American Express Cobalt Card: 23 new confirmed multiplier locations in Canada & South Africa + MORE Jan 17th

These days, a lot of life’s big milestones—such as buying a home and starting a family—feel unaffordable for many Canadians. Inflation and other economic factors have made everyday purchases like groceries and cell phone plans feel like luxuries, and rising interest rates are making it more expensive to borrow money for credit, loans and mortgages.

Jordan Heath-Rawlings shares your frustration. In November 2023, he launched In This Economy?!, a podcast that helps Canadians tackle financial challenges. Described as “Your guide to understanding an unpredictable economy,” the show explores topics such as inflation, employment, debt, home ownership and repaying CERB.

Heath-Rawlings, who lives in Toronto, is a long-time Canadian journalist—he was a newspaper reporter, a founding editor of Sportsnet, and director of special projects at Rogers Media, among other roles. In 2018, he started Frequency Podcast Network, along with Canada’s first daily news podcast, The Big Story, which he still hosts (he also oversees 30-plus other shows)…

American Express referral bonuses doubled & tripled until March 4, Earn 100 bonus miles when you spend $100+ via AIR MILES Shops and 30,000 bonus PC Optimum points for $100 spend on cosmetics, skin care, or fragrances. Check out today’s points & miles updates here:
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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 third quarter of 2023 was $4,265, according to TransUnion. Credit card debt is growing for Canadians too. That is number up from the second quarter ($4,185) and $3,909 in the first quarter the same year. And it’s almost double the average Canadian credit card debt from the third quarter of 2022 ($2,447). (If you get a work bonus, find out if you should use it to pay off credit card debt or put it toward something else.)

From another report, Canadian consumer debt has risen to $2…

Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 23 new locations from Canada and South Africa being added today. Thanks to the RWRDS Canada community, the feature has now surpassed 2,000 entries covering thousands of locations around the world where you can use the American Express Cobalt Card to […]
The post American Express Cobalt Card: 23 new confirmed multiplier locations in Canada & South Africa appeared first on Rewards Canada.