How we calculate the First Year Value Estimate

We've estimated the total value you could get from your credit card in the first year, based on the features and benefits it offers. This includes:

1. Cash value of welcome bonuses and perks like membership discounts, lounge visits, statement credits and annual fee rebates; and

2. Estimated value of the rewards you could earn from your spending (e.g. points or cash back).

For rewards based on spending, we’ve based our estimates on an average monthly spend of $1,500, using the following breakdown which is based on typical Canadian spending patterns: 

• 20% groceries;

• 10% gas;

• 10% dining;

• 10% travel;

• 10% entertainment; and 

• 40% other purchases.

This is only an estimate - it is important for you to consider your specific needs. For the most up-to-date information on rewards rates and spending categories, please visit the card provider’s website.