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
Earn 20X Aeroplan points on Canadian Down & Feather purchases made via the Aeroplan eStore Nov 5th
Halloween has come and gone which means it is now time for the Christmas and holiday shopping season to ramp up. And one retailer that is charging out of the gate is Canadian Down & Feather with an offer to earn 20X Aeroplan points on all purchases. Who is Canadian Down & Feather Company? .... More »
Earn up to 55,000 points with the RBC Avion Visa Infinite Card – a good way to get a quick injection of points + MORE Apr 14th
The best ever bonus of up to 55,000 Avion points on the RBC Avion Visa Infinite card and RBC Avion Visa Platinum Card continues to be a popular option in the market right now! This is one of the easiest welcome bonuses to achieve right now and is great for someone looking to get quick […]
Th.... More »
Poll: You can get better credit card terms just by asking Mar 27th
If you want better credit card terms, the best thing to do is call your card company and ask, a new CreditCards.com survey shows.... More »
August 8 Update: Great 2 for 1 deal with Dusit Hotels & Resorts, 50 bonus AIR MILES for online shopping & 9 new bonus offers Aug 9th
Dusit Hotels & Resorts is brand that many Canadians many not be aware of but if you travels may be taking you to Asia, particular Thailand, or the Middle East or Africa you may want to check out this offer! The great deal they are running is getting a 2nd night free when you only pay for 1 a.... More »
March 7 Update: HSBC World Elite MC first year free + 30K points offer, a new king of programs for crediting car rentals to & Air France flash sale Canada to Paris from $735 Mar 8th
Last year HSBC introduced their World Elite Mastercard to the Canadian public. Prior to the launch of this card their cards were almost exclusive to their banking customers only but they realized the money they could make by making a more accessible product. When the card did launch it had a pre.... More »
AIR MILES: 40 Bonus Reward Miles for Best Western stays in Canada, the US and the Caribbean
– RewardsCanada.ca
Offer Details:40 Bonus AIR MILES Reward Miles for each qualified stay at any Best Western® branded hotel in Canada, the United States, or the Caribbean Islands. Full details, Online Registration and Booking (Registration is required) Until Feb 29, 16Quarter-point interest rate calculator
– creditcards.com
How a quarter-point increase in interest rates raises the cost of carrying a given credit card balance
What will an interest rate hike cost?
– creditcards.com
Use this chart to find the added monthly cost of a quarter-point interest rate increase for a given credit card balance
Card APRs to rise as Fed raises interest rates
– creditcards.com
The U.S. central bank pushed its benchmark rate up a quarter point, setting the stage for rate hikes on credit cards and other consumer debts
U.S. Federal Reserve Liftoff: What Canadians Need to Know
– ratesupermarket.ca
The long-awaited Liftoff is here: the U.S. Federal Reserve has announced they are raising the Federal Funds Target Rate to 0.5%. It is the first time in seven years the Fed has increased their trend-setting interest rate, which they cut to 0 per cent on December 16, 2008. Markets had widely anticipated the move, with 81 per cent calling for a hike today.
Why This is Big News
As the U.S. is the largest economy in the world, any change it makes reverberates through the rest of the globe, impacting markets and even the cost of borrowing for other countries.
Generally, this is a good news story: the Fed raising rates is a sign that their economy has experienced real improvement since the financial crisis, and they’re gradually rolling back the measures relied on in the aftermath of the Great Recession.
Similar to how the Bank of Canada works, the Fed uses monetary policy to help manipulate the cost of borrowing for banks and consumers to keep money flowing and credit liquid during times of economic downturn…
