American Express Cobalt Card to have 5x points on Eats & Drinks capped at $30,000 per year starting this August + MORE Apr 9th

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?
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Canada’s best credit cards for travel insurance May 24th

These days, nearly all credit cards include some kind of travel insurance. Like purchase protection, it’s an easy add-on to entice customers, but savvy Canadians know that not all insurance is created equal. Most travellers really only need to consider a few kinds of coverage: emergency medical, t.... More »
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June 7 Update: Earn Delta SkyMiles for Ticketmaster Canada purchases, changes to the companion fare from the MBNA Alaska Airlines Mastercards & 14 new bonuses Jun 7th

Delta SkyMiles has teamed up with Ticketmaster and for a limited time you can earn 3 SkyMiles per $1 spent on eligible transactions. Surprisingly this offer isn't just for the U.S. as you can earn the miles on events in the U.S. OR Canada! That means here in Canada you'll earn the 3 SkyMiles pe.... More »

Need a Loan ASAP? Don’t Stress. Get Pre-Approved in Minutes Jun 25th

Looking for a personal loan? Let’s face it, circumstances can change unexpectedly. And, an emergency can pop up at the worst possible time. From an unexpected home improvement bill or tax liability to your kids asking for a loan, don’t stress it. Personal loans are a way to obtain the m.... More »

June 12 Update: Turo offer for Amex cardholders, new Centurion Lounge to open in Phoenix & Air Canada Business Class sale + MORE Jun 13th

American Express is sending out an offer to many of its cardholders for $100 off a Turo car booking. Check your email for your specific promo code. I received the offer for the personal Platinum Card.Rendering of the new PHX Centurion loungeAlso on the American Express front, the company has anno.... More »

Earning Stories: Completing the Wyndham Rewards Elite Status Match Challenge Jun 22nd

Back in the fall of 2018 Wyndham Rewards launched an elite status match offer to elite members of competing hotel chains. Earlier this year Rewards Canada's contributing road warrior Bill W  decided to try the status match and it's accompanying challenge to keep that status. Seeing that Bill st.... More »
How to Get More on Your Income Tax Return with the New Climate Action Incentive
The federal government’s Carbon Tax officially came into effect on April 1, increasing the costs of gasoline and fossil fuel consumption.
The tax was introduced in an attempt to encourage Canadians to use more environmentally-friendly and energy-efficient processes, though subsequently, a tax credit was also implemented as a way to offset these increased fuel costs.
The Climate Action Incentive (CAI) only applies to residents of Manitoba, New Brunswick, Ontario and Saskatchewan, since other provinces have already developed a carbon pricing program.
The amount received from the rebate is based on the province in which the claimant lives, as well as the size of his or her family.
The rebate can also only be claimed by one person per household on 2018 income tax returns, meaning you can receive savings even though the Carbon Tax was only introduced this year.
In Ontario, for example, a single person will reportedly receive $154, and a family of four could be eligible for $307. In other provinces,
A single person can receive:

Saskatchewan: $305
Manitoba: $170
New Brunswick: $128

A family of four can receive:

Saskatchewan: $609
Manitoba: $339
New Brunswick: $256

Even if your income falls below the taxable amount, those who file a nil tax return will still receive some CAI…

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Lending Loop Review: Peer-to-Peer Lending in CanadaPeer-to-peer lending (P2P) has been around for a long time, exploding in popularity in recent years with advances in online technology. An investment vehicle once limited to large corporations and institutional investors, it’s now available to regular investors like you and me.
With a mandate of supporting Canadian small business, while also providing fixed income investors with an alternative to the GIC products offered by banks and credit unions, Lending Loop has established itself as Canada’s premier peer-to-peer lending platform. There are other competitors, but they deal exclusively with large, institutional investors.
In this article, I’ll show you how to use Lending Loop as an investment platform, by pooling your funds with thousands of other lenders, with the potential of earning attractive rates of interest on your money. The best part is that you can get started with as little as $200, and signup is completely free.
I’ve invested a small amount of test money with Lending Loop and really like it…

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American Express Cobalt Card to have 5x points on Eats & Drinks capped at $30,000 per year starting this AugustIf you follow Rewards Canada on Twitter you’ll have seen this news late last week. On Thursday Anshul at Points, Miles and Bling alerted us to a Reddit thread where someone who just received a new American Express Cobalt Card and the welcome package contained an insert. This insert stated that as of August 20, 2019 the card would earn 5x points on the Eats & Drinks for annual spending up to $30,000. After that amount the earn rate drops to 1 point per dollar. and the $30,000 annual cap resets to zero on the card anniversary date. I emailed American Express on Thursday night and received a response around the same time the American Express social media team on Twitter confirmed this change.This is not the news any of us like to hear that what was once heralded as unlimited earning and a major reason this card is ranked number one in Canada, is now being curtailed. I did wonder, as many others did, how could American Express offer 5x unlimited points on the eats and drinks category and many speculated it wouldn’t last and they were right…

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Should You Apply For a Loan or Line of Credit?
Banks offer a variety of products to give you access to cash. But is every borrowing option the same? If you’re weighing the alternatives, you may struggle with the choice between a loan and line of credit. Only you can decide what’s best for you, but there are some factors to consider. Those include your personal spending habits and your plans for the extra source of funding. 
What’s the Difference? 
Once you’re approved for a line of credit, you don’t have to use it right away. The credit line is available for you to draw from as you need, but you’ll have to make regular payments on any balance. It’s considered a revolving form of credit, where you get the available credit back after you’ve made the agreed upon payments. Some lines of credit only require that you pay the interest on any outstanding balance.
A loan typically comes as cash in one lump sum. You pay it off in fixed installments. Once it’s paid off, it’s paid off…

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April 8 Update: Porter Airlines launching flights to Muskoka & 11 new bonus point and mile offersPorter Airlines is launching summer seasonal service between Billy Bishop Toronto City Airport and Muskoka Airport. The service which starts June 27 will operate twice per week until September 3. Find out more herePosts since our last update:American Express Cobalt Card to have 5x points on Eats & Drinks capped at $30,000 per year starting this August If you follow Rewards Canada on Twitter you’ll have seen this news late last week. On Thursday Anshul at…Podcast Episode 53 is here! Interview with Suzanne Tyson founder of HigherEdPoints on how you can use loyalty points to pay for tuition and student loans Episode 53 – April 4, 2019 Interview with Suzanne Tyson, founder of HigherEdPointsThis week we catch up with Suzanne…HSBC World Elite Mastercard – Up to 60,000 bonus points + first year annual fee waived (90,000 points + annual fee for Quebec) HSBC launched a new acquisition offer for their World Elite Mastercard this month. This offer stands out over the…Travel Deals  To celebrate the launch of the Muskoka service, Porter Airlines is offering 30% off flights to/from Muskoka when using promo code U6B8FB…

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