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Latest News
Business credit card debt: Can I transfer card debt if I'm selling my business? + MORE Jan 28th
If you're selling your business, you can transfer the card debt associated with it to the new owner – just make sure to follow a few rules and put the agreement in writing..... More »
April 12 Update: Air France KLM Flying Blue launches a family pooling option, up to a 2.4% interest rate with HSBC High Rate Savings & Alaska Airlines introduces $8 flat rate Wi-Fi + MORE Apr 12th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Be sure to subscribe to the Rewards Canada News email newsletter so that you don't miss out on any loyalty program news and offers! You can subscribe to the ne.... More »
AIR MILES Bonus Boom - Over 1,000 Bonus Miles available from participating partners February 6 - 12 + MORE Feb 6th
AIR MILES Bonus Boom has returned for the next seven days! This time it is a longer period than we have seen before. There are lots of bonus miles offers up for grabs at AIR MILES sponsors across Canada. Once you get to the Bonus Boom page you can select your province to see your offers. I select.... More »
Top 5 Credit Card Sign Up offers for October - These cards provide some of the best value out of their welcome bonuses + MORE Oct 2nd
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of October! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should alwa.... More »
Applying for a credit card? Here’s what you should know before getting one + MORE Jul 8th
The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will e.... More »
Canada’s consumer protection watchdog could get more bite with new code
– canadianbusiness.com
OTTAWA – The woman who is proud to be called the country’s consumer-protection czar remembers her first encounter years ago with the questionable actions of a debt-collection agency.
Lucie Tedesco, a law student at the time, received a phone call from the debt collector after she missed a minimum payment on a retailer’s credit card. They threatened, she recalled, to garnish her wages if she didn’t pay up.
But thanks to her studies, Tedesco said she knew full well they needed a court order to pluck cash from her paycheque. So she called their bluff.
The experience also opened her eyes.
“That really made me angry and I saw that there were perhaps practices out there that were not benefiting consumers,” said Tedesco, who became commissioner of the Financial Consumer Agency of Canada in September 2013.
Not only is the agency a key piece of the Harper government’s consumer agenda, Tedesco’s already-powerful office could become even stronger once the Conservatives introduce a long-promised comprehensive financial consumer code that would replace the existing patchwork of legislation and regulations…
Lucie Tedesco, a law student at the time, received a phone call from the debt collector after she missed a minimum payment on a retailer’s credit card. They threatened, she recalled, to garnish her wages if she didn’t pay up.
But thanks to her studies, Tedesco said she knew full well they needed a court order to pluck cash from her paycheque. So she called their bluff.
The experience also opened her eyes.
“That really made me angry and I saw that there were perhaps practices out there that were not benefiting consumers,” said Tedesco, who became commissioner of the Financial Consumer Agency of Canada in September 2013.
Not only is the agency a key piece of the Harper government’s consumer agenda, Tedesco’s already-powerful office could become even stronger once the Conservatives introduce a long-promised comprehensive financial consumer code that would replace the existing patchwork of legislation and regulations…
If your credit's all grown up, ditch that $300 'starter card'
– creditcards.com
If that $300 ‘starter card’ you got as a credit whippersnapper hasn’t evolved with you, get rid of it and enjoy the benefits that come with a higher-limit grown-up card
