With so many credit card options available in Canada, picking the perfect one that suits your financial activity can be tough. You’d want a credit card with good rewards and payment terms to maximize your credit score and streamline payments.
At Great Canadian Rebates, we help people find high-end cashback credit cards and online shopping credit cards online. Our platform not only allows you to compare different Canadian credit cards but also learn about the latest financial best practices.
In this blog, our team has discussed the most effective tips for choosing the right credit card.
Study Your Credit History
Before you apply for a new credit card in Canada, we recommend you peruse your credit report and assess your eligibility. A better/higher credit score can help you get rewarding payment and interest terms.
A new cashback credit card may improve your credit by making your payment history more reliable and diverse.
Choose a Credit Card Type
Credit cards come in all shapes and sizes.
From cashback credit cards to virtual and student credit cards, modern-day financial institutions have a large array of products for their customers. The best credit card for you will be the one that meets your unique needs. For example, you don’t need a student credit card if you intend to use it for travel, shopping, or entertainment expenses.
Check out our website to learn more about the latest cashback credit cards for shopping in Canada.
Save Interest with 0% APR Credit Cards
An introductory 0% or ongoing low-interest rate is ideal for you if you’re looking for a credit card to save on interest expenses. These credit cards are suitable for emergency expenses such as medical bills or sudden travel expenses.
Low APR credit cards have better balance transfer terms and are good for people with lower/irregular income. However, you must maintain a good credit history to qualify for a low-APR credit card in Canada.
Try Implementing the 15/3 Credit Card Hack
If it’s your first time choosing a credit card in Canada, we recommend you learn about the 15/3 credit card payment hack. It allows you to make two credit card payments every month. In short, the 15/3 rule is a credit payment optimization rule that helps in improving credit scores and lowering interest expenses.
But remember that this rule doesn’t double the payment duration, but breaks it into two parts. The 15/3 hack is helpful for credit card rookies when choosing a credit card with lower interest and higher cashback incentives.
Get Top Cash Back and Online Shopping Credit Cards In Canada
If you’re looking for a credit card with impressive rew ds and cash back. Our online tools can help you find, compare, and contrastquality cash-back credit cards.
You can also purchasedifferent products via our platform and get cash back and rewards!
Visit Great Canadian Rebates for more details.