How to go about securing the best rate and plan for your credit card in Canada.
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CIBC Rewards Review: Will a Generous Welcome Offer Win You Over? Jan 24th
Like most of the big bank customer loyalty programs, CIBC Rewards is a credit card rewards program. This means that you earn points when you make purchases with your CIBC credit card, and you can then redeem those points in a variety of ways. In this article, I’ll show you how to earn points, what.... More »
Credit Card Review: American Express Cobalt™ Card Nov 21st
Let me start off that, yes, there was a lot of buzz about the launch of the American Express Cobalt Card back in 2017 so the anticipation for it was big. The card has now been around for five years and continues to dominate the Canadian market as the best travel rewards card and one of […]
Th.... More »
Using a HELOC as an investment strategy: not as taboo as you might think + MORE Jul 25th
Ask MoneySense
I wish to leverage my HELOC to invest in dividend-paying investments. How would you advise I approach this? Is this an effective tax savings tool? Is there any financial institution or products you would advise?
—Martha
Borrowing from a home equity line of credit
You know,.... More »
New welcome offer of 100,000 PC Optimum points on PC Financial Credit Cards Jul 16th
We see the return of a 100K credit card offer that seems to be coming around every few weeks now but when it is around it is only live for a short period. That offer is the 100K bonus for getting a PC Financial Mastercard. This time the offer is valid for applications until July 28, 2021 and is g.... 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 »
The Canada 150 celebrations aren’t over just yet! Aeroplan and Radisson Hotels have jumped into the fray with 1,500 Aeroplan Miles for stays at Radisson Hotels in the Americas. This is a triple miles offer since the base offer for Radisson stays is 500 miles. Be sure to set your Club Carlson account to earn Aeroplan miles to make sure you earn the Triple Miles. Offer details:Triple Aeroplan Miles when you stay between August 23 and November 12, 2017 at any Radisson in North or South America. Full details & online booking Until Nov 12, 17Find many more Aeroplan bonus mile offers here
(Shutterstock)OTTAWA – Even debt-free Canadians could eventually feel a pinch from someone else’s maxed-out credit cards, suggests research presented to senior officials at the federal housing agency.
Canada Mortgage and Housing Corp. board members received an update in March on the country’s credit and housing trends.
The presentation contained a warning: the steady climb of the household debt-to-GDP level had put Canada’s long-term economic growth prospects at risk.
MORE: Drowning in debt is the new normal in Canada
The document pointed to a study that argued household debt accumulation eventually hampers economic growth over the longer term, eclipsing the nearer-term benefits of consumption.
The strong expansion of household spending, encouraged by a prolonged period of historically low borrowing rates, has created concerns over Canadians’ record-high debt loads.
It has also been a major driver of economic growth.
The Canadian Press obtained a copy of the CMHC presentation via the Access to Information Act…
(Shutterstock)OTTAWA – Even debt-free Canadians could eventually feel a pinch from someone else’s maxed-out credit cards, suggests research presented to senior officials at the federal housing agency.
Canada Mortgage and Housing Corp. board members received an update in March on the country’s credit and housing trends.
The presentation contained a warning: the steady climb of the household debt-to-GDP level had put Canada’s long-term economic growth prospects at risk.
MORE: Drowning in debt is the new normal in Canada
The document pointed to a study that argued household debt accumulation eventually hampers economic growth over the longer term, eclipsing the nearer-term benefits of consumption.
The strong expansion of household spending, encouraged by a prolonged period of historically low borrowing rates, has created concerns over Canadians’ record-high debt loads.
It has also been a major driver of economic growth.
The Canadian Press obtained a copy of the CMHC presentation via the Access to Information Act…
August 24 Update: Air Canada to launch Montreal-Tokyo flights, bonus AIR MILES for Hudson Bay eGift Cards & more!
– RewardsCanada.ca
News, Tips & Tricks Air Canada has announced new direct non-stop flights between Montreal and Tokyo Narita! These flight launch on June 1, 2018 and are currently showing lots of Aeroplan availability for Economy and Business Class redemptions! Now’s the time to jump on it as those will be gone quicker than you know! (Source Air Canada)AIR MILES is offering some bonus Reward Miles when you redeem some of your Cash Miles for Hudson Bay eGift cards. You’ll receive 10 bonus AIR MILES for every $10 of eGfit Cards you order up to $50. This means you are effectively redeeming 85 miles for every $10. Not a bad deal. Find out more here. Check out our co-brand page on Agoda.com! Its actually for our global site FrequentFlyerBonuses.com but in reality FFB and Rewards Canada are one in the same. You can use this page to make any hotel bookings you normally would make via Agoda including PointsMax bookings which are just like PointsHound, Rocketmiles, Kaligo bookings in that you can earn thousands of airline miles with many different airline on those stays…Convert Diners Club Club Rewards Points to British Airways Executive Club Avios and receive a 50% bonus
– RewardsCanada.ca
Alright here is an offer I may take advantage of towards the end of September. This one is for those select few of us who have held onto to our Diners Club Mastercards as the card isn’t technically available for new applications. Right now through to the end of September any Diners Club cardholder that transfers Club Rewards points to British Airways Executive Club will receive a 50% bonus on those transfers. The regular transfer rate is 1,250 Club Rewards Points to 1,000 Avios so with this bonus that equates to 1,500 Avios. That equates to 1.2 Avios per dollar spent on the card. Not bad, not great like the 1.25 you can earn on everyday spend with The Platinum Card from American Express or the category bonuses of 2 Avios per dollar with The American Express Gold Rewards Card but still better than the regular transfer rate. I have transferred Club Rewards points to Avios in the past when the bonus was 30% so the 50% is even better, but part of me wants to hold out to see if an Alaska Airlines Mileage Plan bonus will come along from Diners as I’d rather transfer to that program…
