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!
As a follow up to our post last week detailing the new statement credits that are being awarded to Aeroplan co-brand credit cards for booking Air Canada flights we wanted to provide further details on the Amex statement credits. The American Express offers provide more flexibilty than those seen with the TD or CIBC cards.That is, Amex Cardmembers can earn the statement credit for every $400 spent, regardless of the number of tickets or bookings made. For example, if an American Express Reserve Cardmember was to book a $2,000 fare with Air Canada, they would receive $250 back outright. The same applies for American Express Aeroplan Cardmembers, who would receive a $125 credit outright for a $2,000 booking thought Air Canada.With the TD and CIBC offers if you bought that $2,000 fare you would only receive a $25 or $50 statement credit depending on which card you have. Just some food for thought if you are booking Air Canada flights and hold Aeroplan co-brand cards from Amex and TD or CIBC. Learn more about the statement credit promotion here