There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
BMO CashBack Mastercard Review + MORE Nov 12th
The BMO CashBack Mastercard is a solid no-annual-fee cash-back card that makes getting redemptions easy and straightforward. Its earn rate of 3% on groceries is the highest in Canada for a no-fee card, and in addition it offers 1% cash back on recurring bill payments. Everything else earns at 0.5%. .... More »
The RBC British Airways Visa Infinite Card will now earn up to 3 Avios per dollar spent + MORE Apr 15th
The RBC British Airways Visa Infinite Card was made even better today with the introduction of improved earn rates. This card that is primarily targeted towards Canadians who fly with British Airways or other oneworld airlines will now earn up to 3 Avios per dollar spent. In addition to the new earn.... More »
What Happens to Your Points When You Cancel a Rewards Credit Card? + MORE Mar 21st
The moment you redeem your credit card rewards can feel exhilarating. Maybe you’ve treated yourself to new merchandise, event tickets, or a free flight. But, when it is time to upgrade your credit card or cancel it altogether, the outcome may not be so joyous.
Depending on the type of rewards car.... More »
It’s back! A 25% transfer bonus from American Express to Marriott Bonvoy Aug 28th
American Express’ 25% bonus for transferring Membership Rewards points to Marriott Bonvoy has returned! The offer has not been officially announced or mentioned on Amex’s site but has been in place for at least a few days now. Rewards Canada reader Brian alerted us to it this past Thursday s.... More »
November 27 Update: Aeroplan contest winners, 40,000 bonus Be Well points at Rexall and tell us your Mobile Device Insurance stories + MORE Nov 28th
The "Big Five" Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
November 27 Update: Aeroplan contest.... More »
Introducing the Tangerine World Mastercard – Earn up to 4% cash back
– RewardsCanada.ca
Tangerine Bank doubled the size of their credit card offerings today as they have released the Tangerine World Mastercard. It is the first premium card in Tangerine’s card portfolio after their pretty popular Tangerine Money Back Mastercard. If you are familiar with or have the Money Back Mastercard you’ll be familiar with this card as it isn’t too far off that first card.This new card offers the same earn rates as its entry level compatriot but adds in some extra benefits including CDW Insurance (Car Rental collision), Mobile Device Insurance and Mastercard Airport Experiences which is a complimentary airport lounge and benefits program. It also adds in Purchase Assurance and Extended Warranty which is a standard feature on pretty much all premium cards in many entry level cards in the market. What makes this new card stand out is that it provides all these new benefits with no annual fee. The card does have a annual minimum income requirement of $60,000 personal or $100,000 household…November 28 Update: Rewards Canada Podcast now on Spotify, more Black Friday Cyber Monday travel deals & more
– RewardsCanada.ca
Great news for those of you who use Spotify! The Rewards Canada Podcast is now on the Spotify platform. You can access the Podcast here or simply search for Rewards Canada!Don’t forget to keep checking our Black Friday Cyber Monday deals page! Today we added new offers from KLM, Korean Air, Orbitz, Ethiopian Airlines, Europcar, Rocketmiles and more! Check it out here.Celebrate Aeroplan’s Black Friday Cyber Monday deals with our contest where you can have a chance to win 10,000 Aeroplan miles! Enter the contest here. Posts since our last update:Up to a 100% Bonus when you buy IHG Rewards Club Points until December 30 IHG Rewards Club is once again running a buy points bonus! This timed it is a tiered offer and…Introducing the Tangerine World Mastercard – Earn up to 4% cash back Tangerine Bank doubled the size of their credit card offerings today as they have released the Tangerine World Mastercard.…Only a few days left for the highest ever sign up bonus on the TD Aeroplan Visa Infinite Card Here is a friendly reminder that the current bonus of up to 40,000 Aeroplan Miles on the TD Aeroplan…November 26 Update: More Black Friday Cyber Monday deals, 5,000 Bonus Aeroplan Miles on your first Rocketmiles booking & more Don’t forget to keep checking our Black Friday Cyber Monday deals page! New offers are being added daily…“Is it better to pay down our mortgage or ramp up contributions to our teen’s RESP?”
– moneysense.ca
Q. My husband and I, both in our early 40s, bought a house in Toronto four years years ago. Since then, our variable rate mortgage has gone up four times and is now at 3.2%.
We have managed to pay down $150,000 of our mortgage in those four years with the extra bi-weekly payments and have $260,000 remaining. My husband would like to stop the extra payments and instead use that money to put towards a Registered Education Savings Plan (RESP) as his son heads to university in four years. I think the money is better spent on paying down the mortgage, which, at our current rate, would be fully paid off in six years, freeing up a lot of cash flow to assist with university costs; I’m also thinking we could take out a Home Equity Line of Credit (HELOC) at that time, if necessary. As interest rates keep rising I think getting the mortgage paid off as quickly as possible is the best choice. What are your thoughts?
–Caitlin
A. Caitlin, you and your husband have been diligently paying down your mortgage with amazing speed…
We have managed to pay down $150,000 of our mortgage in those four years with the extra bi-weekly payments and have $260,000 remaining. My husband would like to stop the extra payments and instead use that money to put towards a Registered Education Savings Plan (RESP) as his son heads to university in four years. I think the money is better spent on paying down the mortgage, which, at our current rate, would be fully paid off in six years, freeing up a lot of cash flow to assist with university costs; I’m also thinking we could take out a Home Equity Line of Credit (HELOC) at that time, if necessary. As interest rates keep rising I think getting the mortgage paid off as quickly as possible is the best choice. What are your thoughts?
–Caitlin
A. Caitlin, you and your husband have been diligently paying down your mortgage with amazing speed…
Canadians have an appetite for travel and, accordingly, the travel rewards credit card field is packed with competing cards. With an attractive insurance package and perks like airport lounge access, the BMO World Elite Mastercard seeks to tempt users into the BMO Rewards program. But here’s the big question: Is the card good enough to justify the $150 annual fee? We delve into what the card offers and show you exactly how it stacks up against other travel reward cards.
BMO World Elite Mastercard quick facts
BMO World Elite Mastercard*
Annual fee: $150 (waived for the first year for new members)
Rewards: 3 BMO Rewards Points per dollar on dining, travel and entertainment; 2 Points per dollar for everything else
Welcome offer: Get up to 35,000 Points and the first year’s annual fee waived
BMO Rewards Points value: 1 point = $0.007 when redeemed for travel
Income requirement: $80,000 annually or $150,000 household
Purchase interest rate: 19.99%
Best features: Airport lounge access with 4 free annual passes; BMO Points redemption on any airline without blackout dates; great rewards on everyday spending; robust insurance coverage
Who is it best for: Frequent flyers and high income earners
Also seen in: The BMO World Elite Mastercard was named one of the best travel cards and one of the best credit cards with lounge access by MoneySense
Click here for more details about the BMO World Elite*
The BMO World Elite Mastercard
5 things you need to know about the BMO World Elite Mastercard
How do I redeem my BMO Rewards?
What are BMO Rewards Points worth?
What are the best ways to benefit from this card?
Are there any drawbacks to the BMO World Elite Mastercard?
5 things you need to know about the BMO World Elite Mastercard
The card lets you collect BMO travel rewards
The BMO Rewards program allows you to earn BMO Points on your credit card purchases, redeemable for travel expenses such as flights (including all taxes), hotels, cruises and vacation packages…
