The best credit cards for airport lounge access in Canada for 2023 + MORE Oct 5th

16 new Cobalt Multipliers in Alberta, Manitoba & Ontario, Three new RBC Offers for Boston Pizza, Petro-Canada & SOTC and a new Amex Offers statement credit for Mr. Mikes. Check out today’s points & miles updates here:
The post RWRDS Daily Update – October 5, 2023 appeared first on Rewards Canada.

American Express’ 25% bonus for transferring Membership Rewards points to Marriott Bonvoy has returned! This time the offer is ‘officially available’ unlike the small unintentional release they had with it in late August! The offer is also available for a longer duration this year as it is good for transfers made until November 30, 2023. […]
The post It’s back! 25% transfer bonus from American Express to Marriott Bonvoy appeared first on Rewards Canada.

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 credit card balance for Canadians in the second quarter of 2023 was $4,185, up from $3,909 in the second quarter, according to Transunion. And that is up from average monthly credit card spend of almost $2,447 in the third quarter of 2022, which is above the 17.3% from same time in 2021 and up 21.8% in 2019, according to Equifax. And from another report, Canadian consumer debt has risen to $2.4 trillion, with an average debt load of approximately $21,131—excluding mortgages…

Credit Cards

The best credit cards in Canada with roadside assistance in 2023
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By Lisa Hannam and Keph Senett on October 5, 2023

As you prep your car for the winter, it’s time to think about your credit card for a very special perk. Add “roadside assistance” to the list that includes a plunger, first-aid kit and a screwdriver small enough to fix your sunglasses: “Things you don’t realize you need, until you need them.” But this credit card perk can feel like you won the lottery when you’re stranded on the highway during a good ol’ Canadian snowstorm or on a steaming hot long weekend on the road to cottage country. That’s why we rounded up the best credit cards with free roadside assistance…

Spend

The best credit cards for airport lounge access 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 perfect card*

You will be leaving MoneySense. Just close the tab to return.

CardNumber of lounge visitsAnnual feeScotiabank Passport Visa Infinite*6$150TD Aeroplan Visa Infinite Privilege*Unlimited for Maple Leaf Lounges in North America$599American Express The Platinum Card*Unlimited$799BMO Ascend World Elite Mastercard*4$150CIBC Aventura Visa Infinite4$139

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…