Home » Banking » Comparing Amazon.ca Rewards Mastercard® Vs. CIBC Costco® Mastercard® Vs. President’s Choice Financial World Elite Mastercard  
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Comparing Amazon.ca Rewards Mastercard® Vs. CIBC Costco® Mastercard® Vs. President’s Choice Financial World Elite Mastercard  

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Compare Amazon.ca Rewards Mastercard® vs. CIBC Costco® Mastercard® vs. President’s Choice Financial World Elite Mastercard. Read this blog to find out more.

Compare Amazon.ca Rewards Mastercard® vs. CIBC Costco® Mastercard® vs. President’s Choice Financial World Elite Mastercard  

Source: Freepik

Here in this article, we have compared three credit cards and their features. Find out more about the benefits and distinctive features of each card. Leveraging the information listed below will help you select the best card for you. To learn more, continue reading. 

Amazon.ca Rewards Mastercard® 

First, let us discuss the Amazon.ca Rewards Mastercard®-   

Eligibility   

Open to all Canadian citizens who have reached the legal age in their province or territory.  

Annual fee   

$0 annual fee.  

Interest charged on Balance-   

The purchase interest rate on this card is 19.99%, the cash advance interest rate is 22.99%, and the balance transfer interest rate is 22.99%  

Reward   

This specific card offers you 5% back on your first $3,000 in qualifying purchases at Amazon.ca, Whole Foods Market locations, grocery stores, and restaurants for the first six months after approval  

Eligibility  No minimum income requirement  A credit score of 660-724+.  Permanent residency in Canada and of legal age.   
Annual fees  $0 
Interest charged on Balance  Purchase interest rate: 19.99%.  
Cash advance interest rate: 22.99%.  
Balance transfer interest rate: 22.99%.   
Reward  Get 1% back on all eligible purchases anywhere else.  

  

CIBC Costco® Mastercard® 

Eligibility   

A minimum annual income of $15,000 is required to qualify for this card. To qualify for the CIBC Costco® World Mastercard®, you must have a minimum household income of $60,000 or a household income of $100,000.  

Annual fees   

$0 annual fee.  

Interest on balances   

The purchase interest rate on this card is 19.75%, and the cash advance interest rate is 21.49%.  

Reward   

3% cash back at restaurants and Costco gas 

2% cash back at other gas stations and Costco 

1% cash back on all other purchases, including Costco 

Let us present it in a tabular manner; 

  

Eligibility  The minimum annual income of $15,000  Canadian citizen or permanent resident  
Annual fees    $0 
Interest charged on Balances    Purchase interest rate: 19.75%.  
Cash advance interest rate: 21.49%.   
Reward  Cashback on money transfers  Use Mastercard Zero Liability Protection to defend against illegal activity.   

  

President’s Choice Financial World Elite Mastercard 

Eligibility   

A minimum income of $80,000/year or $150,000/year minimum household income. Your recommended Credit Score is between 670-739.  

Annual fees-   

The annual fee on this card is $0.  

Interest on balances   

On this card, the purchase interest rate is 20.97%. the cash advance interest rate is 21.97%, and 21 days. 

the interest-free grace period on new purchases.  

Cashback and Rewards   

Shoppers Drug Mart/Pharmaprix: 45 points per $1 spent  

Loblaw: 30 points per $1 spent on groceries and PC travel  

Esso or Mobil: 30 points per liter bought  

Everything else: 10 points per $1 spent   

Also, on this card, you get ten days of travel emergency medical insurance, car rental collision/loss, and damage waiver insurance. 

Eligibility  Minimum personal income of $80,000/year or $150,000/year minimum household income.  A credit score between 670-739.  A permanent resident of Canada and legal ag  
Annual fees  $0.  
Interest on balances  The purchase interest rate on this card is 20.97%.  The cash advance interest rate is 22.97%.  21-day period with no interest charged on new purchases  
Cashback/ Rewards   For every $1 spent on groceries and PC travel through Loblaw, customers earn 30 points, 30 points per liter at Esso or Mobil stations, and 10 points for every $1 spent on all other purchases.  You get protection against Identity Theft, Assistant Service, and concierge service.  

  

  

Knowing these three credit cards, let us do a comparative analysis of these three credit cards. 

  

 Amazon.ca Rewards Mastercard® CIBC Costco® Mastercard®  President’s Choice Financial World Elite Mastercard 
Additional Benefits  Lost Luggage Assistance, rewards to help cover foreign transaction fees  Lost Document and Ticket Replacement  Trip help & Legal Assistance   Purchase Assurance  Extended Warranty Benefit  Mastercard® Zero Liability  Emergency Card Replacement  Mobile Device Insurance  Purchase Security and Extended Warranty Insurance   CIBC Pace It™ Installment Plans  Credit card replacement and up to $5,000 in emergency cash advances  Travel Emergency Medical Insurance  Car Rental Collision/Loss Damage Waiver Insurance  Identity Theft Assistant Service  24/7 concierge service  
Welcome Offer  Earn 5% back on qualifying purchases made at Canadian Whole Foods Market, Amazon.ca, and grocery or dining establishments up to $3,000 in total. $20 welcome bonus N/A 
Minimum Income Requirement   – A minimum annual income of $15,000 is required to qualify for the CIBC Costco Mastercard. Minimum $60,000 individual or $100,000 household income $80,000 personal or $150,000 household.  
Condition of Canadian Resident  Yes.  Yes.  Yes.  

  

Expertbyarea Advice-   

We have listed all the cards that are best for Amazon.ca online shopping, best for Costco in-store shopping, and Loblaw’s in-store shopping.  

If you are looking for a card with rewarding features for online shopping, the Amazon.ca Rewards Mastercard® can be the best for you.  

But, if you want a card with added rewards, cashback, and added benefits, the other two can be a good pick.  

We can offer all the features of a credit card because we are experts, but the final decision is up to you!  

Let this blog help others looking for a comparison between credit cards and help them understand what goes with their requirements.  

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