All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
What is an RDSP? + MORE Dec 9th
When Selena Gusikoski and her family first came across promotional materials for the registered disability savings plan (RDSP), they didn’t open one right away. Gusikoski has five siblings, and her youngest brother, Cody, has a disability. The family works closely to make sure Cody can live an ind.... More »
BMO replaces Air Miles with new Blue Rewards program + MORE Jan 28th
BMO Financial Group has announced it will replace Air Miles with a new loyalty rewards program called Blue Rewards this summer. It said the new program will be available for all Canadians through a newly designed Blue Rewards app, and will be integrated into BMO’s existing mobile banking app a.... More »
My bank has offered me a credit limit increase I didn’t request. Is there any reason I shouldn’t take it? + MORE Dec 5th
Experts say there are pros and cons to accepting an increase to your credit limit..... More »
Bank fees for non-sufficient funds will be capped at $10—but not until next March + MORE Mar 21st
Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.
The updates, included in an order-in-council last week (March 12), cap non-sufficient funds fees at $10 for personal deposit.... More »
Offer extended: 10% cash back for the first two months with Tangerine Mastercards + MORE Apr 3rd
Tangerine has once again extended their limited time welcome offers on the ever popular Tangerine credit cards to end of May. Both the Tangerine Money-Back Credit Card and the Tangerine World Mastercard will award a 10% cash back welcome earn rate in the first two months for any new approved applic.... More »
Unsecured or Secured Credit Cards – What’s the Difference?
– ratesupermarket.ca
Are you looking for secured credit cards? Not sure if you should open a secured or unsecured card? If you’re rebuilding your credit score, a secured credit card can help you get your credit back on track. An unsecured credit card requires you to have established credit and can often include travel rewards and cash back rewards.
Use these helpful tips to find the right credit card for your particular needs.
Secured Credit Cards
Secured credit cards are credit cards that require a deposit. When you receive the card, you link it to your bank account and pre-load it with money. You can then use the card.
Benefits of Secured Credit Cards
A secured credit card is great for people with little to no credit.
Secured credit card benefits include:
It will help you get used to paying a regular monthly payment.
As you pay on time each month, you can eventually transfer to an unsecured card.
The credit card issuer might increase your credit limit as you make consistent payments after a year.
The Best Secured Credit Cards
Looking for secured credit cards? Canada residents can take advantage of these great offers:
No Fee Home Trust Secured Visa Card: No annual fee, 19…
AIR MILES: Earn 40 Bonus Reward Miles for Best Western stays until July 6
– RewardsCanada.ca
Offer details40 Bonus AIR MILES Reward Miles for each stay you complete at Best Western Hotels in Canada, the U.S. or Caribbean. Full details, online registration and booking (Registration is required) Until Jul 6, 19You must be a member of Best Western Rewards, set your earning preference to AIR MILES and register for the promotion to earn the bonus. Best Western MastercardTop 5 Credit Card Sign Up offers for May – These cards provide some of the best value out of their welcome bonuses
– RewardsCanada.ca
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of May! This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should always take other factors into account other than the just sign up bonus, but when most or all of these cards are first year free, they can and do pay off even when you grab them strictly for the sign up rewards. This month we’re back to adding one annual fee card into the mix along with four cards that offer first year free waivers.No change this month from April! The same five cards as seen last month are the top for this month! Here are our top 5 credit card sign up offers for May (in alphabetical order)BMO AIR MILES World Elite Mastercard – 3,000 Miles (Apply here)This almost best ever sign up bonus for an AIR MILES co-branded card continues on our Top 5 sign up list thanks to its 3,000 miles sign up bonus (worth ~$300 or more) and no annual fee in the first year! Even if you aren’t a fan of AIR MILES the fact you can get 3,000 miles and them use them as cash rewards for no cost to you should be enough to go out and get this card…Earn 750 Bonus Aeroplan Miles for Best Western stays this summer
– RewardsCanada.ca
One airline and hotel partnership you can almost always count on for having a bonus offer is from Aeroplan and Best Western. In a few days the current 500 bonus Aeroplan miles offer will come to end but right on its heels we see a stronger offer come out for the summer! The new offer awards 750 bonus Aeroplan miles on top of the 250 base miles for a total of 1,000 miles per stay. You do have to be a Best Western Rewards member with your earning preferences set to Aeroplan to earn the bonus.Offer details Earn 750 Bonus Aeroplan Miles for each stay at Best Western Hotels in Canada, the United States, or the Caribbean Islands Full details, online registration & booking (Registration is required) May 13 – Sep 30, 19Can’t make use of this offer? Here are some other offers that might work for you!Earn up to 3,000 Bonus Aeroplan Miles when you fly on select Air Canada routes in Canada, or between Canada and the U.S., Sun Destinations, Europe or Asia. Register Online (Registration is required) Earn 1,000 Bonus Aeroplan Miles per night for stays on Thursday to Sunday nights at Marriott hotels in Canada…
