Credit Cards

Cash Back Credit Cards: The Secret To Saving Money While You Shop!

Everyone loves to save money while shopping. While coupons and sales are great ways to cut costs, there is one secret weapon that many Canadians are taking advantage of – cash back credit cards. These cards offer a range of benefits that can help you save money and earn rewards every time you make a purchase.

You practically get a discount on every purchase.

One of the primary benefits of using a cash back credit card is that you earn a percentage of your spending back in cash. For example, if you have a card that offers 1% cash back, and you spend $100, you will receive $1 back. While this may not seem like a significant amount, over time, it can add up to significant savings. Many cash back credit cards also offer higher rates of cash back on certain categories, such as gas or groceries. By using your card to pay for these expenses, you can essentially get discounts on all purchases that you would already be making.

Some have no annual fees.

Another benefit of cash back credit cards is that many of them have no annual fees. This means that you can earn rewards without having to pay any extra costs. However, it’s essential to read the fine print and understand the terms and conditions of the card to ensure that there are no hidden fees.

There are additional perks and benefits.

Cash back credit cards often come with additional perks and benefits. They included extended warranties, travel insurance and purchase protection. These benefits can help you save money and provide added peace of mind when making purchases.

You can increase your credit score.

Using a cash back credit card responsibly can also help increase your credit score. By consistently making payments on time and keeping your credit utilization low, you can demonstrate that you are a responsible borrower. This can lead to a higher credit score over time, which can result in better rates and terms on future loans or credit products.

There is flexibility in redeeming rewards.

Cash back credit cards offer flexibility in how you can redeem your rewards. Some cards offer cash back as a statement credit, which can help reduce your balance. Others offer the option to redeem rewards for gift cards, travel or merchandise. This flexibility allows you to choose how you want to use your rewards, whether it’s to reduce your balance or treat yourself to a vacation.

You can get sign-up bonuses.

Many cash back credit cards offer sign-up bonuses, which can be a great way to earn rewards quickly. These bonuses typically require you to spend a certain amount within a specific time frame, but the rewards can be significant. For example, some cards offer $150 cash back for spending $1,500 within the first three months of opening an account.

Do you accept credit cards at your place of business?

At Unity Payments, we proudly offer Canadian merchants a variety of high-quality POS terminals to choose from. You can easily and securely accept contactless credit card and debit card payments with the Poynt Smart Terminal, the Newland 910, the Ingenico Desk 5000 or the Ingenico Move 5000. To learn all about your options, please don’t hesitate to call us at 1-800-661-3761. You may also email us at