How to go about securing the best rate and plan for your credit card in Canada.
Latest News
The revamped Scotiabank Platinum American Express Card is here with a 60,000 point welcome bonus + MORE Jul 5th
The revamped Scotiabank Platinum American Express Card debuted on July 1st along with a new best ever welcome bonus offer! The card's revamp takes place in the earn rates, benefits and insurance offered. It is now has a flat earn rate across all spending, no foreign transaction fees and now of.... More »
Best credit cards for rental car insurance in Canada + MORE Mar 22nd
Many premium credit cards come with the benefit of rental car insurance. Understanding credit card rental car insurance can give you peace of mind and save you money the next time you hit the road. Let’s dive into the best credit cards in Canada with this type of coverage.
Best credit cards for.... More »
RWRDS Daily Update – December 29, 2023 Dec 30th
Four new confirmed American Express Cobalt Card multipliers in Edmonton, earn up to 27,500 bonus Be Well points at Rexall and last chance for the LATAM Airlines Pass elite status match. Check out today's points & miles updates here:
The post RWRDS Daily Update – December 29, 2023 appeared fir.... More »
This Week in RWRDS February 7, 2025: Changes coming to Air Canada Aeroplan Feb 8th
This week we discuss the upcoming changes to Air Canada Aeroplan, the new More Rewards RBC Visa cards, up to $225 in rewards for hotel stays in Edmonton and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Link.... More »
23 new confirmed 5x, 2x and 1x points locations for the American Express Cobalt Card Dec 18th
A big update to the American Express Cobalt Card Confirmed Multiplier Locations with 23 new locations from Canada and the U.S. being added today. The feature is quickly approaching 2,000 entries covering thousands of locations around the world where you can use the American Express Cobalt Card to ea.... More »
What’s Wrong With Only Making Your Credit Card Minimum Payment?
– canadianfinanceblog.com
Credit cards can come with many benefits, rewards points, and cashback. But carrying a credit card balance negates any of the advantages of credit cards. Getting a credit card, using it, and making the credit card minimum payment may feel like you are on the right path. But those minimum payments can end up costing you a lot of money in interest charges. Minimum payments are not to your benefit but to that of the credit card companies.
What Is a Credit Card Minimum Payment?
A credit card minimum payment is the minimum amount due to keep your credit card in good standing.
Keeping your credit card in good standing means that there are no late fees or interest charges, no loss of any credit card benefits or rewards, and no missed payment report on your credit report.
How Is the Minimum Payment Calculated?
Your credit card issuer will determine the calculation for your credit card minimum payment. Of course, things can’t be simple, so every issuer may have its way of calculating your minimum amount…
What Is a Credit Card Minimum Payment?
A credit card minimum payment is the minimum amount due to keep your credit card in good standing.
Keeping your credit card in good standing means that there are no late fees or interest charges, no loss of any credit card benefits or rewards, and no missed payment report on your credit report.
How Is the Minimum Payment Calculated?
Your credit card issuer will determine the calculation for your credit card minimum payment. Of course, things can’t be simple, so every issuer may have its way of calculating your minimum amount…
March 4 Update: Two more Hyatt Hotels opening in Canada in 2021, no new Radisson Hotels coming to Canada this year & up to 40,000 bonus Be Well points
– RewardsCanada.ca
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. Hyatt released news yesterday about a major expansion to their independent colletion brands and in that news we learned that not only will we be getting one Joie de Vivre hotel in Canada but actually two and both are slated to join JdV by Hyatt Hotels this year! Those hotels are the Anndore Hotel in Toronto and the Walper Hotel in Kitchener. We have updated our New Hyatt Hotel Openings in Canada for 2021 post to reflect theis latest update. We are now expecting Hyatt to open six hotels in Canada this year.Image via The Walper Hotel — Continuing on the new hotel front we reached out to Radisson Hotels for there plans for this year and unfortunately they are not planning to open any new hotels in Canada in 2021.Image via Radisson—Rexall’s Be Well program is offering up to 40,000 bonus points when you spend $50 or more this weekend…Scotiabank Gold American Express Card Review
– RewardsCanada.ca
Ranked as the number one travel points credit card with an annual fee in Canada, the Scotiabank Gold American Express Card was last reviewed by Rewards Canada in 2015, some three years after it was introduced in 2012. It was the first American Express card issued by a bank other than Amex Bank of Canada since CIBC tried the partnership in 2002. The card underwent some massive changes in 2019 so it is really due for a new updated review here on Rewards Canada!If you want to see what the old card was like read our Scotiabank Gold American Express Card Review (Old 2015 version) The Scotiabank Gold American Express Card is the middle of a suite of three American Express cards issued by Scotiabank and is by far the most popular version of the trio. When launched they took hints of their own Momentum Visa Infinite Cash Back card which has some very high category spend bonuses and applied them these suite of cards. Depending on how you use the card it can be give you a return of 1% to as high as 5% on travel rewards…
