“My take on debt has changed over time”: Eva Wong on saving and investing + MORE Apr 24th

A big announcement today from AIR MILES as they have added new BMO AIR MILES credit card accelerated earn rates for wholesale clubs and alcohol retailers plus they will be adding alcohol retailers to AIR MILES receipts. The program has also added Instacart to AIR MILES Shops as one more avenue for collectors to earn […]
The post AIR MILES adds wholesale club and alcohol retailer accelerated earn rates + expands AIR MILES Receipts appeared first on Rewards Canada.

IHG One Rewards has brought back their 15% discount on Reward Nights for Platinum & Diamond Elite members. You can also receive the discount if you have any of the U.S. issued IHG credit cards. The discount is valid for stays of 3 nights or less. Elite members can start booking this offer on April […]
The post IHG One Rewards: 15% discount on Reward Nights for Platinum & Diamond Elites appeared first on Rewards Canada.

Who wants to pay to find out their credit score? Ten years ago, this felt really backwards to Eva Wong—so she co-founded Borrowell, the first company to offer free access to credit scores and credit reports in Canada (in partnership with credit bureau Equifax). In addition to credit scores, her company offers credit-building tools—including Rent Advantage, for tenants who want to build a credit history—and an online marketplace for loans and other financial products. 

Wong is passionate about helping Canadians better understand money and credit. She’s received many accolades for her work, including EY’s Entrepreneur of the Year award in Ontario in 2019, and inclusion on the 2017 Women in FinTech Powerlist curated by Innovative Finance, an independent industry association. Below, she shares her thoughts on managing money, saving for the future and much more.

Who are your finance heroes?

David Chilton is one of my finance heroes. When I was in high school, I read his book The Wealthy Barber (Penguin Random House, 1997)…

Earlier in the month we let you know how KOHO have lowered the earn rates on the Extra Plan and a day after that they removed most of the details of the free Easy Plan. There were questions on what was happening to the plan as it is still shown on the home page but […]
The post Now Live: Changes to KOHO Prepaid Mastercard – Easy Plan gone & Essential Plan earn rate cut appeared first on Rewards Canada.

Equifax Canada is exploring how rent data could factor in to credit scores to help make credit and financial services accessible to more people.

The agency said it has been testing small volumes of rental payment data to assess its suitability.

An Equifax study found that including “alternative data” could establish or enhance the credit scores for millions of Canadians.

“Equifax Canada has been leading the way and has been modelling how rental payments, just like mortgage payments, can help build a credit score,” Equifax Canada president and CEO Sue Hutchison said in a news release. 

“This is so important for young Canadian consumers, new Canadians and other underserved consumers.”

Featured credit cards

featured

Travel rewards card

Earn 5 times the points on groceries and restaurants in Canada, and pay no forex fees when abroad. Plus get an $80 gift card upon approval…