CAA Quebec Platinum MasterCard Credit Card Review

Rising gas prices in North America is a growing concern as people scramble to find ways that they can simply afford to go to work. However, simple financial tools like the CAA Quebec Platinum MasterCard Credit Card can earn you cash rebates on the fuel that you buy every week.

No matter where you live, it is important to save money wherever you can when the economy is unstable. One way to do this is to find ways to make your money work harder for you. With the CAA Quebec Platinum Card from you can do just that. It is a simple financial product that offers benefits that are easy to understand and, more importantly, easy to use.

The Basics

First of all, the CAA Quebec MasterCard is a very simple credit card product available to citizens of the Canadian provinces. It offers competitive rates and a few other benefits that seem to be designed more for efficiency than anything else. Still this MasterCards could help you manage your finances or save money mostly because of the rebates. However, a low introductory rate and competitive standard rates on the three types of balances you could carry might also help you to save money.

When you apply for this credit card, you will be asked to supply your personal information as well as information regarding other credit accounts. This is very important if you are considering taking advantage of the balance transfers options. Other options include various insurance benefits that you can elect to enact.

The Rates

Like most credit cards, the CAA Quebec Platinum MasterCard Credit Card allows you to carry several balances at the same time. This includes:

• Standard purchases
• Cash advances
• Balance transfers

First of all, you should know that the rate for standard purchases can compete with other cards currently on the market. Secondly, the rate for cash advances is equal to that of balance transfers, both of which are just a few percentage points higher than the rate for standard purchases.

The Rebate

With the CAA Quebec Platinum MasterCard Credit Card you will earn rebates on a 0.5% rebate on everything you buy. When you show your card at participating Couche-Tard retail outlets, though, you will also earn 2 cents per gallon. If that isn't enough, though, when you use your card to pay for your fuel purchase at participating Couche-Tard fueling stations, you will another 2% bonus on top of everything else.

You should keep in mind, too, that this is a MasterCard, so you can use it anywhere in the world where MasterCard is accepted. Perhaps the best aspect of this feature is that you do not have to worry about Foreign Exchange services, as they are built into the system of your card and you will be charged in Canadian money. However, there is a small finance charge that will be assessed for each transaction performed outside of the Canadian provinces.

The Fees

The CAA Quebec Platinum Card is no different than other cards that you might have in terms of fees. Like all other cards you might consider, there are fees associated to a variety of services or penalties that you could encounter.

• Foreign transaction conversion service charge
• Default rate interest penalty
• Cash advance transaction fee
• Balance transfer transaction fee
• Wire transfer transaction fee
• Late payment rate penalty
• Over-limit rate penalty
• Returned payment fee
• Returned cheques cash advance fee
• Sales draft fee
• Extra statement copy fee
• Inactive balance fee (after a year of inactivity)

While this may appear to be a long list, these are all things that you can avoid. Penalties and fees are assessed in order to discourage irresponsibility as well as to offset some of the maintenance that goes along with additional services. For instance, you do not have to use your card overseas, but if you do the service charges help to offset the exchange fees that the bank will have to pay. At the same time you should remember that this card has no annual fee, which is something that is not very common at all these days.

Conclusion

With the CAA Quebec Platinum MasterCard Credit Card you will enjoy just a few simple but attractive benefits that can help you save money. With rebates on everything you buy, especially fuel, and no annual fee, it's easy to how you will save.