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
Amex Membership Rewards: 30% Bonus Avios when transferring to British Airways Executive Club + MORE Sep 13th
Showing up earlier than last year we see the return of a transfer bonus from American Express Membership Rewards to British Airways Executive Club! Once again the bonus is a decent 30%!These transfer bonuses are the one thing many owners of hybrid credits cards look forward to as hybrid cards poi.... More »
Trump wants to cap credit card interest at 10%. Is that a good idea? - CBC + MORE Jan 27th
Trump wants to cap credit card interest at 10%. Is that a good idea? CBCWhy Trump’s Credit-Card Crackdown Will Backfire The Free PressWhat a Credit-Card Interest Rate Cap Would Mean for Consumers BloombergShould Canada cap credit card interest rates? One expert war.... More »
The Ultimate Foodie Credit Card portfolio + MORE May 19th
Yesterday we released the 14th Ultimate Credit Card Portfolio on Rewards Canada. This one is the Ultimate Foodie Credit Card portfolio!In this feature of Rewards Canada's Ultimate Credit Card Portfolios we look at the ultimate one for those who like to enjoy food - whether it is cooking your own.... More »
Desjardins instituting credit card spending caps and are shifting some merchants out of accelerated earn categories Oct 27th
As reported by Milesopedia there are some negative changes coming to the Desjardins BONUS DOLLARS program. As of January 1, 2024 they will be putting annual spending caps in place for select accelerated earn rate categories on all of their rewards card offerings. Some of the cards accelerated catego.... More »
Canada’s Best Metal Credit Cards for 2022: Everything You Need to Know + MORE May 13th
Are you looking for the highest possible credit card rewards and benefits? Look no further than a metal credit card. Except for black credit cards, metal credit cards offer the most exclusive credit card rewards in Canada. You can expect great earning rates, extensive travel benefits, and top-notch .... More »
Aimia reports first-quarter loss of $16.3M; ups quarterly dividend 5.9%
– canadianbusiness.com
MONTREAL – Travel rewards company Aimia Inc. (TSX:AIM) is increasing its dividend almost six per cent despite swinging to a loss in the first quarter on revenue that was relatively flat year over year.
Aimia, which owns and operates the Aeroplan rewards program in Canada and operates or has stakes in other such programs around the world, reported after markets closed Tuesday that it had a net loss of $16.3 million or 13 cents per share in the quarter.
That was a reversal of its results a year ago when it posted a first-quarter profit of $45.7 million or 22 cents per share.
Total revenue for the three months ended March 31 slumped slightly to $608.9 million from $609.5 million in the same 2013 period.
Despite the net loss, Aimia reported higher gross billings and an increase in adjusted earnings and said it was increasing its quarterly dividend a penny, or 5.9 per cent, to 18 cents per share “in line with annual policy.”
Adjusted net earnings were 48 cents, up from 27 cents a year ago and well above analyst expectations of 34 cents, according to a survey by Thomson Reuters…
Aimia, which owns and operates the Aeroplan rewards program in Canada and operates or has stakes in other such programs around the world, reported after markets closed Tuesday that it had a net loss of $16.3 million or 13 cents per share in the quarter.
That was a reversal of its results a year ago when it posted a first-quarter profit of $45.7 million or 22 cents per share.
Total revenue for the three months ended March 31 slumped slightly to $608.9 million from $609.5 million in the same 2013 period.
Despite the net loss, Aimia reported higher gross billings and an increase in adjusted earnings and said it was increasing its quarterly dividend a penny, or 5.9 per cent, to 18 cents per share “in line with annual policy.”
Adjusted net earnings were 48 cents, up from 27 cents a year ago and well above analyst expectations of 34 cents, according to a survey by Thomson Reuters…
New Rules in Place for Prepaid Credit Cards
– ratesupermarket.ca
Prepaid credit cards offer a no-hassle way to make purchases. Simply preload funds and start spending immediately – no credit check required – but convenience has its cost. Prepaid cards often come with hidden fees that can drain your card’s balance. To address this, the Department of Finance has introduced new regulations on prepaid credit cards to better protect consumers.
The New Rules for Prepaid Credit Cards
Here is an overview of the new consumer-friendly rules for prepaid credit cards:
a ban on maintenance fees for the card for at least one year after the card is activated
a ban on assigning an expiry date to prepaid cards
a requirement that federally regulated financial institutions disclose a list of all the fees associated with the card in an information box that is printed in a visible location on the card’s packaging
a requirement that all other key information be given to the consumer before the card is issued in a manner that is “clear, simple and not misleading”
Types of Prepaid Cards
Not all prepaid credit cards are created equal, and there are two main variations: promotional and non-promotional…
