How to go about securing the best rate and plan for your credit card in Canada.
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Aeroplan eStore Black Friday Offers - Up to 10x Miles for online shopping + MORE Nov 24th
We've been highlighting a lot of tip for maximizing your miles and points during the holiday season lately and the offers continue to come in! Aeroplan's eStore is a great way to rack up lots of Aeroplan miles for your online shopping and since today is Black Friday they have launched their Black Fr.... More »
June 12 Update: Turo offer for Amex cardholders, new Centurion Lounge to open in Phoenix & Air Canada Business Class sale + MORE Jun 13th
American Express is sending out an offer to many of its cardholders for $100 off a Turo car booking. Check your email for your specific promo code. I received the offer for the personal Platinum Card.Rendering of the new PHX Centurion loungeAlso on the American Express front, the company has anno.... More »
July 15 Update: You can no longer earn AIR MILES on lottery purchases at Shell, 20,000 bonus Be Well points for beauty products at Rexall and more! Jul 16th
Long time Rewards Canada reader Harry B. pointed out to us that the new Shell Go+ AIR MILES initiative that we detailed on Monday had one negative change which of course isn't pointed out in the marketing of the partnership. It appears that you can no longer earn AIR MILES on lottery purchases at .... More »
Limited time offer: Earn up to 3 Aeroplan Points per dollar spent on Air Canada Gift Cards + MORE Feb 8th
Air Canada has brought back a limited time offer where you can earn extra Aeroplan points for buying Air Canada gift cards. The offer is available until February 14, 2024 and will award 1 point/$ spent on gift cards up to $2000 and 3 points/$ if you spend over $2000. Do note these don’t code [R.... More »
Earn 5x miles when you use BMO AIR MILES cards at select partners + MORE May 28th
BMO, the potential suitor for the AIR MILES program has revealed a limited time promotion to earn more miles on their co-brand credit cards for the summer. Holders of any of the BMO AIR MILES Mastercards will earn 5x AIR MILES when using their cards at select AIR MILES partners. For most of these pa.... More »
October 4 Update: New Amex Centurion Lounge in Hong Kong along with new entry rules, The Bisha – a new Toronto Hotel & more
– RewardsCanada.ca
It’s a lounge kind of day! We brought you the review of the Plaza Premium Lounge in Winnipeg and the following news as well:American Express’ new Centurion Lounge in Hong Kong is now open and with that news also comes further restrictions on access to Centurion Lounges. No longer will they be available to any American Express cardholders. Gone is the option for those holding non-Platinum or Centurion Cards to access the lounges for a fee. Entry is strictly restricted now to Centurion and Platinum Cardholders. Now more than ever does it make sense to grab yourself The Platinum Card from American Express if your travels take you to any of the cities that have Centurion Lounges or even anywhere else because of the other lounge access options the card provides.One of Toronto’s newest boutique hotels opened up recently, The Bisha is part of the Loews Hotel famly and looks like a super cool place to stay! The hotel has 96 rooms that were designed by Studio Munge and have some exclusive guestrooms and suites envisioned by Lenny Kravitz…Q&A: How to raise credit score after student loan is rehabilitated
– creditcards.com
After a student loan default and rehab, the negative mark should disappear after 7 years, but you need additional positive credit lines contributing to your credit to rebuild a good score.
Churning Credit Cards: The Pros and Cons
– ratesupermarket.ca
Churning credit cards is a sport of sorts among rewards collectors, allowing some to redeem points to claim hotels and flights for next to nothing. Sounds pretty appealing – but what exactly is churning?
Churning is when you apply for multiple credit cards just to get the big signup bonuses being offered at the time. And since yearly fees are usually waived for new applicants in the first year, you can simply cancel your card before the first year is up to avoid any charges. Rinse and repeat this cycle and it’s easy to earn points fast, hence the term “churning.”
The churning game has become incredibly popular – there are even Reddit subs and Facebook groups dedicated to Canadian credit card churning techniques. But, of course, there are pros and cons to this strategy so make sure you understand all the risks before you start to apply for new cards.
Pros of Churning Credit Cards
You can earn points fast
The main reason why people churn credit cards is because they want to earn points fast…
Rate survey: Average card APR holds steady at 16.15 percent
– creditcards.com
Oct. 4, 2017: Interest rates on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report.
Senators expressed bewilderment Wednesday that credit reporting company Equifax, under siege after a data breach affecting more than 145 million people, has received a $7.25 million contract with the IRS to provide taxpayer and personal identity verification services.
