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As the cost of living continues to rise, Canadians are looking for smarter ways to spend and save their money. And loyalty programs – where consumers receive points, discounts or rewards when frequenting a specific business – can be an effective way to spend strategically.
Ranking Canada’s best bank loyalty programs – and No. 1 is in a league of its own
Banks, grocery stores, gas stations and other businesses are fighting to attract the attention of money-conscious Canadians, intent on keeping them within their systems with the promise of money saved or rewards earned for being a loyal customer.
But it can be hard to figure out which programs are really worth your time. And when a loyalty program announces a change to its system, it can be unclear whether or not the value is still there.
Opinion: When did loyalty programs get so watered down?
Personal finance writer Barry Choi answered readers’ questions on loyalty programs, how to pick the best ones and when to walk away.
Choi recently published his top picks for banking and grocery loyalty programs in The Globe, based on ease of use and quality of rewards. Read his answers in the comments below.
