Accepting international payments with Square + MORE Sep 29th

All about Canadian credit cards. Learn the ins and outs and get the latest news.
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Put it on my card…or not Sep 4th

If people put everything from groceries to gas on credit cards to earn rewards, why not college tuition? Many colleges and universities let you pay with plastic, and some people do. But it can be a very poor financial decision, and it may cost you more in the long run. Sallie Mae’s report R.... More »
 master card

'It's a ball of yarn': Small business owner detained at border amid border and visa confusion + MORE Jun 13th

Heather Breadner found herself in a woolly situation when she tried to cross the Canada-U.S. border, but was turned back by customs agents who seemed confused about the paperwork she needed to sell her hand-dyed yarn at a festival in Maryland..... More »

How to detect card fraud, identity theft Apr 19th

Thoroughly reading through a current credit report is your first step.... More »

Easy ways to save money on travel Aug 1st

I love to travel, but I don’t like spending more than I have to. Over the years, I’ve picked up a few tips that have helped me stretch my travel dollars, and I’m here to share them with you. You won’t find any travel hacks here; these are practical tips that anyone can use right now. Budget .... More »
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Loyalty Lesson Learned - Don't brush off reward programs + MORE Oct 19th

We welcome guest contributor, Matthew Couto - a Millennial traveller who left his desk job to travel the world. We learn a lesson from his travels and time off - using a rewards program credit card could have helped him save a lot more money by helping to pay off some of those travels. In this piece.... More »
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Canadian Tire has launched a new app for holders of its cross-branded Mastercard that blends utilitarian functions like everyday mobile banking payments with loyalty badges and promotional offers.
“We wanted to put something out that would really engage our customers in the card’s value proposition, and really get them a little closer to the rewards,” said Cam Thomson, digital marketing manager with Canadian Tire Financial Services. “We think we can engage customers to another level, if we come up with something that’s fun and exciting and very different than what other financial institutions are putting out there. ”
The mPlay & Pay app, which is only available to Canadian Tire Options Mastercard members, offers standard mobile banking features like account balances and payment history, as well as contactless mobile payments at Canadian Tire retail locations…

Continue Reading On moneysense.ca »

Canada’s Debt-to-Income Ratio Hits 164.4%
Canadians are racking up more debt than ever with no slowdown in sight, according to new data. A number of reports show Canadian debt levels are rising and the major culprit continues to be low rates and rising real estate costs. In his latest Household Credit Analysis, CIBC Economist Benjamin Tal says household credit is now rising at the fastest year/year pace since late 2012.
But those numbers don’t tell the whole story – here’s a breakdown of the current debt factors..
New Record Highs
The fact is Canadian debt levels have hit a new record high. Statistics Canada reported this month that the amount Canadians owe compared to their ability to pay is now at 164.6 per cent, up from 163 per cent at the end of March 2015. It marks the biggest jump in the ratio since 2011. Canadians owe just under $1.65 for every dollar of their disposable income.
Also read: Why is Canada’s Debt to Income Ratio So High?>
A Tale of Just Two Cities
So, what’s driving our need for debt? If you live in Vancouver or Toronto, it’s likely your mortgage…

Continue Reading On ratesupermarket.ca »

September 28 Update: New menus on Rewards Canada, 40,000 Point sign up bonus for the mbna Best Western MasterCardHope everyone had a great weekend! Here is your first update of the week! News, Tips & TricksIf you visited the main Rewards Canada site over the weekend you may have noticed a change to our menus! We have essentially run on the same menu system for 10+ years which was fromed when Rewards Canada had a larger focus on bonus offers and not much other content. For many years we have been providing much more content than bonuses and the menus did not follow so it was hard to find our features, guides, educational pieces and more on the site. Now with the new menus it should be much easier to find all we have to offer on the site! There is still further updating to be done to the drop down menus however so be sure to keep checking them as they will change over time!Before:After: Air Canada will be placing their 787-9 aircraft on Calgary and Toronto to Frankfurt routes for April 2016. (Source airlineroute.net) There is a great new increased sign up bonus for the Best Western MasterCard from mbna! The usual bonus of 20,000 points has been doubled to 40,000! Not as big as the 50k we’ve seen in previous years but still a great offer to take advantage of seeing that the card has no annual fee! Find out more here…

Continue Reading On RewardsCanada.ca »

Central bank released new data showing that total Canadian outstanding household credit rose to $1.869-trillion in August, up an annualized pace of 5.9 per cent from July

Continue Reading On theglobeandmail.com »

For small business owners who use Square to accept credit cards, selling to overseas customers is allowed. But there are a few things you should know to make it easier on your customers and yourself

Continue Reading On creditcards.com »

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