My Personal View on Air Miles Credit Cards

I prefer cash-back cards, less hassle and you never have to worry about your points getting de-valued, but an Air Miles credit card is still better than a no-rewards card! So, be sure to also check out the Citi Enrich Mastercard with 1% cash back and no annual fee. 

There are two credit card issuers in Canada that offer Air Miles reward miles:

I got hit with an overlimit fee on my TD Rebate Rewards Credit Cards

I'll say that these fees are a bit sneaky.

The cards give you a "credit limit", then they let you surpass that limit, and charge you $20 for it. So much for it being a limit. 

Yields and P/E Ratios for all of the Big Canadian Banks, as of August 19th, 2008.

But first, some recent news articles about Canadian Bank Stocks and their Yields:

On this page I am going to cover all of the major offerings of the BMO/Bank of Montreal Mosaic Line of Mastercards

Mosaic Mastercards With No Annual Fee

Your choice of Cash Back or Airmiles.

You can choose either 1 Air Mile per $40 Spent or 0.5% Cash Back

Update April 19, 2010: Just opened up my statement for my new card: Mine still says $0 Annual Fee. Maybe I'm a big enough customer? I probably spend US$~1000/year on the card, not a whole lot, but not "here or there".