The customer loyalty plan that ‘leaves all the others in the dust’


PC Optimum is a powerful contender for the client loyalty plan with probably the most buyer loyalty.

I requested publication readers not too long ago which buyer loyalty plan does the perfect job of serving to them offset impact of inflation on their family spending. As an example, I cited an $87 buy at Customers Drug Mart that ended up costing $17 after I used a bunch of PC Optimum factors.

Roughly 80 folks responded by e-mail and near half of them talked about PC Optimum as their favorite buyer loyalty program, or one which they used. Air Miles was additionally talked about quite a bit, as was the Canadian Tire’ Triangle Rewards. However PC Optimum, provided at Loblaws grocery shops and Esso gasoline stations in addition to at Customers, emerged because the favorite.

One reader mentioned he has collected Canadian Tire cash because the Fifties and in addition makes use of Air Miles and Aeroplan. “Nonetheless the PC Optimum program leaves all the above within the mud,” he wrote by e-mail. “There isn’t a month that goes by that I don’t get a minimum of $20 off my grocery invoice simply by shopping for issues that I would like.”

I additionally heard from some skeptics about PC Optimum and different loyalty applications. Their message was that costs could also be greater at shops providing reward factors, which implies you’re financing your personal rewards. “One factor that bugs me is that quite a lot of the merchandise at Customers are cheaper on Amazon,” one reader wrote. “So am I actually getting one thing free/cheaper with the factors or did I simply spend extra all yr?”

I discover that Customers usually has stuff I would like on sale. And readers report all types of methods for squeezing further worth out of their PC Optimum factors. Listed here are three latest posts from private finance bloggers on this subject:

-Creditcardgenius: Your genius guide to maximizing PC Factors

-Cash We Have: PC Optimum points guide

-Savvy New Canadians: Seven Ways to maximise your PC Optimum factors

A number of different useful recommendations from readers:

-Take a look at Flipp and Reebee, apps that enable you to discover the perfect offers on the groceries you want.

-PetroCanada’s Petro Factors program helps lower the price of gasoline, which appears to be getting dearer by the day

-Cashback bank cards can be a assist – Right here’s a latest record of top cashback cards with and with out annual charges.

One closing level is that Aeroplan generated some optimistic feedback, even when it’s a journey rewards program. “I ‘d wish to reward Aeroplan right this moment,” one reader wrote. “It’s been improved since Air Canada took over.”


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Rob’s private finance studying record

The very, very small condominium

A take a look at a Toronto man’s 184-square-foot condominium, with hire at $700. How do folks survive in a metropolis with excessive rents and home costs? Right here’s one reply. Now for some ideas on shopping for a tiny house versus a rental.

A retirement readiness guidelines

An inventory of monetary matters to attend to if you happen to’re one to 5 years away from retirement.

How you can put money into actual property if you happen to can’t afford a home

A take a look at investing apps that permit folks to buy fractional shares of residential and industrial properties. Some useful feedback from a monetary planner. Right here’s a column I wrote on these new funding automobiles: The millennial and Gen Z dream of residence possession is being exploited in ways in which simply make homes dearer.

Canadian dividend kings

Value a glance if you happen to’re out there for blue chip firms that recurrently increase their dividends. There isn’t a higher inflation hedge than a inventory with a powerful file of accelerating its dividends yearly.


Q&A

Q: Is it higher to pay my annual municipal taxes by myself or have my financial institution pay them and add the tax portion to my mortgage fee?

A: I favor to deal with my very own property tax funds. I put one-twelfth of our property tax invoice right into a high-rate financial savings account every month after which pay our property taxes as billed. In Ottawa, that’s twice- yearly. I resolve precisely when to pay, and an – OK, small – quantity of curiosity is made on the cash whereas it accumulates. The financial institution choice does take one factor off the record of non-public finance particulars in your life.

Do you’ve a query for me? Send it my way. Sorry I am unable to reply each one personally. Questions and solutions are edited for size and readability.


Right this moment’s monetary device

Rip-off alert: The Ontario Securities Fee’s GetSmarterAboutMoney web site studies on fraudsters utilizing fake dating profiles to lure victims.


The Cash-Free Zone

Certainly one of my long-time faves. If I Had a Hammer, sung by Peter, Paul and Mary. Extra like Mary, Peter and Paul for this one.


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The customer loyalty plan that ‘leaves all the others in the dust’

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