Tap here, swipe there, a few online orders in between… most of the time, we don’t think too much about which card we’re using. But choosing credit or debit can make a real difference in how protected you are, how your credit score grows, and what you get back in rewards.
Used properly, a Servus Mastercard® can be more than just a way to pay. It can be a tool that helps you feel better about your money over time.
Why credit often offers stronger protection
Both credit and debit cards in Canada come with protections if someone uses your card without your permission. But there’s one key difference:
- With a credit card, fraudulent charges never touch your everyday account while they’re being investigated.
- With debit, the money usually leaves your chequing account first and is then refunded if the transaction is confirmed as unauthorized.
Servus Mastercard cardholders benefit from Mastercard® Zero Liability protection on unauthorized purchases (as long as you’ve taken reasonable care with your card and report issues quickly). That can offer extra peace of mind when you’re shopping online or on the go.
How credit cards help build your score
Responsible credit card use is one of the most effective ways to build and maintain a healthy credit score. That lines up with what many people are already trying to do to build their credit. A recent Canadian survey found that about 73% of adults in Canada are actively working to improve their credit score.
Things that help build your credit score:
- Paying at least the minimum on time, every month
- Keeping your balance well below your limit
- Avoiding maxing out your card on a regular basis
These habits show future lenders you can handle credit responsibly. Debit cards, on the other hand, don’t typically get reported to credit bureaus, so they don’t help your score in the same way.
Rewards and cashback: getting more from what you already spend
With a Servus rewards Mastercard, eligible purchases earn Servus Circle Rewards® points, up to 2 points per $1 depending on the card you hold. That matters, because 67% of Canadians say rewards are one of the most important factors when they’re choosing a new credit card.
Those points never expire and can be redeemed for:
- Cash back on your credit card balance
- Travel, merchandise and gift cards
- Investments like a Circle Rewards GIC
On top of that, Servus members earn Profit Share® Rewards cash on many products, including eligible Mastercards, so your card can help you get rewarded twice.
Credit vs debit: a quick comparison
Both cards have their place. The trick is using each one where it shines.
Credit card perks
- Strong fraud protection and chargeback rights
- Helps build your credit score with on-time payments
- Rewards and cashback on eligible purchases
- Extra benefits like travel insurance, purchase protection, and extended warranty on certain cards
Debit card perks
- Great for day-to-day spending if you prefer to use existing funds only
- Helps you stay closer to your current account balance
- No monthly bills to manage
Many people use both: debit for everyday small purchases when they want to keep things simple, and credit for bigger buys, online shopping and travel, where the extra protection and rewards matter most.
Used thoughtfully, a credit card doesn’t have to be something you worry about. It can be part of a plan that keeps you protected, builds your credit history, and gives you a little something back on the spending you’d be doing anyway.
Get a Servus Mastercard today!
®Mastercard, World Elite and the circles design are registered trademarks of Mastercard International Incorporated. ®/️™Servus Credit Union, Servus, the Servus circle and all associated logos are the intellectual property of Servus Credit Union.