Are you getting the most out of your credit card rewards? + MORE Jul 9th

Credit card rewards points are awesome, if you can redeem them for things you actually want. We all have different goals and plans, and on top of that our spending habits and needs can change over time. That’s why having lots of options to choose from is key to a worthwhile rewards program. Let’s look at how to pick one that suits your lifestyle—for today and in the future.

How to choose a rewards program

When it comes to selecting the best credit card rewards program for you and your lifestyle, there are two major considerations to take into account:

Reward options

One of the first things to look for in a rewards credit card is whether it offers the experiences and items that you really want. You’re more likely to find them in a card with a rich rewards catalogue.

The MBNA Rewards Platinum Plus Mastercard* is a prime example. When you use this card for everyday purchases, you collect valuable points you can redeem toward anything on the MBNA Rewards website, including travel, brand-name merchandise, gift cards, cash back and even charitable donations…

Aeroplan has come out with another buy or gift points promotion where you can earn up to a 100% bonus. This tiered offer sees bonuses ranging up to 100% depending on how many points you buy. This offer runs until July 20 2022 and allows members to buy up to 500,000 points per transaction up to the annual limit of 1 million points. If you buy points at the 100% level your cost on each point is 1.75 cents (C$) each before taxes. Since we value Aeroplan points at a minimum of 1.5 cents each you would think it wouldn’t make sense to buy them 1.75 cents each but over the past year or so we have shown Aeroplan redemption examples of 4.35 cents to over 6 cents per point in value. In those cases where you can extract 2 cents per points or more in value it can make sense to buy points as you would end up saving some cash on your trips!Offer details:Receive up to a 100% bonus when buy Aeroplan points online. Valid until Jul 20, 22 Buy points here. Here are some more Aeroplan offers:  100% bonus Aeroplan SQM, SQS, and SQD on Air Canada-operated flights to Europe in Economy Standard fare or higher when members book with cash…

Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more.  Sometime over the past month or so there were some changes to the Laurentian Bank Visa Infinite Card. It no longer has a welcome bonus offer (the 8x points) or first year annual fee waiver. They have also reduced the pre-authorized debit earn rate from 3 points per dollar to 2. I’m not entirely sure when the earn rate change happened as I don’t check on this card as often as others but thought I would pass it along nonetheless. Learn more about this card here.Image via Laurentian Bank — You can receive 25 bonus AIR MILES Reward Miles when you redeem Cash Miles (95 Miles for $10) at Safeway or Sobeys until July 13. Click here to learn more.Image via AIR MILES —Be sure to subscribe to the Rewards Canada News email newsletter so that you don’t miss out on any loyalty program news and offers! You can subscribe to the newsletter here Posts since our last update:Buy or gift Aeroplan Points with up to a 100% bonusNational Bank’s new 5x points multiplier may not be as good as we originally thoughtTop Cash Back Credit Card Sign Up offers for July – These cards provide the best value out of their welcome bonuses12 new American Express Cobalt confirmed multipliers and it was a short tenure for Red Roof Inns in CanadaDeals: Marriott Bonvoy Escapes – Save up to 20% at over 1,600 Marriott Hotels Worldwide…