All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Rolling in the Debt: Canada sees a rise in Household Debt Mar 19th
While the value of Canadian homes has decreased for the first time many years, the same cannot be said for Canadian debt levels. This past week, Statistics Canada released its National balance sheet and financial flow accounts looking at the last quarter of 2018, and it shows that the amount Canadi.... More »
The best GIC rates in Canada for 2025 Dec 22nd
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 »
The best credit card in Canada doesn't just beat the competition - it destroys them now + MORE Jun 3rd
With this week's multiple news events from American Express we got to say that the issuer is attacking the Canadian credit card market from all angles again. If any card company has it in them to make cards more rewarding it's American Express and they showed it by flexing their muscles this week. W.... More »
Clash of the Credit Cards! BMO eclipse Visa Infinite* Card vs. HSBC World Elite® Mastercard® + MORE Jan 28th
It's time for another Rewards Canada Clash! This time in our Clash of the Credit Cards we see BMO's relative newcomer take on HSBC's flagship card! Those cards are the BMO eclipse Visa Infinite* Card and the HSBC World Elite® Mastercard®In this match up we look at over half a dozen criteria to com.... More »
What to do with a monetary advance on your inheritance + MORE May 28th
Q. My amazing parents are downsizing and have decided to gift my husband and me $200,000. It’s nice for us but leaves me with a lot of questions. My husband and I are 37 years old and have been happily married for 15 years. We have no credit card debt, and just $12,000 on a credit line we used for.... More »
Asia stocks drift ahead of Shanghai free trade zone details; Japan falls on inflation
– canadianbusiness.com
HONG KONG – Asian stocks drifted on Friday, with markets in China edging slightly higher as investors stayed cautious ahead of a major holiday and details from the highly anticipated unveiling of a free trade zone in Shanghai. Stocks in Tokyo slid after Japan’s inflation spiked.
Hong Kong’s Hang Seng Index rose 0.1 per cent to 23,149.75 while in mainland China, the Shanghai Composite Index advanced 0.1 per cent to 2,158.51.
Markets in China were subdued ahead of the launch Sunday of a pilot free trade zone in Shanghai.
“In China, investors and businessmen are awaiting the details of the Shanghai Free Trade Zone,” Frances Cheung, a strategist at Credit Agricole CIB, wrote in a research note.
China’s leaders have already loosened restrictions on foreign investment in the 29-square-kilometre (11.2-square-mile) zone. Further details are expected when the zone is inaugurated.
Cheung predicted that authorities would relax taxes, trade quotas and administrative red tape in the zone…
Hong Kong’s Hang Seng Index rose 0.1 per cent to 23,149.75 while in mainland China, the Shanghai Composite Index advanced 0.1 per cent to 2,158.51.
Markets in China were subdued ahead of the launch Sunday of a pilot free trade zone in Shanghai.
“In China, investors and businessmen are awaiting the details of the Shanghai Free Trade Zone,” Frances Cheung, a strategist at Credit Agricole CIB, wrote in a research note.
China’s leaders have already loosened restrictions on foreign investment in the 29-square-kilometre (11.2-square-mile) zone. Further details are expected when the zone is inaugurated.
Cheung predicted that authorities would relax taxes, trade quotas and administrative red tape in the zone…
Sep 26 Update: Le Club accorhotels enhances elite benefits, 20,000 free Etihad Guest miles, Statement Credit for TrueEarnings Card
– RewardsCanada.ca
Have you voted for your favourite travel rewards credit card yet? If not do so at rewardscanada.ca/vote News, Tips & TricksAccor Hotels is enhancing some of the benefits for the elite status levels of its Le Club program. The changes take effect on Oct 10 and include complimentary internet access, late check out/early check in, welcome drink, and lounge access. The benefits afforded depend on your status level. See this list for details: I received an email from Air Miles which offered a 10x Air Miles Rewards Miles coupon for shopping at Rona this week however when I clicked through to get the coupon it only comes up as 5x the miles. Still better than nothing I guess. Here is a link to the coupon if anyone is shopping at Rona until Oct 1. The $10 Statement Credit for the TrueEarnings Card from Costco and American Express is back • You can earn a $10 Statement Credit with the TrueEarnings Card. Apply by October 6th 2013. • You can earn cash back when you use your TrueEarnings® Card inside and outside of Costco…Canadians Are Willing To Go Into Debt For Vacation: BMO
– ratesupermarket.ca
A majority of Canadians are looking to travel this fall – and they’re willing to go into debt while they’re at it. A survey conducted online by Pollara for BMO Bank of Montreal found an astounding 77 per cent of Canadians plan to take vacation in the next three months and 64 per cent will be using a credit card to pay for it. As well, 43 per cent more people plan to travel compared to the same time last year.
Travelers are also willing to pay top dollar for the luxury. Those traveling in Canada expect to spend on average $2,563 and those traveling out of the country are prepared to spend a thousand dollars more. With Canadians still in record amounts of debt, it’s worrying that so many are planing to spend so much on entertainment.
When it comes to holidays there are some general rules we should always follow regardless of our financial situation. These will help us stay on budget and save some money when we do travel.
The Four Per Cent Rule
Even if we have the money in the bank, spending large amounts of cash on your holiday can undermine your financial goals…
mbna Alaska Airlines MasterCard Review
– RewardsCanada.ca
Below you will find the complete review of the card as seen on the main Rewards Canada site. A little known card to the general public in Canada but well known in frequent flyer circles, the MBNA Alaska Airlines MasterCard is a strong card due to Alaska’s Mileage Plan program being one of the better frequent flyer programs in North America. You may say however that this card is only for those in Alberta and British Columbia as those are the only provinces Alaska Airlines serves but with the great depth of airline partners in the Mileage Plan program this card can actually work for most Canadians. OverviewThe MBNA Alaska Airlines MasterCard has been on the Canadian market for quite some time but for the past couple of years it really declined in popularity since MBNA (or their parent company TD) took it off their general public website and you had to phone in to apply for the card or apply via Alaska Airlines. Now the card is back and being promoted once again by MBNA…
