News & Resources

Quiz: How Well Do You Know Your Credit Card?

Oct. 25, 2021
5 mins
A woman sits at a table and rests her hand and a credit card against her chin

A 2019 Canada Credit Card Satisfaction Study by J.D. Power revealed that customers are more satisfied with their credit cards when they fully understand how to redeem rewards and can easily access the information regarding their benefits.

The study suggests that cash back is the most popular reward, with 30% of customers choosing this option. The choice of airline tickets was a distant second, with 23% selecting the reward type.

Furthermore, hotel and travel-related benefits were among the benefits with the most influence on the level of satisfaction. However, the study found that cardholders don’t frequently use these perks. Only 2% of cardholders use hotel benefits, and 6% use other travel-related benefits.

You might find that you don’t fully understand what is available through your credit card and how to use the features. By taking advantage of the useful perks provided by your credit card, you may be able to save money. On the other hand, an alternative credit card may be more useful for your spending habits.

Compare credit card rewards and features

It can be tempting to stick with the same old credit card. But, if it’s not rewarding you for your specific spending style, then it may be time to upgrade. By understanding your spending habits and money decisions, you can choose a credit card that can serve you better. Whether you are looking for a credit card with no annual fee or a low interest rate, comparing credit cards can help you find your match.

If perks are your top priority, a card with an annual fee may provide you with extra value and a higher earn rate on rewards. If you have a family who enjoys home-cooked meals, maybe a grocery reward card with fewer perks is more your style. Weigh your options and remember to look at the interest rate, fees, rewards, and benefits. Each credit card has unique offerings that many consumers overlook.

credit card mascot.png

Compare the best credit cards on RATESDOTCA

Find the best credit card for your lifestyle today!

Hayley Vesh

Hayley Vesh is an editor and writer at RATESDOTCA, where she uses her eight years of media and marketing experience to bring content to life. She specializes in money products, including mortgages, home and auto insurance, and credit cards. Hayley holds a Broadcast Journalism diploma from Sheridan College and was awarded the Shaw Media Journalism and Media Award for graduating at the top of her class. Her work has appeared in Global News and diverse digital corporate training materials behind the scenes.

Hayley is passionate about making complex subjects, such as home buying and financial literacy, concise and intriguing. Her personal finance work has garnered media coverage from The Globe and Mail, blogTO, Yahoo! News, and CityNews 680 and has been syndicated across other publications. Before joining RATESDOTCA, Hayley was the digital media manager at ManchesterCF in the financial crime risk management space.

Latest credit card articles

Turn your spending into extra cash with these two Tangerine credit cards
Tangerine credit cards just got more rewarding. New cardholders can get 10% on up to $1,000 in purchases within the first two months and a $125 bonus Amazon e-Gift Card from RATESDOTCA upon approval for a limited time.
Learn More
7 mins read
In the ring: Scotia Momentum Visa Infinite Card vs. BMO CashBack World Elite Mastercard
We compare two of Canada’s leading cash back credit cards in a head-to-head battle, breaking down all the must-know details.
Learn More
12 mins read
Best Aeroplan Credit Cards in Canada for 2022
Get Aeroplan points in more ways than ever before and accelerate your earnings with one of these credit cards.
Learn More
7 mins read

Subscribe to our newsletter

Stay on top of our latest offers, relevant news and tips!

Thanks for joining!

You'll be hearing from us shortly - stay tuned.