How minimum payments are applied to small balances + MORE Jun 26th

Not sure if its because school is ending and summer vacation is coming about but this week has been really quiet for travel rewards outside of bonus offers of course! News, Tips & Tricks Today we posted another article in our series of features in helping Canadian’s pick the right rewards credit card. This article covers the very first steps in picking a card and somewhat holds true for loyalty programs in general. Read more here. Travel Deals Hyatt Summer Sale – Save between 20 and 30% on multiple night stays in the Americas depending on the location. The offer is good for stays until September 4th, 2014 and as usual with sales like these are fully prepaid and non-refundable so only book if you know you can make your stay! Full details and online booking can be found here Bonus Offers Aeroflot Bonus- Double Bonus Miles for stays at participating Rixos hotels on the Aegean coast. More… Until Sep 30, 14Best Western Rewards- 1,000 Bonus Rewards points for stays on the “Seurat op de Veluwe” package at the BEST WESTERN Hotel Gieling…

Don’t slip up and forget a credit card bill when the balance is almost paid off. A late fee could be larger than your minimum payment

Calling all jetsetters – looking for some of the most competitive travel perks? Turns out, one of the market’s largest sign up bonuses and comprehensive roundup of perks comes not from a travel rewards credit card – but a charge card.

The American Express Gold Rewards Charge Card boasts the chance to fly long-haul with its 25,000-first purchase bonus. It also offers great travel insurance coverage and premium security features such as purchase protection and buyer’s assistance. As well, being an American Express offering, cardholders will have access to their Entertainment Access features suite, including Front of the Line and Reserved Seating perks.
Click here to learn more about this card>
However, charge cards are not for everyone. They require serious discipline and the ability to pay the balance in full each month – misuse can lead to a deep debt trap. Read on to see if this card is a good fit for your wallet.
How Is a Charge Card Different From a Credit Card?
While charge cards are similar in many ways to their credit counterparts, the glaring difference is how debt is accrued; a regular credit card allows users to carry their balances forward indefinitely, known as revolving debt…

Whether you’re new to the whole travel rewards or loyalty program world or have been playing the points-chasing game for years, when it comes to getting a card that has a loyalty program attached to it, there are some fundamental steps you should follow. After reading through these four steps, be sure to consult our “Guide to choosing a travel rewards credit card” for tables and tools to further help the selection process. What are your spending habits?Do you currently or do you plan to spend very little on cards or do you put every possible purchase on your card? Do you run a business and put tens of thousands of dollars on your card each month? Do you eat out a lot? Do you have high grocery, drug store and gasoline purchases?  These and other questions will help determine which card to choose. A low spender will want to look at a card typically with a lower or no annual fee, while mid to high level spenders will want to look at a card with an annual fee as they could earn many more points than what the annual fee costs (not including the benefits that come with those higher end cards) A low spender may go for an annual fee card but one where you don’t need a lot of points to start redeeming, some programs like American Express’ TripFlex rewards feature of the Membership Rewards program only requires 1,000 points or as little as $500 in spending* to be able to redeem…