Credit Cards Terminals

What Are Canada’s Favourite Credit Cards?

Credit cards are very convenient ways to pay for purchases. When you use a credit card to buy something, you don’t actually pay for the item or service right away. Your credit card provider pays the merchant and you pay the credit card provider in the future. For many consumers, the best part of the deal is being able to extend payments over time. Of course, interest is charged if balances aren’t paid in full.

Flexible payments are far from the only benefit that credit cards provide. Canadians especially love using credit cards because of the bonuses so many of them offer. But which credit cards are favoured among Canadians?

Scotiabank®* Gold American Express® Card.

On Rates.ca, the Scotiabank®* Gold American Express® Card is rated as the best credit card for staying at home and ordering in. Naturally, takeout and delivery have become increasingly popular ways of getting meals in the wake of the pandemic. As well, finding ways to be entertained at home has also been a top requirement over the past year and a half. This credit card apparently makes it very beneficial to do both.

“Get five Scotia Rewards points for every $1 spent on eligible grocery, fast food, food subscription and entertainment purchases,” Rates.ca explains of the Scotiabank®* Gold American Express® Card, “Earn three Scotia Rewards points for every $1 spent on gas, transit and select streaming services, like Netflix. Get one Scotia Rewards point for every $1 spent on all other purchases.”

President’s Choice Financial® World Elite Mastercard®.

Heralded at the best family credit card for gas and groceries by Rates.ca, the President’s Choice Financial® World Elite Mastercard® is great for earning points fast. Needless to say, both gas and groceries are essentials. Why not collect rewards for buying necessities? With this credit card, Canadians earn points on purchases at such stores as Loblaws, No Frills, Real Canadian Superstore, Zehrs and Shoppers Drug Mart.

Cardholders also earn at least 30 points per litre when filling up at Esso and Mobil gas stations. “Cardholders also have two ways to earn rewards faster,” says Rates.ca, “The first is to present their PC Optimum card at the checkout and double dip on points. The second is by creating a ‘household’ within the PC Optimum app and pooling points to earn and redeem rewards as a family.”

American Express CobaltTM Credit Card.

The American Express CobaltTM Credit Card is rated the best credit card for young professionals by Rates.ca. According to the website, the card rewards cardholders for their busy lifestyles. It’s a popular credit card for individuals who are both are tech-savvy and ambitious. If you like taking trips to the store, taking rideshares to meetings and interviews, ordering takeout and binge-watching movies or TV shows on Netflix, this card is for you!

“Get five points for every $1 spent on restaurant and food delivery purchases in Canada,” details Rates.ca, “Earn three points for every $1 spent on eligible streaming subscriptions. Get two points for every $1 spent on eligible travel and transit, including rideshare services. Earn one point for every $1 spent on all other purchases.”

Do you accept credit cards as methods of payment in your store?

At Unity Payments, we believe that the easiest and most convenient way for merchants to accept credit cards is with the Poynt Smart Terminal. To learn all about it, please don’t hesitate to call us at 1-800-661-3761. You may also email us at info@unitypayments.ca.

Author

Dan Faraldo

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