Enjoy a great low rate on purchases and balance transfers with no annual fee.

Not available to residents of QC, NT, NU, or YT

Having difficulties to have a low interest line of credit due to low income but you have a good credit history? You can get a low fixed interest rate credit card. The Capital one Platinum MasterCard offers a low 9.99% interest rate on all purchases. Another good news: this Canadian credit card is free!

This Low interest credit card guarantees its rate of 9.99% for the next 3 years. As of December 2012, your rate will become Prime + 6.99%.

You also have the possibilities of transferring your high interest credit cards to the Capital One Platinum MasterCard with no fees. Therefore, you could save up to 10% in interest rate on your credit card today!

If you are an active credit card users, there is also the possibility of adding a 1% cash reward program for an annual fee of $99. If you don’t want it, you can benefit from the low interest credit card for free.

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]]> http://creditcardsfinder.ca/no-fee-credit-card/platinum-mastercard-with-a-9-99-interest-rate/feed 0 http://creditcardsfinder.ca/credit-card-articles/travelling-with-credit-card-points-%e2%80%93-how-can-you-do-it-without-hassles http://creditcardsfinder.ca/credit-card-articles/travelling-with-credit-card-points-%e2%80%93-how-can-you-do-it-without-hassles#comments Tue, 13 Oct 2009 19:27:50 +0000 Mike http://creditcardsfinder.ca/?p=58

We all know someone that has used their credit card points to buy air plane tickets. These days, we can buy almost anything with reward points (from lattes to Canada Wonderland tickets!). However, the most popular reason people use their credit card points is still to travel. Air miles and Aeroplan have signed numerous partnerships with well known companies in order to boost their reward programs’ popularity. While Air Miles has teamed up with BMO – MasterCard, Aeroplan decided to go with the CIBC Visa. However, both reward programs have many similar flaws:

Reward Miles doesn’t cover the entire cost of travelling

When I tried to purchase my very first tickets with my Air Miles, I was surprised to see some “hidden fees”.  My credit card points didn’t cover GST taxes or the airport fees. So, my trip wasn’t entirely free.

Reward Miles can expire

While this is not the case for Air Miles, Aeroplan points do expire! This means that if you don’t redeem points from your account regularly, your mileage points may expire without further notice. What can be more frustrating than using your reward points credit card faithfully for years in order to take your family to Walt Disney World only to realize that you can’t take them on a trip, not even to a Disney movie,  because your point balance is a big fat 0!

Seat restrictions

This is another point that upset me. If you want to redeem your credit card points to buy airplane tickets, you are subject to seat restrictions. Both Air Miles and Aeroplan “reserve” a specific amount of seats on each plane and they can’t provide an additional spot if you book too late. The last time I have tried to book a ticket with my points, I couldn’t get a spot on a Vancouver – Kelowna flight 3 weeks in advance. Thx to Air Miles, I have had to pay the full amount even though I had 5,000 air miles in my account! A reader had a similar experience with Aeroplan, he had to redeem 150% of the normal points to fly Montreal – Halifax even when booking six months in advance because all available seats were taken, yeah right.

Airline company limitations

Depending on the reward program you chose, you might be limited to a few airline companies. Therefore, you won’t be able to select the airline you want unless it is part of their reward program.

Travelling with Credit Card Points – Are there any solutions?

There is a much better way to use your credit card points to travel for free. Select a credit card that gives you a cash reimbursement upon the purchase of an airplane ticket. This can be done in 3 easy steps:

#1 You book your air fare (online, with a travel agency or through the airline directly).

#2 You pay with your credit card.

#3 You redeem your credit card points online or by phone to get for your air fare reimbursed.

Using this method;

- You get full reimbursement for your travel (including taxes).

- You are not limited to specific seats.

- You are not limited to specific airlines.

- And your points never expire!

Where can I get such great credit card with no hassle rewards?

There are a few credit cards offering cash for credit card points upon purchases. One of them is the Miles Plus Platinum MasterCard by Capital One. They include No Hassle Rewards such as:

- No Hidden Fees,

- Reward miles covering the entire cost of your travel

- Reward miles that don’t expire

- No seat / airline restriction

- Redeem your points online or by phone

image source: caribb

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We guarantee your approval for the Capital One MasterCard that can help you build or strengthen your credit history.

Not available to residents of QC, NT, NU, or YT