The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
Latest News
February 8 Update: SAS (Scandinavian Airlines System) launching Toronto to Copenhagen & Stockholm flights plus a new Amex Offer for FedEx + MORE Feb 9th
Here's your Rewards Canada Daily update! Your bear 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 worth $500, ha.... More »
'It's a ball of yarn': Small business owner detained at border amid border and visa confusion + MORE Jun 13th
Heather Breadner found herself in a woolly situation when she tried to cross the Canada-U.S. border, but was turned back by customs agents who seemed confused about the paperwork she needed to sell her hand-dyed yarn at a festival in Maryland..... More »
Podcast Episode 119: Canada’s Best Cash Back Rewards Credit Cards for 2025 + MORE Jan 30th
In this episode we look at all the best cash back rewards credit cards in Canada for 2025. These are RWRDS Canada’s 9th annual Top Cash Back Credit Card rankings! Listen to the podcast here: Watch the podcast here: Links to the topics of discussion: Canada’s Top Cash Back Credit Cards 20.... More »
The Fine Print: Can a credit card charge interest after death? Jul 27th
A credit card issuer can continue to charge interest after death. However there are specific rules in place for estate that protect heirs..... More »
New 35,000 RBC Rewards point welcome bonus on the RBC Avion Visa Infinite Business Card + MORE Sep 13th
Back in April RBC revealed new 35,000 bonus point welcome offers on their consumer Avion cards, namely the RBC Avion Visa Infinite Card as well as the RBC Avion Visa Platinum Card and the RBC Avion Visa Infinite Privilege. Noticeably absent at the time was no increased bonus for the busi.... More »
What is the Difference Between Personal Loans and Payday Loans?
– ratesupermarket.ca
While they may seem like a quick and easy way to access cash, payday loans (or cash advance loans) are high-risk products that have the potential to lead borrowers into a never-ending spiral of debt and interest payments. A payday loan may be the quick fix that provides instant cash with minimal questions asked, but it can quickly lead the borrower into massive amounts of debt. In many cases, the borrower gets caught up in a vicious cycle of applying for more payday loans just to pay down the interest on their initial loan.
Why do people get payday loans?
Payday loans are typically marketed through smart and often misleading advertising campaigns as a sensible way to see consumers through until their next paycheque. However, these types of loans often come with exorbitant interest rates. Lenders don’t typically ask many questions and don’t generally conduct a credit check, so payday loans may seem enticing to vulnerable people who likely have a bad credit score and are under significant financial stress…
The cost of variable-rate mortgages and lines of credit linked to the big bank prime rates have already gone up, but experts say the move by the Bank of Canada to raise interest rates may also affect your investment portfolio.
Q&A: Sudden spike in credit utilization can cause major score drop
– creditcards.com
A sudden increase in your credit utilization can cause your score to drop up to 100 points. The good news is that your score can recover quickly if your utilization goes back to where it was before, and late payments are not the issue.
Equifax’s new CEO apologized to the more than 143 million people who had their personal information stolen as a result of the company’s recent data breach, and promised free credit locking for life — but not for Canadians.
September 28 Update: Air Canada adds more flights to Europe, 5x Plum Points for online book purchases & more
– RewardsCanada.ca
Air Canada continues their International expansion with more new routes coming in 2018. Direct flights to Bucharest, Porto and Zagrab are now on the schedule! (Source Air Canada) Non-stop Air Canada Rouge seasonal services start in June to Bucharest from Toronto and Montreal; to Zagreb and Porto from Toronto; and to Lisbon from MontrealNon-stop service between Casablanca and Montreal transfers to Air Canada mainline, beginning June 1, 2018 Non-stop, Air Canada year-round Toronto-Buenos Aires service begins May 2, 2018, and a Montreal-Lima seasonal service starting in December has been upgraded to year-round Maybe it’s time for some early Christmas shopping but you could take advantage of Indigo’s 5X Plum Points on Online Book purchases (Sept 28 – Oct 1)Looks like the Alterna Credit Union Credit Cards that were issued by mbna have been discontinued. The Alterna website still shows them but when you click through to apply for the cards the application is not available. Posts since our last update: Earn 1,000 Bonus Rewards Points per night at the new Delta Hotels by Marriott Dartmouth A week ago today the newest Delta Hotel opened up here in Canada in Dartmouth Nova Scotia…
