All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
How to set up CRA direct deposit + MORE May 16th
Have you ever had to wait for a held-up payment from the government or the Canada Revenue Agency (CRA)? Labour strikes, severe weather, stat holidays and other factors can delay mail delivery by days or even weeks. At best, it’s inconvenient; at worst, it’s stressful for cash-strapped Canadians .... More »
RWRDS Daily Update – January 31, 2024 Jan 31st
Clash of the Credit Cards! BMO eclipse rise Visa Card vs Tangerine Money-Back Credit Card, No Canadian Flying Blue Promo Rewards for February and earn 1,000 Etihad Guest Miles + World of Hyatt points on Hyatt stays. Check out today's points & miles updates here:
The post RWRDS Daily Update – .... More »
Earn 500 Bonus Aeroplan Miles on all Best Western stays until April 30 + MORE Jan 8th
We have been without an Aeroplan Best Western bonus offer for a whopping 22 days! Normally when one offer ends another starts up right away but this time it looks like the promotion department took some time off for the holiday season!. This offer is exactly the same as the fall 2019 offer of 500 bo.... More »
Portugal PM: Protective line of credit not needed as bailout oversight set to end May 4th
LISBON, Portugal – Portugal will not seek a protective line of credit after its government fulfils requirements imposed by foreign bailout creditors as part of a 78 billion euro ($107 billion) rescue package, its prime minister said Sunday.
Pedro Passos Coelho’s government is due to rega.... More »
Poll: Charging cheap items is cool with cardholders Apr 10th
We pay by credit cards for most big buys, and more small ones than ever.... More »
Switching Your Credit Card? Consider These Top 5 Travel Credit Cards
– ratesupermarket.ca
Are you an avid collector of travel rewards credit card points? If so, you could benefit from an impending market shakeup and onslaught of new earning options. As CIBC and TD continue their negotiations over the popular Aeroplan program, other lenders are stepping up to the plate with sweetened travel reward options, hoping to entice consumers currently caught between the big banks.
While any consumer would be frustrated by the circumstances, the situation does present a silver lining – the opportunity to reevaluate their rewards and switch to their best option. And, with so many great options offered by lenders, there’s never been a better time to trade in a card that’s slow to earn and hard to redeem.
Penelope’s Picks for the Best Travel Credit Cards for Consumers Who Want No Limits
While Canadians are big fans of earning points on their spending habits, travel-specific rewards have garnered a bit of a bad rap in the past – and no wonder! We’ve all heard horror stories about very restrictive reward redemption, flight blackout periods and unhelpful customer service…
Aug 29 Update: AAdvantage MileSAAver award sale to Hawaii, Etihad Labour Day sale from Toronto, Voila Status Match
– RewardsCanada.ca
This is the last day of updates until Sep 3 as we are taking an extending Labour Day long weekend. News, Tips & TricksAmerican Airlines has launched an award sale on their flights to Hawaii and this includes departures from their Canadian gateways. While not a huge discount, the 5,000 miles in savings is better than nothing. Unless you are a big time AA or oneworld flyer credting AAdvantage,hHere in Canada the best way to take advantage of this offer is via one of the numerous credit cards that can transfer points into AAdvantage such as the Starwood Preferred Guest Credit Card from American Express, RBC Visa Infnite or Platinum Avion card, Diners Club Club Rewards MasterCard, Marriott Rewards Premier Visa or any number of the other hotel cards available:Save 5,000 AAdvantage Miles when you book a reduced MileSAAver Off-peak Economy Class award for only 15,000 miles each way when flying between the contiguous U.S. or Canada and Hawaii on American Airlines. These awards normally run 17,500 miles each way…The Not-So-Golden Years: Credit Card Debt Rises Among Seniors
– ratesupermarket.ca
Retirement is meant to be a time to relax and enjoy the financial fruits of long years of labour – but there’s growing concern that older consumers are relying more heavily on debt in order to make ends meet, according to a new report from credit-monitoring firm Equifax Capital.
According to the report, Canadian consumer debt rose 6.1 per cent to $77 billion in the second quarter of 2013. This is mainly due to an 8.6 per cent increase in auto loan balances and a 7.4 per cent increase in outstanding mortgage debt.
“The increased demand for credit outside of mortgages is positive for the economy in the short-term, but could limit the ability of over-extended consumers to react to any financial bumps in the road in the future,” says Cristian deRitis, senior director of Consumer Credit Economics at Moody’s Analytics.
Seniors Debt Accumulation Outpacing Younger Generations
But it’s the slow creep of debt among the 65-plus crowd that is the most troubling stat from the report…
