How to go about securing the best rate and plan for your credit card in Canada.
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RWRDS Daily Update – November 18 Nov 19th
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. TD Aeroplan Visa Infinite Privilege Card Review The TD Aeroplan Visa Infinite Privilege Card has received the Rewards Canada review treatment. Canada recently voted.... More »
November 11 Update: Hotel Belmont Vancouver to join Accor Hotels and Best Western Rewards extends status for all elite members to 2023 Nov 12th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus .... More »
Canada’s best credit cards for travel insurance May 24th
These days, nearly all credit cards include some kind of travel insurance. Like purchase protection, it’s an easy add-on to entice customers, but savvy Canadians know that not all insurance is created equal. Most travellers really only need to consider a few kinds of coverage: emergency medical, t.... More »
BMO Ascend World Elite Mastercard: New increased welcome bonus of 90,000 points + first year free + MORE Mar 7th
After putting a lot of focus into their AIR MILES cards and the new rise eclipse Visa card, BMO is now paying some attention to their mainstay proprietary travel rewards credit card, the BMO AscendTM World Elite®* Mastercard®*. The card that once was one of the best in Canada now sees a new in.... More »
American Express confirms removal of the Fairmont President’s Club Platinum membership benefit + MORE Dec 21st
Last Friday American Express Canada sent out an email to holders of The Platinum Card that announced the discontinuation of the Fairmont President’s Club Platinum Membership Benefit. This was pretty much expected since we saw the letter for the Visa Infinite Privilege cards a few weeks ago, a.... More »
Earn Double Aeroplan Miles for Choice Hotel stays Worldwide
– RewardsCanada.ca
Choice Hotels and Aeroplan have returned with their Double Miles offer for stays at Choice Hotels (Quality Inn, Comfort Inn, Comfort Suites, Travelodge etc.) around the globe. We just saw this offer end on July 31st so it is nice to see back already!Offer details:Double Aeroplan Miles for stays at over 5,500 Choice Hotels Worldwide. Full details and online booking. Until Nov 30, 16September 13 Update: Register for SPG’s More for You, American Airlines ending Halifax service & lots of great bonuses
– RewardsCanada.ca
News, Tips & Tricks Starwood Preferred Guest’s More for You promotion officially launched yesterday. Be sure you register to earn up to Triple Starpoints on your Starwood stays. Find out more here. American Airlines will be ending their service between Halifax and Philadelphia as of January 2017. Not the news Avios collectors in Nova Scotia want to hear as this was a decent redemption option for using British Airways Executive Club. You have until the 9th of January if this was a route you were planning on flying on to redeem 15,000 Avios for a roundtrip flight. (Source Routesonline) Earn 50 bonus AIR MILES for spending $30 or more at Rexall until the 15th when you use this coupon. Posts since our last update: Best Western Rewards: 1,000 Bonus Points and up to 15% off Worldwide stays this fall Best Western released their fall promotion yesterday and we were wrong. It’s not a gift card offer but simply…Earn Double Aeroplan Miles for Choice Hotel stays Worldwide Choice Hotels and Aeroplan have returned with their Double Miles offer for stays at Choice Hotels (Quality Inn, Comfort Inn,… Bonus Offers Air Canada / Aeroplan- Earn up to 2,500 Bonus Aeroplan Miles for stays at anyone of 100+ Marriott Hotel locations in Canada…Almost a million Canadians couldn't handle a 1-point interest rate rise, TransUnion says – CBC.ca
– news.google.ca
CBC.caAlmost a million Canadians couldn't handle a 1-point interest rate rise, TransUnion saysCBC.caAlmost a million Canadians wouldn't be able to handle even a one percentage point increase in the interest rate they pay on their debts, new research says. According to a report from credit-monitoring firm TransUnion, 26 million Canadians have some …'Payment shock': Interest rate rise could be trouble for up to 1 million CanadiansCTV NewsCanadian borrowers could face payment shock if interest rates riseThe Globe and MailBUSINESS REPORT: Less than 1% hike in interest rates would shake Canadian borrowersCKNW News Talk 980Financial Post -bnn.ca -630ched.com -Stockhouseall 12 news articles »
Interest rate hike could mean trouble for some
– moneysense.ca
TORONTO – A report by TransUnion says up to one million Canadian borrowers may not be able to absorb the increase in their monthly payments if interest rates rise by one full percentage point.
The company says that while the majority of Canadians will not be materially impacted in the near term by an interest rate increase there is a “material subset” that may be challenged.
TransUnion estimates approximately seven million Canadian consumers carry a variable-rate mortgage or a line of credit with a variable interest rate.
The study found more than 700,000 could struggle with the increase in monthly payments related to a quarter-point hike and that rises to up to a million with a one percentage point increase.
The Bank of Canada’s overnight interest rate target has been set at 0.5 per cent since it was cut twice last year. The rate is a key variable for the big banks when setting their prime rates and the rates for borrowing like variable rate mortgages and lines of credit.
Economists don’t expect the central bank to raise its key interest rate target any time soon, but it remains well below what is considered a normal level…
The company says that while the majority of Canadians will not be materially impacted in the near term by an interest rate increase there is a “material subset” that may be challenged.
TransUnion estimates approximately seven million Canadian consumers carry a variable-rate mortgage or a line of credit with a variable interest rate.
The study found more than 700,000 could struggle with the increase in monthly payments related to a quarter-point hike and that rises to up to a million with a one percentage point increase.
The Bank of Canada’s overnight interest rate target has been set at 0.5 per cent since it was cut twice last year. The rate is a key variable for the big banks when setting their prime rates and the rates for borrowing like variable rate mortgages and lines of credit.
Economists don’t expect the central bank to raise its key interest rate target any time soon, but it remains well below what is considered a normal level…
Almost a million Canadians couldn't handle a 1-point interest rate rise, TransUnion says – CBC.ca
– news.google.ca
CBC.caAlmost a million Canadians couldn't handle a 1-point interest rate rise, TransUnion saysCBC.caAlmost a million Canadians wouldn't be able to handle even a one percentage point increase in the interest rate they pay on their debts, new research says. According to a report from credit-monitoring firm TransUnion, 26 million Canadians have some …'Payment shock': Interest rate rise could be trouble for up to 1 million CanadiansCTV NewsCanadian borrowers could face payment shock if interest rates riseThe Globe and MailBUSINESS REPORT: Less than 1% hike in interest rates would shake Canadian borrowersCKNW News Talk 980Financial Post -bnn.ca -630ched.com -Stockhouseall 12 news articles »
