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
Scotiabank More Rewards Visa Card to enter market as a very strong no-fee card competitor + MORE Apr 26th
A couple of weeks ago Scotiabank and the Overwaitea Group from B.C. announced a new partnership that will see Scotiabank issue the co-branded More Rewards Visa card. Now we haven't covered much of the More Rewards program here on Rewards Canada as it has been typically a weak program compared to man.... More »
Get Ready for Springtime Spending Apr 22nd
Winter has finally lessened its grip, and cold weather-weary Canadians have emerged to enjoy the sunnier days. But it’s not just spring flowers that are in for a growth spurt; warmer weather can have a taxing effect on the wallet as well.
Read on for this week’s top savings tips, from the best .... More »
RWRDS Daily Update June 3: Opt in for your monthly bonus offers from AIR MILES + MORE Jun 4th
Opt in for your monthly bonus offers from AIR MILES and Earn 1,000 bonus Stash Rewards points on stays booked this month. Check out today's points & miles updates here:
The post RWRDS Daily Update June 3: Opt in for your monthly bonus offers from AIR MILES appeared first on Rewards Canada..... More »
Aeroplan extends the expiry date on Buddy Passes earned from co-brand credit cards Jun 22nd
Great news for those of you who are holding on to Buddy Passes or have been considering applying for an Aeroplan co-brand card that offers a Buddy Pass. Those booking window for passes have been extended by Aeroplan to December 31, 2022 for travel into December 2023. Rewards Canada reader Jose.... More »
This Week in RWRDS May 23, 2025: Start travelling sooner with these credit card bonuses + MORE May 24th
This week we look at 12 credit cards that can help get you travelling sooner, the best bonuses this year on some Aeroplan & Marriott cards, the first look at WestJet’s new business credit card and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here:.... More »
Credit Card Code of Conduct: Changes Announced for Fees and Mobile Payments
– ratesupermarket.ca
Conservative Finance Minister Joe Oliver announced new updates to the Credit Card Code of Conduct today, emphasizing three main changes intended to better serve both consumers and small businesses.
Here’s our breakdown of the main highlights:
1: Credit Card Interchange Fee Caps To Take Effect
A main addition to the Code is the implementation of interchange fee caps this month, following MasterCard and Visa’s voluntary agreement to reduce fees to an average of 10 per cent last November. The Code now mandates that the fee reductions be passed down to merchants, with the hope that it will result in savings for consumers.
Also Read: Credit Card Interchange Fees Changes Coming to Canada>
“This will save money for job creators and will save money for consumers,” Oliver stated, adding the measures will “promote fairness in the credit card market and provide choice for consumers.”
Interchange fees are part of the processing fees merchants must pay each time a credit card transaction is made…
Apr 14 Update: IHG Rewards Club changes (good and bad), BMO World AIR MILES MasterCard changes, Club Carlson Triple Points offer
– RewardsCanada.ca
Big news from IHG and BMO today… News, Tips & Tricks We are still asking you for your Aeroplan redemption stories whether they are good or bad! Find out how to submit your story here. We’ll compile all the responses later this week and follow up with a summary post.IHG Rewards Club has announced some new changes coming to the program. Most of it is good news, some of it is bad but the the bad news is easily avoided. Lets start with the bad news. IHG is implementing an expiry rule on the program. Just like Aeroplan, if your account doesn’t have any activity for 12 months your points will expire unless you hold elite status in the program (which is relatively easy to earn!) That being said to keep your account active all you simply have to do is redeem for a digital music download for as little as 150 points. Really unless you have less points than that you shouldn’t have to let your points expire. Now you do still have some time as the expiry rule doesn’t kick in until May 16…
