You can find co-branded credit cards offered by retail stores, airlines, and even tech companies. These credit cards help companies because they encourage you to spend money with their organization. If used carefully, co-branded cards can help save you a lot of money. Here’s what to consider.
What Rewards Do You Want?
The first step when considering whether to choose a co-branded credit card is to consider the rewards. If you hate travelling and are on your first flight, you might not want to accept the credit card application the flight attendant is passing out as they walk down the aisle.
However, if you love shopping, then a credit card co-branded with a department store might be right up your alley. Co-branded credit cards can come in all types.
Some examples of co-branded credit card rewards include:
Scene® Visa Card (redeem points towards free movies and meals)
President’s Choice Financial® Mastercard® (redeem points towards free groceries and products at Loblaw and Shopper Drug Mart stores)
TD® Aeroplan® Visa Infinite (annual one-time guest pass to the Maple Leaf Lounge)
Marriott BonvoyTM American Express® Card (annual free night in a Mariott hotel)
Many cards also offer bonus points for certain purchases…