For the most part, 2022 was a relatively quiet year in terms of changes to the credit card industry (in terms of permanent offers). There was a significant amount of all-time high sign up bonuses, which do not factor into our ranking system. Our rankings are based on the intention of retaining credit cards for the long term, not based on churning.
Today, we have the opportunity to interview Baba Alakija, a Business development specialist with Plastk Financial & Rewards Inc. who will offer more insights on what Plastk has to offer in the rewards world. Thank you Baba for taking the time to answer our questions.
1. Please tell us about yourself and your role with Plastk?
Is it not often that I promote secured credit cards, as they usually do not offer any significant rewards to talk about. However, Plastk changed the game with its Plastk Secured Visa Credit Card.
They currently have a decent offer for Canadian post secondary students looking to work on increasing their credit score. Let’s start with the highlights of the card.
It has been just over a year since our last update (December 1, 2020) of the rankings list. The timing works well to update again this month, since we are coming to the end of the year. Now we get a snapshot of 2021, as we head into 2022.
This past spring, we wrote about the launch of the Plastk Secured Visa Credit Card, which took an interesting take on secure cards.
Today, we want to share with you a first year fee waived promotion for students. First off, let’s highlight the details of the card and discuss the promotion afterwards that runs until October 15, 2021.
In the past, we have not written about secured credit cards much because our blog is focused on earning and redeeming rewards. However, unlike other secured credit cards who do not offer a reward for spending, Plastk offers a one that allows people a chance to earn rewards and build their credit.