You may or may not have noticed something new on our homepage. No, we’re not just talking about the redesign we launched a few months ago; in some ways, this is even bigger than that. We’ve mentioned it in passing here and there, throughout our last few posts, but now that we’ve officially shown it off to friends and colleagues in the personal finance community, it’s time to finally share the big news.
After 5 years of operating solely as a mortgage rate comparison website, RateHub.ca has officially entered the credit card space. We’ve taken everything we’ve learned about providing the best financial tools to Canadians, along with our passion to offer the most thorough educational resources, and created what we believe will truly help our users match themselves with the best credit cards in Canada.
As the video explains, our credit card comparison charts will help you find out which credit card(s) should be in your wallet. By telling us what type of rewards you want to earn, and inputting your monthly spending, we can calculate how much the net rewards for all the cards on our site would be and give you a real dollar value for them. On top of adding up your spending rewards and the value of your sign-up bonus, we subtract the annual fee (if any) to tell you what you’ll really get from a card. There’s no more guessing – we’ve done the math for you.
As you begin to look through the all the travel rewards credit cards on our site, you’ll also find that we’ve highlighted the travel insurance benefits that come with each card, as well as provided videos that explain how to redeem your points. Finally, similar to what you’ve come to expect from our mortgage education centre, we published a 30-page credit card education centre that answers every question you could have, from how credit cards work, to what to consider before applying for a credit card, how all their various insurances work and more.
Last Thursday, we invited some of our favourite financial journalists and personal finance bloggers to our office in Toronto, so we could show off the new tools for the first time. These people know, perhaps more than most, that credit cards aren’t a one-size-fits-all solution. We all have different monthly budgets and personal spending patterns, which means there’s no one credit card that’s right for everyone. In playing around with the tools, the comparison chart proved this over and over again. And the response was great – so now it’s time to share our new tools with you.
We hope the way you’ve come to trust our mortgage calculators will be true of our credit card comparison charts + credit card rewards calculator. And, as always, we’re open to feedback. We want to know what you love about these new features, and what you’d like to see from us in the future. Since we first launched in 2010, our goal has always been to provide Canadians with the tools they need to make educated financial decisions – and that will be true for all financial verticals we enter. Credit cards are just the beginning of what’s to come from RateHub.ca.
We hope you like what you see!