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TORONTO– Nine-of-10 Canadians (93 per cent) want a simple way to earn points quickly on their rewards credit cards and a program that is easy to understand with few restrictions, according to a recent RBC Rewards Poll.
The poll found that cash-back rewards (18 per cent) are more popular among Canadians than entertainment (17 per cent) or gas (16 per cent) rewards, and just behind flight rewards (19 per cent).
“We have seen that cash back cards are rising in popularity with 30 per cent of Canadians now carrying this type of credit card in their wallet and finding more value than when they pay using cash,” said Prashant Sharma, vice president of retail credit cards at RBC. “Life can be demanding and some clients prefer a credit card that is simple to use. If you are looking to get more for your money, certain cards offer bonus rewards when you spend on everyday items like groceries.”
The newest addition to RBC’s credit card line up, the no annual fee RBC Cash Back MasterCard, makes getting more for your money easy. With one of the most rewarding bonus cash back offers in the market and no limits to the amount you get back, the new RBC Cash Back gives consumers more back and fast.
RBC Cash Back MasterCard cardholders can earn:
• 2 per cent cash back on grocery store purchase
• Up to 1 per cent cash back on all other purchases
In addition, the new RBC Cash Back MasterCard provides the unique flexibility to get cash back credits when you need them but also allows you to let your card run on autopilot – consumers get to choose. For example, with the new card consumers can simply contact RBC to receive the full amount every time their cash back credit balance exceeds $25, or let it accumulate all year for a cash back credit on their January statement. The statement also shows clients’ cash back credits accumulating month over month.
Best of all, because the cash back bonus is available on most popular grocery merchants there are no commitments to do your grocery shopping at one retailer to take advantage of your rewards. The new RBC Cash Back card gives you the flexibility to shop around for your grocery deals and maximize your savings.
Sharma offers the following tips to maximize the cash back options when you use your credit card:
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Focus on the bonuses: Look for a cash back credit card that gives more
on everyday purchases or bonuses, such as spending at grocery stores.
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Consolidate your spending: Align your spending to one or two rewards programs that you believe in. Cash back cards typically offer more value the more you spend. However, it is important to spend smart rather than
spend more. Consolidating your spending also allows you to manage your budget in one place.
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Make it automatic: You can watch your cash back rewards add up quickly if you also use your card to automatically pay monthly expenses such as utilities, daycare, mobile phone, tuition, gym memberships and
newspaper subscriptions.
Further advice on credit cards or to apply for a cash back credit card can be
found at http://www.rbcroyalbank.com/credit-cards/cash-back-credit-card/" rel="nofollow">LINK
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