How to go about securing the best rate and plan for your credit card in Canada.
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Canada’s best credit cards for online shopping 2023 Jan 10th
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Best credit cards in Canada for online shopping 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.
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Poll: Lending out your credit card often leads to disaster + MORE Mar 6th
Nearly half of Americans who have owned credit cards lent them out to other people. For a third of them, it didn't end well.... More »
The best GIC rates in Canada for 2025 Oct 20th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
A sleeping giant: The Scotiabank Platinum American Express Card + MORE Jul 29th
There is one Ultra Premium credit card that just can't seem to stay in the spotlight, even with it having some significant changes at start of July, the card just seems to quickly fall into the shadows. That card is the Scotiabank Platinum American Express card. A sleeping giant in our market, the c.... More »
New 40,000 point welcome bonus and no fee in the first year for the HSBC World Elite Mastercard + MORE Jan 21st
Earlier this week HSBC's revealed a new offer for their HSBC World Elite Mastercard that is better than the standard welcome offer we've seen since late December but by no means does it come close to the 100K offer they ran for the last four months of 2020. The new offer provides up to 40,000 .... More »
Canadian Tire Bank Branch To Expand With New Partner
– ratesupermarket.ca
You may have noticed recent headlines about Canadian Tire, your go-to hardware and home store, being on the hunt for a partner in the banking sector. the retail giant wants a credit card partner to share the wealth, and the risk, of its rapidly growing financial arm, which it says makes up $4 billion of its portfolio – more than eight per cent of its total revenue. Now, Canadian Tire wants to cut its vulnerability and find a financial partner.
“As a result of that work, we are now well-positioned to explore an arrangement that would allow us to increase our financial flexibility while continuing to enjoy the substantial contributions of our financial services business,” Chief Executive Stephen Wetmore said in a statement
Canadian Tire And The Bank Business
The Canadian Tire Financial services story starts in 1961, when it was called Midland Shoppers Credit limited. The company processed credit transaction for local retailers. Eventually, Canadian Tire bought them in 1968 and, in 1995, launched their own Mastercard…
5x Aeroplan Miles on all eSTORE purchases until August 18th
– RewardsCanada.ca
As a quick update to our Back to School shopping post earlier in the week, the Aeroplan eSTORE is running a very short promotion that comes just in time for Back to School Shopping. For all purchases made via the eSTORE until August 18th, Aeroplan member will earn 5x the Aeroplan Miles. No registration is required, simply shop online at the eSTORE!Your Best Options For Travel Rewards Credit Cards
– ratesupermarket.ca
Two credit card giants are battling for the right to carry Aeroplan rewards miles – but it’s current cardholders who are left waiting in the wings. Previously this summer, Aeroplan owner Aimia Inc. announced a new deal with TD, pending the expiry of their current credit card partnership with CIBC this December. It’s a move that would knock CIBC out as the leading provider of Aeroplan rewards – which it has been for decades – and the lender is not stepping back without a fight.
An Uncertain Future For Travel Rewards Customers
CIBC was given until this past Friday, August 9, to match Aimia’s new deal with TD, which includes paying 15 per cent more per mile and an upfront payment of $100 million to retain the partnership. However, CIBC is calling foul, stating on the deadline that these terms are invalid as Aimia had disregarded their right to first refusal under the current contract.
Currently, the two banks and rewards provider are trying to hash it out – according to a statement released by CIBC, the lender is looking to sell 50 per cent of their Aerogold portfolio, made up mainly of stand-alone credit card consumers, to TD…
