 Hello everyone, this is financial author Amit Dam of Iran Journal. On this channel you'll find financial, non-financial and travel videos just like they want watching right now. If you like it, please give it a thumbs up and consider subscribing. Credit Card Bonus Rewards Points Shrinking Today I'll talk about several credit cards change their bonus rewards points programs. In the past few weeks, I found out that several credit cards are changing their rewards points options. In my last article, I talked about Scotia American Express Gold Rewards today. I'll talk about two or three other credit cards that have instituted negative changes. The first card is the Scotia Rewards Platinum Plus MasterCard. This is a free Rewards Credit Card that used to give 1000 bonus points every year on the anniversary date. However, MBNA recently sent a notification mentioning that it will no longer provide any anniversary bonus starting January 1, 2017. This doesn't come to me as a surprise as I was expecting various cutbacks on points and features since TD Bank Group purchased MBNA. MBNA used to offer several cash back and rewards points credit cards with generous rewards and features. However, TD is terrible with its own rewards credit cards and it's no wonder they'll make all MBNA credit cards just like their own rewards program with reduced rewards points and features. MBNA is no longer the choice for low annual fee and no fee credit cards since TD is starting axing its benefits. There are other credit card companies that offer better deals for low annual fee and no fee credit cards. Next card is the MBNA World Elite Rewards MasterCard. This is a World Elite Series MasterCard from MBNA. This is a travel rewards credit card and is to give or still gives two points per dollar spent on all categories. The best feature of this card is to be the first year annual fee $89 waived. However, TD recently announced that the MBNA World Elite Rewards MasterCard will no longer waive its first year annual fee. So this is another negative cutback from TD. Next credit card I have today is BMO World Elite MasterCard. BMO was one of the few banks in Canada that would allow you to transfer from one credit card to another credit card and still you get the introductory reward bonus points. For example, if you have BMO World Elite Rewards MasterCard, you could switch or transfer your account to BMO World Elite MasterCard and you still get the 30,000 introductory bonus points which would translate to $300. However, BMO recently announced that they will no longer give the introductory bonus points when you transfer from one to another credit card and there are other two major changes BMO announced which would make this card go down as number one travel Rewards MasterCard. This card BMO World Elite MasterCard used to give 30,000 introductory bonus points when you apply for the first time but now 30,000 bonus points was decreased to 20,000 introductory Rewards points. In dollar terms that means that you will be receiving only $200 instead of $300 when you get the card for the first time and also BMO increased the minimum income requirement from $70,000 to $80,000. So these changes are all negative. When one door closes another door opens, always keep an eye for new opportunities for credit card viewers and Iran Journal is here to provide you with unbiased information because unlike most other sites, I do not promote any credit cards and I do not receive commissions or compensations from credit cards companies. That's all for today. Thank you.