There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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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 »
RWRDS Daily Update – March 7 + MORE Mar 7th
We review the American Express Aeroplan Card; 2,000 Free Points for joining ITA Airways Volare and The British Airways Economist offer will end March 31. Check out today's miles and points updates here:
The post RWRDS Daily Update – March 7 appeared first on Rewards Canada..... More »
Alberta Child and Family Benefit payment dates in 2025 + MORE Apr 15th
The Alberta Child and Family Benefit (ACFB) is a program administered by the Canada Revenue Agency (CRA) on behalf of the government of Alberta. The ACFB was introduced to assist lower-income and middle-income families with children under 18. Eligible families can receive direct financial assistance.... More »
Guide to picking a Points Earning Machine + MORE Jan 18th
Sometimes we get inquiries for credit cards that all the reader is asking for is a way to earn as many points as possible. They could care less about benefits, insurance and what not. They just want to rack up a ton of points on their everyday spending. That’s where the Guide to picking a [….... More »
GST/HST credit payment dates: When to expect your money in 2025 + MORE Nov 25th
The GST/HST credit is a quarterly benefit that deposits tax-free money directly into your account, designed to help offset the cost of living by putting cash directly into the pockets of Canadians. If you live in Canada, you might already be getting this valuable tax benefit without even realizing i.... More »
How much credit card debt does the average Canadian have?
– moneysense.ca
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these forces are adding pressure to those with variable-rate loans and mortgages. Unsurprisingly, many Canadians are using their credit cards to charge their expenses.
How much debt does the average Canadian carry?
The average monthly credit card spend for Canadians was almost $2,447 in the third quarter of 2022, up by 17.3% compared to the same time in 2021 and up 21.8% in 2019, according to Equifax. And another report from the Canadian credit bureau, Canadian consumer debt has risen to $2.32 trillion, with an average debt load of approximately $21,183—excluding mortgages. These numbers represent an increase of 8.2% over last year, and 6.4% between the first and second quarters of 2022…
