Credit card rebates, points for online shopping, and travel credits are some of the reasons Canadians opt to get a rewards credit card. These rewards can be quite lucrative when done right. However, most households and credit card holders don’t know how to master the credit card rewards game in Canada.
As mentioned, credit card rewards can be a great way to maximize your spending. You can credit towards trips, gift cards or even money off your monthly credit card bill! However, you do need to be aware of the little tips and tricks to master the credit card rewards game in Canada. Let’s take a look at some of these tips.
You Get Points For Switching
Banks and credit card institutions are more interested in acquiring new customers than retaining old ones. They will offer many rewards and credit card rebates just for signing up to their platform. So don’t hesitate to make the switch if the numbers work out for you and it seems viable to switch to a different payment service provider. Instead of building your points over time, you can get more for just switching!
Spend Your Points
Are you saving up your points to buy something big? This move can backfire. Loyalty and rewards programs get constantly updated, and when they do, the points value of the things you’re planning to buy may go up. As a result, you’d need to spend more points to get the thing you want a year from now. So, spend as proactively as possible to ensure that you are getting your rewards at the right value.
Get Multiple Cards
You can sign up for multiple cards to avail the various rewards and points schemes on offer. If you are a frequent point accumulator, you can consider signing up for the bonuses on offer and then move on to other cards. Be wary of the fees. You need to do a bit of a cost-benefit analysis of whether it is worth signing up and paying the annual fees for the rewards and points on offer.
Speak To Your Card Provider
You can also contact your existing card provider to see whether you qualify for a better card with more points or not. If you want a better deal with your current card, call them and see what they can do. If they can’t do anything about it, it may be time to shop for a better card that provides a decent rewards/loyalty structure.
Where To Find the Best Rewards Credit Cards in Canada?
If you’re planning to maximize your rewards game in Canada, it is time to look for a card that provides a good loyalty platform. Great Canadian Rebates is an online platform where you can compare various credit cards on offer, their rewards structure and more and select the one that best suits your needs.
Whether you want a travel credit card or the best cashback card for online shopping, we have it all. Visit our website for more information.