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
Amtrak resumes service between Toronto and New York & a new Amex Offer for Lordco Auto Parts + MORE Jul 12th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Amtrak has resumed service to Toronto from New York after a two year hiatus. The Maple Leaf service operates daily with six stops on the Canadian portion of the rout.... More »
This Week in RWRDS: October 14 – 20, 2023 Oct 21st
This week we look at five amazing flight rewards that can be achieved with very low credit card spend, Porter Airlines new routes 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: Topics of discussion: Five amazing.... More »
Binance Review: Does It Work for Canadians? + MORE Sep 3rd
What Is Binance?
Binance is the world’s largest crypto exchange and a leading blockchain ecosystem. More than 90 million users worldwide buy, trade, and store more than 350 crypto coins through Binance. But the platform has limitations that impact Canadian users, especially if you live in Ontario..... More »
The best no foreign transaction fee credit cards in Canada for 2023 + MORE Nov 1st
Credit Cards
The best no foreign transaction fee credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perf.... More »
Podcast Episode 99: Loyalty Lesson – Credit Card Spending Caps Explained Dec 20th
In this episode we provide our first Loyalty Lesson podcast. If you read the Rewards Canada site regularly you may have already seen this feature but just in case you haven’t, the Loyalty Lesson is Credit Card Spending Caps explained! We look at how credit card issuers place caps on the acc.... More »
What Is a Good Credit Score in Canada?
– canadianfinanceblog.com
Have you ever been surprised to find that you were turned down for credit, or that you had very little credit history at all? Even if your credit history is rock solid, it’s important to know what goes into determining your credit score. Understanding how your credit score is measured will help you improve it, and keep it in good standing.
What is a Credit Score?
A credit score is a summary of an individual’s entire credit history and serves as an indicator of their ability to meet their financial obligations.
Your credit file is a fairly complex document that’s full of various codes and data. The credit bureau provides an ongoing analysis of that data, summarizing it into an easy-to-decipher 3-digit score, allowing lenders to assess the overall quality of your repayment history, before deciding to dig deeper.
For example, an excellent credit score may indicate that no further investigation is necessary, an average score might suggest a deeper review, and a poor one could mean a summary denial…
What is a Credit Score?
A credit score is a summary of an individual’s entire credit history and serves as an indicator of their ability to meet their financial obligations.
Your credit file is a fairly complex document that’s full of various codes and data. The credit bureau provides an ongoing analysis of that data, summarizing it into an easy-to-decipher 3-digit score, allowing lenders to assess the overall quality of your repayment history, before deciding to dig deeper.
For example, an excellent credit score may indicate that no further investigation is necessary, an average score might suggest a deeper review, and a poor one could mean a summary denial…
Guide to Credit Card Emergency Medical Insurance Coverage – Updated for 2022
– RewardsCanada.ca
The one good thing about doing a website redesign and updating pages on a one by one basis is that it allows us to also bring the content of those pages up to date. Such is the case with this feature we first published back in February 2013. It has had a few updates along the way but definitely needed to be a thorough brushing up for 2022. That feature is our Guide to Credit Card Emergency Medical Insurance Coverage (formerly titled Travel Reward Credit Card Medical Insurance Coverage but there are cash back cards with this benefit now) and the main premise of this feature is to let readers know which cards provide the insurance and more importantly which will cover you when you are 65 years or older.Screen shot of the primary focus from the featureClick here to check out the updated Guide to Credit Card Emergency Medical Insurance Coverage If there are any cards/details we missed or you have any questions about this type of coverage please let us know in the comments section.
TD Refer a Friend limited time offer: earn up to $300 in e-gift cards for credit card referrals
– RewardsCanada.ca
We’ve now seen several banks offer incentives for referring friends and family to their card products, with American Express being the most notable and now TD is in the referral game. Launching today, TD has a limited time offer whereby if you have a TD card you can refer friends and family to get a TD credit card and you’ll receive a $100 e-gift card for each successful application up to three times. This offer is available until March 6, 2022 and my guess is if this limited time refer a friend offer is successful for TD we’ll see it return in the future. TD states there is a wide selection of $100 e-gift cards you’ll be able to choose from including Amazon, Uber Eats and Sobeys.Here are the cards you can refer to:TD® Aeroplan® Visa Infinite* CardTD® Aeroplan® Visa Platinum* Card TD® Aeroplan® Visa Infinite Privilege* CardTD Cash Back Visa Infinite* CardTD First Class Travel® Visa Infinite* CardTD Platinum Travel Visa* CardAlso if you don’t currently have a TD card but have been considering one and more so considering two, ie one for yourself and one for your partner/spouse/player 2 you should have enough time to apply for one card right now and then refer your partner/spouse/player 2 once you get your card and have it activated…
