All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
The real costs of buying a car + MORE Mar 29th
The thrill of driving a new car off a dealer’s lot is appealing, but experts warn not to let the new car smell go to your head when it comes to borrowing money to make it happen.
Mark Kalinowski, a credit counsellor and financial educator at the Credit Counselling Society, says you need to know.... More »
Podcast Episode 108: The Best Travel Rewards Credit Cards for 2024 Jan 10th
Rewards Canada is pleased to present the best Travel Rewards Credit Cards in Canada for 2024! If you are in the market for a new travel rewards credit card look no further than our rankings! Listen to the podcast here: Watch the podcast here: Topics of discussion: Canada’s Top Travel Rewards C.... More »
Survey: Average card APR remains near record high + MORE May 5th
May 4, 2016: Average rates on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report..... More »
Credit card on/off switches: More card issuers adding them Feb 19th
The digital switches give cardholders greater control over their accounts and can help reduce card fraud..... More »
Last day to book Fairmont's Stay Close Offer - Every 2nd night free plus earn double points & elite status credit + MORE Mar 16th
TODAY IS THE LAST DAY TO BOOK THIS OFFER FOR STAYS UNTIL JUNE 30 For nearly nine months now we've provided an abundance of coverage on Fairmont Hotels' Stay Close offer. It has been one of the best hotel promotions to emerge during the pandemic and this is a reminder that there are only two we.... More »
Gail Vaz-Oxlade Credit Free Fridays To Help Consumers Tackle Debt
– ratesupermarket.ca
From the world of public health came Meatless Mondays. Instagram brought us Throwback Thursdays. Now from the Canadian Federation of Independent Business (CFIB) and Canadian financial guru and author Gail Vaz-Oxlade comes Credit Free Fridays.
Here’s how it works: Canadians put away their credit cards on Fridays, choosing to pay with cash or debit instead. The small action gives small businesses a break, plus it encourages Canadian to spend smartly. The initiative was launched on November 8 at Wanda’s Pie in the Sky, a bakery in Toronto’s Kensington Market.
How Credit Cards Impact Small Business
The impact of using credit is mainly considered a consumer issue. However, it’s a little-known fact that businesses are charged high fees by credit card companies and banks for accepting credit cards as forms of payment. For small businesses, the charges can be particularly difficult to manage.
“Small businesses are finding it increasingly challenging to absorb the high fees they are charged by the credit card companies and banks,” said Dan Kelly, CFIB president, in a press release…
