Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 70,000 bonus points and no annual fee in the first year!
The accelerated earn rates from American Express that launched last week for existing cardmembers are posting super fast! And contrary to what we were told the bonus points are over and above the regular earn rates! For example the screenshots below from some purchases made on my Platinum Card are working out as 11 points per dollar for purchases that only earn 1 point per dollar normally (SkipTheDishes & Sobeys) and 13 points per dollar for dining purchases that normally earn 3 points per dollar (Flores & Pine in this case). Previous communication with Amex stated these would simply be 10 points per dollar. I'm not going to complain however as earning 11 to 13 points per dollar spent is simply amazing.