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Sunday, February 5, 2017

I have a brand new credit card: CIBC Dividend Visa Infinite Card

Its now been a week since I left behind Cayo Coco sun, nice sweat beaches, and my favorite drinks: pina colada, mojito, margarita, Spanish coffees and not to forget good looking Cuban guys. I am slowly surviving, but my whole body is screaming its hate of winter by giving really bad dry skin. As for alcohol, I don't have problem to stop drinking overnight, even if I am quite something on vacation. Just stay tune for my review of Melia Jardines Del Rey, which I should post soon.
 
My newest saving goal could give me a break from my eternal search for good investments, but I am quickly seeking for stocks on Stockopedia anyway and its fun as always. Nothing new catch my attention so far. I guess its because my portfolio is pretty much at the best I could possibly pushed it. Right now, I am only praying for relatively stable stock market that will keep me away from any in deep problems.

Currently, my non-registered portfolio is at $148 026.17 and my TFSA portfolio is at $57 713.66. Great results, but party will be on when my non-registered will be at 150k and my TFSA at 60k. 

A few days before leaving for Cayo Coco at the Melia Jardines Del Rey, I checked on a few credit cards that I wanted to bring with me just in case of emergencies. I have a credit line with RBC Royal Bank and I wanted my RBC debit card to be link to the credit line so I could withdraw money in case of need but guess what, that wasn't possible with RBC Royal Bank. I mean, that's stupid! RBC missed an opportunity to make money on my back!!! What kind of bank is that???

Anyway, its not the first time that I am getting pushed away by RBC. Don't want of me? No worries boys, I will go somewhere else! 

But no worries, I quickly turned around and look over with CIBC. What a better service! CIBC offer to treat me like the princess that I really am and increased my credit card limit - YEAH - and link the credit line to my debit card - thank you CIBC. My credit line needed to be reactivated because I never used it. It took 24 hours before getting reactivated. And just to push over the love a bit more, CIBC gave me the CIBC Dividend Visa Infinite Card without any fees, at least for one year. 

The CIBC Dividend Visa Infinite Card is interesting. It gave away a nice cash back of 4% on groceries, 2% cash back on Tim Hortons and TELUS purchases and 1% cash back on everything else. With my spending habits, I am expecting to cash back around $350 annually if not a bit more.

Thank you CIBC.

2 comments:

Lydia Fong said...

What yearly fees so you have to pay for your visa card with such great cashback rewards?

Sunny said...

Hi Lydia,

I have that credit card free for the first year.
But next year, if I keep the card, I will have to pay $99 in annual fee.

 

Thank you

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