The Best Rewards Credit Cards Of 2017 In Canada
November 10, 2017
Rewards credit cards are a very popular type of credit card in Canada because Canadians love rewards! If you’re going to spend on everyday purchases anyway, you might as well be rewarded for it.
There are various types of rewards programs, so it’s important to choose one rewards program and create a strategy to help you maximize your rewards. Rewards credit cards offer huge sign-up bonuses and this is where you will receive the bulk of your rewards.
A word of caution: typically, rewards credits cards will have higher interest rates. If you stay on top of your credit card payments – then there’s no need to worry. At Borrowell, we love our rewards! Here are the top three rewards credit cards of 2017 in Canada.
- Earn 1 BMO Rewards point for every $1 you spend
- Redeeming points is made easy and flexible
- Low annual fee of $35
The BMO Rewards®Mastercard is great credit card option if you’re looking to use your rewards for travel.
The rewards program is simple: you can earn one BMO Rewards point for every $1 you spend on the card – that’s 1% back on travel, anytime, with no blackout periods. The points are redeemable for merchandise, gift cards, and charitable donations, so you’re not limited to one redeemable purchase category.
Other perks include extended warranty, purchase protection, and zero dollar liability.
The BMO Rewards®Mastercard has an interest rate of 19.99% and a cash advance rate of 22.99%.
- Earn 6 More Rewards points for every $1 spent on purchases at participating locations
- Earn 4 points for every $1 on purchases made elsewhere
- No annual fee
The Scotiabank® More Rewards® * Visa* offers enticing sign-up bonuses, offering 15,000 More Rewards points when you make your first purchase in the 90 days.
With the More Rewards program, you will earn 6 points for every $1 spent on purchases at participating locations and 4 points for every $1 on purchases made everywhere else. There’s also no limit on the number of points you can earn and no annual fee, either.
Some perks of the Scotiabank® More Rewards® * Visa* include purchase protection and the ability to have multiple cards on one account to earn rewards quicker. The interest rate on this credit card is 19.99% and 22.99% on cash advances.
Now that you know the best rewards credit cards in Canada, it’s time to start earning.
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