AIR MILES Mega Miles was set to launch this week but has now been postponed + MORE Mar 18th

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50 Bonus AIR MILES when you spend $100 or more via AIR MILES Shops + MORE Mar 24th

Many stores across Canada are closing their doors to help stop the spread of the Corona Virus. From Bed, Bath & Beyond to EB Games to Sephora - all have made moves to create social distancing and keep employees and potential customers safe. That means the world of online shopping becomes all tha.... More »
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People deferring their mortgage payments are making an unpleasant discovery: it can wreck your credit rating Mar 30th

Deferring payment on your mortgage buys you time to deal with COVID-19’s economic havoc, but the people behind your credit score might just see bad news..... More »
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If you want to redeem your points and miles for gift cards you may want to do so sooner than later Mar 26th

Earlier today we brought you the news that Best Western Rewards removed the option to redeem their points for gift cards.  Now, we see Southwest Airlines Rapid Rewards has done the same thing (Source Doctor of Credit) and that leads us to believe more programs may head down this route. Airlines.... More »

Stocks, oil, and bitcoin rebound after the Fed ramps up asset purchases and rolls out credit facilities - Markets Insider Mar 23rd

Stocks, oil, and bitcoin rebound after the Fed ramps up asset purchases and rolls out credit facilities  Markets InsiderRand Paul is first U.S. senator to test positive for coronavirus  CTV NewsTrump appears to mock Mitt Romney over coronavirus isolation: ‘Gee that’s too bad.... More »
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What Happens to Your Points When You Cancel a Rewards Credit Card? + MORE Mar 21st

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 car.... More »
AIR MILES Mega Miles was set to launch this week but has now been postponedThe ever popular AIR MILES Mega Miles event was slated to start tomorrow but it has now been postponed in light of COVID-19 situation in Canada. AIR MILES reached out to us this morning and provided the following:”As a result of the developments surrounding COVID-19, we have decided to postpone the MEGA MILES promotion currently planned to launch on March 19, 2020. As we continue to learn more about COVID-19 situation and respond accordingly, new dates have not yet been selected. We ask Collectors for their patience while we work on finalizing new dates for MEGA MILES. We will proactively communicate the new MEGA MILES dates when they are solidified.”AIR MILES also advised us that they will update the airmiles.ca/megamiles site with an FAQ later today.In some ways I’m not surprised they have postponed it given the current situation, I do hope however that AIR MILES and its sponsors come out with some healthy promotions for the type of shopping people will need to be doing over the coming weeks – groceries, drug stores etc…

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More Rewards Pile up the Points - Earn up to 20,000 bonus points for collecting at multiple partners until April 8More Rewards big promotion called Pile up the Points has returned until April 8. Last seen in August of 2019 this is the More Rewards equivalent of AIR MILES’ Mega Miles (which was officially postponed today) The promotion awards bonus More Rewards points when you shop or collect points from multiple More Rewards partners. Bonuses are awarded as follows:Shop at 3 Partners 2,000 PointsShop at 4 Partners 5,000 PointsShop at 5 Partners 20,000 PointsThese are the participating partners:Save-On-Foods, Urban Fare, PriceSmart Foods (Count as 1 partner)Petro-CanadaTMPanago PizzaJim Pattison Auto Group Speedy GlassAccent InnsCoast Hotels Vancouver Attractions Vancouver Hino Oxygen Yoga and FitnessMore Rewards Insurance (receive a quote or purchase)More Rewards Travel (valid only for cash purchases) Couple of notes for the promotion this time round. First, their three grocery store brands only count as one partner, last time they were all separate partners. Second, given the current situation in our country and globally it will probably be tough to get to 5 partners…

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Scotiabank raising points requirements for some non-travel redemptions including Points for Credit on May 4Of course only a few days after we put up our post “In light of what’s going on in the world should you shift to a cash back credit card instead of a travel card? Why not a card that has both?” we come to find Scotia Rewards is changing many of their Pay for Credit rates (aka cash back rate), Gift Card rates and Apple/Best Buy Catalog redemption rates. Guess this change was announced back in January and we missed it and Scotia didn’t let us know either. In our piece from earlier this we really focused on the Pay with Points option that many travel rewards and proprietary credit card programs provide as a great stop-gap redemption item in the new world we live in right now. This is where you get to redeem points against almost any purchase you make with a card but still have the choice to redeem for travel or other options. And in our piece we touted that Scotia Rewards was a really good option for paying down your credit card balance to help with your finances and that got devalued – well as of May 4th it does…

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