The credit card usage landscape in Canada is evolving by the day. People have dramatically transitioned towards better financial planning and savings with premium credit cards available in the country.
Credit cards have long been associated with liability and monetary obstruction. However, newer trends in this industry have reshaped the way people perceive, use, and benefit from credit cards in Canada.
What’s more, the Canadian credit card market has adapted to changing customer needs. It now offers a wide range of highly beneficial credit card options, ranging from travel credit cards to online shopping cashback credit cards, among others.
So whether you’re a student, banker, doctor, or linked with any other profession, we’re here to help you understand the top credit card trends in Canada. Our experts have also discussed some of the most popular cashback credit card options in this blog. So, let’s get into the details right away!
1. Credit Card Trend #1: Digital Automation
First and foremost, Canadians have embraced the power of digital media for banking, financing, education, marketing, telemedicine, and more. They now realise the critical need for digitalising daily life tasks to increase efficiency and a greater work-life balance. From school kids to adult family members, everyone in the country leverages the internet and modern IT tools in their daily lives.
Similarly, the credit card market in Canada has shifted to online platforms. Not only can you now get a credit card for online shopping, but also enjoy seamless Google Pay, Samsung Pay, and Apple Pay options. These credit cards allow users to enjoy a swift, secure, and simplified experience.
2. Credit Card Trend #2: Rewards and Rebates
Many credit cards are now available with exciting rewards and rebates for the users.
For example, you can check out different travel credit cards, online purchase rebate credit cards, and cashback credit cards on our website to learn about their impressive benefits. Moreover, several credit cards in Canada offer rebates on sustainable purchases. If you want to make eco-friendly home improvements or support sustainable brands, getting a cashback or rebate credit card can be a very good decision.
Great Canadian Rebates collaborates with over 900 well-known retailers. These brands already offer amazing bargains and savings; as a member here, you save even more when you purchase online. Once you’ve registered, you’ll be able to save money with Cash Back Rebates and much more through our coupons, deals, discounts, and special links.
3. Credit Card Trend #3: Enhanced Security Features
Customers often used to avoid shopping online using their credit cards for various security reasons. However, newer products such as the AMEX Simply and Scotiabank credit cards come laced with advanced security features for your peace of mind. These credit cards protect cardholders from online breaches and identity theft. You can enable two-factor authentication, facial recognition, and multi-factor access control on your account for enhanced security.
Canadian credit card companies are constantly making efforts to make credit card usage safer, easier, and more seamless for customers. Learn more about the most amazing cashback credit cards in Canada on our website.
4. Credit Card Trend #4: Travel Credit Cards
Travel credit cards have gained dramatic popularity in Canada. People are increasingly using their travel credit cards for booking flights and fares for domestic and international travelling. These credit cards allow users to gain miles depending on their travel frequency, flight duration, and in-flight purchases.
You can use the collected miles to enjoy free upgrades, luxury lounge access, queue-free immigration, faster airport checkpoint procedures, and more. In addition, certain travel credit cards also offer one-on-one and flight upgrade discounts, especially during the peak holiday seasons.
At Great Canadian Rebates, you can check out the latest travel deals and discounts for the upcoming holiday season. We also recommend you check out the TD First Class Travel® Visa Infinite Card, American Express® Aeroplan® Card, and the CIBC Aventura® Gold Visa Card for amazing travel benefits and air points.
Top Performing Credit Cards in Canada Right Now
Let’s talk about some of the most customer-favourite credit cards in Canada that you should consider applying for via Great Canadian Rebates:
American Express Gold Rewards Card
Canadian travellers have been loving this credit card lately. Whether it’s about enjoying enhanced travel benefits, better flight coverage, easy lost luggage recovery, or travel insurance, this credit card has got your back. The American Express Gold Rewards Card also offers expanded dining discounts, lounge access, flexible and quick reward redemption, and more.
Walmart Canada Cashback
As one of the household brands in Canada, Walmart never disappoints its customers. It has launched co-branded credit cards that offer exciting cashback and discounts to cardholders. Moreover, the company has also waived the annual fees and extended warranty, adding to the benefits for the shoppers in the long run.
Scotiabank Momentum Visa Cash Back Credit Card
This particular credit card has also become one of the most high-performing credit cards in Canada. With its multitude of category-specific rewards and mobile wallet integration, the Scotiabank credit card includes zero liability and risk of identity theft. You can enjoy extended benefits using your Scotiabank Momentum Visa Cash Back on different purchases such as utility bills, groceries, gas, and more.
Apply for Top Cash Back and Travel Credit Cards in Canada
If you’re looking for a low-rate cashback credit card for online shopping in Canada, we’re here to help. Great Canadian Rebates is an online platform that provides information on a wide range of major credit cards in Canada. Our wide range of credit cards have something for everyone.
You can check out the most highly sought-after credit cards, like the Scotia Bank credit card and the Walmart Canada credit card, on our website. Moreover, we offer exciting bonuses and rebates to all customers who sign up for a credit card via our website. You’ll also enjoy rebates and cashback if you apply for a credit card via our platform.
Visit Great Canadian Rebates today for more information.