A turbo-charged but dangerous way to earn more credit card reward points

The obsessive pursuit of credit card reward points has opened the door for people to put their rent on plastic, as well as their taxes, utility bills, tuition and more.

GetDigs is actually a bargain compared with Plastiq and Paysimply, both of which are listed on the Canada Revenue Agencyas a way to pay your taxes. Kudos to both for transparency – they clearly disclose a 2.5-per-cent fee on their websites for paying taxes . Both Paysimply and Plastiq can also be used to utilities, tuition and other recurring or one-time expenses.

“There are a decent number of cards that have rewards higher than 1.5 per cent,” said Patrick Sojka of, an online resource for travel rewards programs. “So the rewards would be well worth it when paying via the service.” Outside of payday loans, there’s no debt more toxic than credit cards. It’s a certain bet that credit card companies are going to make big bucks off people who drive up their balances with rent or tax bills and can’t pay in full what they owe every month.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple shifts strategy to subscription video, news, gaming services and new credit cardIn a two-hour event at the 1,000-seat Steve Jobs Theatre in Cupertino, Calif., the trillion-dollar behemoth announced a slate of new paid subscription services and a cashback credit card available in the U.S.
Source: globeandmail - 🏆 5. / 92 Read more »

Apple TV Plus unveiled as rival to Netfix rival; News subscription service, credit card also announcedThe iPhone has long been Apple’s marquee product and main money maker, but sales are starting to decline. The company is pushing digital subscriptions as it searches for new growth.
Source: VancouverSun - 🏆 49. / 61 Read more »

Apple tries to take a bite out of credit card industryThe card expands the company’s digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Actually Apple wants to get a large piece of the financial transactions among people ... similar to what WeChatApp does in China.
Source: VancouverSun - 🏆 49. / 61 Read more »