Best Rewards Credit Cards in Canada
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REWARDS CREDIT CARD GUIDE
Whether looking for cashback, travel, coalition or visa rewards there is a credit card rewards program for you. There are several things you should check-off before deciding on whether a rewards credit card is right for you and how to choose the best rewards credit card.
First, only get a rewards credit card if you are committed to paying off your bill at the end of every month. If you plan on keeping a balance, you will always do better with a low interest credit card or a cheaper line of credit. With typical interest rates of 19.99%, your interest costs will quickly eat away at the 2%~ of rewards value you’ve earned.
When deciding on which rewards credit card to select, you should first decide on what type of rewards interest you (cash, travel, movies, cars, groceries), how much you plan on spending with your rewards credit card, and which merchant categories you plan on spending in. Answering those questions will narrow down the field of credit card options. If you don’t want to commit to one credit card, you may want to avoid an annual fee and select a free credit card.
Then, use a comparison tool to determine which credit card is best for you. A credit card comparison tool, will help calculate the value of each point, the value of the welcome bonus and annual fees. Lastly, enjoy it and don’t carry a balance!
If you want something other than a rewards credit card, go back to the home page and use our engine to help you find the best credit card for your needs.