April 2 Update: Receive up to 10,000 bonus points for using Amex’s Fixed Points Travel program, AIR MILES bonuses for Freshii at Shell in GTA & more! + MORE Apr 2nd

Motusbank, a subsidiary of Meridian Credit Union, has launched in Canada. First announced in February, a full range of banking and borrowing services are now available on its website, motusbank.ca.
As an online-only bank, Motusbank can be accessed via its mobile app on the Apple App Store and Google Play. App users can check balances, transfer funds, and deposit cheques; Apple Pay and Google Pay, however, are not supported. Statements and other documents are available only on desktop.
The main appeal of Motusbank lies in its competitive mortgage rate and simple online application. Fixed-rate mortgages are available with terms ranging from six months to five years; variable-rate mortgages all have five-year terms. The bank is currently advertising a 3.09 percent interest rate for closed fixed-rate mortgages with terms ranging from one year to five years; the same rate also applies to its closed variable-rate mortgages.
Given the current crop of online-only banks, which offer many of the same services and advantages, Motusbank is making a direct play for home buyers who are shopping for the lowest rates and don’t want to spend time haggling…

Scotiabank is looking to take another big bite out of the credit card market with their newest card offering! This time they are attacking the small business card market with their new Scotiabank Passport Visa Infinite Business Card. They are building on the success of the personal version of this card that they introduced last year by taking some of the great benefits of that card and placing them on a small business card. The biggest and best feature that is seen on both cards? No Foreign Transaction fees! That’s right, this will be the first major bank issued small business card to have this feature, in fact, to the best of our knowledge, it is the very first out of all publicly available small business cards! Apparently this card has been available since mid March in branch but officially became available today online (even though we saw it on the site yesterday…)Here are the highlights of this new card:No foreign transaction fees on international foreign currency purchases made on the card, including online or outside of Canada…

We see the first of RBC’s spring transfer bonus offers emerge this month. This one is for transfers to American AAdvantage and while it’s nice to have a 20% bonus it still doesn’t make up for the change in the conversion ratio we saw a few years ago. The transfer ratio to American AAdvantage is 1 RBC Reward Point = 0.7 American AAdvantage Miles (used to 1:1 back in the day) and with this bonus it jumps to 0.84 AAdvantage Miles per RBC Reward point. If and only if AAdvantage is your main frequent flyer program and you can use these miles to top off for an award (or get a full award at good value) would you want to convert your points.  This offer is only available to Avion cardholders.Offer details20% Bonus AAdvantage Miles when you convert RBC Rewards Points (Avion cardholders only) to American AAdvantage. Full details Until Apr 30, 18RBC Visa Infinite Avion

American Express has released a pretty good redemption bonus if you are looking to redeem points for flights booked via their Fixed Points Travel Program. You can get up to 10,000 points back when you redeem for flights by April 30 (flights do not have to be in April) Learn more about fixed points travel program here. This offer does not appear to be targeted, as long as you have a card that earns Membership Rewards points you should be able to get this bonus  AIR MILES members residing or travelling in Toronto can earn bonus miles when buying Freshii products at select Shell gas stations in the GTA. Find out more here Posts since our last update:RBC Avion Cardholders: 20% Bonus Miles when you convert RBC Rewards Points to American AAdvantage We see the first of RBC’s spring transfer bonus offers emerge this month. This one is for transfers to…Scotiabank introduces a No Foreign Transaction Fee Small Business Credit Card, the Scotiabank Passport Visa Infinite Business Card Scotiabank is looking to take another big bite out of the credit card market with their newest card offering!…Aeroplan eStore – Earn up to 5x Miles for select purchases during the Spring Fashion Event The Aeroplan eStore is running a new bonus offer of up to 5x miles when you shop at select…Travel DealsMarriott: Complimentary Room Upgrade and EUR50 Resort credit for stays at participating Marriott Resorts in Europe…