What Canadians want from their rewards programs – and the way they really get it

When you understand what makes a bank card rewards program truly worthwhile—things like flexibility, transparency, and every day earning potential—you’ll be able to get more out of your money. We explore how one can get probably the most out of your rewards, including the no annual fee PC Mastercard, and show how one can turn on a regular basis spending into on a regular basis value.

What do you value most a few rewards program?

When asked about an important aspects in a rewards program, nearly six in 10 Canadians (59%) said it’s what they value most how easy it’s to redeem points. Other vital features include:

• Earn rewards on on a regular basis purchases (55%)
• Flexibility in using points (49%)
• Transparency of point value (48%)

Although most Canadians want such rewards programs beneficial and uncomplicated Only 20% are satisfied with how quickly they receive rewards and only 19% are satisfied with the flexibleness of their program.

“Most Canadians love the idea of ​​being rewarded for spending on what they already do,” says financial expert Eduek Brooks. “However, many are quickly realizing that traditional programs are complicated, slow, and difficult to use. Between clunky apps, confusing point conversions, and long waits for meaningful rewards, people often feel like the hassle outweighs the benefit.”

Tailor rewards to your lifestyle and spending habits

You won’t maximize your earnings in case your loyalty program conflicts together with your spending habits or lifestyle. A card that gives premium rewards on flights won’t do you much good when you travel infrequently. Your points remain unused while your every day spending earns next to nothing.

By switching to a program that rewards your highest spending categoriesE.g. groceries, gas or recurring bills – you earn points much faster. Better yet, search for a card that rewards you with every purchase, so that you earn money irrespective of where you spend money. You also needs to use a program that means that you can do that Redeem points every time and nonetheless you would like. Nobody likes waiting a complete yr to redeem cashback. So select a program that puts you in charge.

“If you really need your rewards to work harder for you, start using them One program for the vast majority of your expenses Instead of spreading the points across many programs,” suggests Eduek Brooks, “If you concentrate your every day purchases in a single place, the points will add up quickly.”

If you are in search of a bank card that participates in a versatile rewards program, PC Financial’s no annual fee Mastercard is an excellent option. You’ll earn 1% back in PC Optimum points on every purchase, plus as much as 4.5% at Shoppers Drug Mart and as much as 3% at major grocery stores – with no earning caps. In addition, if you buy Esso and Mobil you get at the very least 3 cents back per liter. The card is an excellent example of how you’ll be able to get clear added value with every purchase.

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More value, more flexibility: The PC Mastercard approach

Let’s take a take a look at how the PC Mastercard No Annual Fee offers what cardholders really need from a bank card rewards program.

Earning points needs to be transparent and simple

Complex earning and redemption structures likely contribute to Canadians’ dissatisfaction with most rewards programs. PC Mastercard takes the other approach, offering easy-to-use rewards through PC Optimum without the necessity to pursue rotating categories or complicated tiers.

When you utilize your PC Mastercard, every 10,000 PC Optimum points mean $10 off at Loblaw banner stores or a free automobile wash at Esso, keeping things easy and transparent.

You can check your points balance at any time via the PC Financial app, making it easy to trace your rewards on the go

Flexible redemption options

For many, having the flexibleness to redeem points on your individual terms is essential. Once you have earned PC Optimum points, you’ll be able to redeem increments of 10,000 points, be it for groceries or on a regular basis essentials.

They also recently introduced a brand new feature that means that you can use points toward your bank card balance (minimum 10,000 points to redeem $7), supplying you with much more flexibility in how you utilize your points. Without having to attend for reward cycles or card anniversaries, you should utilize your points in your terms and convert your on a regular basis spending into on a regular basis rewards.

Rewards programs are very talked-about amongst Canadians, and almost everyone participates in at the very least one. But it’s price asking: Does your job really reward you?

“Rewards should be seamless and meaningful,” explains Eduek. “When it’s easy to earn and redeem points, people immediately feel the value and keep coming back.”