dy727 Posted July 6, 2012 Report Share Posted July 6, 2012 just finished 1st year med but i'm dissatisfied with the service from RBC. All the promises I was given on that day of discussion were not met (no credit card fees waived, I was promised the infinite avion visa but instead, I received a platinum avion -- lies lies lies -- forced me to open a savings account to have the chequing account fee waived). I'm looking to switch to Scotia cause my gf is with scotia and we can get a good deal if I sign up. How difficult is it? Is it just a matter of me setting up a new LOC with Scotia + pay off RBC LOC and tell RBC that i'm no longer using their LOC? Or is there a long paperwork I have to go through to cancel an LOC? (in addition to a platinum visa + chequing account and all that jazz) Link to comment Share on other sites More sharing options...
PhoenixFlare500 Posted July 6, 2012 Report Share Posted July 6, 2012 just finished 1st year med but i'm dissatisfied with the service from RBC. All the promises I was given on that day of discussion were not met (no credit card fees waived, I was promised the infinite avion visa but instead, I received a platinum avion -- lies lies lies -- forced me to open a savings account to have the chequing account fee waived). I'm looking to switch to Scotia cause my gf is with scotia and we can get a good deal if I sign up. How difficult is it? Is it just a matter of me setting up a new LOC with Scotia + pay off RBC LOC and tell RBC that i'm no longer using their LOC? Or is there a long paperwork I have to go through to cancel an LOC? (in addition to a platinum visa + chequing account and all that jazz) If you tell Scotia you're switching they should be able to do everything for you. Link to comment Share on other sites More sharing options...
rmorelan Posted July 6, 2012 Report Share Posted July 6, 2012 If you tell Scotia you're switching they should be able to do everything for you. Yup - they did everything for me really very quickly. I never had to even talk to RBC. Link to comment Share on other sites More sharing options...
future_doc Posted July 6, 2012 Report Share Posted July 6, 2012 Sounds like Scotia are marvelous and I am seriously thinking of switching to them soon. Link to comment Share on other sites More sharing options...
futureMD23 Posted July 7, 2012 Report Share Posted July 7, 2012 I was just approved for my LOC at RBC but am already not happy with the service I am receiving from them. Is it too soon to switch to Scotia, or would they be able to help me with that? Thanks! Link to comment Share on other sites More sharing options...
PhoenixFlare500 Posted July 7, 2012 Report Share Posted July 7, 2012 I was just approved for my LOC at RBC but am already not happy with the service I am receiving from them. Is it too soon to switch to Scotia, or would they be able to help me with that? Thanks! You can switch any time you want, might as well do it now. Link to comment Share on other sites More sharing options...
holiday1001 Posted July 7, 2012 Report Share Posted July 7, 2012 just finished 1st year med but i'm dissatisfied with the service from RBC. All the promises I was given on that day of discussion were not met (no credit card fees waived, I was promised the infinite avion visa but instead, I received a platinum avion -- lies lies lies -- forced me to open a savings account to have the chequing account fee waived). I'm looking to switch to Scotia cause my gf is with scotia and we can get a good deal if I sign up. How difficult is it? Is it just a matter of me setting up a new LOC with Scotia + pay off RBC LOC and tell RBC that i'm no longer using their LOC? Or is there a long paperwork I have to go through to cancel an LOC? (in addition to a platinum visa + chequing account and all that jazz) err you got fees on the platinum waived? or they just allowed you to have it at 120$/year? Link to comment Share on other sites More sharing options...
mangos Posted July 9, 2012 Report Share Posted July 9, 2012 err you got fees on the platinum waived? or they just allowed you to have it at 120$/year? x2...if you got platinum waived...id be very surprised..and jealous hah Link to comment Share on other sites More sharing options...
dy727 Posted July 10, 2012 Author Report Share Posted July 10, 2012 err you got fees on the platinum waived? or they just allowed you to have it at 120$/year? that's the thing, I was promised to have the fee waived for 1-year at least -- didn't come through (the specialist said she'll leave a note in the file to waive the fee, but this never came through) which is why RBC lost my trust lol Link to comment Share on other sites More sharing options...
Mighty Molar Posted July 11, 2012 Report Share Posted July 11, 2012 But my avion platinum fee ($120) is waved Link to comment Share on other sites More sharing options...
leviathan Posted July 14, 2012 Report Share Posted July 14, 2012 FYI, Scotia will waive the annual fee for their Passport Gold Visa. However you will not get the 30,000 points if you waive the fee. Link to comment Share on other sites More sharing options...
bordeaux Posted July 14, 2012 Report Share Posted July 14, 2012 FYI, Scotia will waive the annual fee for their Passport Gold Visa. However you will not get the 30,000 points if you waive the fee. Yes they will. The Scotia rep posted on one of the threads here that it is being offered on a promotional basis in London. I printed it out and took it to my local rep and gently suggested that I could go see the rep in London and lo and behold I got fee waived AND 30,000 points. Link to comment Share on other sites More sharing options...
philosophy Posted July 24, 2012 Report Share Posted July 24, 2012 Yes they will. The Scotia rep posted on one of the threads here that it is being offered on a promotional basis in London. I printed it out and took it to my local rep and gently suggested that I could go see the rep in London and lo and behold I got fee waived AND 30,000 points. that's a good news. would you be able to copy and paste the link please. thanks in advance edit: does anyone knows how much does scotia approves you for and if there is any fee. i went to see a rep at rbc today and she said the package costs 149 and she can waive the fee for me for a year if i decide switch from td. plus they approve 250,000 and the payments are due after the residency. Link to comment Share on other sites More sharing options...
medhopefuls2016 Posted July 24, 2012 Report Share Posted July 24, 2012 What seems to be the problem with RBC? I just signed my deal with RBC, and everything seemed great. The service was good, and all my questions were answered in a very swift manner. Even for someone like myself who travels a lot (I travel quite often to the States for research and other stuff), I don't find the deal of Infinite appealing. As a result, I never had to deal with the Avion fee issue. RBC's Cash Back though sounds pretty sweet (fees waived...2% cash back for grocery purchases<$6000), and I am definitely considering cancelling my TD credit card (basic student card, no benefits) at the moment in favour of the Cash Back. Any thoughts? Link to comment Share on other sites More sharing options...
philosophy Posted July 24, 2012 Report Share Posted July 24, 2012 is there's any annual fee you guy are paying for the rest of the package if you take the rbc gold card which has no annual fee Link to comment Share on other sites More sharing options...
medhopefuls2016 Posted July 24, 2012 Report Share Posted July 24, 2012 Umm I got the Insurance Protector so that's something like 7cents/1000$/month. That's about the only think I can think of besides the regular interest payments. Link to comment Share on other sites More sharing options...
philosophy Posted July 24, 2012 Report Share Posted July 24, 2012 thanks medshope2016! ok so as i had thought, if we dont take anything other than the LOC we r only responsible for the interest payments. sounds reasonable since i dont need any other products. Link to comment Share on other sites More sharing options...
xylem29 Posted October 20, 2012 Report Share Posted October 20, 2012 It's not really about RBC or Scotia, but about the specific branch and people that you deal with. If you have a great relationship and receive solid service - then that's the branch I'd stick with and if it's either of the two banks, then either is good. That being said - Scotiabank has it written in their contract that the interest will stay at prime for the life of the loan, whereas RBC does not. Personally I've switched to Scotia and don't regret it one bit - the service at the RBC branch was good, but one particular banker was horrible and that one banker alone was enough to cause me to switch over. Oh, and within 1 day of having the LOC closed - before I even had the chance to close my "no limit student" chequing account, the $10.95 fee that was waived as part of the LOC package was charged to me. Within a single day! Needless to say, that whatever prospect of me keeping my chequing account or any future investments, loans, and mortgages that I had planned at RBC is now zero (was actually going to keep the account active but not anymore). Unless of course I move and the best branch with the best service happens to be RBC but for the time being - I can't recommend Scotiabank more. If you want to switch they make the process so easy for you. They order the cheques for you right away for free - while at RBC you'd have to order them yourself, get charged the $40 fee, and then email them to request for it to be reversed. Link to comment Share on other sites More sharing options...
xylem29 Posted October 20, 2012 Report Share Posted October 20, 2012 What seems to be the problem with RBC? I just signed my deal with RBC, and everything seemed great. The service was good, and all my questions were answered in a very swift manner. Even for someone like myself who travels a lot (I travel quite often to the States for research and other stuff), I don't find the deal of Infinite appealing. As a result, I never had to deal with the Avion fee issue. RBC's Cash Back though sounds pretty sweet (fees waived...2% cash back for grocery purchases<$6000), and I am definitely considering cancelling my TD credit card (basic student card, no benefits) at the moment in favour of the Cash Back. Any thoughts? You're better off with the MBNA Smart Cash card which offer 5% cash back for grocery and gas for the first 3 months, and then 3% thereafter. 1% for everything else - no tiered system, and no annual fees. Link to comment Share on other sites More sharing options...
schmitty Posted October 22, 2012 Report Share Posted October 22, 2012 You're better off with the MBNA Smart Cash card which offer 5% cash back for grocery and gas for the first 3 months, and then 3% thereafter. 1% for everything else - no tiered system, and no annual fees. I generally agree. However, if you travel a lot the infinite avion can be great. I just booked a flight for free to St. Lucia (honeymoon) for my wife and I using our points. It works out to a vary favourable 2% back plus all the added benefits of premium health insurance, concierge, etc, etc. Link to comment Share on other sites More sharing options...
xylem29 Posted October 27, 2012 Report Share Posted October 27, 2012 I generally agree. However, if you travel a lot the infinite avion can be great. I just booked a flight for free to St. Lucia (honeymoon) for my wife and I using our points. It works out to a vary favourable 2% back plus all the added benefits of premium health insurance, concierge, etc, etc. Oh, yes indeed - I meant in comparison with the RBC cashback card. For travellers any premium travel card beats the MBNA smart cash. Even though I have the MBNA smart cash, I now almost exclusively use the scotia gold passport! update: nevermind, the mbna smart cash is no longer all that great Link to comment Share on other sites More sharing options...
Jochi1543 Posted November 3, 2012 Report Share Posted November 3, 2012 Just thought I'd mention that I recently switched from MD Management to Scotia. Indeed, they do all the work for you. I got approved within 24 hours. They have free checking, etc, and a really good basic credit card - 1% cashback (my current CC is through BMO and has 0.5% cashback with no fee). So not only am I moving my LOC to them, but I will also close my checking and credit card accounts with BMO. Link to comment Share on other sites More sharing options...
rmorelan Posted November 3, 2012 Report Share Posted November 3, 2012 Just thought I'd mention that I recently switched from MD Management to Scotia. Indeed, they do all the work for you. I got approved within 24 hours. They have free checking, etc, and a really good basic credit card - 1% cashback (my current CC is through BMO and has 0.5% cashback with no fee). So not only am I moving my LOC to them, but I will also close my checking and credit card accounts with BMO. Why did you switch? Link to comment Share on other sites More sharing options...
future_doc Posted November 3, 2012 Report Share Posted November 3, 2012 I intend to look at Scotia too switching from the bank referred to me by MD Management as apparently(?) we have a better shot of the loan remaining at prime throughout payment. Link to comment Share on other sites More sharing options...
Jochi1543 Posted November 4, 2012 Report Share Posted November 4, 2012 Why did you switch? Needed my limit raised by like 5K, MD Management wouldn't do it. I guess they'd rather stand by their principle than receive several years' worth of interest payments from me, lol. Link to comment Share on other sites More sharing options...
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