Before I finally decided on getting the Capital One Aspire Travel World Mastercard, I did a lot of research. It got to the point where, even though I knew what I wanted in a card, I was a bit confused and overwhelmed with all the opinions and information online. I wish I had a tool that could break down exactly what the monetary benefits were to each card, based on my spending habits, and the way I was going to use the card.
Fast forward to about a month ago when I was introduced to a really cool website called Can I Pay Less.
This is a unique website because it allows you to input how you spend your money and what rewards you’d like to receive – then the site performs an analysis against all credit cards available in Canada, and within seconds, you get to see the cash value of rewards based on your preferences. What I think the best feature of the site is that it can compare millions of credit card combinations to give you a personalized recommendation for the best credit cards for you to use in combination with each other.
For example, check out what happened when I inputted my data:
This tells me that by using my current Capital One Aspire Travel World Mastercard, based on my average monthly spending habits, I would earn around $390 in rewards. But if I added the Marriott Rewards Visa and used it for spending in restaurants, I could potentially earn a lot more in rewards each year.
If you click on the Card Details button, you will get an even further breakdown of how the rewards would work:
I’d still have to do some additional reading, but this is EXACTLY the tool I wish I had known about last year – or even years ago. It likely would have saved me hours of research when all I really wanted to know was what card was right for me, and whether my combination of cards was working for me.
What do you think of the Can I Pay Less website?