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
Jun 3 Update: Scene Visa bonus doubled, Air Canada & WestJet update PED policies, up to 4x Aeroplan Miles for Shangri-La stays + MORE Jun 4th
Another full day here at Rewards Canada with Credit Card and Airline news plus lots of new bonus offers! News, Tips & Tricks In the world of non travel rewards, The SCENE® VISA card from Scotiabank has had its sign up bonus doubled to 4,000 points (4 free movies) for all accounts opened .... More »
Feds to review whether credit unions can use banking terms following outcry + MORE Aug 12th
Ottawa says it is reviewing whether credit unions should be allowed to use the terms "banks," "banker" and "banking" after the federal regulator that oversees financial institutions ordered them not to..... More »
How to invest in Canadian bank ETFs + MORE May 23rd
Though they’re well represented in Canadian stock indices, you can see why some investors would want even more exposure to Canadian banks. They have enviable dividend growth histories and ample current yields. They offer relatively stable earnings that are not vulnerable to global tariffs or suppl.... More »
The best credit cards with roadside assistance in Canada for 2025 + MORE Feb 21st
Roadside assistance belongs on the same list as a plunger, first-aid kit and a screwdriver small enough to fix your sunglasses: “Things you don’t realize you need, until you need them.” Simply put, when you’re stranded on the highway during a good ol’ Canadian snowstorm or on your way to t.... More »
Earning Stories: An elite status boost and nearly 20,000 bonus points thanks to Aeroplan's credit card promos + MORE Jan 13th
Welcome to the latest edition of Earning Stories where we showcase real life achievements of promotions and offers that we publish here on Rewards Canada. In this edition long time Rewards Canada reader and contributor Dee shared with us his recent account updates from Aeroplan showing the fulfillme.... More »
A Credit Card Conspiracy? Class Action Suit Targets Swipe Fees
– ratesupermarket.ca
A class action lawsuit in British Columbia claims Visa, MasterCard and the major banks are conspiring to keep transaction costs high for retailers. Such costs are swipe fees paid by retailers to credit card companies and banks every time a shopper uses a credit card to make a purchase. The fees start at 1.8 per cent but can be as high as 4 per cent for some premium cards according the Canadian Federation of Independent Businesses (CFIB).
Are Credit Card Lenders Breaking the Law?
In official documents filed to the Supreme Court of British Columbia by a furniture retailer in Vancouver, it’s stated 12 separate financial institutions, including Visa, MasterCard and Canada’s big banks, “unlawfully interfered with the economic interests of merchants.” It adds “…the defendants have breached various provisions of the Competition Act,” and have “engaged in civil conspiracies, and unlawfully interfered with the economic interests of the proposed class members.” In other words, the suit accuses credit companies are working together to keep fees high across the board…
