I never ever want to recommend credit cards to anyone who is frugal - it's much too easy to spend spend spend money away. Even if you are frugal, a credit card can start the downward spiral into consumer debt. Not good.
Nonetheless, if you pay off your card balance in full every month, and if you are disciplined, you can make use of a credit card to earn points, dollars, or whatever else.
The best card we have gotten so far, hands down, is the MBNA Smart Cash card. It's a platinum card, so your rental car insurance is covered. As far as the card, for the first 6 months, you get 5% back on groceries and gas. All other purchases are 1% back. After the first 6 months, you get 3% back on groceries and gas, as well as 1% back on everything else. The rebate comes in the form of a cheque every month.
If you're like us, and you just get groceries and gas most of the time, then this is for you. There are no fees as well.
We've ditched our PC Mastercard, as it only gets you 1% back on everything, and it ties you down to having to buy at Superstore.
Happy Canada Day!
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