All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
New increased welcome bonus of 50,000 points + first year free on the BMO Rewards® Business Mastercard® + MORE Jul 20th
BMO's mainstay premium small business card, the BMO Rewards® Business Mastercard® sees the return of it's 50,000 point welcome bonus which ran for the latter half of 2020 all the way into February of this year. The 50,000 bonus points are awarded when you spend $5,000 or more on the card in the f.... More »
Making sense of the markets this week: June 2, 2024 + MORE May 31st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
RBC and National Bank continue to lead the pack
Canadian banks continue to prepare for worst-case scenarios with in.... More »
RWRDS Daily Update – September 12, 2023 + MORE Sep 12th
The Ultimate Travel Credit Card Portfolio for those just starting with points & miles and Rogers Mastercard will only require one Rogers Service to earn 2% cash back. Check out today's points & miles updates here:
The post RWRDS Daily Update – September 12, 2023 appeared first on Rewards.... More »
Alberta Child and Family Benefit payment dates in 2025 + MORE Apr 15th
The Alberta Child and Family Benefit (ACFB) is a program administered by the Canada Revenue Agency (CRA) on behalf of the government of Alberta. The ACFB was introduced to assist lower-income and middle-income families with children under 18. Eligible families can receive direct financial assistance.... More »
RWRDS Daily Update – April 5, 2024 + MORE Apr 5th
New Amex Offers statement credit for Sam Edelman and earn double Guest Rewards points on Amtrak's Canadian services. Check out today's points & miles updates here:
The post RWRDS Daily Update – April 5, 2024 appeared first on Rewards Canada..... More »
Equifax Canada seeks to regain trust in its security after major U.S. breach
– canadianbusiness.com
TORONTO _ Equifax Canada’s reputation took a hit after its U.S. parent revealed a massive data breach last year, but chief privacy officer John Russo says the 19,000 affected Canadian accounts haven’t been linked to any fraud.
Russo’s assurances come as the credit monitoring company promoted its new Canadian income and employment verification service for lenders amid stricter mortgage rules.
Under a new standard, federally regulated mortgage lenders have been required since Jan. 1 to do stress tests on a prospective borrower’s ability to withstand an increase in interest rates even if they don’t require mortgage insurance.
“There’s increased rigour when they have to verify third-party information,” Russo said. “They can’t just rely on pay stubs and stuff that you bring as a borrower. They have to use an independent source.”
Equifax was tight-lipped in the aftermath of the hack last year.
In promoting the new service, Russo acknowledged that the company’s reputation as a custodian of sensitive personal data took a hit with the leak of confidential information for about 145 million Americans from one of several Equifax databases…
Russo’s assurances come as the credit monitoring company promoted its new Canadian income and employment verification service for lenders amid stricter mortgage rules.
Under a new standard, federally regulated mortgage lenders have been required since Jan. 1 to do stress tests on a prospective borrower’s ability to withstand an increase in interest rates even if they don’t require mortgage insurance.
“There’s increased rigour when they have to verify third-party information,” Russo said. “They can’t just rely on pay stubs and stuff that you bring as a borrower. They have to use an independent source.”
Equifax was tight-lipped in the aftermath of the hack last year.
In promoting the new service, Russo acknowledged that the company’s reputation as a custodian of sensitive personal data took a hit with the leak of confidential information for about 145 million Americans from one of several Equifax databases…
January 24 Update: Shangri-La day – 100 Free points and up to Triple Points for stays at the Shangri-La Vancouver or Toronto
– RewardsCanada.ca
Another free points offer to let you know about! It’s a very popular type of offer the many hotel brands have used and it is to award points for downloading and trying their apps, Club Carlson and La Quinta, just to name a few, have offers now and another brand has jumped into the fray. Shangri-La Hotels Golden Circle is awarding 100 free GC Award points for logging into their app. Easy as that. They are also offering up to triple points for booking stays via the app as well so if you have been eyeing the Shangri-La Hotel in Vancouver or Toronto or anywhere else Worldwide book it via the app! Find out more here. Posts since our last update: Summary of global hotel systemwide bonus points promotions – January Edition One of the easiest ways to rack up lots of hotel points is to take advantage of the systemwide bonuses…One week left for the American Express Cobalt Card up to 40,000 point introductory offer Per the marketing terms that have been attached to the American Express Cobalt Card you only have one week…Travel DealsHilton Winter Sale – Save up to 25% on weekend stays in the UK, Europe, Middle East and Africa Remember to visit Rewards Canada’s Travel Booking site to book travel directly with many of your favourite airlines, hotels and more! Canadian Bonus Offers Shangri-La Golden Circle- Earn up to Triple GC Awards Points for stay at any Shangri-La hotel and resort, Kerry hotel, Hotel Jen or Traders hotel including Vancouver and Toronto that are booked via the Shangri-La Mobile app…Rate survey: Average card APR climbs to all-time high of 16.38 percent
– creditcards.com
Jan. 24, 2018: The average credit card interest rate reached another 10-year high this week, according to the CreditCards.com Weekly Credit Card Rate Report.
