Canada’s Best Credit Cards 2016 Methodology + MORE Aug 24th

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Earn 1% on your purchases is a typical line in many credit card ads. It sounds simple, right? We can assure you it’s not. The vast majority of credit cards are notoriously complex in their construction…

SEATTLE – The son of a Russian lawmaker made millions by hacking into U.S. businesses to steal credit card information and selling that data to other criminals, a federal prosecutor told the jury during his closing argument on Wednesday.
“He is one of the most prolific credit card traffickers in history,” Assistant U.S. Attorney Norman Barbosa said of Roman Seleznev at the close of the eight-day trial. “He was stealing from merchants and banks all over the world.”
The victim businesses that form the basis of the charges, mostly pizza restaurants in Washington state, had to spend tens of thousands of dollars to fix their computers and lost business and customer trust because of the hacks, he said. The thefts resulted in almost $170 million in credit card losses around the world, Barbosa said.
Sitting at his keyboard in Vladivostok, Russia, and using the online nicknames “Track2,” ”Bulba” and “2Pac,” Seleznev masterminded an international scheme dating back to 2008, the prosecutor said…

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If you carry a balance on your credit card, don’t chase points. The ones reaping rewards will be the card companies. These cards aren’t flashy, but you’ll feel great when you’re debt-free.
The best low-rate credit card
TD Emerald Visa

Annual cost*: $109
A rate to pique your interest
This variable rate card currently offers a preferred interest rate of just 4…

VANCOUVER – A credit union is forecasting that British Columbia’s housing market will remain strong for the next two years as a growing population and limited housing supply continue to push prices up, particularly on Vancouver Island.
However, Central 1 Credit Union says a new tax on foreign buyers will cause a substantial but temporary 10 per cent drop in Metro Vancouver sales that will extend into 2017.
Senior economist Bryan Yu says the tax puts further downward pressure on a market that has already been slowing after a very strong spring.
He expects Metro Vancouver sales to rebound due to the strong local economy and lack of supply, although he says prices will grow at a much slower rate than they did in the first part of 2016.
The annual median price of a home in the region grew nearly 20 per cent this year to $705,000, but Yu says prices will rise just 4 per cent in 2017 and 4.4 per cent in 2018 to $765,000.
He says the declines in Metro Vancouver are being offset by gains on Vancouver Island and, to a lesser extent, in Interior B…

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Cash-Back
Low-Rate
Retail Rewards
Travel Rewards
Student Rewards
Business Cards

Who doesn’t like free stuff? Whether you want to shop a catalogue, score a deal at your favourite store or get a lower price on a car off the lot, there is a retail reward card for you.
The best retail rewards credit card
Scotiabank GM Infinite Visa

Annual rewards*: $701
Passing lane
Want to help your son or daughter buy their first set of wheels? This card allows you to transfer rewards to family members living under the same roof
Turbocharge rewards
Have your eye on a shiny new red Camaro? This card earns 5% back on the first $10,000 and 2% on everything after that…