WWW.RATEHUB.CA
NEW CREDIT CARD
COMPARISON
TOOL TRANSLATES
POINTS TO
DOLLAR VALUES
For immediate release TORONTO –
RateHub.ca, Canada’s leading
mortgage rates search engine, is
expanding into credit card
comparisons with a new tool that
empowers Canadians to intelligently
choose the best credit card.
While 29% of Canadians say
rewards/benefits are the top reason for
acquiring a new credit card1, many fail
to understand the real dollar value
return from their cards when taking in
sign-up bonuses and spending
rewards, and subtracting annual fees.
RateHub.ca hopes to change that. In
addition to translating all rewards
programs into dollar values, the site’s
system allows users to enter their
monthly spending in major purchase
categories to generate personalized
card recommendations.
“Each person spends money on
different things, so it makes sense that
there is no one card that is best for
everyone. We will also be the first
website to highlight travel insurance
benefits and show our users how to
redeem their points through videos,”
says Alyssa Richard, CEO and Founder
of RateHub.ca.
RELEVANT FACTS
Canada is now third in the world for completing most
transactions digitally or with a credit card2
There are 76.3 million Visa and MasterCard credit cards in
circulation in Canada, as well as many AmEx and retailer
cards3
More than 91% of Canadians have at least one credit card2,
and 58% of credit card holders have more than one1
There are more than 200 credit cards on the market in
Canada4, including 65 rewards cards offered by the country’s
six largest banks
29% of Canadians say rewards/benefits are the top reason
for acquiring a new credit card1
MORE ON RATEHUB.CA
Founded in 2010, RateHub.ca started as a search engine
for Canada’s best mortgage rates with three employees.
Five years later, RateHub.ca now has over 20 employees in
four offices across Canada and services 300,000 monthly
website users seeking the best deals on financial products.
VIDEO
Follow RateHub.ca’s journey to launch its new tool
through video: youtu.be/4IUPWfVwV0Y
CONTACT
For media resources, please visit the RateHub.ca Press
Centre ratehub.ca/press-centre
Kerri-Lynn McAllister, Marketing Director
416.901.6187 | [email protected]
1 Financial Consumer Agency of Canada
2 MasterCard Advisors
3 Canadian Bankers Association
4 MoneySense Magazine