That answer often depends on how much you spend and where you spend it, because a lot of cards give
you extra rewards for spending in certain categories.
In cases where you get
extra rewards for spending on groceries or gas, we assumed you spend the average amount for Canadians on both (see the Methodology below for details).
Not exact matches
And some credit cards offer a sign - up bonus that gives you
extra rewards for meeting a minimum
spending requirement within the first three months of opening a credit card account.
The Chase Sapphire Preferred ® Card has one of the best sign - up bonus offers on the market, offering up to 55,000 bonus Ultimate
Rewards points after
spending $ 4,000 and adding an authorized user
for that
extra 5,000 points.
Rewards cards can feel like you're getting something
for nothing, or, at the very least, something
extra for your everyday
spending.
It's tempting to use your
rewards points as a justification
for spending extra money during the holidays.
After meeting this
spending threshold, the
rewards you earn with the extra 2 % offered by the Amazon Prime Rewards Visa Signature Card on these purchases will make up for the $ 99 cost of Prime Memb
rewards you earn with the
extra 2 % offered by the Amazon Prime
Rewards Visa Signature Card on these purchases will make up for the $ 99 cost of Prime Memb
Rewards Visa Signature Card on these purchases will make up
for the $ 99 cost of Prime Membership.
TrueBlue Mosaic status after you
spend $ 50,000 on your card (
for 1 year each year), that grants you
extra reward points, complimentary in - flight beverages, priority boarding, and many other complimentary benefits.
For Air Miles we will assume up to 50 % of spending is eligible for the extra rewards, whereas for Aeroplan we assume only 15 % of spending is eligible for the extra cred
For Air Miles we will assume up to 50 % of
spending is eligible
for the extra rewards, whereas for Aeroplan we assume only 15 % of spending is eligible for the extra cred
for the
extra rewards, whereas
for Aeroplan we assume only 15 % of spending is eligible for the extra cred
for Aeroplan we assume only 15 % of
spending is eligible
for the extra cred
for the
extra credit.
Many financial advisers will even make a small allowance in your budget to allow
for a reality check to help you remember there is more to life than just worrying about money, and on occasion you can
spend a few
extra dollars on something that will
reward you
for the efforts in tackling your debt problem.
Using credit cards is great
for rewards and
extra purchase protection, but it's easy to
spend more than you can afford.
Typically, there's a minimum
spending requirement you'll have to meet to qualify
for the bonus, but if you're planning a big trip, snagging those
extra rewards shouldn't be a problem.
The Chase Sapphire Preferred ® Card has one of the best sign - up bonus offers on the market, offering up to 55,000 bonus Ultimate
Rewards points after
spending $ 4,000 and adding an authorized user
for that
extra 5,000 points.
The main perks that cardholders can enjoy as Ultamate
Rewards Credit Card members are you will earn 1
extra point
for every $ 1
spent at Ulta Beauty which equals double your points.
This card can help you qualify
for elite membership with Southwest, earn
extra Rapid
Rewards points through bonuses and everyday
spending and even help you qualify
for a Companion Pass.
Otherwise you should probably opt
for a travel
rewards card with annual fee like the American Express Blue Sky Preferred since the additional
rewards are easily worth the
extra money you
spend each year.
For example, the American Express Platinum Card grants you 50,000 Membership
Rewards points after you
spend $ 10,000 and an
extra 25,000 points after you
spend another $ 10,000 on qualifying purchases within the first three months of getting your card.
Rewards cards can feel like you're getting something
for nothing, or, at the very least, something
extra for your everyday
spending.
Each travel
rewards card has a different category of bonus
spending that allows it to accrue
extra points
for specific types of purchases.
The fact that you get 2 miles
for every dollar you
spend is much better than many other travel
rewards cards that offer just 1 mile
for every dollar you
spend and
extra miles only in certain categories, like when you purchase travel or gas.
The Bank o f Americ a Cash
Rewards Card offers 1 % cashback on all of your purchases with an
extra 2 % back at grocery stores or wholesale clubs, and 3 % back on gas
for your first $ 2,500
spent each quarter.
This card
rewards just 2 AAdvantage miles per $ 1
spent on American Airlines purchases, and 1 mile per $ 1 on everything else — no
extra miles
for hotels and car rentals like we see in the Aviator Silver.
We were happy to learn that most consumers use credit cards
for the sake of convenience or to save money via
rewards programs, but the fact that so many people treat credit cards as
extra spending money is disturbing.
While the going rate
for Membership
Rewards ® points is one point per dollar
spent, there are several scenarios where a Gold cardholder can earn
extra points.
While you shouldn't
spend extra just to get certain
rewards, getting something back
for purchases you already make can be helpful.
Bottom Line: Get automatic Silver status and
extra Elite Credits
for spending on the Chase Marriott
Rewards ® Premier Credit Card!
«With the Chase Ultimate
Rewards shopping portal,
for example, you can often earn an
extra five to 20 points per dollar
spent at certain stores.
This card does have a $ 95 annual fee, but the
extra generous cash
rewards can make up
for the cost if you
spend a lot at the pump each year.
If your annual
spending on restaurants, gas stations and supermarkets (combined) is higher than $ 15k, go
for the Hilton Honors Surpass ® Credit Card - the
extra rewards justify paying the annual fee.
Simply visit your airlines
rewards site to earn an
extra 1, 2, or even up to 5 miles
for every dollar you
spend at select online stores.
The PayPal
Extras MasterCard is a
rewards card that offers one point
for every dollar you
spend, which you can then redeem
for gift cards, travel, merchandise, or cash back into your PayPal account.
Other
reward bonuses tied to specific retailers, such as
extra points
for spending money on specific restaurants, weren't factored in.
On too many occasions I've seen managers,
for example,
spend $ 15 of capex and tie up $ 15 in working capital simply to make an
extra $ 1 of profit — and then they get
rewarded for it!?
Challenge yourself to
spend less than your budget allows
for, and
reward yourself by putting half the
extra money into savings and the other half to further pay off current debts.
Even though you'll be earning
extra points through the
reward shopping portal, it makes sense to multiply this bonus by also using a card that will give you a good
reward for the
spending you're doing.
At the time of writing, we searched
for Gap and found an offer of 2
extra Rapid
Rewards points per dollar
spent on Gap.com purchases.
You also are
rewarded with
extra points
for spending on certain travel - related purchases with your card.
For example, last month the Southwest Rapid Rewards Shopping portal offered an extra 300 Rapid Rewards points for every $ 175 spent at its port
For example, last month the Southwest Rapid
Rewards Shopping portal offered an
extra 300 Rapid
Rewards points
for every $ 175 spent at its port
for every $ 175
spent at its portal.
Earlier this week, Chase announced that people with certain credit cards, including the Chase Sapphire Preferred ® Card and the Chase Sapphire Reserve ℠, can earn one
extra Ultimate
Reward point
for each eligible dollar
spent when making purchases through an eligible mobile wallet service.
Further, you earn an
extra Membership
Reward for every dollar
spent at grocery stores, gas stations, drug stores and travel.
It earns an
extra Membership
Rewards point
for every dollar
spent at grocery stores, gas stations, drug stores and on travel purchases.
If you want decent
rewards without having to
spend extra money on an annual fee, then no annual fee cards are suitable
for you.
Bottom Line: Get automatic Silver status and
extra Elite Credits
for spending on the Chase Marriott
Rewards ® Premier Credit Card!
Each travel
rewards card has a different category of bonus
spending that allows it to accrue
extra points
for specific types of purchases.
There's also a few sold by SVM that won't earn any
extra points, so just use a card that will give you maximum
rewards for non-bonused
spend.
Typically, there's a minimum
spending requirement you'll have to meet to qualify
for the bonus, but if you're planning a big trip, snagging those
extra rewards shouldn't be a problem.
On top of the
extra rewards that you can earn there is the added benefit of getting a monthly statement reporting all of your
spending for better record keeping.
But this version is improved if you
spend $ 25,000 on the card because
for that $ 25K worth of
spend, you'll be
rewarded with an
extra 25,000 miles.
Extra Membership
Rewards ® points at amextravel.com 2x Points Membership
Rewards - enrolled Card Members get at least 1 Membership
Rewards ® point
for every eligible dollar
spent on their Membership
Rewards program - enrolled American Express ® Card.
If you're paying $ 30 more per year in annual fees
for your 2 % travel
rewards card, you'll need to
spend an
extra $ 1,500 each year just to get yourself back to even.