hi..

i have scrutinized the American Express card benefit and found out that you can get a one mile point for every $15 spent on air miles sponsor and 1 point for every $20 spent coming from any other transactions. but the interest for such credit card is too high except for the balance transfer rate at 3.99% for six months.

however, i have seen balance transfer credit cards that do also offer less interest rate in a particular link. i can share the link with you. try to check on their interest rate as well as the benefits of the credit card.

here is the link:
http://www.canadian-money-advisor.ca/low-interest-credit-cards.html

take note on the periods of the credit card promos. some may last for months and other are years.

Hey folks, American Express just released the No Fee American Express Air Miles Credit Card.

The reward program goes for 1 reward mile earn for every $15 spent on purchases at air miles sponsor and 1 reward mile per $20 spent anywhere else.

Additional benefits include $100,000 Travel Accident Insurance (covers accidental death and dismemberment insurance automatically). guaranteed protection from fraudulent charges when you use your credit card online. Plus front of the line ticket access to theatres, dinings, concerts, and much more. And 150 bonus miles rewards when you use your card for the first time.

The No Fee refers to the annual fee. Here are the other charges:
Interest Rate: 18.5%
Cash Advance: 18.5%
Balance Transfer: 3.99% (Note: Balance transfer rate for 6 months)
Grace Period: 21 days
Minimum Payment: $10 or 3% (whichever is greater)