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Latest News
Porter Airlines credit cards will be issued by BMO – Join the wait list and earn up to 10,000 VIPorter points + MORE Jan 29th
Porter Airlines co-brand credit cards are one step closer to reality with the announcement that the cards will be issued by BMO. The BMO VIPorter Mastercard suite of cards will become available to Canadians in spring 2025. Details of the card offerings should be provided closer to the launch date..... More »
What expenses can you deduct when renovating a rental property? Jun 14th
Ask MoneySense
I am trying to understand if I am eligible to claim renovation expenses including property taxes, insurance, rental loss, etc. on an investment property I bought and completed renovations on.
I purchased a duplex that was rented and then vacated when final purchase went through. Th.... More »
48% of Canadians aren’t taking steps to meet goals + MORE Dec 29th
TORONTO — A new report from CIBC says about half of Canadians aren’t taking sufficient steps to stay on top of their financial priorities in the coming year.
A poll conducted this month for the Toronto-based bank found that 48 per cent of respondents didn’t plan to cut back spending o.... More »
Can I get bonus points on my condo rental stay? + MORE Apr 18th
If you have a credit card that gives bonus points for travel expenses, make sure nontraditional accommodations count for the bonus before counting on more points.... More »
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union + MORE Jul 29th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
Canadian households had $1.68 in credit market debt for every dollar of disposable income in the three months ending in June, Statistics Canada said.
Alberta man seeks class-action suit against Air Miles over expiring points
– theglobeandmail.com
The potential lawsuit could affect a broad swath of Canadian points collectors – the claim estimates 10 million households have Air Miles memberships
A new way to use your Amex points
– moneysense.ca
How long are you willing to wait for a credit card reward? If you’re saving for a flight or even a fancy toaster it may take years to collect enough points to secure your reward, but thanks to a new American Express program you may not have to wait at all.Under a new program that launched in September Amex now allows its cardholders to redeem their points whenever they see fit. After making a purchase with their card they can access their Amex app or go online and apply their reward points against the amount paid.
The new program gives cardholders added flexibility to redeem points on smaller purchases—if you want to shave $50 off your grocery bill, you can—and empowers consumers to spend points on what they please, plus it eliminates the aggravation of trying to find something to redeem your points with in Amex’s rewards catalogue.
The redemption value is pretty straightforward (although the value of the points varies according to the type of card you have). On the Amex Gold card 1,000 points is equivalent to $7 (or $0…
September 15 Update: Class Action lawsuit filed against AIR MILES and Marriott Rewards Premier Visa loses the free night sign up benefit
– RewardsCanada.ca
News, Tips & TricksSeveral of our readers have reached out to us to let us know that the Capital One® IHG Rewards Club MasterCards are officially being discontinued as of November 7th. It has already been well over a year since the cards were closed for new applications but existing cardholders were able to continue using them. Such is the case no more. Chase Canada reached out to us to let us know that the Category 1-4 Free Night stay that comes as part of the sign up bonus for the Marriott Rewards Premier Visa Card is being removed as a benefit. You won’t find it on the card’s website anymore however approved applications until the end of the month should still see the free night awarded. The card still offers the rest of the sign up bonuses and benefits likes the Category 1-5 Free night each year on your card’s anniversary date. A Class Action Lawsuit has been filed against AIR MILES parent company LoyaltyOne on the expiry rule.We don’t have too many details yet so stay tuned! Posts since our last update: N/A Bonus Offers Aegean Miles&Bonus- 30% Miles&Bonus Discount on select award tickets within Greece and between Greece and Europe, the Middle East or Africa… Financial technology firm Financeit and Concentra, which provides wholesale finance and trust services to credit unions, have signed a deal to buy TD Bank’s indirect home improvement financing business.
