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
American Express Cobalt Card: 25 new confirmed multiplier locations Jan 6th
Here’s our next update to our American Express Cobalt Card Confirmed Multiplier Locations list with 25 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 »
Earn up to 115,000 points with the TD Aeroplan Visa Infinite Privilege Card + MORE Jul 14th
TD’s Ultra Premium Aeroplan co-brand card, the TD® Aeroplan® Visa Infinite Privilege* Card is currently available with a record high welcome bonus offer of up to 115,000 bonus Aeroplan points! On top of the huge points bonus, being an ultra premium card it has many benefits associated t.... More »
5 things to know about the Air Miles lawsuit + MORE Sep 17th
Having trouble redeeming your Air Miles, or feel like there are rewards being kept from you? Well, you’re not alone. This week, JSS Barristers, a Calgary law firm, filed a class action lawsuit against LoyaltyOne, the company that owns and operates the Air Miles rewards program in Canada. We s.... More »
Help, I'm an unauthorized authorized user + MORE Mar 13th
No one has a right to make you an authorized user on their card, since it can badly damage your credit.... More »
Receive a free night award when you stay two nights at Best Western Hotels this summer + MORE Jun 5th
Best Western Rewards' summer promotion kicks off tomorrow and it is the return of their free night award offer. When you complete two nights (do not have to be consecutive) at Best Western Hotels in Canada, the U.S. or Caribbean between June 6 and September 4 you'll receive one free night award. The.... More »
The Best Low Interest Credit Cards of 2015
– canadianfinanceblog.com
If you regularly carry a balance, you will probably need a low interest credit card. Low interest credit cards can also help with your debt repayment plan. It’s hard to pay off debt efficiently when you are stuck paying 19.99%. It can make a big difference to have a lower interest rate.Low interest rate credit cards are helpful for the occasional large purchase that might require three or four months to pay off. Think about your plans for the future, and consider whether or not you might benefit from the right low interest credit card. Here are some of the best low interest credit cards available in Canada:
Scotia Momentum No-Fee VISA Card – If you are looking for a low interest credit card without an annual fee, this can help. You can receive a 7.99% APR on purchases for the first 6 months if you open your account by October 31, 2015. This can be a great way to save money on larger purchases.
Not only does this card come with a low initial interest rate, but it also offers rewards…
Survey: Average card rates stay at 15 percent for 8th week
– creditcards.com
Aug. 12, 2015: Average credit card interest rates remained at 15 percent Wednesday for the 8th consecutive week, according to the CreditCards.com Weekly Credit Card Rate Report.
5 credit score oddities
– creditcards.com
Quirks in the credit scoring formula make unexpected things help or hurt
Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy
– canadianbusiness.com
WASHINGTON – Citizens Bank has been ordered to pay $34.5 million in refunds and penalties for shortchanging customers on their full deposits.
Federal regulators said Wednesday the Providence, Rhode Island-based bank kept the difference when deposit slips and the actual amount of money transferred didn’t match.
The Consumer Financial Protection Bureau, FDIC and Office of the Comptroller of the Currency ordered Citizens Bank to pay $14 million in refunds to customers and $20.5 million in penalties.
Regulators say Citizens Bank only looked into discrepancies greater than $25 or $50. More than 475,000 business and consumer accounts were affected between January 2008 and November 2013.
Regulators called the bank’s actions unfair and deceptive.
Citizens Bank says it has corrected its system for handling mistaken deposit slips and has adequate reserves to cover refunds and fines.
The bank operates in 11 states.
The post Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy appeared first on Canadian Business – Your Source For Business News.
Federal regulators said Wednesday the Providence, Rhode Island-based bank kept the difference when deposit slips and the actual amount of money transferred didn’t match.
The Consumer Financial Protection Bureau, FDIC and Office of the Comptroller of the Currency ordered Citizens Bank to pay $14 million in refunds to customers and $20.5 million in penalties.
Regulators say Citizens Bank only looked into discrepancies greater than $25 or $50. More than 475,000 business and consumer accounts were affected between January 2008 and November 2013.
Regulators called the bank’s actions unfair and deceptive.
Citizens Bank says it has corrected its system for handling mistaken deposit slips and has adequate reserves to cover refunds and fines.
The bank operates in 11 states.
The post Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy appeared first on Canadian Business – Your Source For Business News.
Citizens Bank is returning $14 million to individual and business customers in an agreement with federal regulators for failing to credit customers the full amounts of their deposits.
