Would you sign up for a travel rewards card if it meant you could fly right away for free? Massive point and mile sign-up bonuses are the latest favoured incentive from credit card companies, keen on luring customers with the promise of an instant vacay.
While complimentary jet setting is an attractive idea, it’s important for prospective cardholders to look beyond sign up perks and asses the real value offered by a card over time. Be sure to ask yourself the following when choosing a credit card:
- Is it a good fit for my spending habits?
- Is there an annual fee?
- Will it earn rewards quickly and with few restrictions?
- What is the value of one reward?
- How convenient is it to redeem rewards?
Penelope’s Pick: BMO® World Elite™ MasterCard®*