Hi. I am in the process of signing up for a gold/platinum credit card.
Fees are not really the issue if they repay themselves.
For example, I frequently rent automobiles. The Desjardins Odysee Gold Card offers free rental car insurance, so the 90$ annual fee repays itself quickly. Plus 1 get 1% of all purchases that can be transformed into air miles or financial services (RRSPs, etc.). So overall it`s a good deal.
With bonuses like these, I plan to do like some of my buddies do: pay everything on the card and just sign one big cheque at the end of the month.
The way I see it, it won`t cost me a cent more per year, and usually these purchases will have additional guarantees that I would not have by paying cash.
Any suggestions or good/bad stories? Thanks in advance!