Canadians are reeling from food inflation as grocery bills climb. However, with the right credit card, savvy shoppers can make the most of the increased costs.
Francois Mathieu doesn’t pay for his annual business trips to Japan. The flight tickets, hotel costs — even the bullet-train fare are all redeemable through his credit card rewards points.
Top features
No annual fee
2% Money-Back Rewards in two 2% categories (like Restaurants or Grocery), 0.5% on other everyday purchases
6 months of 1.95% interest on balances transferred in the first 30 days (19.95% after that)
Good to know
If you deposit your Money-Back Rewards into a Tangerine Savings Account, you get a 3rd 2% Money-Back Category
There’s no cap on the Money-Back Rewards you can earn
There is a 1% balance transfer fee with the promotional balance-transfer offer
If you’re choosing a new credit card and want to make a great, but simple choice, look for a card with no annual fee and cashback rewards. Any rewards program can be fine, but cashback-style rewards keeps it nice and easy because you don’t have to worry about how, when, and where to convert your rewards points.