All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
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 »
Earn up to 115,000 points with the TD Aeroplan Visa Infinite Privilege Card + MORE Jul 14th
TD’s Ultra Premium Aeroplan co-brand card, the TD® Aeroplan® Visa Infinite Privilege* Card is currently available with a record high welcome bonus offer of up to 115,000 bonus Aeroplan points! On top of the huge points bonus, being an ultra premium card it has many benefits associated t.... 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 »
Top Cash Back Credit Card Sign Up offers for May - These cards provide the best value out of their welcome bonuses May 8th
Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of May 2022. This is not a 'best' credit card list like our Top Cash Back Credit Card rankings but instead a look at cards that have very good acquisition (welcome/sign up) offers. As always when choosing a c.... More »
RWRDS Daily Update – February 29, 2024 + MORE Mar 1st
New RBC Offers credit for fresh kitchen + juice bar and ANA Mileage Club premium cabin flight awards devaluation coming in April. Check out today's points & miles updates here:
The post RWRDS Daily Update – February 29, 2024 appeared first on Rewards Canada..... More »
What Is the Minimum Credit Score Required for a Mortgage In Canada?
– canadianfinanceblog.com
There are many things you need to have in place before getting a mortgage in Canada. One of the most important is to have a good credit score. But what constitutes a good credit score? After all, there are many different mortgage lenders out there, and each one has its lending criteria that they follow. This article will let you know what credit score you’ll need to qualify and what else you need to consider before starting your mortgage application.
Minimum Credit Score Needed for an Insured Mortgage
On July 1, 2020, Canada Mortgage and Housing Corporation (CMHC) increased the minimum credit score requirement on insured mortgages from 600 to 680. This represented a significant jump, and the response from industry experts was mixed. Many felt that the new benchmark was too restrictive and would result in too many Canadians not entering the housing market.
CMHC’s minimum score applies to at least one borrower on a mortgage. This makes the situation a bit more flexible for couples, as only one borrower needs to exceed the 680 threshold…
Minimum Credit Score Needed for an Insured Mortgage
On July 1, 2020, Canada Mortgage and Housing Corporation (CMHC) increased the minimum credit score requirement on insured mortgages from 600 to 680. This represented a significant jump, and the response from industry experts was mixed. Many felt that the new benchmark was too restrictive and would result in too many Canadians not entering the housing market.
CMHC’s minimum score applies to at least one borrower on a mortgage. This makes the situation a bit more flexible for couples, as only one borrower needs to exceed the 680 threshold…
