All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
WestJet RBC Mastercard changes – further clarifications on voucher and checked bag benefit changes + MORE Sep 19th
It’s been over a week now since changes were announced to both the WestJet RBC World Elite Mastercard and WestJet RBC Mastercard. We covered all the changes in our article Big changes coming to the WestJet RBC World Elite Mastercard and WestJet RBC Mastercard and won’t cover them here. H.... More »
Goodbye, Canada: A guide to departure tax, withholding tax for non-residents + MORE Jun 18th
Canada taxes its residents on their worldwide income. This means that someone who lives in Canada must report income earned in Canada, as well as income earned in other countries, on their Canadian tax return.
Tax withheld or payable in a foreign country is generally eligible to be claimed as a f.... More »
RWRDS Daily Update – June 27, 2024: New BMO AIR MILES Mastercard designs & 2x CT Money on fuel purchases + MORE Jun 28th
New BMO AIR MILES Mastercard designs, earn 2x CT Money on fuel purchases this weekend and load your weekly shopping offers. Check out today's points & miles updates here:
The post RWRDS Daily Update – June 27, 2024: New BMO AIR MILES Mastercard designs & 2x CT Money on fuel purchases app.... More »
RWRDS Daily Update Sep 27: Earn 500 bonus AIR MILES on Orlando hotel stays + MORE Sep 28th
Earn 500 bonus AIR MILES on Orlando hotel stays, Air France to add free Starlink Wi-Fi starting in 2025 and a New Amex Offer for Carnivore Club. Check out today's points & miles updates here:
The post RWRDS Daily Update Sep 27: Earn 500 bonus AIR MILES on Orlando hotel stays appeared first on R.... More »
Bank fees for non-sufficient funds will be capped at $10—but not until next March + MORE Mar 21st
Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.
The updates, included in an order-in-council last week (March 12), cap non-sufficient funds fees at $10 for personal deposit.... More »
Earn up to 3,000 bonus Aeroplan Points on Air Canada flights to the U.S.
– RewardsCanada.ca
Air Canada has a new flight bonus offer for Aeroplan members travelling out of Canada to the U.S. This offer awards up to 3,000 bonus Aeroplan points depending on which fare class you buy. You must register for this offer and book flights between April 20 and May 4 for travel until August 31, 2022Offer details:Earn up to 3,000 bonus Aeroplan Points when you fly on Air Canada between Canada and the U.S. Bonus awarded on round trip travel or two one way trips. Book by May 4 for travel until Aug 31, 22. Click here to register for this offer (Registration is required)Bonus awarded as follows:Premium Economy/Business offer: Earn 3,000 Aeroplan bonus points when flying on any eligible route between Canada and the USA (applicable on round trip or two one-way trips only).Eligible Fares: Premium Economy lowest, Premium Economy flexible, Premium Rouge, Business Class lowest; and Business Class flexible.Economy offer: Earn 1,000 Aeroplan bonus points when flying on any eligible route between Canada and the USA (applicable on round trip or two one-way trips only)…Canada’s best credit cards for people with bad credit 2022
– moneysense.ca
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. However, if you want to improve your credit score, you’ll have to prove you can handle credit responsibly—and one way to do that is (you guessed it) to have a credit card. When used responsibly, having and using a credit card can actually be a helpful tool to assist in rebuilding bad credit. While a low credit score might limit which credit card you can qualify for, luckily, there are a whole host of products catered to people with this issue. While these often come with higher interest rates and lower spending limits, they can be a good starting point to re-establishing a respectable credit score, which in turn will help you get approved down the line for loans, a line of credit or even a mortgage. Some of these cards even earn you rewards, too.Find your next credit card.What kind of credit card are you looking for? Get matched with the best cards for you in under 2 minutes at ratehub…
How Does Credit Card Interest Work in Canada?
– canadianfinanceblog.com
Everyone knows that credit card interest rates are among the highest of any borrowing product, outside payday loan companies, and other last-resort lenders. That’s why it’s so important to pay off your credit card balance in full each month.
But there’s more to credit card interest than the high rates. This article will cover other things about credit card interest, including the interest-free grace period and how cash advances work.
Interest-Free Grace Period
Before we get into the various ways credit card companies charge interest, it’s important to remember that you won’t pay any interest on a credit card if used properly. That’s because most credit card companies have a 21-day grace period between the time you make a purchase and when the credit card company begins charging interest. No interest will be charged as long as you pay off your balance in full within that grace period.
Cash Advances
The grace period doesn’t include cash advances. A cash advance refers to the money you borrow from a credit card that doesn’t involve a purchase…
But there’s more to credit card interest than the high rates. This article will cover other things about credit card interest, including the interest-free grace period and how cash advances work.
Interest-Free Grace Period
Before we get into the various ways credit card companies charge interest, it’s important to remember that you won’t pay any interest on a credit card if used properly. That’s because most credit card companies have a 21-day grace period between the time you make a purchase and when the credit card company begins charging interest. No interest will be charged as long as you pay off your balance in full within that grace period.
Cash Advances
The grace period doesn’t include cash advances. A cash advance refers to the money you borrow from a credit card that doesn’t involve a purchase…
The best store credit cards in Canada 2022
– moneysense.ca
Creatures of habit, rejoice! Your loyal shopping behaviours may just pay off, big time. If you shop regularly at certain retailers, using a store credit card can help you to earn discounts, free goods and exclusive perks by swiping or tapping for everyday purchases. Spending with a store credit card can even give you VIP access to sales. And if you already collect loyalty points, they’ll likely accumulate even quicker with a store credit card. Considering that these cards typically have no annual fee, the reasons to switch are racking up quicker than your latte charges. Read on to see which are the best store credit cards in Canada for making your daily spending work for you.
Best store credit cards in Canada
Best for Loblaws, Shoppers Drug Mart and Esso — PC Financial World Elite
Best for shopping local — The Neo Card
Best for Canadian Tire, Sport Chek and Mark’s — Triangle Mastercard
Best for Amazon — Amazon.ca Rewards Mastercard
Best for Walmart — Walmart Rewards World Mastercard
Best for Costco — CIBC Costco Mastercard
Honourable mention — Scotiabank GM Visa Infinite
If you spend at Loblaws, Shoppers Drug Mart and Esso
PC Financial World Elite Mastercard*
This credit card brings something more to the table–get it? Arguably the best no fee card credit for groceries in Canada, the PC Financial World Elite Mastercard earns you PC Optimum Points faster when you shop at any of the Loblaw banner stores (Loblaws, No Frills, Superstore, Fortinos, etc…
