Why 2017 is the Year of the Rewards Credit Card in Canada

There is a war going on. It is a war for your loyalty and spending dollars. Credit card providers want your business and they are going to extremes to get you to become loyal to them.

Did you know that credit cards are the most common form of payment in Canada? Over 42% of Canadians turn to a credit card first. Kind of scary right? But with that simple fact, every time a consumer like you or me turns to our credit card, the credit card provider is earning money, and that’s why they want you to use their brand.

Credit card providers are working overtime to get our loyalty. Competing amongst themselves to offer lower interests rates is one arena for battle, but another is rewards programs. This year, more than ever before, credit card companies are offering bigger and better sign up bonuses with more generous rewards programs.

Incentives and perks are getting better and better for Canadians. Points are becoming easier and easier to collect, with payouts becoming more substantial. Cashback cards, for example, are starting to offer higher dividends, while travel options are also on the rise.

Lovers of travel can quickly earn points by regularly using a rewards card. Weekly groceries alone go a long way to building up your tally, but there are many ways to get clever to maximize your point payout.

When selecting a card, look for one with a sign up bonus. Some cards, for example, will come stocked with points valued at $150 or more. It’s also worth looking into the social profiles associated with each card because certain options offer bonus point events connected to retailers. These events earn bonus points when you use your card with an associated retailer, helping you eclipse the cost of a flight even faster.

But while it may seem obvious, don’t let the points blind you. Sometimes when you see your points building up to the point where you can get a free trip you will become inclined to spend more just for the points. As with any credit card, avoid carrying a balance and paying interest charges. A good points system does not equal low interest.

So where can you find the best cards right now? You can check in with your bank, but it’s easier to find a place to compare options from across the board. Check out the LowestRates.ca Find the Right Card comparison page. It’s a good place to see all the different options available.

As we look at the remainder of 2017, and into the years ahead, sit back and enjoy the credit card points wars unfold, as the ultimate spoils will fall to you.

Get the MBNA Rewards Mastercard Credit Card

Looking for a new credit card? One of the good deals right now is the MBNA Rewards Mastercard Credit Card or the MBNA Platinum Plus Mastercard Credit Card offered by RateSupermarket.ca.

Why is this a deal?

Upon approval of the MBNA Rewards MasterCard® or MBNA Platinum Plus®MasterCard® Credit Card you receive $100 gift card for free from RateSupermarket.ca

What is special about these cards?

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The MBNA Rewards Mastercard

  • No Annual Fee
  • 1 % rewards return ( Earn 1 MBNA rewards point for every $1 spent)
  • Redeem points for cashback, travel, brand-name merchandise or gift cards to top retailers and charitable donations.
  • 0.00 AIR Balance transfer ( please read the terms to learn more)
  • 19.99% purchase rate
  • 24.99% cashback rate

With this card, you also receive 5,000 bonus MBNA Rewards points after your first eligible purchase. That is equivalent to $50 when redeemed for cash back or travel.

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The MBNA Platinum Plus Mastercard

  •  No Annual fee
  • 0% promotional annual interest rate on balance transfers ( read the details in terms and conditions)
  • Access to 24/7 customer service
  • Around the clock fraud protection
  • Immediate cash access at over 1 million ATMS world wide
  • 19.99% purchase rate
  • 24.99% cashback rate

As with any credit card, you will want to verify the terms and conditions. To check out this great deal visit the RateSupermarket.ca website.