{"id":7782,"date":"2015-11-02T09:19:06","date_gmt":"2015-11-02T14:19:06","guid":{"rendered":"https:\/\/mayahoodblog.com\/?p=7782"},"modified":"2015-11-16T20:37:31","modified_gmt":"2015-11-17T01:37:31","slug":"is-your-credit-card-is-providing-you-with-the-best-rate-and-rewards-find-out-with-ratesupermarket-ca","status":"publish","type":"post","link":"https:\/\/mayahoodblog.com\/is-your-credit-card-is-providing-you-with-the-best-rate-and-rewards-find-out-with-ratesupermarket-ca\/","title":{"rendered":"Find out if your credit card is providing you the best rates and rewards at RateSupermarket.ca"},"content":{"rendered":"
I remember getting my first credit card. It was my first year in University and RBC had a student credit card. After much discussion with my parents (I was 17 when I started University), we agreed that it would be a good idea for me to get a credit card in order to start a credit rating. I decided that I would only put gas charges on it. This way I would be able to properly budget and pay off my statement in full every month.<\/p>\n
As time went on, I eventually started putting more and more charges on my credit card. I had a job so I knew that I would always be able to cover my spending, which my parents made very clear was my responsibility! So it was up to me to budget properly. While I always paid off my statements in full, I didn’t save much. It was a lesson I learned early on in life and made some changes immediately when I was 23 and decided to quit my job to backpack around Europe for four months.<\/p>\n
Monkeys everywhere in Gibraltar!<\/p><\/div>\n
Fast forward to present time, and I’ve learned a lot about credit cards, budgeting and saving since I was 17. For example, did you know that if you have multiple credit cards “open”, even if you don’t use them and they’re fully paid off, it could hurt your ratings? That’s why I never opt in to receive a store credit card, even if it gives me 30% off my initial purchase. I always pay of my statement in full on the due date so I don’t accrue any interest charges on my next statement. I’ve also made the decision to put every purchase possible on my credit card (knowing that I’ll be able to pay it off) so I can receive the benefits my credit card provides me, which is travel points.<\/p>\n
For the past 10 years alone I’ve been able to buy tickets for myself and my family for travel across Canada,\u00a0U.S. and even to Europe, all thanks to the travel points I’ve accumulated. Most recently, we’ve used our travel reward points to buy flights for my husband and sons for our upcoming trip to Disney World! I’ve always felt good about the credit cards we’ve been using for our travel rewards and never thought twice about it.<\/p>\n