Parents tell son he will create credit card debt with rewards cards

CREDIT CARD BUDGET SAVINGS   I talk about credit card debt on CBB once in a while and I also talk about how credit cards can easily be your friend if you use them properly. Many people use credit cards today rather than carrying cash with them. It’s simple to tap, swipe or insert and enter a pin to pay for a purchase and in most cases it gets you through the checkout faster. We carry credit cards because of ease of use and of course there are perks to using Canadian Credit Cards if you use them wisely. Credit cards have helped many people get back on their feet because they knew money was on the way. One friend of ours was in between jobs and used the credit card to get grocery rewards which helped them to buy more groceries for the family every month. One of our current rewards cards the SDM Optimum has almost 500,000 rewards points which is equal to about $1000 worth of free product. We don’t own the Optimum credit card but if you did you could get even more Optimum points faster.   Credit card debt   How to pay off credit […]

Mr.CBB’s Personal Finance Reading List #7 Air Fare Wars~ Air Canada Price Guarantee!

From Storage Wars to Product Price Wars and now to Air Fare Wars with Air Canada heating up the runway with a promise of an Air Fare Price Guarantee. Yes you heard that right and Air Canada is communicating this to its price savvy customers stating that if they book online they WILL get the BEST price Guaranteed. So, after you book and purchase your ticket “if you find a cheaper price for the same flight, itinerary and fare brand on another Canadian website Air Canada will give you a travel credit $50 plus the difference in the air fare costs”  according to Ben Smith, Air Canada’s chief commercial officer. Wow, I’m impressed although West Jet has something similar promising the lowest prices. This reminds me of the Canadian Tire Price Match Guarantee where they will not only match the price but give you 10% back in Canadian Tire Money to spend in the store. I know I’ve always plotted my purchases around these perks and will continue to do so as long as they are available. I don’t know what it is any more but every where we look competition gets hotter and options just keep getting better although every dollar counts when it comes to saving. […]

%d bloggers like this: