Whether you’re a frequent traveler or an avid online shopper, a credit card is probably the best choice for you to make your purchases. It keeps you safe from fraud and is also one of the most widely accepted payment methods in today’s cashless economy.

Are you on the fence about getting a credit card? Here are all the reasons why you should have a credit card in Canada.

Provides Purchase Protection

Suppose you get your floor redone by a flooring company, and they seemingly do a satisfactory job, but one day later, one of the tiles becomes loose. What do you do then? You can try to resolve the issue with the merchant, and if that doesn’t work, you can stop their payment until the problem is resolved. This can only happen if you pay with a credit card.

Adds Safety Net for User

If your debit card gets stolen and subsequently misused, you’ll have a difficult time recovering the lost amount. On the other hand, fraudulent and unauthorized charges on a credit card are much easier to recover by raising a dispute with your credit card issuer. They simply investigate your claim and stop the payment until the verdict is clear.

Gives Cash Back and Rewards

One of the best parts of using a credit card is that you’re paid back in credit card currency for each dollar purchase. This currency could be points, miles (for travel credit cards), or something specific to the credit card issuer. The idea is to redeem this currency for rewards when you’ve reached certain levels. You may also get cash back in your account for every purchase. For example, you may get 1% cash back for every transaction, and you can accumulate this cash and use it at your discretion.

Builds Credit History

A solid credit history can help you open a bank account easily, secure a loan, or get a credit card issued in your name. Having no credit history is nearly as harmful as having a bad credit history so you can use a credit card to reach a decent credit score. This is possible if you use your credit card regularly and make timely payments.

It’s Universally Accepted

Whether you’re renting a car or staying in a hotel, a credit card will most likely be a better option than a debit card. This is because car rentals and hotels often retain credit cards to charge the customers for any additional damage that may happen during the service. This way, they don’t have to block an amount as a security deposit and can simply charge the final amount on the credit card.

Compare Credit Cards on Great Canadian Rebates

Before getting a credit card in Canada, make sure to do a comparison of all your options and pick one that gives you the lowest interest rate, the best rewards, and the most discounts.

At Great Canadian Rebates, we can help you compare all the details of all the best Canadian cash back credit cards. Our online platform will help you choose the credit card that meets all your requirements.

You can also apply for the credit through our link and get amazing credit card rebates as soon as your application gets approved. Visit our website to learn more.