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Big Changes to the MBNA Rewards World Elite Mastercard - now earns 5 points per dollar in select categories + 10% annual bonus points + MORE Jun 25th
File this one into the category of "nobody saw this one coming"- well until we were notified about two weeks ago and then when the details were leaked onto Red Flag Deals a few days ago. The next bank to be making some major changes this week is TD's subsidiary MBNA. Today they are officially .... More »
Use fewer AIR MILES Dream Miles for Air Transat flights to the U.K. – Why even bother? + MORE Mar 7th
AIR MILES sent out an email listing a bunch of offers and deals that are available and there was one in there that caught my eye. It is an offer to use fewer Dream Miles for travel on Air Transat between Toronto or Montreal and the United Kingdom. Right when I saw this in the […]
The post Use .... More »
This Week in RWRDS September 13, 2024: 1,000 free Stash Hotel Rewards points + MORE Sep 14th
This week we look at our exclusive 1,000 free points offer for joining Stash Hotel Rewards, IHG’s fall promo offering 3,000 bonus points, AIR MILES going live at Pharmasave across Canada and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to T.... More »
5 mistakes you should avoid after paying off credit card debt + MORE Jun 22nd
From running up debt again to not using your card at all, avoid these mistakes after paying off your credit card debt..... More »
May 12 Update: Amex Aeroplan Reserve Card mobile service provider bonus points & Platinum Card replacement annual travel credits are posting + MORE May 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.Joshua C. who regularly provides us with some tips let us know there is also an Amex Offer that just launched this week for American Express Aero.... More »
Survey: Average card APR jumps to new record of 15.89 percent
– creditcards.com
June 14, 2017: The national average APR for new card offers bounced to another all-time high this week, according to the CreditCards.com Weekly Credit Card Rate Report.
Can I get a credit card if I don't have a job?
– creditcards.com
At 19 with no income, it’s time to explore other ways to build a credit history
Merchants given right to apply Visa, MasterCard surcharges
– theglobeandmail.com
It is unclear whether businesses will actually apply the extra fees
Amount Canadians owe compared with income ticks lower but still near record high
– canadianbusiness.com
The amount Canadians owe compared with their income ticked lower in the first quarter but remained near record levels as mortgage debt continued to climb.
Statistics Canada said Wednesday the amount of household credit market debt as a proportion of household disposable income slipped to 166.9 per cent in the quarter compared with 167.2 per cent in the fourth quarter of last year.
That means that for every dollar of disposable income, Canadians owe about $1.67.
Economists and policy-makers, including the Bank of Canada, have raised concerns about household debt and see it as a key risk to the economy.
Low interest rates have fuelled the growth in household debt in recent years, but the central bank has started dropping hints that may be changing as the economy has improved.
Canadians should be thinking about what their finances would look like were interest rates to rise, Bank of Canada governor Stephen Poloz said this week.
Royal Bank economist Laura Cooper said the cost of servicing debt has remained broadly unchanged in recent years, but households’ sensitivity to rate hikes is likely greater now than when rates have risen in the past…
Statistics Canada said Wednesday the amount of household credit market debt as a proportion of household disposable income slipped to 166.9 per cent in the quarter compared with 167.2 per cent in the fourth quarter of last year.
That means that for every dollar of disposable income, Canadians owe about $1.67.
Economists and policy-makers, including the Bank of Canada, have raised concerns about household debt and see it as a key risk to the economy.
Low interest rates have fuelled the growth in household debt in recent years, but the central bank has started dropping hints that may be changing as the economy has improved.
Canadians should be thinking about what their finances would look like were interest rates to rise, Bank of Canada governor Stephen Poloz said this week.
Royal Bank economist Laura Cooper said the cost of servicing debt has remained broadly unchanged in recent years, but households’ sensitivity to rate hikes is likely greater now than when rates have risen in the past…
Aimia suddenly suspends dividends following Air Canada’s decision to cut ties
– canadianbusiness.com
Aimia Inc. (TSX:AIM) is immediately suspending all dividends on common and preferred shares, including previously declared payments that were to be made at the end of this month.
The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer.
Aimia says the dividend suspension is required following Air Canada’s decision to stop using Aeroplan and launch its own customer reward program in 2020.
That announcement sparked a major decline for Aimia shares, which closed at $1.89 on Tuesday, worth less than one-quarter what they were worth prior to May 10.
Aimia says a capital impairment test required by the Canada Business Corporations Act prevents it from paying the dividends, even though it has the liquidity to do so.
“Our business continues to perform well and generate strong free cash flow,” executive chairman Robert Brown said in a statement.
Shareholders who are entitled to previously declared dividends may be paid at a future date…
The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer.
Aimia says the dividend suspension is required following Air Canada’s decision to stop using Aeroplan and launch its own customer reward program in 2020.
That announcement sparked a major decline for Aimia shares, which closed at $1.89 on Tuesday, worth less than one-quarter what they were worth prior to May 10.
Aimia says a capital impairment test required by the Canada Business Corporations Act prevents it from paying the dividends, even though it has the liquidity to do so.
“Our business continues to perform well and generate strong free cash flow,” executive chairman Robert Brown said in a statement.
Shareholders who are entitled to previously declared dividends may be paid at a future date…
