How to go about securing the best rate and plan for your credit card in Canada.
Latest News
RWRDS Daily Update – February 14 + MORE Feb 15th
The Ultimate Guide to Credit Card & Loyalty Programs for the All Inclusive Vacationer and a new offer for the National Bank Platinum Mastercard. Check out today's points and miles updates here:
The post RWRDS Daily Update – February 14 appeared first on Rewards Canada..... More »
Four in 10 Canadians Say They are Victims of Identity Theft + MORE Mar 20th
Identity theft is an intricate crime, but its cause is very simple: Ignorance, Lack of Awareness and easy availability of vulnerable information.
According to a recent study conducted by Equifax Canada, attempts of credit card fraud have increased by 42 percent over the last two years. Suspected tru.... More »
Starwood Preferred Guest: Receive a 35% discount when you buy or gift Starpoints (until Dec 29, 17) + MORE Nov 4th
Last seen in the summer the great buy Starpoints offer of a 35% discount on the cost of the points has returned. Your yearly limit remains at 30,000 Starpoints so if you haven't bought any yet this year this could be the time to do. This offer brings the price down to US 2.28 cents each or just a.... More »
Aeroplan Everday Status Qualification is officially here - earn status without flying + MORE May 6th
When the first news of the revamped Aeroplan program came out last August one feature that was being touted was being able to earn elite status from home. Unlike the limited time promotion early on during the pandemic this feature would be a full time everyday benefit of the Aeroplan program. .... More »
RWRDS Daily Update – November 30, 2023 + MORE Nov 30th
Rogers Mastercard is enhanced to offer up to 3% cash back now, American Express no longer coding select Walmart Supercentre locations as 5x points and 17 new confirmed Cobalt Multiplier locations. Check out today's points & miles updates here:
The post RWRDS Daily Update – November 30, 2023 a.... More »
CIBC breaking ties with PC Financial
– moneysense.ca
TORONTO — CIBC is launching a new direct banking brand that will absorb some two million customer accounts currently with Loblaw-owned President’s Choice Financial.
Toronto-based CIBC (TSX:CM) has provided the back-end banking services for PC Financial for nearly 20 years but the companies said Wednesday they are going their separate ways.
The bank says its new Simplii Financial brand will provide no-fee daily banking through online, mobile and telephone channels in much the same way that that PC Financial has offered its roughly two million clients.
Toronto-based CIBC (TSX:CM) has provided the back-end banking services for PC Financial for nearly 20 years but the companies said Wednesday they are going their separate ways.
The bank says its new Simplii Financial brand will provide no-fee daily banking through online, mobile and telephone channels in much the same way that that PC Financial has offered its roughly two million clients.
A surprising place to find free financial advice »
Loblaw’s President’s Choice Financial will continue to offer Mastercard credit card products and the PC Plus loyalty-points program.
The CEO of President’s Choice Financial says its customers are most interested in being able to make payments simply and the ability to get free groceries through points.
CIBC is promising a smooth transition for existing PC Financial clients with no changes to account numbers, mortgage terms or automatic payments and deposits…
What CIBC’s break up with PC Financial means for you
– macleans.ca
(Ian Muttoo/Flickr)Loblaw Co. is quitting the banking business in a deal that will see two million President’s Choice Financial mortgage and banking accounts automatically move to a new, low-fee banking brand operated by CIBC, called Simplii Financial.
The deal is effective Nov. 1 and ends a 19-year partnership between Loblaw and CIBC, which ran PC Financial. Loblaw will maintain its PC Points program and continue to offer a MasterCard credit card aligned with PC Points. Here is what this news means for you.
MORE: How to keep from drowning in credit card debt
What happens to my PC Points?
PC Financial MasterCard products remain unchanged. President’s Choice Financial said it will continue to focus on payments and loyalty through its MasterCard and PC Plus Products.
If you move to Simplii, you will no longer automatically accumulate PC Points by using your banking services after Oct. 31. But anyone can still sign up for a PC Points account or use the app to gather points, which can be used to redeem free groceries…
What the CIBC-PC Financial break-up means for consumers
– canadianbusiness.com
Loblaw Co. is quitting the banking business in a deal that will see two million PC Financial mortgage and banking accounts automatically move to a new low-fee banking brand operated by CIBC, called Simplii Financial.
The deal is effective November 1 and ends a 19-year partnership between Loblaw and CIBC that ran PC Financial. Loblaw will maintain its PC Points program and continue to offer a MasterCard credit card aligned with PC Points. Here is what this news means for you.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}CIBC CEO Victor Dodig on banking’s tech revolution
What happens to my PC Points?
PC Financial MasterCard products remain unchanged. President’s Choice Financial said it will continue to focus on payments and loyalty through its MasterCard and PC Plus Products.
If you move to Simplii, you will no longer automatically accumulate PC Points by using your banking services after October 31…
What CIBC’s break up with PC Financial means for you
– macleans.ca
(Ian Muttoo/Flickr)Loblaw Co. is quitting the banking business in a deal that will see two million President’s Choice Financial mortgage and banking accounts automatically move to a new, low-fee banking brand operated by CIBC, called Simplii Financial.
The deal is effective Nov. 1 and ends a 19-year partnership between Loblaw and CIBC, which ran PC Financial. Loblaw will maintain its PC Points program and continue to offer a MasterCard credit card aligned with PC Points. Here is what this news means for you.
MORE: How to keep from drowning in credit card debt
What happens to my PC Points?
PC Financial MasterCard products remain unchanged. President’s Choice Financial said it will continue to focus on payments and loyalty through its MasterCard and PC Plus Products.
If you move to Simplii, you will no longer automatically accumulate PC Points by using your banking services after Oct. 31. But anyone can still sign up for a PC Points account or use the app to gather points, which can be used to redeem free groceries…
Airlines make it harder to earn free flights for loyalty
– canadianbusiness.com
Airline loyalty programs are losing much of their allure even for frequent flyers, and the rules for navigating the system have changed.
Flying is no longer the best way to earn miles or points. The biggest bang for your buck comes from signing up for the right credit card.
And those come-ons from the airline to sell you miles? Ignore them unless you are very close to a qualifying for a big trip.
Frequent-flyer programs get relatively little attention from Wall Street, and their financial importance to the airlines is not widely understood by travellers, who just hope to earn a free flight now and then.
Airline profits are subject to vagaries like the price of fuel, the actions of competitors on key routes, even the weather. Amid all that uncertainty, the airlines have found a reliable source of revenue in selling miles to banks, which then use the miles to persuade consumers to sign up for the cards and use them as much as possible.
“The bottom line is that the business of selling miles is a very profitable one and has proven historically to be far less cyclical than the core airline,” Joseph DeNardi, a Stifel analyst who tracks airlines, said this month in a note to clients…
Flying is no longer the best way to earn miles or points. The biggest bang for your buck comes from signing up for the right credit card.
And those come-ons from the airline to sell you miles? Ignore them unless you are very close to a qualifying for a big trip.
Frequent-flyer programs get relatively little attention from Wall Street, and their financial importance to the airlines is not widely understood by travellers, who just hope to earn a free flight now and then.
Airline profits are subject to vagaries like the price of fuel, the actions of competitors on key routes, even the weather. Amid all that uncertainty, the airlines have found a reliable source of revenue in selling miles to banks, which then use the miles to persuade consumers to sign up for the cards and use them as much as possible.
“The bottom line is that the business of selling miles is a very profitable one and has proven historically to be far less cyclical than the core airline,” Joseph DeNardi, a Stifel analyst who tracks airlines, said this month in a note to clients…
