The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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The Best Gas Rewards Credit Cards of 2019 + MORE Dec 12th
Let’s say your biggest monthly expense is gas; it’s a reality for a lot of people who maybe travel a lot for work or have a long daily commute. Or maybe you and the family go on a lot of road trips, or you just like long drives down country roads to “get away from it all.” No matter the cas.... More »
What Canadians want from their rewards programs—and how to actually get it Nov 14th
November is Financial Literacy Month, and the perfect time for Canadians to take stock of how well their money is working for them. Credit card rewards programs play a big role in that picture, helping many Canadians get more value from their everyday spending. According to a new Angus Reid survey c.... More »
RWRDS Daily Update – August 15, 2024: Enter to win a 7 night all inclusive vacation + 100,000 Aeroplan points + MORE Aug 15th
Win a 7 night all inclusive vacation + 100,000 Aeroplan points from Air Canada Vacations & load your weekly shopping offers. Check out today's points & miles updates here:
The post RWRDS Daily Update – August 15, 2024: Enter to win a 7 night all inclusive vacation + 100,000 Aeroplan po.... More »
World’s central bankers pursue sometimes conflicting policies as economic prospects diverge + MORE Aug 22nd
WASHINGTON – The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren’t exactly in sync. Many are taking steps that clash with the policies of others.
The Federal Reserve is preparing to reduce its economic support. By contrast, the European Central.... More »
Receive up to a 30% discount when you buy or gift Aeroplan points + MORE Dec 2nd
Air Canada Aeroplan has another offer for buying their points out for this month. Instead of bonus points this time we see a discount on the purchase price. The discount is tiered and maxes out at 30%. If you buy points with the 30% you are buying them at 2.45 cents each. That’s a pretty [R.... More »
Aimia reports first-quarter loss of $16.3M; ups quarterly dividend 5.9%
– canadianbusiness.com
MONTREAL – Travel rewards company Aimia Inc. (TSX:AIM) is increasing its dividend almost six per cent despite swinging to a loss in the first quarter on revenue that was relatively flat year over year.
Aimia, which owns and operates the Aeroplan rewards program in Canada and operates or has stakes in other such programs around the world, reported after markets closed Tuesday that it had a net loss of $16.3 million or 13 cents per share in the quarter.
That was a reversal of its results a year ago when it posted a first-quarter profit of $45.7 million or 22 cents per share.
Total revenue for the three months ended March 31 slumped slightly to $608.9 million from $609.5 million in the same 2013 period.
Despite the net loss, Aimia reported higher gross billings and an increase in adjusted earnings and said it was increasing its quarterly dividend a penny, or 5.9 per cent, to 18 cents per share “in line with annual policy.”
Adjusted net earnings were 48 cents, up from 27 cents a year ago and well above analyst expectations of 34 cents, according to a survey by Thomson Reuters…
Aimia, which owns and operates the Aeroplan rewards program in Canada and operates or has stakes in other such programs around the world, reported after markets closed Tuesday that it had a net loss of $16.3 million or 13 cents per share in the quarter.
That was a reversal of its results a year ago when it posted a first-quarter profit of $45.7 million or 22 cents per share.
Total revenue for the three months ended March 31 slumped slightly to $608.9 million from $609.5 million in the same 2013 period.
Despite the net loss, Aimia reported higher gross billings and an increase in adjusted earnings and said it was increasing its quarterly dividend a penny, or 5.9 per cent, to 18 cents per share “in line with annual policy.”
Adjusted net earnings were 48 cents, up from 27 cents a year ago and well above analyst expectations of 34 cents, according to a survey by Thomson Reuters…
New Rules in Place for Prepaid Credit Cards
– ratesupermarket.ca
Prepaid credit cards offer a no-hassle way to make purchases. Simply preload funds and start spending immediately – no credit check required – but convenience has its cost. Prepaid cards often come with hidden fees that can drain your card’s balance. To address this, the Department of Finance has introduced new regulations on prepaid credit cards to better protect consumers.
The New Rules for Prepaid Credit Cards
Here is an overview of the new consumer-friendly rules for prepaid credit cards:
a ban on maintenance fees for the card for at least one year after the card is activated
a ban on assigning an expiry date to prepaid cards
a requirement that federally regulated financial institutions disclose a list of all the fees associated with the card in an information box that is printed in a visible location on the card’s packaging
a requirement that all other key information be given to the consumer before the card is issued in a manner that is “clear, simple and not misleading”
Types of Prepaid Cards
Not all prepaid credit cards are created equal, and there are two main variations: promotional and non-promotional…
