How to go about securing the best rate and plan for your credit card in Canada.
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As Alibaba goes public in biggest IPO in history, 10 things to know + MORE Sep 20th
NEW YORK, N.Y. – China’s e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history:
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.... More »
Swipe fee settlement: Visa, MasterCard agree to pay merchants $6.2B + MORE Sep 18th
Visa and Mastercard have agreed to pay merchants up to $6.2 billion to settle a years-long lawsuit over swipe fees. A similar agreement was rejected by a federal court in 2016..... More »
August 30 Update: Aeroplan eStore adds more retailers, less than a week left on our exclusive TD Aeroplan Infinite offer and more! + MORE Aug 30th
A quiet first couple of days this week on Rewards Canada, probably got to do with back to school and the summer vacation season coming to end. I see a major onslaught of posts, offers, news and more coming after the Labour Day holiday! News, Tips & Tricks Doing some last minute Back to Schoo.... More »
February 25 Update: Wyndham Rewards Stay Twice Earn A Free Night offer, 99% of retailers in the U.S. accept Amex now & 15 new bonus offers + MORE Feb 26th
Wyndham Rewards has released their first systemwide promotion of 2020. The offer is being promoted as a stay twice earn a free night promotion. In reality they are offering bonus points that will net you enough points to redeem for that free night. The bonus is 5,500 points after two stays and w.... More »
December 3 Update: Rewards Canada Podcast on Stitcher, Aer Lingus Cyber Sale extended & save 750 points on Coast Hotels Free Night Rewards + MORE Dec 3rd
We continue to expand the service providers that you can listen to the Rewards Canada Podcast on! As of last night we are now on Stitcher. Here's the direct link to our podcast on Stitcher or just search for 'Rewards Canada' on the Stitcher!You'll now find the MBNA True line Mastercard on our MBNA .... More »
Consumer Financial Protection Bureau sues debt collection firm for mass-produced law suits
– canadianbusiness.com
WASHINGTON – The Consumer Financial Protection Bureau sued a major debt collection law firm on Monday, alleging it is a “mill” that produces shoddy, mass-produced credit-card collection lawsuits.
The bureau’s claim, filed in federal court in Atlanta, states that Frederick J. Hanna & Associates has filed hundreds of thousands of lawsuits on behalf of banks including JPMorgan Chase, Bank of America, Capital One and Discover without doing even basic checks to determine whether the people they sued actually owed debts.
“The Hanna firm relies on deception and faulty evidence to drag consumers to court and collect millions,” the bureau’s director, Richard Cordray, said in a statement. “We believe they are taking advantage of consumers’ lack of legal expertise to intimidate them into paying debts they may not even owe.”
Though Hanna & Associates’ lawsuits have all the trappings of formal litigation, the bureau alleges, the firm is really a bulk debt-collection agency masquerading as a law firm…
The bureau’s claim, filed in federal court in Atlanta, states that Frederick J. Hanna & Associates has filed hundreds of thousands of lawsuits on behalf of banks including JPMorgan Chase, Bank of America, Capital One and Discover without doing even basic checks to determine whether the people they sued actually owed debts.
“The Hanna firm relies on deception and faulty evidence to drag consumers to court and collect millions,” the bureau’s director, Richard Cordray, said in a statement. “We believe they are taking advantage of consumers’ lack of legal expertise to intimidate them into paying debts they may not even owe.”
Though Hanna & Associates’ lawsuits have all the trappings of formal litigation, the bureau alleges, the firm is really a bulk debt-collection agency masquerading as a law firm…
July 14 Update: Foreign Currency Transaction fees, Pointshound adds Virgin Atlantic, up to 3x Aeroplan Miles for Coast Hotel stays
– RewardsCanada.ca
Welcome to another week here on Rewards Canada! News, Tips & Tricks If you missed it only a short time ago, we let you know via the blog that we have now completed the foreign currency transaction fee row on our primary credit card comparison chart. Find out more here. It appears that Air Canada’s new Toronto-Tokyo Haneda route is taking a bite out of the Toronto-Tokyo Narita route as the latter is going to be cancelled for the winter season between October and March. (Source Airlineroute.net) You may also be one of the lucky ones if you are flying Air Canada between Toronto and Montreal over the next few weeks as they plan on flying their new 787 Dreamliner on the route between July 17 and August 5. (Source Airlineroute.net) Pointshound, the third party hotel booking site that awards miles in various programs for booking hotels has now added Virgin Atlantic Flying Club to their roster. See more at Pointshound Bonus OffersAir Canada Aeroplan- Earn up to Triple Aeroplan Miles for stays at participating Coast Hotels in Canada and the U…Are Canadians having a Summer Banking Fling?
– ratesupermarket.ca
RateSupermarket.ca launches new tool that will help assess credit card needs
In the fickle world of personal finance, loyalty doesn’t always pay off. Today, RateSupermarket.ca launches a new calculator tool that will help Canadians assess their current credit card needs and provide recommendations on whether they should break-up or cheat on their bank.
“We’re often sold on the idea that keeping all of our products with one bank will pay off in terms of lower fees and better rates,” says Kelvin Mangaroo, president, RateSupermarket.ca. “But with credit card providers making unique and compelling offers, you might be able to get a better deal with another lender whose card is more aligned with your shopping needs.”
With so many products available in the marketplace, consumers should be actively seeking a card that fits within their lifestyle and spending profile. In fact, RateSupermarket.ca estimates that holding the wrong credit card could cost the average Canadian up to $1000 per year…
In the fickle world of personal finance, loyalty doesn’t always pay off. Today, RateSupermarket.ca launches a new calculator tool that will help Canadians assess their current credit card needs and provide recommendations on whether they should break-up or cheat on their bank.
“We’re often sold on the idea that keeping all of our products with one bank will pay off in terms of lower fees and better rates,” says Kelvin Mangaroo, president, RateSupermarket.ca. “But with credit card providers making unique and compelling offers, you might be able to get a better deal with another lender whose card is more aligned with your shopping needs.”
With so many products available in the marketplace, consumers should be actively seeking a card that fits within their lifestyle and spending profile. In fact, RateSupermarket.ca estimates that holding the wrong credit card could cost the average Canadian up to $1000 per year…
Foreign Currency Exchange Fee now on the Rewards Canada Credit Card Comparison Charts
– RewardsCanada.ca
We are pleased to announce (finally) that the Foreign Currency Exchange Fee on Canadian Travel Rewards Cards has been added to our comparison chart that compares all of the cards in one chart. The fees will also be added soon to remainder of our charts that break down the cards into select categories.You can find that chart here:Canadian Travel Credit Card Comparison: All Travel Rewards Credit Cards We have discussed foreign transaction fees quite often on Rewards Canada and in the media so if you follow us you’ll know that there are only a select few cards in Canada (all from Chase) that offer no foreign exchange fee such as the Chase Marriott Rewards Premier Visa. In general however the going rate on most of the cards is 2.5% that is charged by the credit card company over and above the exchange rate. There are two banks that offer a slightly lower rate at 2%, Vancity and Citizens Bank while Alberta Treasury Branches (ATB) tops the list as the highest rate charger at 2.9%.Related:Why ‘no foreign transaction fees’ hasn’t proliferated in the Canadian credit card market
