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Latest News
Clash of the Credit Cards! Desjardins Cash Back World Elite®Mastercard® vs. Scotia Momentum® VISA* Infinite card + MORE Sep 27th
Welcome to another Rewards Canada Clash! This time in our Clash of the Credit Cards we pit two very strong cash back cards against each other! Those cards are the Desjardins Cash Back World Elite®Mastercard® and the Scotia Momentum® VISA* Infinite card You will also find this Clash poste.... More »
This Week in RWRDS September 19, 2025: Need an oil filter for that coffee? Canadian Tire partners with Tim Hortons! + MORE Sep 20th
This week we look at the newly announced Canadian Tire-Tim Hortons loyalty tie up, further clarifications on the WestJet credit card changes, Walmart revamping their Mastercards and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week i.... More »
Podcast Episode 75 - 2021 Loyalty & travel outlook, predictions & trends with special guest Points, Miles & Bling's Anshul Singh + MORE Jan 8th
In this the first episode for 2021 Patrick is joined by special guest Anshul Singh of Points, Miles & Bling. Based in Ottawa Anshul is well known in the world of points and miles in Canada. He's famous for his weekly virtual meet ups with bloggers, experts and others from aro.... More »
Have credit with Alaska Airlines? You might be targeted to convert it to Mileage Plan miles at an amazing rate! + MORE Oct 9th
Today Alaska Airlines launched an initiative similar to Air Canada when you can convert Alaska Airlines wallet credit to Mileage Plan miles. Think of it as Air Canada's option that allows you cancel tickets you have bought and convert them to Aeroplan miles. Aeroplan gives you a 65% bonus on t.... More »
AIR MILES Bonus Boom - Over 1,000 Bonus Miles available from participating partners June 27-30 + MORE Jun 27th
AIR MILES Bonus Boom is here for the next four days! There are lots of bonus miles offers up for grabs at AIR MILES sponsors across Canada. Once you get to the Bonus Boom page you can select your province to see your offers. I selected Alberta and there were 30 offers available from American Express.... More »
Fed: Card balances rose by $1.7 billion in December
– creditcards.com
Credit card balances increased in December, according to the Federal Reserve.
Forgot to pay annual fee: Does it hurt your credit?
– creditcards.com
If you’ve forgotten to pay your annual fee and 30 days have passed, it could be reported to the credit bureaus as late and damage your credit score. After you pay it, ask your issuer to update your account status to “current.”
Q. I recently got a call from my Kia dealer saying that my 2015 Optima is a popular secondhand car. They want to meet to offer me a great price for the car and a discount on the purchase of a new one with 0% financing. My car has just 32,000 kilometres and it’s fully paid.
I wasn’t looking to change, but I thought that if I could get enough money for it, I would buy a new Optima, and then I would have some money handy. (We are renovating our house and cash is tight.) I intend to go and see what they will offer me. Is this something you recommend or not?
— Thanks, Jack in Montreal
A. You would be better off using a line of credit or some sort of equity loan if you have any borrowing ability left instead of taking on additional auto debt—even if you will be able to pay it off slowly at zero interest. Selling a new car after four years, especially Kia, Hyundai or Fiat-Chrysler models that depreciate quickly, is an expensive proposition. You will lose about 60% of what you paid originally…
I wasn’t looking to change, but I thought that if I could get enough money for it, I would buy a new Optima, and then I would have some money handy. (We are renovating our house and cash is tight.) I intend to go and see what they will offer me. Is this something you recommend or not?
— Thanks, Jack in Montreal
A. You would be better off using a line of credit or some sort of equity loan if you have any borrowing ability left instead of taking on additional auto debt—even if you will be able to pay it off slowly at zero interest. Selling a new car after four years, especially Kia, Hyundai or Fiat-Chrysler models that depreciate quickly, is an expensive proposition. You will lose about 60% of what you paid originally…
