One big addition to program since April as well is Petro Canada! This means you'll earn the 6 points per dollar when you use this card at Petro Canada in addition to the normal More Rewards points earn (can't find that on the website yet)
The card will earn 6 More Rewards points per dollar spent on the card at Save-On-Foods and other participating More Rewards partner locations, plus 4 More Rewards points on every dollar spent anywhere else with the card.
Now the earn listed above is strictly with spend on the card and does not include what you will earn when you swipe your More Rewards loyalty card along with it. So without the additional points earned from the More Rewards loyalty card what will the return be like for the points earned on the credit card only? Pretty darn good for a no fee card! We went onto the More Rewards website and tried out their travel bookings to see how many points would be required.
Here are WestJet flights between Calgary and Toronto
And a hotel in Banff:
Assuming you only use this new Visa card at only More Rewards partners, you'll earn all your points at the 6 points per dollar rate. If we look at the redemption amounts above you are effectively earning a 2.54% return on all your spending. That is huge compared to the competition! Most travel cards on the market that aren't tied into a frequent flyer or frequent guest program are between 1.5% and 2% with some pushing 2.33% on select redemptions and Scotia's Gold Amex earning 4% on select category purchases. Plus you have to remember this card has no annual fee!
More realistically however is the mix of spending on this card as when you shop at non More Rewards partners you'll earn 4 points per dollar. Still at 4 points per dollar you are getting a 1.695% return which places it in with the competition listed above. But when you look at its no-fee competitors that only offer 1.25% or less this card blows them out of the water! It looks like our 2017 Top Travel Rewards Credit Cards will have a new champion for the no-fee Travel Points credit card category! And we're not even including the extra points you can earn for swiping your More Rewards loyalty card at any of the program's partners.
The credit card itself will also act as your More Rewards Loyalty Card so you won't have to pull out two cards when shopping at More Rewards partners thus automating the double dip for you.
As we said in our April post, hats off to Scotiabank and More Rewards for breaking the mold in the no fee travel points credit card category! You've made an extremely strong earning credit card here! For more details on the card or to apply for it visit here.