The “Big Five” Canadian banks 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). Are there other viable options?
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The best GIC rates in Canada for 2026 + MORE Mar 2nd
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Hwang’s Spectacular Collapse Culminates in Criminal Charges - Yahoo Canada Finance + MORE Apr 27th
Hwang’s Spectacular Collapse Culminates in Criminal Charges Yahoo Canada FinanceArchegos 'Duped' Wall Street's Biggest Banks, Prosecutor Says BNNArchegos Founder Hwang Criminally Charged Bloomberg Markets and FinanceBill Hwang Arrest: Inside the Vicious Cycle of Ar.... More »
Want to raise your credit score in Canada? Avoid these 5 credit card mistakes + MORE Aug 26th
What is a credit score, and how does it affect your personal finances? Anytime you apply to borrow money, whether it’s a loan, a line of credit or a new credit card, lenders look at your credit rating—and your credit score is a big part of that.
Find your next credit card*
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Should you get that promo rate? Check out the fine print first Oct 19th
Some banks entice Canadians to open new accounts with the offer of a high but short-lived promotional interest rate. A generous interest rate might catch your eye, but there are a few things you should ask yourself before you sign up for a new chequing or savings account.
Should you switch bank a.... More »
The best GIC rates in Canada for 2025 + MORE Oct 20th
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 »
What Happens to Your Points When You Cancel a Rewards Credit Card?
– ratesupermarket.ca
The moment you redeem your credit card rewards can feel exhilarating. Maybe you’ve treated yourself to new merchandise, event tickets, or a free flight. But, when it is time to upgrade your credit card or cancel it altogether, the outcome may not be so joyous.
Depending on the type of rewards card you have, you may lose out on your hard-earned points. Luckily, many providers offer points conversion options or are associated with loyalty programs. And, if you are patient, you may be able to switch credit card companies without having to cut your losses.
Credit Card Rewards Programs
Standard credit card rewards plans fall under two main categories: in-house points and third-party loyalty programs.
In-House Programs
In-house programs are those that offer rewards solely through the credit card company itself.
Here are some examples of in-house credit card rewards programs offered in Canada:
American Express Membership Rewards: Apart from cash back, Aeroplan, and Marriott rewards options, American Express features its own in-house rewards system on many of its cards, including the American Express CobaltTM Card…
