RBC devalues Avion transfer rate to American AAdvantage by 30% + MORE May 2nd

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The best gas credit cards in Canada for 2023 + MORE Oct 6th

Spend The best gas credit cards in Canada for 2023 Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required. Find my perfect card* .... More »

RWRDS Daily Update – July 19, 2024: 100 bonus AIR MILES Flash Offer for Dollarama & bonus LDExtras points + MORE Jul 20th

100 bonus AIR MILES Flash Offer for Dollarama and Earn bonus LDExtras points with the London Drugs Mega Points event. Check out today's points & miles updates here: The post RWRDS Daily Update – July 19, 2024: 100 bonus AIR MILES Flash Offer for Dollarama & bonus LDExtras points appeared.... More »
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December 22 Update: WestJet extends companion and milestone voucher expiry dates, RBC matching RBC Rewards donations & Choice Privileges lowers elite status qualification requirements + MORE Dec 22nd

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 points!.... More »

Scene+ will launch at IGA, Sobeys and other stores in Quebec & New Brunswick on March 23 Feb 23rd

On March 23 the Scene+ program will finish their nationwide roll out at Empire Company Limited stores such as IGA and Sobeys. Stores in the provinces of New Brunswick and Quebec will switch from AIR MILES to Scene+ as will the only hold out in the west, Thrifty Foods. This will mark the completion o.... More »

Hold up, wait a minute! Up to 7% cash back? Neo Financial is in it to win it + MORE Nov 2nd

As we detailed in a previous post the yet to be released Neo Financial World Elite Mastercard is being tweaked but the information we had at the time of writing that article only told part of the story. Neo has since reached out to RWRDS Canada with the complete changes being instituted on the World.... More »
RBC devalues Avion transfer rate to American AAdvantage by 30%Rewards Canada reader Jeffrey alerted us to this change that came about today and it isn’t good news! Holders of a RBC Avion Visa card will no longer get 1 American AAdvantage Miles for every 1 RBC Reward point transferred. The new transfer rate as of today is 7 AAdvantage Miles for every 10 RBC Rewards points. That’s a 30% reduction which is huge! Here is how Jeffrey feels about it:I was/am pretty unhappy about this, because it’s 1) a major devaluation; 2) I wasn’t given any heads up, although I’m on RBC Rewards’ mailing list, because of which I receive the newsletter regularly. Yet that didn’t mention anything about this; 3) on top of this, since my statement closes later in May, it will be too late to charge my credit card with the necessary spending in order meet the minimum 5,000 pts required to convert. (I already converted many points into BA miles).I contacted RBC about my dissatisfaction, but they did not come up with any solution.As I only use that card to convert the points into BA and AA miles, I told them I will stop using the card…

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There are many ways to get into legal trouble with credit cards without intending to break the law.

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May 1 Update: Listen to Podcast Episode 24, two great WestJet promos, Alaska Airlines to limit Priority Pass access at select loungesNews, Tips & TricksPodcast Episode 24 is here! In this podcast we cover the Rewards Canada Exclusive Offer of Silver Status with the WestJet RBC World Elite MasterCard, the Double Hilton Honors Points promotion, Booking travel with Rewards Canada, Hilton Points pooling and more! Download and subscribe to the podcast here. Attention loyalty program managers! Need help to develop promotional concepts? We have spent over 15 years researching, tracking, and aggregating loyalty promotions. We’ve seen the ones that work and the ones that don’t. Today WestJet released a cross Canada promotion that we helped develop. This is the second promotion from our consulting ranks to go live! Feel free to contact us for more details on how the FFB Group can help you develop new and exciting loyalty promotions! If you are flying through Seattle, Portland or Los Angeles and were planning on using Alaska Airlines lounges with Priority Pass beware that they are limiting entry to cardholders only and not allowing guests…

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The post Say goodbye to credit card debt appeared first on MoneySense.

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Home Capital says it expects to receive an initial $1 billion on Monday from the $2 billion credit line it was provided last week as more customers pulled their savings out of the struggling mortgage lender.
Shares of the Toronto-based lender tumbled last week following allegations from Ontario’s securities watchdog that it misled investors, accusations it says are without merit and has promised to defend itself against. The news spurred many savers to withdraw their deposits, which Home Capital uses to fund its lending.
The stock tumbled another 20.77 per cent, or $1.67, shortly after the Toronto Stock Exchange opened Monday and was trading at $6.37.
Home Capital (TSX:HCG) says it expects the total amount in its high-interest savings accounts will dwindle to about $391 million by the end of Monday, a decline of about $1 billion from a week ago.
It also says the balance of total guaranteed investment certificates has fallen to $12.86 billion as of Friday, down from $13.01 billion as of last Monday…

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