There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
48% of Canadians aren’t taking steps to meet goals + MORE Dec 29th
TORONTO — A new report from CIBC says about half of Canadians aren’t taking sufficient steps to stay on top of their financial priorities in the coming year.
A poll conducted this month for the Toronto-based bank found that 48 per cent of respondents didn’t plan to cut back spending o.... More »
Four Marriott Hotels will open in Canada in the next month, small changes for the Platinum Card International Airline Program & redeem Mileage Plan miles for Air Tahiti Nui flights + MORE Jun 30th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the Scotiaank Gold American Express Card which you can earn up to 45,000 bonus Scene+ Rewards points in your first year wit.... More »
What you need to know about credit card, debit card 'holds' + MORE Mar 31st
Many places like, gas stations and restaurants use credit card 'holds' as part of the payment process. Here's what you need to know.... More »
Podcast Episode 79 - Converting the Air Canada Buddy Pass to Aeroplan Points & Plaza Premium Lounge set to leave Priority Pass & LoungeKey Apr 23rd
In this episode we bring you the latest news surrounding the unadvertised option to convert Air Canada Buddy Passes received from several Aeroplan co-brand credit cards to Aeroplan points (it's good news!). Then we move into the not so good news of one of the largest third.... More »
RWRDS Daily Update – September 18, 2023 + MORE Sep 18th
Five new Cobalt Multipliers in Ontario, Which will open first? Moxy Banff or Moxy Halifax? And a new Amex Offers statement credit for Harry Rosen. Check out today's points & miles updates here:
The post RWRDS Daily Update – September 18, 2023 appeared first on Rewards Canada..... More »
‘Benign’ outlook will allow Ottawa to balance budget with a few years: Moody’s
– canadianbusiness.com
NEW YORK, – Credit rating agency Moody’s Investor Service says Canada’s Aaa credit rating with a stable outlook reflect a large, diversified economy and sound macroeconomic policy management.
And Moody’s, in a report issued Thursday, said that political consensus on maintaining relatively low government debt levels, coupled with a benign economic outlook, should allow the federal government to balance its budget within the next few years.
“The Canadian economy is transitioning towards a external-demand growth model from a primarily domestic-demand one,” Moody’s said. “As it does so, the resource sector will become increasingly important.”
“Stronger demand from the U.S. will help the Canadian economy, given the large concentration of exports going to its neighbour as well as the strong financial linkages that exist between the two countries,” it added.
Meanwhile, the ratings agency said the main risks to the economy right now would have only a limited impact on Canada’s credit quality…
And Moody’s, in a report issued Thursday, said that political consensus on maintaining relatively low government debt levels, coupled with a benign economic outlook, should allow the federal government to balance its budget within the next few years.
“The Canadian economy is transitioning towards a external-demand growth model from a primarily domestic-demand one,” Moody’s said. “As it does so, the resource sector will become increasingly important.”
“Stronger demand from the U.S. will help the Canadian economy, given the large concentration of exports going to its neighbour as well as the strong financial linkages that exist between the two countries,” it added.
Meanwhile, the ratings agency said the main risks to the economy right now would have only a limited impact on Canada’s credit quality…
TransUnion: US homeowners increasingly prioritizing mortgage payments as home values rise
– canadianbusiness.com
LOS ANGELES, Calif. – The steady rise in U.S. home values is increasingly motivating homeowners to make paying their mortgage on time a priority, according to a new study.
Credit reporting agency TransUnion said Thursday that it examined late-payment rates between 2009 and 2012 on mortgages, credit cards and auto loans among consumers with the three types of financial obligations.
The study, which looked at payment data culled from about 20 million consumers a month, found that consumers were more likely to make timely payments on their auto loans ahead of credit cards and home loans.
But through last year, coinciding with a gradual increase in home values, the late-payment rate on mortgages nearly closed the gap with credit cards.
That suggests a return to behaviour before the housing bust, when financially distressed borrowers typically prioritized paying their mortgage ahead of credit cards, TransUnion said.
“With continued improvements in housing prices, it’s probable that by the end of 2013 we will see the majority of consumers paying their mortgages ahead of their credit cards,” said Steve Chaouki, a group vice-president in TransUnion’s financial services business unit…
Credit reporting agency TransUnion said Thursday that it examined late-payment rates between 2009 and 2012 on mortgages, credit cards and auto loans among consumers with the three types of financial obligations.
The study, which looked at payment data culled from about 20 million consumers a month, found that consumers were more likely to make timely payments on their auto loans ahead of credit cards and home loans.
But through last year, coinciding with a gradual increase in home values, the late-payment rate on mortgages nearly closed the gap with credit cards.
That suggests a return to behaviour before the housing bust, when financially distressed borrowers typically prioritized paying their mortgage ahead of credit cards, TransUnion said.
“With continued improvements in housing prices, it’s probable that by the end of 2013 we will see the majority of consumers paying their mortgages ahead of their credit cards,” said Steve Chaouki, a group vice-president in TransUnion’s financial services business unit…
Sep 19 Update: RC Blog Updated posts and 1,000 Bonus Points for your first Accor stay
– RewardsCanada.ca
Thursday has proven to be a little quiet on the loyalty front in part because we are working on a feature behind the scenes that will launch here on Rewards Canada tomorrow. So stay tuned! News, Tips & Tricks Yesterday we had Robb Engen from Boomer & Echo fame provide us with an updated post on Making the most of Canada’s Best Cash Back Credit Cards. Check it out here. Also updated yesterday was our Travel Hacking 101 post to reflect the changes made to a couple of American Express cards earlier this month. Now you can earn over 80,000 Aeroplan Miles or 60,000 Avios virtually for free. See the post here. In the bonus offers section check out the Le Club accorhotels first stay bonus, it is a nice bonus to take advantage of if you have not joined Accor Hotels’ loyalty program and believe you’ll have a stay at any of their hotels before the end of the year. Bonus Offers Air China Phoenix Miles- Triple Phoenix Miles Kilometers for stays of 2 or more nights at over 160 participating World Hotels Worldwide…
