How to go about securing the best rate and plan for your credit card in Canada.
Latest News
Air Canada & United - Up to 15,000 Bonus Miles between Canada or the U.S. and Europe Dec 6th
You may recall that earlier this week we let you know about the Air Canada flight mileage bonus for flights to over 70 cities in the AC network. You may have also noticed that Europe was not included on this list. The reason why is there is a separate bonus for flights to Europe on Air Canada or Un.... More »
Target offers free credit monitoring to say sorry for hack + MORE Jan 24th
Target is apologizing to its Canadian customers for a high-profile security breach at U.S. stores by offering a year of free credit monitoring at its expense..... More »
6 money lessons I wish I knew in my 20s + MORE Apr 29th
Introducing Making It, a new column in which writer Sandy Yong aims to help young adults get their financial footing.
Being in your early 20s is full of exciting milestones, but it can also be a nerve-wracking time. With so much to learn—from choosing a career path to renting your first apartme.... More »
Top 5 Small Business Credit Card Sign Up offers for December + MORE Dec 7th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for December This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but a look at cards for small businesses that have very good acquisition offers. As always when choosing a card .... More »
B.C. to legislate $36 billion agreement with Pacific NorthWest LNG + MORE Jul 6th
VICTORIA – A blue print for the largest private-sector investment in British Columbia’s history will be presented next week in the provincial legislature.
Finance Minister Mike de Jong made the statement as he announced the deal with Petronas-backed Pacific NorthWest LNG that sets out a .... More »
Make every dollar count abroad
– moneysense.ca
When travelling outside Canada, it pays to think about how you’ll access your money. Even on short excursions, foreign transaction fees and exchange rates can provide nasty surprises on your bank statements. But for those travelling regularly, particularly snowbirds spending months outside our borders, such surcharges can easily amount to hundreds of dollars. Thankfully, these expenses are sometimes avoidable or can at least be reduced provided you do a little pre-vacation homework, says Rewards Canada’s founder and CEO Patrick Sojka.
Press play below to hear more on this topic from David Hodges and 680 News’ Mike Eppel:
Debit and credit are best
It wasn’t so long ago that globe-trotting necessitated carrying large amounts of cash or traveller’s cheques. Thankfully those days are over. Travellers can now use their debit and credit cards in most destinations, “even in third-world countries and the oddest places,” says Sojka. In addition to their convenience and safety, debit and credit almost always provide the most competitive exchanges rates…
Beware The Latest Low Interest Credit Card Scam
– ratesupermarket.ca
While it usually pays to be an informed shopper who seeks out the lowest interest rates, a new credit scam is targeting savvy deal hunting Canadians. For a fee, these fraudsters are promising unaware customers low interest credit card rates, while at the same time collecting highly sensitive personal data. The Financial Consumer Agency of Canada (FCAC) is warning Canadians to be cautious when giving out sensitive information over the phone or online. A major red flag is the fee charged for these interest rates; no legitimate institution would charge you for a low interest card.
Be Wary Of Interest Rate Offers
To set up the scam the fraudster calls or sends an email to a possible victim promising to secure them a credit card with an interest rate lower than they could get at a bank or financial institution. For their service they charge a fee. If the person falls victim they have lost out twice – first, by giving away sensitive information to a person who is going to use it for no good and secondly for paying a fee for a false service…
Aug 8 Update: One day left for a CIBC response to Aeroplan/TD, 4x MileagePlus miles with Avis, next Volia Hotel Rewards systemwide bonus
– RewardsCanada.ca
Another day of adding lots of new bonus offers! News, Tips & TricksI am starting to get a few phone calls from the media and other inquiries regarding the potential split of CIBC and Aeroplan as the deadline for CIBC to respond to the Aeroplan and TD agreement is tomorrow. While I don’t have a crystal ball as to what is going to happen I am going to wager a guess that the split will happen. CIBC is investing heavily in a new credit card product to come out later this year or early next year and would have to put up even more cash to match the Aeroplan/TD agreement. That is a lot of capital to outlay even though CIBC could afford it but why would they want to further dilute their credit card portfolio by keeping Aeroplan and adding a new card to the mix? That is unless the new card being planned replaced the current Aventura cards. Ultimately we will have to wait until tomorrow or even early next week to see what transpires unless one of our Aimia/Aeroplan contacts/readers wants to share the details sooner…
