Are you guilty of procrastination? You’re not alone. No matter how productive we are with our time, there are some tasks that we all dread. For me it’s filing my taxes. Since I have self-employment and rental income, it’s quite a time-consuming ordeal.
Credit cards offer us many benefits: consumer protection, better cash flow management and of course, rewards. Although the first two are important, many people sign up for credit cards based solely on the rewards. While signing up for a credit card with rewards that you value is great, would you be surprised to learn that many cardholders never get around to actually redeeming those rewards?
After another exhausting workweek, I was recently going through my mail. I’m used to receiving so many unsolicited offers from banks, so when I saw a letter from Tangerine, I assumed it was another special offer I wasn’t interested in, so I almost tossed it in the recycling without reading it. I’m glad I came to my senses and took the time to review the letter because as I soon discovered, it contained important information about changes to the Tangerine Money-Back Credit Card.
It arrives every month without exception – sometimes by mail, most of the time electronically by email. That “wonderful” credit card statement that shows us how much we’ve spent in a month.
As our motto goes, a credit card is a powerful financial tool when used responsibly. Your credit card can be your best friend or your worst enemy – it’s up to you. Credit cards offer many benefits: consumer protection, reward points and cash flow management, to name a few. But if you’re not careful, you can get yourself into the dangerous trap of only paying the minimum payment.
Credit cards offer many benefits. They’re a great way to manage short-term cash flow, build your credit score and of course, earn rewards. As Canadians, we love our credit card rewards, but that doesn’t mean we love jumping through hoops to redeem them. What was once a rewarding rewards program, can turn into a pain in the neck.
With the month of January coming to a close, it’s the time of something that many of us suffer that I like to call “holiday spending hangover.” By now you’ve probably received your credit card bill for your holiday shopping. Is it more than you expected? You’re not alone. With Canada moving toward a cashless society, it’s becoming increasingly difficult to show spending restraint and avoid impulse purchases (mobile payment sure isn’t helping!).
