Leveraging credit is something that all U.S. and Canadian consumers must do. Indeed, utilizing the capital made available through a credit card is something that is a typical event in the daily or weekly life of the average adult. In the U.S., credit card users carry an average balance of about $6,200, while spenders in Canada fare slightly better.
But balances and annual fees aside, the power of a credit card really lies in its rewards program. Offering cash back, travel rewards, or other benefits on purchases has become commonplace in the United States, Canada, and in all nations that have developed longstanding credit-issuing brands.
Rewarding yourself with a strong credit card discipline is a great way to boost your financial picture, but it also provides you with some nice rewards to spoil and your loved ones with!
Selecting the best credit card for your needs takes some research.
In order to ensure that you and your loved ones are getting the most out of your credit cards and other financial products, it’s important to do your homework and maintain a strong working knowledge of the offers and solutions that exist on the open market. Maintaining better control over your finances will also boost your credit score too, giving you greater access to new credit cards, cash advances, balance transfers, or loan offers in the future.
For example, the best options when it comes to a cash back credit card for Canada, fall within a few camps. Users who rely on the Scotiabank Momentum card, for instance, will see a fantastic cash back rate, yet pay a $120 annual fee for the ability to utilize the reward.
Others might prefer a card with a lower rate and better balance transfer offers, yet lacking the annual fee that will come out of their available cash flow once per year. Finding the right card for you takes a commitment to learning about all the market has to offer, and not being afraid of change if you find a better deal down the line.
Additionally, just south in the United States, the average adult holds four credit cards (almost double the Canadian figure of 2.2 per person). While American spenders may be laxer with their savings habits, Canadians who take advantage of special financing offers on new accounts or shift their spending to a new card with a higher introductory cashback rate, will find their rewards to be much more substantial.
Treat yourself and your family to cash back rewards.
Having a cash back credit card allows you to make money while you spend money. This will come in very handy for any expenses that you find yourself catching up on. For example, if you’re a dog owner, you may find yourself struggling to front the costs of having an animal to care for. Whether it’s vet bills, grooming charges, dog food, or bedding—the debts all add up!
One of the trademark components of dog ownership is the expense that comes along with your pup—whether they’re a large dog or a small dog. Buying a dog harness, dog food, and toys will cost you a pretty penny if you aren’t diligent with your expenses and finances, yet a credit card’s rewards program can be the perfect way to lock in discounts, cash refunds, and many other capital-saving strategies that can make your life far easier.
Use your credit card cash back or rewards to purchase products such as an optimal dog harness for your pup at stores like joyrideharness.com. Energetic dogs that won’t walk calmly will want a no-pull harness which can be expensive depending on the size of your dog. You may need to buy one that includes a second strap attachment on the front of the harness in order to prevent your puller from making the walks unbearable—especially for those with large dogs.
Take advantage of a great cash back credit card in order to reap the rewards and catch up on some expensive bills.
