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
Weekly rate report: Average card APR climbs to all-time record high of 17.07 percent + MORE Oct 11th
October 10, 2018: The average credit card interest rate smashed another record this week, climbing to 17.07 percent – an all-time high..... More »
Earning Stories: Completing the Wyndham Rewards Elite Status Match Challenge Jun 22nd
Back in the fall of 2018 Wyndham Rewards launched an elite status match offer to elite members of competing hotel chains. Earlier this year Rewards Canada's contributing road warrior Bill W decided to try the status match and it's accompanying challenge to keep that status. Seeing that Bill st.... More »
RWRDS Daily Update Sep 26: The Ultimate No Fee Cash Back Credit Card Portfolio + MORE Sep 27th
The Ultimate No Fee Cash Back Credit Card Portfolio, Earn 2x points at Hyatt Hotels in Europe, the Middle East, Africa & Asia & Load all your weekly shopping offers! Check out today's points & miles updates here:
The post RWRDS Daily Update Sep 26: The Ultimate No Fee Cash Back Credit.... More »
What to do about your debt after the interest rate hike + MORE Jan 18th
TORONTO — Many consumers will soon find their debt loads heavier now that Canada’s central bank and the country’s biggest commercial lenders have raised their benchmark rates by one-quarter percentage point.
The country’s biggest banks raised their prime rates after the Bank of C.... More »
Using a HELOC as an investment strategy: not as taboo as you might think + MORE Jul 25th
Ask MoneySense
I wish to leverage my HELOC to invest in dividend-paying investments. How would you advise I approach this? Is this an effective tax savings tool? Is there any financial institution or products you would advise?
—Martha
Borrowing from a home equity line of credit
You know,.... More »
Kids new targets of identity theft
– canoe.ca
In the duplicitous world of fraud, it could be called the “original SIN.” A parent applies for a social insurance number (SIN) for her child in order to open a Registered Retirement Savings Plan, but unless the number is protected, it can be used to create a completely new identity to apply for credit.
Apr 10 Update: Hilton HHonors 2014 Category Changes (they’re not bad!), Alaska raises redemption rates for travel on Delta, 14 new bonuses
– RewardsCanada.ca
Hilton HHonors announces their 2014 category changes and the Alaska Airlines-Delta war continues News, Tips & TricksWe’ve updated our “Which Credit Card earns the most Aeroplan Miles” Infographic and feature for 2014. Check it out!Hilton HHonors released their hotel category changes for 2014 and the changes are very mild when you compare them to their drastic devaluation last year! A total of 14 hotels are moving down in their redemption category (some even drop 2 categories!) while only 25 are moving up by one or two categories. These hotels account for less than 1% of the Hilton portfolio and none of them are in Canada. The changes take place on April 15 but you can see them all on Hilton’s site here.Alaska Airlines will be raising the amount of miles required for Mileage Plan award flights on Delta Airlines. The new amounts take effect on May 6. The majority of redemption options from domestic to international travel are going up. This is just the latest development in the big fight going on for Seattle between these two airlines…The Heartbleed Bug: Should Online Banking Customers Worry?
– ratesupermarket.ca
You’ve likely seen the headlines regarding the Heartbleed Bug, an Internet security issue that targets private information shared over the web.
The bug makes vulnerable a version of Open Secure Socket Layer technology, a very common method used by an estimated two thirds of websites to protect users’ personal info such as passwords and transactional data.
How Does Heartbleed Work?
The discovery was made by a team from Internet security company Codenomicon. From their blog:
“The Heartbleed bug allows anyone on the Internet to read the memory of the systems protected by the vulnerable versions of the OpenSSL software. This compromises the secret keys used to identify the service providers and to encrypt the traffic, the names and passwords of the users and the actual content. This allows attackers to eavesdrop on communications, steal data directly from the services and users and to impersonate services and users.”
If you’ve ever submitted your credit card details or a password online, you’ve likely noticed a small lock icon appear in your browser bar and “HTTPS” preceding the web address…
Researchers have observed hacking groups conducting automated scans of the internet in search of web servers vulnerable to the theft of passwords, confidential communications and credit card numbers, due to the Heartbleed bug.
Which Credit Card Earns the Most Aeroplan Miles? The 2014 Update!
– RewardsCanada.ca
Quite possibly the most popular post on the Rewards Canada blog is from April 2012 and that post is titled Which Credit Card Earns the Most Aeroplan Miles? which included our very first Infographic. As we all know at the start of this year there was a major shake up with Aeroplan credit cards as TD took over as the primary issuer of Aeroplan co-branded credit cards. This of course meant that we needed to update our infographic, which we have done below as well as taking the liberty of expanding it to include the sign up bonuses for all the cards.This Infographic pulls data from the full Rewards Canada feature with 10 different spending scenarios which can be found here.I hope you enjoy this updated chart and as always feel free to leave your comments below.Now as we state in the graphic, those are the ‘standard’ sign up bonuses for these cards but you can actually get higher sign up bonuses for several of the American Express cards via the ‘refer-a-friend’ option and those cards and bonuses are as follows:The Platinum Card from American Express: 60,000 Aeroplan Miles (awarded as Membership Rewards points) when you charge $1,000 in purchases to your Card in your first 3 months of CardmembershipAmerican Express AeroplanPlus Platinum Card: 51,000 Aeroplan Miles(Earn 25,000 miles upon first use of an approved Card and earn an additional 26,000 miles when you make $1,000 in purchases in the first three months of Cardmembership)American Express AeroplanPlus Gold Card: 30,000 Aeroplan Miles (when you charge $500 in purchases to your Card in the first three months of Cardmembership)You can find more spending scenarios on our site here…
