As a business owner, it’s vital to provide your customers with positive experiences. When you provide more value to consumers, they become more likely to make more purchases from you in future. In the case of credit card providers, providing more value to cardholders generally translates into them making more purchases with their cards.
Credit cards that offer rewards are particularly popular. By using them, you don’t just get what you pay for. You get rewarded with points that will inevitably enable you to get something for free. The concept makes you wonder why we don’t all use credit cards that offer rewards!
You can get rewards just for signing up.
An excellent incentive for using a credit card that offers rewards is the fact that you can be gifted for rewards just for signing up for the card. As Natasha Macmillan informs on Ratehub.ca, there are numerous credit cards offered to Canadian consumers that give cash bonuses upon approval. Tangerine’s Money-Back Mastercard and World Mastercard both give $100 cash bonuses to approved cardholders.
Macmillan also highlights BMO’s Eclipse Visa Infinite card and Cashback World Elite Mastercard. They each give a $50 cash bonus. The BMO Cashback Mastercard offers a $25 cash bonus to those who are approved.
Earning rewards can help you to better manage your monthly payments.
There is an added benefit to earning rewards points with a credit card. The entire process can incentivize you to pay your balances off in full. As Miriam Caldwell notes on TheBalance.com, by paying your balance in full each month, you officially attain the rewards points you earned for having made those purchases.
“A rewards credit card is a good choice only if you are already sticking to your budget and truly paying your balance off in full each month,” she warns, “Otherwise, you are not getting the deal that you think you are. Remember, you need to be financially ready to handle a credit card before you can benefit from a rewards card”.
Rewards points can help you to travel.
It should come as no surprise to you that some of the most popular rewards-based credit cards offer points towards travel. “Some people earn hundreds or even thousands of dollars a year in credit card rewards, not to mention free flights or hotel stays,” reveals Caldwell, “If you travel frequently, a travel or airline miles card might be a good choice.”
Macmillan lists the TD Aeroplan Visa Infinite card among those that offer the best travel-based rewards. The card currently enables its users to earn up to $1,000 in value, including up to 40,000 Aeroplan points. You can earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with the card. As well, you can get 15,000 Aeroplan points when you spend $7,500 within 180 days of opening the account.
Does your company accept credit cards?
At Unity Payments, we proudly offer Canadian merchants a variety of high-quality payment terminals to enable them to accept credit cards and debit cards. They include the Poynt Newland 910, the Ingenico Desk/5000, the Ingenico Move/5000 and the Poynt C Smart Terminal. To learn all about your options, please don’t hesitate to call us at 1-800-661-3761. You may also email us at info@unitypayments.ca.
