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?
Latest News
Detached houses record fastest price gains - Langley Times + MORE May 5th
Financial PostDetached houses record fastest price gainsLangley TimesWhile detached house benchmark prices in the Fraser Valley have climbed above their pre-recession highs, the same cannot be said for townhouses and apartments. — image credit: Fraser Valley Real Estate Board. 0 ...Photos: 10.... More »
Air Canada is Making Changes to the Aeroplan Program + MORE Aug 14th
Air Canada’s relationship with Aeroplan has been evolving recently. First, they announced ending their partnership with Aeroplan and building their own program. After that, the news broke that Air Canada purchased Aeroplan with plans to revamp it completely. Now we finally have a chance to look a.... More »
5 ways to protect your personal finances after a data breach Jun 4th
The onus is ultimately on you to check credit reports and account activities to ensure you don’t fall victim to fraud. Here are 5 steps you can take today..... More »
Great deal: $100 nightly resort credit at the Kananaskis Mountain Lodge, Autograph Collection Mar 12th
If you are planning a mid-week stay at the Kananaskis Mountain Lodge, Autograph Collection be sure to check out this offer. Right now you can receive a C$100 Resort Credit per night on Sunday-Thursday stays until the end of April. The great thing about this deal is that is prices the same as the bes.... More »
Top 5 Small Business Credit Card Sign Up offers for January - These cards provide the best value out of their welcome bonuses + MORE Jan 10th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As a.... More »
Oct 15 Update: Aeroplan and Rexall part ways, Double Starpoints in Tremblant, 5x Dividend Miles on Avis Rentals
– RewardsCanada.ca
We lose a good Aeroplan earning partner and lots of new bonuses today! News, Tips & TricksNot so good news out of the Aeroplan camp today. They have announced that as of Oct 31 members will no longer be able to earn miles on their purchases at Rexall. While the earning may have be relatively minor I am sad to see this partner go. There have been some great bonuses (remember the 800 miles for Adidas body wash?) and it was a good location to use for past Earn Your Wings promos (I still have some of the Rexall $1.09 bandage packages floating around from that promotion) plus at my most convenient shopping area in my community I used to have three places to earn Aeroplan miles, now that is down to one as Sobeys switched to Air Miles, Rexall is done in two weeks which only leaves me with Esso. Have you voted yet? Vote for your favourite Travel Rewards Credit Card in our 2014 Canada’s Choice survey! Vote at rewardscanada.ca/voteOf the bonuses added today there are three that many of our frequent (or not so frequent) travellers should look into…Credit reports key to detecting fraud
– creditcards.com
If you suspect someone is trying to open a card account in your name, fraud alerts and credit report monitoring can stop thieves before they start stealing
Apple likely to unveil new iPads, Mac system, details on Apple Pay at Thursday event
– canadianbusiness.com
CUPERTINO, Calif. – Apple Inc. is expected to unveil new iPads at an event Thursday, as the company tries to drive excitement amid slowing demand for tablet computers. Apple may also announce a new Mac operating system and possibly new Mac computers. Watchers also await a possible launch date for Apple Pay, the company’s new system for using iPhones to make credit and debit card payments at retail stores.
As usual, Apple isn’t disclosing what it plans to reveal at its headquarters in Cupertino, California, this afternoon. Invites to its event carried the cryptic message, “It’s been way too long.”
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NEW IPADS:
It’s been a year since Apple came out with a lighter, thinner full-size model called the iPad Air. Apple is expected to refresh that with a faster processor and possibly a fingerprint ID sensor akin to what’s found on recent iPhones. The sensor would let people use a fingerprint instead of a passcode to unlock the device and authorize Apple Pay purchases…
As usual, Apple isn’t disclosing what it plans to reveal at its headquarters in Cupertino, California, this afternoon. Invites to its event carried the cryptic message, “It’s been way too long.”
___
NEW IPADS:
It’s been a year since Apple came out with a lighter, thinner full-size model called the iPad Air. Apple is expected to refresh that with a faster processor and possibly a fingerprint ID sensor akin to what’s found on recent iPhones. The sensor would let people use a fingerprint instead of a passcode to unlock the device and authorize Apple Pay purchases…
Credit card interest rates hold steady at 15.07 percent
– creditcards.com
Oct. 15, 2014: Average rates on new card offers didn’t budge this week, according to the CreditCards.com Weekly Credit Card Rate Report
We’re paying off mortgages faster than thought
– moneysense.ca
iStockTORONTO – A new report suggests that Canadian homeowners are paying down their mortgages faster than they’re being given credit for.
CIBC deputy chief economist Benjamin Tal says homeowners are taking advantage of record-low interest rates to accelerate their mortgage payments, and shorten their amortization periods.
The CIBC World Markets study says that homeowners are paying an additional $11 billion a year in principal that isn’t being officially recognized by the Bank of Canada.
It suggests that an estimated 30 to 40 per cent of households with mortgages are accelerating their payments. While 40 to 50 per cent of borrowers are estimated to have amortization periods of less than 20 years, rather than the standard 25 years.
Tal says that means the debt-service ratio in the Canadian mortgage market — what it costs to carry a mortgage as a share of disposable income — is 7.3 per cent, one point higher than the 6.3 per cent officially used in calculations by the Bank of Canada…
