All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
IHG One Rewards new elite benefits and milestone rewards are now live & earn up to 5x points with Aeroplan eStore Father's Day event + MORE Jun 8th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposits± .... More »
Last day to get the elevated welcome bonus of 55,000 points on the RBC Avion Visa Infinite Card + MORE Nov 26th
The best ever bonus of up to 55,000 Avion points on the RBC Avion Visa Infinite card and RBC Avion Visa Platinum Card ENDS TODAY! This is one of the easiest welcome bonuses to achieve in the market and is great for someone looking to get quick injection of a good amount of points that […]
Th.... More »
RWRDS Daily Update – November 2 + MORE Nov 2nd
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Air Canada Emirates Partnership Air Canada and Emirates codeshare officially kicked off yesterday. The airlines are now codesharing on 35 markets with 11 more to co.... More »
Canada’s best low interest credit cards 2022 + MORE Jan 8th
If you know you’ll likely be carrying some debt on your credit card from month to month—or you’re simply trying to pay off a balance—then a low-interest credit card might be a good choice for you. After all, why lock yourself into the typical 19.99% credit card interest rate when you have th.... More »
Scientists in a race to discover why the Universe exists - Yahoo News Canada + MORE May 13th
Scientists in a race to discover why the Universe exists Yahoo News Canada.... More »
The Canadian Debt-to-Income Ratio Hits 165%
– ratesupermarket.ca
The latest household debt stats have been released by Statistics Canada – and they reveal a trend of persistent consumer and mortgage borrowing across the nation. The average debt-to-income ratio hit 165 per cent in the fourth quarter of 2015, up from 164 per cent in the previous quarter. That means the average Canadian now owes $1.65 for every dollar they earn after taxes.
Total debt, including consumer credit and non-mortgage and mortgage-based loans, grew 1.2 per cent to $1.923 trillion at the end of last year – but a whopping 1.262 trillion of that can be attributed to mortgages.
This follows a report from TransUnion that finds the average Canadian credit card balance has hit $3,610 – a three-year high.
Cheap Borrowing to Blame
It’s not surprising debt – and particularly mortgage borrowing – continues to grow in Canada; consumers have been spurred to borrow by the central bank for several years, as record low interest rates have been the norm. The Bank of Canada (BoC) cut the cost of borrowing to 0…
March 14 Update: New offer on the table for Starwood hotels, will Marriott lose out? New WestJet Routes and a couple of AIR MILES bonus
– RewardsCanada.ca
Potentially exciting news in the hotel world… News, Tips & Tricks Looks likes there may be a challenger in the Marriott takeover of Starwood Hotels. News has come out today that there is another offer on the table from a Chinese bidder for Starwood. It is too early to tell what will happen but if this new bid wins out we may not see the end of Starwood Preferred Guest in the next couple of years. Definitely news to watch over the next few months! (Source View from the Wing)WestJet has announced new summer seasonal flights between Vancouver and Halfax as well as Winnipeg and Halifax. (Source WestJet)Couple of AIR MILES bonus rewards miles coupons for ya: Rexall 40 bonus miles when you spend $30+ and Safeway/Sobeys 100 bonus miles when you spend $100+. Both are good to March 17. Posts since our last update:N/A Bonus Offers airBaltic PINS (on FrequentFlyerBonuses.com only)- Triple PINS at participating HERTZ locations worldwide. More… Book by Mar 21 for rentals until Apr 29, 16American AAdvantage- Quadruple AAdvantage Miles on rentals of compact or larger vehicles at participating Alamo locations in the United States and Canada…
