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You Snooze, You Lose: 9 in 10 Canadian debit shoppers are missing out on significant returns
You Snooze, You Lose: 9 in 10 Canadian debit shoppers are missing out on significant retu...
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[{"type":"text","content":"\n \n \n \n You Snooze, You Lose: 9 in 10 Canadian debit shoppers are missing out on significant returns\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n PC Financial Survey shows how Canadian shoppers can make their money work harder for them with the PC Money Account.\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 28, 2022\n \n \n /CNW/ - While debit usage in\n \n Canada\n \n clocks in at an impressive 29% of purchases, nearly 90% of Canadians aren't using a debit card that rewards them for these purchases. According to a new survey from PC Financial* as many as 7 in 10 Canadians are not aware there are accounts, like the PC Money Account, that will reward customers for spending their own money. Meanwhile, a whopping 7 in 10 Canadians (73%) believe people using non-rewards debit cards are missing out on significant returns.\n \n \n \n \n \n \n \n \n \n \"With the cost of many items on the rise, people are increasingly looking for ways to make their money go further,\" says\n \n Barry Columb\n \n , President, PC Financial. \"Canadians are telling us that they want the option to pay with their own money but aren't feeling rewarded by debit. That's exactly why we launched the PC Money Account which is like debit, only better since it gives customers PC Optimum points that can help cover essentials like groceries, gas, cosmetics, and clothes.\"\n \n \n \n \n \n The Psychology Behind Spending with Debit\n \n \n \n \n \n \n The study investigated the reasons why Canadian shoppers prefer to use specific payment methods.\n \n \n The top reason people prefer to use their debit card over other forms of payment is to have control over their spending (33%).\n \n \n \n \"Having deliberate control over spending is one of the pillars of financial well-being,\" says Dr.\n \n Moira Somers\n \n , a\n \n Winnipeg\n \n -based clinical neuropsychologist who focuses on financial psychology. \"But spending can be influenced by hidden factors outside of our awareness, and this often results in overspending. On...