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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Podcast Episode 106: Credit cards that help you avoid those dreaded airline fees Jul 19th
In this episode we return to our Everyday Value Series with a look at credit cards that help you avoid those dreaded airline fees! Whether you are paying to check luggage, select seats, parking at the airport or accessing business class lounges these cards can help you save on those fees. Click Here.... More »
Top Canadian Credit Card Issuers Cut Interest Rates and Pause Planned Hikes Apr 13th
The COVID-19 pandemic has swept many Canadians into unanticipated financial uncertainty. Mass temporary layoffs and job losses have left hundreds of thousands of people wondering how they are going to pay their rent and credit card bills in the coming months.
While the federal government is taking .... More »
March 10 Update: Up to 750 Bonus Miles when you shop online via AIR MILES Shops & CIBC clarifies the Aventura NEXUS credit + MORE Mar 11th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. There's some big bonuses for shopping online via AIR MILES Shops. Until March 28 when you shop at multiple online retailers you can earn bonuses.... More »
'Pay It Plan It' from American Express: Fees, tips; is it worth it? + MORE Mar 7th
"Pay It Plan It" is a flexible payment option offered by American Express in some personal credit cards. Is it worth it? Here's everything you need to know, including fees and tips..... More »
Air Canada Aeroplan and Chase are launching a co-branded Mastercard in the U.S. Dec 14th
This post is for our readers from the U.S. and of course for our Canadian readers who play the U.S. credit card game! Air Canada just announced they will be partnering with Chase in the U.S. to offer am Air Canada Aeroplan Mastercard in the U.S. This will mark the airline program's reentry into the .... More »
Amex Membership Rewards to the new Marriott Rewards/Starwood Preferred Guest program conversion rate is here!
– RewardsCanada.ca
A question that has been asked by many and to which I have not had the answer to is ‘What will the Membership Rewards conversion rate be to the new Marriott/SPG program”! Many American Express cardholders (primarily Cobalt and Gold Rewards Card) have been wondering this and now we have the answer:We now know that the conversion ratio will be 1,000 Membership Rewards points to 1,200 new Marriott/SPG points. (Source American Express website) How does this compare to the current rates? It is a slight devaluation but not too bad at all. The current transfer rate is 2 Membership Rewards points = 1 Starpoint, which equates to 3 Marriott Rewards points. To compare apples to apples, currently 1,000 Membership Rewards Points will net you 1,500 Marriott Rewards points and for the new program you will only get 1,200 Marriott/Starwood points. This is a 20% devaluation and while all devaluations aren’t good it’s not as bad as some had predicted but not as good as other predicted. Some people were thinking it would drop to 1:1 (1,000 Membership Rewards points = 1,000 Marriott/SPG points) while myself was being hopeful they would keep the equivalent of the current rate and go 1:1…
