Best Rewards Credit Cards in Canada
Top Picks – Canada’s Best Rewards Credit Cards
Receive a 25,000 points Welcome Bonus by spending C$1,500 within the first three months of your account opening. That’s enough for a round-trip Fixed Mileage Flight across North America.
Our Top 3 Picks
What Are Rewards Credit Cards?
The basic idea behind the best rewards credit cards in 2020 is the same, although the programs come in varying formats: you receive a set number of points for each dollar spent.
You can redeem your points for various types of rewards once you’ve earned enough, depending on the specific card. These include:
- Hotel rewards cards, which allow you to receive free stays at participating hotels
- Travel rewards cards, where you earn points toward travel expenses, including flights
- Dining cards, which give you rewards points when you dine out
- Auto rewards cards, where you get points toward car-related purchases and gas.
How Rewards Credit Cards Work
Each purchase you make with this type of credit card gives you the opportunity to earn points, which you can later redeem for hotel rooms, flights, cash back, and other rewards. Seventy percent of Canadians pay off their balance each month, thus escaping interest charges. If you’re one of them, a quick search for the best rewards credit cards 2020 is an excellent way to benefit from making daily purchases. Credit cards do not exist merely to assist you in spending money. You can receive benefits by just doing your routine shopping if you select the correct one for your lifestyle. The important thing is to pick a credit card that has a useful and robust rewards program that works for you.
How To Choose The Best Rewards Credit Card for You
Think about your spending patterns when trying to decide on the best rewards credit cards for you. Your card should let you earn points when purchasing the things you would be buying anyway. If you’re a frequent business traveller, for inst travellers a credit card with hotel rewards that give you extra points for hotel stays would be a smart choice. Someone who drives a lot would profit from an auto rewards credit card, while a large family would do well with a rewards card that earns points at the supermarket where they shop most frequently.
Conclusion – The Best Rewards Credit Cards Give You Easy Ways to Save
There is indeed a card that suits every shopper; given the many excellent rewards programs from which Canadians can choose. Find the best rewards credit cards for your shopping habits, begin earning points, and redeem those points for dining, travel, gifts, or groceries. Saving has never been easier. Rewards Credit Cards work on a pretty simple principle – spend more to earn more. Offering a variety of perks such as cash back rewards, points and sign-up bonus – rewards credit cards let you earn money each time you spend money. This is a win-win situation for consumers and a great way to save while you spend. With so many options to choose from, we are here to help Canadians choose the best rewards credit card.