to-date, revised June 11, 2022