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
RWRDS Daily Update April 18: You can now fly direct from Calgary to Munich with Discover Airlines Apr 18th
You can now fly direct from Calgary to Munich with Discover Airlines and Muir Halifax upgrades from Autograph Collection to Luxury Collection. Check out today's points & miles updates here:
The post RWRDS Daily Update April 18: You can now fly direct from Calgary to Munich with Discover Airline.... More »
Redemption Stories: Utilizing the BMO AIR MILES World Elite Mastercard Companion Flight Benefit + MORE Nov 29th
Rewards Canada reader Jim M. provided a comment on our post Travel Hacking 102 - Earn up to 4,300+ AIR MILES Rewards Miles for FREE with a potential value of over $1,300 in travel (Updated Nov 21, 18) and how he has leveraged just one of these offers for an amazing redemption story. This ties in per.... More »
Student Money Guide Sep 24th
There’s more to college and university than classes. Navigating the costs that come with a post-secondary program is just as much a learning experience as Psych 101—for both students, and the adults in their lives. The best time to start—both saving for school, and learning how to handle money.... More »
February 7 Update: American Express Cobalt Card Resources on Rewards Canada & 40 bonus AIR MILES for Best Western stays Feb 8th
We've created a page on our main site that lists all the American Express Cobalt Card Resources we have as there have been quite a few articles and features about the card. You'll find them all on this page! Hopefully all of these articles listed together will make it easier for you to decide if yo.... More »
Can a friend be a co-signer for a business credit card? + MORE Jun 26th
Starting a business requires money and credit. If you don't have one, is it possible to have a friend or family member co-sign for a business card? And, if so, is it a good idea.... More »
Is Your Debt Above Average?
– ratesupermarket.ca
Household debt levels are a hot topic this week, as new numbers reveal they are higher than ever across the nation – a key concern for our central bank, and the fuel behind Canada’s too-hot-to-touch housing markets. And it’s not just mortgages – a recent study finds credit card balances are on the rise, with the average Canadian owing more than $3k on their plastic. Read on for the full story.
Canadian Debt-to-Income Ratio Is Now 165%
Household debt levels are rising across the nation: the average Canadian now owes $1.65 for every dollar they earn, according to Statistics Canada, collectively owing a whopping $1.923 trillion – and $1.262 trillion of that is from mortgages. What does this mean for Canada’s recovering economy – and are you at risk as a consumer?
Read Penelope’s Blog | Canadian Debt-to-Income Ratio Is Now165%
National Credit Card Debt Hits 3-Year High
Is your credit card balance below the national average? A recent TransUnion report finds the average Canadian has racked up $3,610 on their plastic…
