Credit Cards Can Be Saving Graces

To call a credit card a “saving grace” may sound like an overstatement to some. But to many others, credit cards come in incredibly handy in tight situations. In the event of an emergency, a credit card is great way to pay for unexpected expenses that aren’t necessarily affordable at the time of their purchase. And then there’s the holiday season. Notorious for encouraging many of us to spend more than usual, the holidays are known for “tight sitations”.

Over the past few years, Canadians have proven that they truly love using credit cards. They have made for some very happy holiday seasons in spite of a sometimes-struggling economy. “In a Christmas season marked by growing economic malaise around the world, Canadians are defiantly fighting back with the best weapon they have: their credit cards,” writes Tavia Grant on the website of The Globe and Mail.

As we’ve mentioned in numerous blogs before, credit cards provide a number of benefits to consumers, other than offering them the freedom to pay off their balances over time. On LoveMoney.com, it is explained that credit cards are actually great ways to earn additional benefits. The site lists some of the best kinds of credit cards for shoppers to use – especially during this shopping-heavy time of year.

Cashback credit cards. “With a cashback credit card you get a percentage of what you spend back in the form of cashback,” reads the website. How awesome is that? Have you ever paid for anything with cash and gotten some cash in return? We’re not talking about getting change, here. We’re talking about earning money for each dollar you spend on your credit card. The site does mention that such credit cards are usually reserved for those with good credit ratings.

Reward credit cards. “Reward credit cards allow you to boost or build up points as you spend which convert into all manner of treats,” says LoveMoney.com. Arguably, rewards points are the most popular reasons to use credit cards over any other method of payment. By simply using credit cards for each purchase, people earn points towards airline tickets, hotel stays, car rentals and many other non-travel related offerings.

0% purchase credit cards. “If you haven’t set aside some cash to help cope with the cost of Christmas a 0% purchase credit card is a great tool to have in your wallet,” insists the website, “These cards don’t charge any interest on purchases for a set period, allowing you to pay off your debt in more manageable chunks.” This just might be the best type of credit card for those who have more expenses coming up than normal.

And that’s most of us, isn’t it? Being able to extend payment over time without the worry of hefty fees related to accruing interest is a huge benefit. Each of the above mentioned cards give consumers something in return for their spending. And that is why credit cards of all types are so popular among Canadian shoppers. Are you offering your customers the ability for them to take advantage of all of these benefits?

Christmas is just under two weeks away. But it’s not too late to start accepting credit cards in your store! You can even upgrade from your current payment provider so that you are using a top-of-the-line POS terminal. Give Canadian POS Corporation a call today at 1-877-748-2884 for more information on how you can be set up with your new POS machine within three days. Happy holidays!