All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Transunion Vs. Equifax: Why Is There a Difference in Your Credit Scores? + MORE Aug 24th
In Canada, there are two credit bureaus that financial institutions use in the credit scoring process: Equifax and Transunion. But while the two companies serve a similar purpose, each one will give you a different credit score. In this article, I’ll explain why that is, and show you how you can g.... More »
The new CIBC Aeroplan® Visa Infinite* Card offer is 10,000 Bonus Aeroplan Points and a buddy pass for travel in North America including Hawaii & Mexico + MORE Nov 9th
The last set of cards we look at early this morning (or late at night for those out West like us) are the CIBC Aeroplan cards. We start with their mainstay card - the CIBC Aeroplan® Visa Infinite* Card which is CIBC's equivalent card to the TD® Aeroplan® Visa Infinite* Card and replaces the vener.... More »
April 25 Update: 12 new confirmed Amex Cobalt multiplier locations and a new Amex Offer for Mirvish Productions + MORE Apr 26th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Be sure to subscribe to the Rewards Canada News email newsletter so that you don't miss out on any loyalty program news and offers! You can subscribe to the ne.... More »
In Somalia Meteorite, Scientists Discover 2 Minerals Never-Before-Seen On Earth - NDTV + MORE Nov 30th
In Somalia Meteorite, Scientists Discover 2 Minerals Never-Before-Seen On Earth NDTVSomalia meteorite: Joy as scientists find two new minerals BBCNew minerals discovered in massive meteorite may reveal clues to asteroid formation Phys.orgIn meteorite, Alberta researc.... More »
Top 5 Small Business Credit Card Sign Up offers for April - These cards provide the best value out of their welcome bonuses + MORE Apr 13th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As a.... More »
April 26 Update: Changes coming to the Scotiabank Gold American Express and Momentum Visa Infinite Cards, PC Optimum redemption bonus event this weekend & more!
– RewardsCanada.ca
If you read Red Flag Deals or Reddit you may have seen news about upcoming changes to the Scotiabank Gold American Express Card and Scotia Momentum Visa Infinite Card. We are working on getting more details of the changes and have a call with Scotia next week about them and will follow up with a post with all the details. It does seem the details that were leaked and revealed on RFD a couple of days ago of the changes coming on August 1st are legit. Here are the images that are being shared:Scotia is really upping their game again and really making the claim as Canada’s rewards bank more of a reality- the Scotiabank Gold American Express seeing 5x points (still capped at $50K) and No Foreign Transaction fee makes this card even better. In fact it is a big time Cobalt challenger if you don’t need to convert points to Marriott. It does surprise me as they are also now competing against their own Passport Visa Infinite Card with the no foreign transaction fee and better earning! I’m guessing Scotia wants clients to carry both cards and in reality that can make a lot of sense…What Should You Do With Your Tax Return?
– ratesupermarket.ca
Getting a bit of extra money is always a bonus, and it turns out the average tax return in Canada is around $1,600. In 2019 so far, the CRA reports the average tax return at $1,614. So if you get a refund, what should you do with it?
If you decide to invest it, what’s the best vehicle? A lot depends on your appetite for risk, your investment experience and your overall financial status. Here are some basic things to think about when it comes to some of the most common options: GIC, RRSP contribution, TFSA, playing the stock market or having a little fun.
Debt Reduction: Pay off Credit Cards
If you have high-interest credit cards with a balance owing it might be most prudent to pay those down. Reducing high-interest consumer debt makes it easier to pay down your debts overall, and frees up money in the future for other investments.
Playing it Safe: GICs and Savings Accounts
A guaranteed income certificate (GIC) is just that: guaranteed. For a modest investment you’ll get back your principal and a set return…
