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?
Latest News
Podcast Episode 100: Canada’s Top Travel Rewards Credit Cards 2023 + MORE Jan 11th
Rewards Canada is pleased to present the best Travel Rewards Credit Cards in Canada for 2023! In this, our 15th edition of ranking the best credit cards in Canada we have added two new categories to help Canadians from all walks of life find the best travel credit cards for their wallets. Cli.... More »
Air Canada Aeroplan Family Pool Flight Bonuses for travel to Casablanca or Seoul + MORE Jul 26th
Air Canada launched two new flight promotions this month to earn bonus Aeroplan points on travel to Casablanca or Seoul. What is unique about these promotions is that they are targeted to Aeroplan Family Pool members and at least two members of the pool must complete the requirements of the of.... More »
Air Canada Aeroplan Award Flight Sale: Save up to 20% in points on flights to select European destinations + MORE Mar 30th
Air Canada has launched an Aeroplan Award flight sale for travel to select destinations in Europe. This sale provides up to a 20% discount in the points required to redeem for flights when you book by April 12. The discount and travel dates vary by location as listed below. Receive up to .... More »
Aeroplan elites can now transfer points to Marriott Bonvoy + MORE Sep 6th
Air Canada Aeroplan has joined a half dozen other airline programs that allow transfers of their points into Marriott Bonvoy. As of today, Aeroplan Elite members can now choose to transfer their Aeroplan points to Marriott Bonvoy points on a 1:1 basis. The Aeroplan to Marriott Transfer Process Per A.... More »
February 1 Update: Another batch of confirmed 5x and 2x Cobalt Multiplier locations, new increased bonus on the Signature RBC Rewards Visa & Scotiabank Gold American Express Card Review + MORE Feb 1st
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
How do credit card payment deferrals work during COVID-19?
– moneysense.ca
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lines of credit, loans and other non-mortgage debt, according to Equifax Canada.
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
AIR MILES extends Gold and Onyx elite status to 2021 and further extends travel change fee waiver
– RewardsCanada.ca
Over the past few weeks we have been passing along the news of many airline and hotel loyalty programs extending the elite status for their members and now AIR MILES has followed suit. The program reached out to us today to pass along the news that Gold and Onyx elite status members will have their status extended to the end of 2021. AIR MILES has also extended the period of their travel change fee waiver to the end of May.Here are the details that AIR MILES provided to us:AIR MILES GOLD® and Onyx® Status Extension For Collectors who achieved AIR MILES GOLD® or Onyx® Collector status in 2019, their status has been automatically extended for an entire year – until December 31, 2021. Given the current circumstances, AIR MILES understands that it may be hard to re-qualify for status in 2020 and wanted to provide our Collectors with the assurance that your status and benefits are secure.Travel change fee extensionAdditionally, AIR MILES is extending its one-time waiver of all AIR MILES change fees until May 31, 2020 for all bookings with travel dates between March 13, 2020 and May 31, 2020…
