Who offers the best credit card? It’s time to crown the champion of our Credit Card Faceoff series! Last week, we paired the top offerings from big banks and let the cards’ features fight it out over the trifecta: Rewards, Cash Back and Low Interest. The prize? More money in YOUR pocket! Read on to find out how our champ will reward you.
We compare RBC and TD credit cards head-to-head in the second round of our credit card face off series. For consumers, choices abound, whether you’re on the hunt for low interest or rewards credit card options.
According to the Canadian Bankers Association, Canadians collectively held 74.5 million Visa and MasterCard credit cards in 2011. That works out to nearly three cards per adult. And that’s just Visa and MasterCard cards. With millions of retail cards issued by stores like the Hudson’s Bay Company and The Brick and it’s no wonder our wallets are bulging, even if there’s no cash in them. But how does this compare to others countries? And what are the implications of our addiction to credit?
I bet you didn’t know that the main provider of your plastic has their own rewards program. That’s right, Visa, Mastercard and American Express all have their own incentives to entice you to use their product. Unfortunately, they’re not as well known as the standard cash back and reward options so users may be missing out. Here’s a rundown of some of the perks you may be eligible for with three of the most popular credit card brands out there.