For nearly a month now we have been looking at how you can use your loyalty programs and credit cards to help you out financially during these difficult times. In many of our articles we talk about the liquidity of your points, miles and even cash back as there is a lot of variation from each of the programs and card issuers. It is the latter where much of that variation comes in - that is how quickly or how easily can you access your credit card points or miles or cash back to help lower your credit card statement balance.
The reason we look at this is front and centre in our news and world today. Thousands of Canadians are being laid off from work or are working much less hours from home or at their workplace and this means lower to even no income. On the date of publishing this article a survey reported that 49% of Albertans were already feeling a financial pinch. That's where you can look at your credit card reward programs as source of financial aid by using the rewards or cash back to help pay down your expenses. We won't go into huge detail in this article since we have covered it in great depth in the following articles:
- Shifting your loyalty program strategy to help during these trying and tough financial times
- In
light of what's going on in the world should you shift to a cash back
credit card instead of a travel card? Why not a card that has both?
- Use Instacart to circumvent Loblaw stores non-acceptance of Amex and to earn 5x points with the Cobalt Card
- Low Interest Credit Card Options
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