Scotia iTrade Review: A Discount Broker for Active Traders Jan 17th
Why some people in Quebec are cutting up their cash + MORE Sep 4th
Canadian food banks fear perfect storm from rising fresh food prices + MORE Jan 31st
The close: TSX at 3-week high as oil boosts energy stocks Mar 28th
Airport Reward Programs: What You Need to Know Feb 14th
Canada’s Retail Credit Card Renaissance
– ratesupermarket.ca
Retailer credit cards – usually a last-minute incentive signup offered at the till – have generally been discouraged. While they often pack on-the-spot discounts, freebie periods and other extras, their higher-than-usual interest rates, rigid terms and inflexible usage (you can only use them with one retailer, after all) mean they’re generally shunned by savvy credit card users.
But it appears store-offered credit cards are experiencing something of a resurgence, as some big retailers like Amazon have been able to offer credit cards with rewards that rival the best in the market. Take for example the giant online retailer’s new Prime card, which offers a whopping 5 per cent cash back. It’s only offered in the U.S. right now, but a Canadian counterpart offers 2 per cent reward return on Amazone products and 1 per cent on other spending. That’s not too shabby.
Are retailer credit cards worth another look?
Click here to find the best rewards credit cards in Canada>
The Next Level of Loyalty
Similar to the U…
Canadians Are Less Satisfied With Their Banks: J.D. Power
– ratesupermarket.ca
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders, and that satisfaction has been dropping for years.
Bank Customers Can’t Get No Satisfaction
The study, which splits lenders into Big Banks (BMO, Scotiabank, TD, RBC and CIBC) and Midsize Banks (think the Tangerine and PCF), gave each a score out of 1,000 based on the following criteria:
Product
Self-Service
Personal Service
Facilities
Communication
Financial Advisor
Problem Resolution
Smaller lenders and credit unions were not included in the survey.
Click here to view the best no-fee bank accounts in Canada>
Overall, satisfaction among big bank consumers dropped 12 points from 2014 to 737. Midsize Banks performed slightly better at 759, a seven-point drop from last year. If bank satisfaction scores came in the form of school report cards, our nation’s lenders would be C students…
Canadians Are Less Satisfied With Their Banks: J.D. Power
– ratesupermarket.ca
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders, and that satisfaction has been dropping for years.
Bank Customers Can’t Get No Satisfaction
The study, which splits lenders into Big Banks (BMO, Scotiabank, TD, RBC and CIBC) and Midsize Banks (think the Tangerine and PCF), gave each a score out of 1,000 based on the following criteria:
Product
Self-Service
Personal Service
Facilities
Communication
Financial Advisor
Problem Resolution
Smaller lenders and credit unions were not included in the survey.
Click here to view the best no-fee bank accounts in Canada>
Overall, satisfaction among big bank consumers dropped 12 points from 2014 to 737. Midsize Banks performed slightly better at 759, a seven-point drop from last year. If bank satisfaction scores came in the form of school report cards, our nation’s lenders would be C students…
