All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
March 18 Update: Instacart now coding properly for 5x points with Amex Cobalt Card, Centurion Lounges shutting down temporarily & 2x RBC Rewards points when converting Hudson's Bay Rewards points Mar 19th
Remember to visit and bookmark our COVID-19 resource page where we are keeping you up to date with all the latest airline, hotel, lounges and loyalty program news, policies, closures and more. And on the note of closures it has been announced that all American Express Centurion lounges worldwide wi.... More »
September 3 Update: The Platinum Card receives a $100 NEXUS credit benefit & Air Transat offering 10,000 seats under $299 Sep 3rd
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. In an unannounced move American Express has also now added a NEXUS benefit to The Platinum Card like they will be doing for the re.... More »
The best GIC rates in Canada for 2025 + MORE May 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
RWRDS Daily Update – May 8, 2023 May 8th
We review the National Bank of Canada World Elite Mastercard, Aeroplan eStore Redemption Sale & Two more confirmed Cobalt multipliers. Check out today's points and miles updates here:
The post RWRDS Daily Update – May 8, 2023 appeared first on Rewards Canada..... More »
Can your card company impose a new annual fee on you? + MORE Mar 8th
Card issuers can make changes to their products, such as start charging fees on otherwise no-fee cards. These are your options when hit with a new fee on your credit card..... More »
Putting a big-ticket item on a card: 7 questions
– creditcards.com
Done right, a credit card can be the best tool for an expensive item. You can see whether it’s right for you by answering these questions
Dollarama to charge $4 for certain items
– moneysense.ca
MONTREAL – Dollarama is taking the first steps towards accepting credit cards as it prepares to introduce higher priced items next year, with the discount retailer saying it will accept the cards at more than 80 stores in British Columbia starting in early 2016.
“What we’re looking for is to improve the shopping experience of our customers while stimulating more sales to offset the costs,” said chief financial officer Michael Ross.
He said the pilot project will help the company determine customer use of credit cards and whether it has a meaningful impact on sales.
Sales tend to be higher when payment methods other than cash are used, but that also increases the cost to the merchant, who usually must rebate a percentage to the bank or other card issuer.
The truth about dollar stores and expired food »
Dollarama did not say which cards would be accepted at its outlets or specify the length of the pilot project.
The last credit card trial in 2010 ended after 12 months without any action…
“What we’re looking for is to improve the shopping experience of our customers while stimulating more sales to offset the costs,” said chief financial officer Michael Ross.
He said the pilot project will help the company determine customer use of credit cards and whether it has a meaningful impact on sales.
Sales tend to be higher when payment methods other than cash are used, but that also increases the cost to the merchant, who usually must rebate a percentage to the bank or other card issuer.
The truth about dollar stores and expired food »
Dollarama did not say which cards would be accepted at its outlets or specify the length of the pilot project.
The last credit card trial in 2010 ended after 12 months without any action…
Rebuilding credit? Go easy on new accounts
– creditcards.com
When working to rebuild your credit, open and maintain only two or three new cards. Any more could hurt more than help
Liberals Pass the Middle-Class Tax Cut
– ratesupermarket.ca
The Liberal government is putting into motion some of the economic promises made to Canadians during their campaign. Helping the ailing middle class, which was a major theme in last week’s throne speech, is now official as the Liberals have passed the aptly-named middle-class tax cut.
But that’s not the only tax change in store for Canadians; the nation’s wealthiest can expect a 2016 tax increase along with a higher charitable donation tax credit for that income bracket.
Canada’s New Tax Changes
It’s time for the middle class to catch a (tax) break; the second income bracket for middle-class Canadians will drop from 22 per cent to 20.5 per cent starting next year for those with taxable income between $45,282 and $90,563. This adds up to savings of about $680.
To pay for the tax cut for the middle class, the so-called “one per cent” will have to cough up more; those with taxable income above $200,000 will see a new tax bracket of 33 per cent (the top tax bracket of 29 remains for those with taxable income between $140,388 and $200,000)…
Number of new cards soars, but credit limits tight
– creditcards.com
An American Bankers Association survey finds subprime borrowers regaining access to credit, but not to a lot of it
