MONTREAL, April 30, 2014 /CNW Telbec/ - The best Canadian credit card isn't necessarily the one offered by a cardholder's retail bank - it's the one that pays the most or costs the least. GreedyRates.ca has emerged from beta to full release, and is unique in that it shows users how much each Canadian credit card can earn or save them based on their individual profile.
"We're excited to bring GreedyRates out of beta and have seen great consumer reaction already, with growing daily traffic and social interaction" said Marc Felgar, GreedyRates' Founder.
GreedyRates differentiates itself by ranking credit cards impartially based on the value of the rewards earnings or interest savings each credit card offers the user. GreedyRates has converted the points of each reward program to their dollar equivalent value, to help users compare credit cards apples to apples.
Dozens of credit cards reward users with cash back, miles and points. But calculating the value of those rewards is more than most can handle. By combining the dollar value of the sign-up bonus, ongoing rewards, and annual fee with the user's spending habits, GreedyRates gives consumers a clear picture of how much each credit card is worth to them.
GreedyRates doesn't just focus on credit cards from companies that pay it a commission, unlike many other card comparison sites. Nor does it rank credit cards based on which credit card company pays the highest commission.
"We make an honest effort to reveal the true value of each credit card and provide unique rankings for each user based on impartial, transparent, data driven formulas." said Felgar. "No one credit card is best for everyone. But GreedyRates gives Canadian consumers a tool to help them make a smart, informed decision, and find the best credit card for them" added Felgar.
There is no registration required to use GreedyRates. For more information visit www.GreedyRates.ca.
GreedyRates.ca is Canada's newest and most innovative source for unbiased credit card information. GreedyRates.ca, enables consumers to search for, compare and apply for credit cards by converting every point, rewards, and miles program to cash making it easy to compare credit cards apples to apples.
Image with caption: "GreedyRates.ca (CNW Group/GreedyRates)". Image available at: http://photos.newswire.ca/images/download/20140430_C5768_PHOTO_EN_39780.jpg
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