NY Fed: Credit card applications up, rejections down + MORE Jul 19th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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Save up to 25% at five of Marriott's Canadian mountain resorts + MORE Oct 17th

 Marriott has a lot of different discount offers and codes out in the market that provide various savings at their locations in Canada and around the globe. Many provide discounts in the range of 15 to 25% and this offer is at the level of up to 25% off. When using promo code D3Q you'll get up .... More »
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Amazing Race Canada payment card: The no fee BMO CashBack Mastercard - is it any good? + MORE Jul 25th

If you are The Amazing Race Canada fans like the Rewards Canada family are, you'll have seen on the newest season of the Amazing Race Canada the teams have new payment cards. As we have seen in past seasons when Interac, Scotiabank and BMO sponsored the race, this season we see BMO return as the pay.... More »
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Payment processing firm cuts Amex credit card interchange fees by 50% for small businesses + MORE Mar 5th

The Canadian Federation of Independent Business has struck a deal to get its members much lower fees on credit card purchases when customers pay with an American Express card and use..... More »
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Best credit cards for extended warranties + MORE Dec 12th

Before you buy an expensive item, check out what kind of extended warranty your credit card offers and choose the one with the best coverage.... More »
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Benefits, fees, hidden perks: Choosing the right credit card for your lifestyle + MORE Mar 6th

Critical to building a credit history, credit cards are a rite of passage into financial adulthood. Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step. Cindy Marques, certified financial planner and director at Open A.... More »
Walmart’s threat to ban the use of Visa cards at its Canadian stores gets underway today in the northwestern Ontario city of Thunder Bay.

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Consumers applied for credit cards at a record rate in a June survey, according to the Federal Reserve Bank of New York

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BURLINGTON, Ont. – Ikea Canada is adding a PayPal payment option for online purchases from the home furnishings company.
The Swedish retailer says it wants to make Ikea more accessible to Canadians.
PayPal has about 6.4 million active user accounts in Canada.
The service is an alternative to credit and debit cards, which Ikea Canada will continue to accept.
Walmart stopped taking the Visa credit card at some of its stores in Thunder Bay, Ont., on Monday in a dispute over fees.
Visa Canada says it offered Walmart one of the lowest rates in the country but the department store chain wanted more.
Walmart says credit card fees in Canada are too high by international standards and has threatened to ban Visa cards at all 400 of its stores in the country.
A spokesman for Finance Minister Bill Morneau says he’s waiting for a report on a voluntary fee reduction that Visa and MasterCard introduced in 2014.
The post Ikea Canada to begin accepting PayPal, in addition to Visa, MasterCard appeared first on Canadian Business – Your Source For Business News.

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MONTREAL – Walmart’s threat to ban the use of Visa cards at its Canadian stores gets underway today in the northwestern Ontario city of Thunder Bay.
After months of negotiations, the retailing giant is eliminating Visa as a payment option at three stores in Thunder Bay, vowing to roll it out to its 400 locations in Canada.
Walmart hasn’t disclosed when that rollout will begin.
Despite the impasse, Walmart says it remains optimistic that an agreement will eventually be reached with Canada’s largest credit card company.
Visa, meantime, says it will do everything “reasonable” to ensure Canadians can use their Visa cards everywhere they want to shop, including at Walmart stores.
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Visa last month accused Walmart of using consumers as pawns in its battle over merchant fees with its threat to ban the popular credit card.
Walmart says it pays more than $100 million in fees annually for customers using credit cards like Visa, MasterCard and Discover…

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