Why do these credit cards have a first-year annual fee rebate?

Credit card issuers regularly run promotions to showcase their best credit cards.So, to encourage you to sign up for one of these credit cards, the banks run first-year free offers. This allows you to test the product to see if it will work for you in future years.

How is the first-year annual fee rebated?

Generally, the first-year annual fee is charged on your first statement and immediately refunded.In other cases, you will need to meet the Welcome Offer requirements to get the first-year annual fee refunded on the 4th or 5th statement/billing cycle.

Is it possible to have the annual fee waived for subsequent years?

Yes, you may get the annual fee waived for subsequent years. But you'll have to negotiate your annual fee when you renew your credit card in the second year.The customer representative may refund your annual fee for a second year if, for example, you made a significant volume of purchases on your credit card in the first year or if you have other products with the institution (mortgages, investments, etc.)

What is the best credit card with Reward Points?

With the many credit cards on the market, Milesopedia offers you to compare credit cards, according to your profile and with everything you need to know about current offers. Milesopedia is along your side to help you make the best credit card choice for you.

What's the best credit card in Canada?

There are over 200 credit cards in Canada. There is no "one best credit card" in Canada.Several credit cards can match your needs:- Best Cash Back Credit Cards; - Best AIR MILES Credit Cards; - Best Credit Cards With Insurance; - The Best Credit cards For Airbnb; - Best Credit Cards For Hotels;