Credit card companies are vying for your attention

In an effort to stand out in a sea of rewards, credit card companies are upping their game. It's not just about having the best travel perks anymore. Now, card companies are tossing in extras like meal vouchers and VIP access to events to keep your loyalty. Why? Well, according to RBC's spending tracker, Canadians are spending with an eye towards experiences, like concerts and trips. Credit cards are following suit, dishing out more perks for those memorable moments and cutting deals on stuff Canadians want to save on, like food. Take American Express, for example. It’s got you covered with early access to Formula 1 tickets, special entrances at top events like Osheaga, and rewards for food delivery. However, some cards come with a hefty price tag, so it's essential to consider whether you'll use all the perks, notes Shannon Terrell, lead writer at NerdWallet. Luckily, there are budget-friendly options too, she said, such as RBC cards with free DoorDash delivery for a year and Simplii credit cards offering a $250 transit voucher. And for those seeking VIP treatment, Visa Infinite Privilege and World Elite Mastercard provide a host of exclusive experiences, Terrell said.