All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Summer camp sticker shock is real—here’s how to stay on budget May 16th
By the time the end of the school year nears, many parents have already spent months planning where to stick their kids for the summer. “It really is January, February, when you have to start thinking about it,,” says Erin Bury, mom to a toddler and kindergartner in Wellington, Ont. “It’.... More »
Earn up to 5,000 bonus Aeroplan points with Chexy when using credit cards to pay for rent, taxes & more + MORE Sep 25th
There is new offer in market to earn up to 5,000 bonus Aeroplan points with Chexy. Like the celebratory launch offer for the partnership, this latest offer is for new Chexy users only and is available until January 31, 2026. I apologize to our community if I am late in posting this as I didn’t.... More »
Meet the Advisors Who Are Expanding Wealth and Enhancing Legacy Planning + MORE Jun 13th
Established families and business leaders trust the boutique wealth advisory firm to multiply wealth and maximize estate value. Leveraging innovative and sophisticated financial strategies, they’re creating monumental financial impact.
Movsessian and Kachani speak about establishing the f.... More »
Top Canadian Credit Card Issuers Cut Interest Rates and Pause Planned Hikes Apr 13th
The COVID-19 pandemic has swept many Canadians into unanticipated financial uncertainty. Mass temporary layoffs and job losses have left hundreds of thousands of people wondering how they are going to pay their rent and credit card bills in the coming months.
While the federal government is taking .... More »
Scotiabank American Express cards officially receive Amex Invite Benefits (Front of the Line & more) + MORE Jul 29th
One of my readers, Jeff W. asked me a few months ago whether the Scotiabank Gold American Express comes with American Express' Front of the Line benefit. I knew that when the card launched it did not but double checked with my contacts at Scotia. They confirmed that it did not. Jeff however talked t.... More »
How Canadians Can Take Advantage of Black Friday and Cyber Monday
– canadianfinanceblog.com
Shopping in the United States is elevated almost to a contact sport. Sales and discounts abound on a predictable schedule. Here in Canada, it’s true that we get Boxing Day on December 26th. However, in the States they also end up with “after Christmas” sales, and sales all the way up to Christmas. But the “real” deals for the shopping year is the fact that the United States gets to take advantage of major deals before Christmas with Black Friday and Cyber Monday.If you want to take advantage of deals like our friends to the south, you do have options. Here are a few ways that you can get in on the Black Friday deals.
Across the Border
One option is to go across the border and shop the deals in person. Did you know that 75% of Canadians live within 150 kilometres of the United States border? Not only that, but the Canadian dollar is relatively close in value to the US dollar. This means that you can take advantage of a reasonable exchange rate. Shop with your credit card, and you don’t have to worry about carrying out the foreign exchange transaction yourself…
Credit Card Tiers: Your Guide
– ratesupermarket.ca
Selecting and applying for a credit card can be overwhelming. Terms like gold, elite, and platinum can seem arbitrary, the differences between them confusing. To help clarify, we’ve assembled a quick-and-dirty reference guide for the different tiers of Canada’s most popular credit cards, MasterCard and Visa.
MasterCard
Standard
Features and perks:
Nothing fancy. Holders can use their card in more than 200 countries, plus at ATMs to withdraw cash. Zero Liability policy is included — a cardholder’s liability for unauthorized purchases is $0. Other benefits are dependent on card type and issuer.
Fees:
Depends on the card type and issuer, but most start at $0.
What you need to apply:
No minimum income requirement for some cards.
Examples:
BMO Air Miles MasterCard
An all-around basic card with no annual fee and modest reward earnings with 0.05 Air Miles earned on the dollar. New signups get a 400 Airmile bonus, and the credit card can be used in conjunction with the Air Miles rewards card to double up on points at the till…
JPMorgan to terminate credit card deal with Sears Canada
– theglobeandmail.com
Another setback for the struggling clothing and household goods retailer
JPMorgan Chase and Sears Canada said Monday they plan to terminate their credit card agreement starting next November.
Canadians Pick their Top Travel Rewards Credit Cards for 2014 – Results of our Canada’s Choice Vote!
– RewardsCanada.ca
For the fourth year in row RewardsCanada.ca, the country’s leading source for frequent flyer and travel reward information, asked Canadians to rank their favourite travel reward credit cards as part of its ‘Canada’s Choice’ Awards.More than 18,000 users of the popular website responded. The results were not even close. Amex dominated four out of the five travel reward categories to reclaim its spot as Canada’s most admired portfolio of travel reward credit cards. It is a significant honour given the more than 85 travel rewards credit cards Canadians can choose from.“After RBC knocked AMEX off its perch last year, the credit card company responded with a noticeably stronger marketing presence,” said Patrick Sojka of Rewards Canada. “While Amex has a reputation for its strong reward options and ease of redemption, I suspect their savvy marketing campaigns are resonating with consumers and helping to create top-of-mind presence.”Perhaps the most surprising result of the ‘Canada’s Choice’ Awards poll was TD’s lack of traction…
