I was pretty excited to see that I accumulated $1,800 in travel dollars on my visa card only to find out I'd been had! Well, maybe....
Sometimes we just accept status quo for awhile thinking we have the best financial products available or maybe we tend to give our local bank all of our business but is it always the best solution for us? Often, we do have the best product available when we first got our cards but our world is dynamic, not static, so what was the best financial product out there simply isn't any longer. With today's competitive world we have to re-think our financial picture, at least annually.
Credit cards are a hopeless mire of confusion...obviously meant to be, to confuse the consumer. I mean why have a two tiered system...." for every dollar you spend you get 3 travel points and you need 10,000 travel points to get a $50 credit towards your travel". Why not say "you have to spend $3,333 to get $50 travel points"? Because it seems like a lot to spend for such a little reward, right? Not only that but some cards offer bigger rewards for groceries and fuel as opposed to purchases made with our "disposable' income...or credit...for that matter.
If you want to do a quick comparison of what is the best deal for you, if you are interested in travel cards, check out this website http://www.rewardscanada.ca/cccompare.html
If your focus is not on travel then this website compares all the cards http://www.redflagdeals.com/deals/main.php/articles/credit6/ and it takes out the ones you want to cull, based on the service provider and some of the more classic features that credit cards tend to reward it's holders with.
In the end it appears shopping "for" a credit card can be much more difficult than shopping "with" a credit card!
