All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Aeroplan elites can now transfer points to Marriott Bonvoy + MORE Sep 6th
Air Canada Aeroplan has joined a half dozen other airline programs that allow transfers of their points into Marriott Bonvoy. As of today, Aeroplan Elite members can now choose to transfer their Aeroplan points to Marriott Bonvoy points on a 1:1 basis. The Aeroplan to Marriott Transfer Process Per A.... More »
RWRDS Daily Update September 15: Marriott and Miles & More expand partnership & 50% bonus tier qualifying spend on WestJet flights + MORE Sep 16th
Marriott Bonvoy and Miles & More launch enhanced loyalty partnership, Earn 50% bonus qualifying spend on WestJet flights (Targeted offer) and we review the MBNA Rewards World Elite Mastercard. Check out today's points & miles updates here:
The post RWRDS Daily Update September 15: Marriott.... More »
Marriott Rewards: Double Elite Status Credit on all Marriott stays Worldwide starting this June + MORE Apr 29th
Here is a great promotion for us Canadians (well anyone outside of the U.S. since they are excluded) Double Elite Nights for all your Marriott stays from June 6th to the end of the year. This is a pretty good deal! While it is well known that Marriott Rewards tends to have slightly weaker elite bene.... More »
January 27 Update: Alaska Airlines changing some mileage earn rates, Amex Offer for Hillberg & Berk and 50,000 bonus PC Optimum points with Shoppers Drug Mart online Jan 28th
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. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus points, no.... More »
HSBC makes applying for their credit cards and bank accounts easier with HSBC EasyID + MORE May 11th
When HSBC ran their amazing offer to earn 100,000 bonus points for their HSBC World Elite Mastercard in late 2020 there was one issue that some of our readers brought to our attention several times. That issue was that HSBC wanted some applicants to confirm and complete their applications in branch..... More »
What Happens To Debt When You Get Married?
– ratesupermarket.ca
Many couples are getting married with a significant amount of debt. One or both partners might have student loans, credit card debt, a line of credit, an auto loan, or a mortgage. In 2014, Harris/Decima conducted a poll that showed two in five Canadian newlyweds enter their marriages with debt and owe, on average, $21,500.
Also read: The Cost of Love in Canada: $50,339.21>
So, what happens to this debt when you tie the knot or become common law partners? And what happens to debt that you accumulate during your marriage?
This article explores how debt can affect the finances of married or common law couples.
Pre-Existing Debt
The good news is that you won’t be held liable for any pre-existing debt that your partner brings with them to the marriage or partnership. Unless you co-signed for the loan or credit card, pre-existing debt is seen as entirely your partner’s responsibility.
Student Loan Debt
Student loan debt remains the responsibility of the borrower even after you’re married, but marriage or common law status might affect the repayment of your student loans and your ability to take out new student loans…
