November is a great month. Holiday season has officially started, the warming aroma of hot coffee is in the air, and everyone is gearing up for an eventful Christmas and a happy new year. However, it can also be a great time to apply for credit cards. So let’s look at why you should apply for a new credit card in November.
Holiday Spending
Many people spend a lot more money during November leading up to Christmas than any month of the year. If you expect a huge surge in shopping in November and the days leading to the festive season, it may be a good time to apply for a credit card and take advantage of its sign-up bonuses.
If you have a huge shopping list and you’re expected to spend more than what you usually spend on your credit card, it may be a good idea to get a credit card with a healthy sign-up bonus.
For example, if a credit card offers a $200 cashback on $2,000 of spending within three months and you’re expecting to spend north of $2,000 in November only, it may be wise to get this card because you’ll save $200 on your expenditure.
Other Spending
The holiday season isn’t the only time it is worth getting a cashback credit card. You might also plan a home renovation in November or a holiday in the next few weeks. You should always time your credit card applications to align when you expect your spending to increase considerably.
For example, if you’re planning to spend Christmas abroad or are planning a home renovation project for holiday season, you might be better off applying for a travel credit card or a cashback one to subsidize your expenses.
A travel credit card can offer you points on eligible travel purchases that can be redeemed for future flights, hotel bookings, or more.
Where To Find Top Credit Cards?
If you’re planning to get your hands on some of the best Canadian cashback credit cards, head to Great Canadian Rebates. Our platform lets you compare various credit cards in Canada and helps you select the one that fits the bill! Whether you want credit card rebates or the best cashback card for online shopping, we have it all. Visit our website for more information.