Debt and Reward Points; what’s the real cost?
The pitch is an intriguing one. “Earn a Free Trip Just by Shopping For the Things You Normally Buy!” Well, who doesn’t want free air fare or accommodations? So you pull out the credit card that offers the free rewards and before you know it you’re Jamaica Bound, in your dreams.
Free is an Illusion
When you have a credit card that offers reward points it feels like the credit card company is thanking you for using them. They are so grateful they want entice to you keep using them and in return you’ll earn reward points. But who’s really reaping the benefits? If you ever do earn enough points to book that flight, what is it really costing you? What is the interest rate you are paying for those points? What is your annual fee? In reality all your reward points are getting you is deeper in debt. And if you do actually get enough points to travel, will you have enough cash to enjoy yourself?
Rewarding yourself, not your debt.
When you’re living with debt that thought of a free vacation is enticing. Maybe transferring the balance from one card to credit card that offers rewards will earn you some bonus points. But before you start shopping for a new bathing suit, see what those points will really cost you in fees and interest rates. If you’re already struggling with debt, forget about rewards points, reward yourself with a first class trip to a new debt free life.
4 Pillars Debt Solutions has been helping Canadians get out of debt since 2002. In fact over 97% of their clients successfully complete the programs they create. 4 Pillars was founded by three professionals who were tired of watching friends lose their businesses to debt. They did their homework, combined their financial expertise and started a company that would ensure no one would be controlled by debt again.
Debt Help without the extra baggage
In Ottawa your 4 Pillars Debt Specialist is Shawn Frank . They will help you reduce your debt by up to 80%. In fact you could be debt free in less than 5 years! After your initial consultation, which is free, they will create a strategy for debt settlement that works for you. He’ll help you navigate financial terminology, he’ll create a plan to deal with your creditors, he’ll work with you to create a realistic budget and then he’ll help you rebuild your credit.
Your solution may be as simple as debt consolidation. Imagine having all of your debt reduced to one low payment. For more information call Shawn Frank from 4 Pillars Ottawa, 613-515-0161. When you have Shawn Frank and 4 Pillars on your team, your biggest reward is freedom from debt.
4 Pillars Debt Solutions. Details at 4Pillars.ca
