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?
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Earn 2,500 bonus points per night for stays at any of three Toronto Airport Marriott Hotels + MORE Jul 7th
Here's another Marriott Bonvoy stay bonus we came across for stays here in Canada. This one covers three hotels around the airport in Toronto. You can earn 2,500 bonus points per night for up to two nights at the Element Toronto Airport, Four Points by Sheraton Toronto Airport or The Westin To.... More »
BMO profit dips 3% as loan losses and restructuring costs mount + MORE May 25th
The Bank of Montreal's second quarter profit fell to $973 million, down three per cent from a year ago, as it took bigger provisions for credit losses and restructuring expenses..... More »
American Express Cobalt Card: 24 new confirmed multiplier locations + MORE Jan 20th
Here’s our next update to our American Express Cobalt Card Confirmed Multiplier Locations list with 24 new locations being added today from across Canada A big thank you to the RWRDS Canada community for providing details on thousands of locations where you can use the American Express Cobalt Card.... More »
April 27 Update: Share your hotel award night finds, Seniors' Bonus Day at Shoppers Drug Mart on April 29 & Novotel Toronto Centre closed for renos + MORE Apr 27th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Hey Rewards Canada readers! Let us know about your Marriott Bonvoy award night finds in Canada or other hotel programs for that matter! Ye.... More »
Membership Rewards Use Points for Purchases explained + MORE Nov 21st
In 2016 American Express took a major step in providing more flexible reward options for Cardmembers earning Membership Rewards points. They took their very popular TripFlex option, which allowed Cardmembers to redeem points against any travel charge that was paid for with a Membership Rewards earni.... More »
Credit counselling in high demand in Alberta
– moneysense.ca
(Monashee Frantz/Getty Images)CALGARY – The Racette family is on a cash-only diet for the next four years.
Dale Racette, a truck driver, and his wife, a school bus driver, are trying to dig themselves out of a $45,000 hole.
It wasn’t any one thing. The day-to-day costs of raising two children just piled up over 14 years, Dale Racette said from Red Deer, Alta.
Two months ago, the Racettes sought the help of a credit counsellor to work out a debt repayment plan. The first step was to shred their six credit cards.
Racette says he’s optimistic his job at a distribution company is safe, but he’s lived through enough economic ups and downs in Alberta to know he can’t take anything for granted.
“I think I’m pretty secure. I wouldn’t bet a whole lot of money I don’t have, mind you,” he said.
According to Statistics Canada, Alberta lost 14,000 net jobs in February — 7,000 of those in the natural resources sector. Suncor Energy Inc. (TSX:SU), Cenovus Energy Inc. (TSX:CVE), Nexen ULC and ConocoPhillips Canada are among the big oil companies to have cut jobs as they grapple with low oil prices…
Air France KLM Flying Blue – Save 25 % on Business Class award tickets between Edmonton & Europe for Jun/Jul Travel
– RewardsCanada.ca
After a few good months of deals for Canadians the with Air France KLM’s Promo Awards we see a slow down for the upcoming busy summer travel season. These award ticket deals are bookable as of tomorrow (April 1) and are good for award travel for June and July of 2015. The offer this time is only for 25% off Business Class on KLM’s new route out of Edmonton to anywhere in Europe! This is an OK deal for those in Alberta however keep an eye out on schedules as the Edmonton flight was already postponed from May 8th to the 19th due to labour relation issues and it could be pushed back further. Don’t fret however, if you do redeem KLM has to get you to Europe in Business Class so if the schedule does change they will more than likely throw you onto WestJet to Calgary or Vancouver to hop on the KLM flights out of those cities.Don’t have the miles? You could always consider transferring Starpoints earned via the Starwood Preferred Guest Credit Card from American Express to Flying Blue…Credit Card Interchange Fees: The Impact in Other Countries
– ratesupermarket.ca
Last November, it was announced that MasterCard and Visa will reduce credit card interchange fees to an average of 1.5 per cent, to take effect this April. The fees, which are paid by merchants to issuing credit card lenders on each credit card transaction, have long been a point of contention among small business and store owners. With most credit cards requiring a fee paid of 1.60 – 2.60 per cent of the total purchase price, many argued the fees were anti-competitive and eating into their bottom lines. The Government of Canada finally stepped in with the intent to regulate the fee structure, but no official measures were necessary in the long run; both MasterCard and Visa voluntarily proposed to cut their fee structure.
The reduction is meant to benefit both retailers, who will pay less for the ability to offer credit card payment, and consumers who will theoretically enjoy lower prices passed down from retailers’ savings. However, worries persist that a cut to lenders’ profit margins may prompt them to reduce existing credit card variety, decrease current point offerings, and hike interest rates…
