CIBC to roll out mobile wallet on Telus devices next + MORE Feb 4th

American Airlines is offering another up to 30% bonus on buying their AAdvantage Miles however they have sweetened the pot if you jump on the offer by February 6th by providing a 10% discount on your miles purchase. This means if you max out your purchase at 60,000 AAdvantage Miles (78,000 with the bonus) you’ll be buying those miles at 1.98 cents a piece. Usually when a buy miles offer comes in under 2 cents per mile it is worth taking AAdvantage of! Though this is not as low as the US Airways Dividend Miles buy miles offers (approx 1.8 cents per mile) the current offer from the US Airways camp is only for US Airways credit card holders so this AA buy miles offer is definitely worth considering.Here is the offer as it appears on our AAdvantage Bonus Miles page:Earn up to 18,000 AAdvantage Miles when you buy or gift AAdvantage Miles. Full Details Until Feb 28, 14 (Receive an additional 10% off if you buy by Feb 6)- purchase between 20,000 and 29,000 AAdvantage miles to earn 5,000 bonus miles- purchase between 30,000 and 39,000 AAdvantage miles to earn 8,250 bonus miles…

MONTREAL – Major bank CIBC has partnered with a second major wireless carrier to give more customers the ability to make payments with their smartphones.
CIBC (TSX:CM) and Telus (TSX:T) announced on Tuesday the launch of a mobile payment app for certain models of smartphones that run on the Telus network for credit card purchases such as gas or groceries, to a limit of $50.
CIBC partnered with Rogers (TSX:RCI) in late 2012 to offer the bank’s credit card holders mobile payments with smartphones at “tap and pay” terminals across the country.
“In the next two years, by and large, you will have every bank and every major telco providing the service to clients,” said Todd Roberts, senior vice-president of payments strategy and innovation at CIBC.
“When this becomes ubiquitous, just like ATMs, like telephone banking, we will treat this as an everyday part of our lives,” Roberts said from Toronto.
For mobile payments to become widespread, smartphones need to be enabled with the technology that enables credit card purchases and also brings all wireless carriers on board…

Chances are that you consider your home your biggest, most valuable asset. One of the reasons that a home is considered an asset is due to the fact that you can borrow against the equity you have built up in your home. A home equity line of credit offers this opportunity.
A Quick Look at Equity
Equity is the amount of ownership you have built up in your home. When you buy a home with a mortgage, the bank essentially owns the home. You had to use the bank’s money to make the purchase, so if you miss payments, the bank can foreclose.
However, as you pay off the loan, you build ownership in it. Say you bought a home for $200,000. You put a 20 per cent down payment on the house, so you ended up borrowing $160,000. Over time, you have been making your payments, and you have paid off another $30,000, so that now you owe $130,000 on the home. If the home is still worth $200,000, you have $70,000 equity in the house.
If the home has appreciated in value, you have even more equity, since your equity is based on the value of your home…

Here is the daily roundup for Tuesday! News, Tips & TricksAmerican Express is offering limited time increased sign bonuses for their AIR MILES and AIR MILES Platinum Cards of 500 and 1,000 Rewards Miles respectively. The Platinum offer is decent but not as high as the 1,200 seen last year when the card went through a small revamp but the 500 for the basic card is big jump from the standard 150 miles usually offered. Here are the details on the cards:The American Express® AIR MILES®* Platinum Credit Card• Earn a Bonus of 1,000 AIR MILES® reward miles when you charge a total of $500 in purchases to your Card within your first three months of Cardmemberhsip• Enjoy your first year free• Earn 1 reward mile for every $10 in Card purchases at AIR MILES®* Sponsors• Earn 1 reward mile for every $10 in Card purchases at other eligible grocery stores, gas stations, and drugstores in Canada• Plus, earn 1 reward mile for every $15 in Card purchases everywhere else• Shop at participating AIR MILES Sponsors across Canada with your Card and show your AIR MILES®* Collector Card, and you can earn reward miles twice • More than 1000 rewards to choose from! Redeem for a wide range of rewards – everything from movie tickets to electronics, travel and more• American Express is not responsible for maintaining or monitoring the accuracy of information on this website…