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
This Week in RWRDS October 18, 2024: Amex Cobalt Card no longer earns point multipliers outside of Canada + MORE Oct 19th
This week we look at the Amex Cobalt Card multipliers being cut on purchases outside of Canada, the big changes to Alaska Airlines Mileage Plan for 2025 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: Links for t.... More »
Top Cash Back Credit Card Sign Up offers for November 2023 Nov 12th
Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of November 2023. 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 cash back acquisition (welcome/sign up) offers. This includes c.... More »
RWRDS Daily Update June 3: Opt in for your monthly bonus offers from AIR MILES + MORE Jun 4th
Opt in for your monthly bonus offers from AIR MILES and Earn 1,000 bonus Stash Rewards points on stays booked this month. Check out today's points & miles updates here:
The post RWRDS Daily Update June 3: Opt in for your monthly bonus offers from AIR MILES appeared first on Rewards Canada..... More »
The Best Cash Back Credit Card Welcome Bonus Offers for July 2025 + MORE Jul 5th
Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of July. This is not a ‘best’ credit card list like our Top Cash Back Credit Card rankings but instead look at cards that have very good cash back welcome bonus sign up offers. This list includes cards that [&.... More »
Why digital and virtual credit cards are safer than the real thing Jul 3rd
One of the biggest fears consumers have is losing a credit card, but a lost card is usually detected quickly and the account frozen. A bigger danger may lie in using your credit card to make payments online—especially if you are unfamiliar with the vendor or using a public Wi-Fi network that can b.... More »
Loyalty Lesson: When a credit card first checked bag free benefit isn’t free
– RewardsCanada.ca
For nearly a decade now I have heard from hundreds of Canadians that the sole reason they have the WestJet RBC World Elite Mastercard is for the first checked bag free benefit. And rightfully so, that benefit can provide huge savings for individuals, families, infrequent or frequent flyers who check bags when they travel. For […]
The post Loyalty Lesson: When a credit card first checked bag free benefit isn’t free appeared first on Rewards Canada.
The post Loyalty Lesson: When a credit card first checked bag free benefit isn’t free appeared first on Rewards Canada.
The Best No Foreign Transaction Fee Credit Cards in Canada
– canadianfinanceblog.com
Travelling outside of Canada can lead to wonderful experiences, but it often comes with a few financial hassles. One primary concern for many Canadians is the added cost of foreign transaction fees on their credit card purchases. These fees, ranging between 2.5% and 3%, can affect your travel budget and make a dent in your overall spending power.
Fortunately, there are several credit cards in Canada that offer no foreign transaction fees as a key feature. By using these cards for your international purchases, you can save money on every transaction made in a foreign currency.
To help you find the right no foreign transaction fee credit card, I’ve compiled a list of a few of the best ones in Canada. I also explain how these credit cards differ from US dollar credit cards, which are another popular option.
The Benefit of a No Foreign Transaction Fee Credit Card
Whenever you make purchases with a Canadian credit card while shopping in a foreign country, a foreign currency exchange occurs at the moment of the transaction…
Fortunately, there are several credit cards in Canada that offer no foreign transaction fees as a key feature. By using these cards for your international purchases, you can save money on every transaction made in a foreign currency.
To help you find the right no foreign transaction fee credit card, I’ve compiled a list of a few of the best ones in Canada. I also explain how these credit cards differ from US dollar credit cards, which are another popular option.
The Benefit of a No Foreign Transaction Fee Credit Card
Whenever you make purchases with a Canadian credit card while shopping in a foreign country, a foreign currency exchange occurs at the moment of the transaction…
Do you need mortgage life insurance?
– moneysense.ca
Ask MoneySense
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?
—Katerina
What is mortgage life insurance?
I’m glad that you noticed the life insurance you’re paying on your mortgage, Katerina. Many people don’t even know if their mortgage is insured or not in the first place. Click on your mortgage when online banking or check your most recent mortgage statement and you will most likely notice a reference to your mortgage being protected or insured or potentially not protected or not insured.
This insurance coverage is typically a combination of life insurance and disability insurance. In the event of death, the life insurance component of the policy pays off the outstanding mortgage. In the event of disability, the disability insurance component of the policy makes your regular payments.
Banks are prohibited from selling most types of insurance in their branches other than life and disability insurance on credit products…
This Week in RWRDS: September 16 – 22, 2023
– RewardsCanada.ca
We have our newest Loyalty Lesson which is when a credit card first checked bag free benefit is not free, the awesome new 60,000 mile bonus on the Air France KLM Mastercard and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in […]
The post This Week in RWRDS: September 16 – 22, 2023 appeared first on Rewards Canada.
The post This Week in RWRDS: September 16 – 22, 2023 appeared first on Rewards Canada.
