All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
7X Aeroplan points on select travel purchases for CIBC Aeroplan cardholders Apr 29th
A great new bonus offer and discount promotion is now available for holders of CIBC Aeroplan co-brand credit cards. Cardholders who register their cards for this offer will be able to earn 7x Aeroplan points on select travel purchases. Cardholders can also avail of a 15% off discount code for Air Ca.... More »
Chase Marriott Premier Cardholders receive exclusive offer for the Starwood Preferred Guest Credit Card from American Express + MORE Jan 20th
The news that broke earlier this week wasn't good. Chase Bank is deciding to leave to Canadian market which means their two credit cards that cardholders could still use, the Marriott and Amazon Visas are being discontinued.The good news for those who hold the Chase Marriott Premier Visa is that Mar.... More »
Marriott Gold and higher members can earn 3,500 bonus points per night for stays at any of three Toronto Airport Marriott Hotels + MORE Jul 27th
A few weeks ago we brought you an offer for stays at three Marriott Hotels in the Toronto Airport area. That offer is for 2,500 bonus Bonvoy points but it turns out that is for basic and Silver elite Bonvoy members. If you happen to Bonvoy Gold or higher elite status with Marriott then y.... More »
Earn 5,000 bonus points for stays at Hyatt All Inclusive Resorts, an Air Canada discount code from American Express & the best Visa credit cards + MORE May 11th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposit.... More »
Nova Scotia's credit rating downgraded amid deficit concerns - CBC + MORE Feb 1st
Nova Scotia's credit rating downgraded amid deficit concerns CBC.... More »
The second fastest growing type of debt in Canada is a high-interest, subprime, unsecured, short-term loan called an instalment loan. Marketed to people with bad debts and poor credit, instalment loans carry interest rates as high as 59 per cent. But the true cost can be much higher.
Are Your Borrowing Habits to Blame?
– ratesupermarket.ca
It’s no secret that the bargain-basement cost of borrowing in Canada tempts consumers into taking on more debt; it’s a great time to apply for a mortgage, line of credit, and other types of variable-based loans. But that isn’t stopping most of us from racking up our credit cards – the most expensive debt out there.
Read on for the findings from our recent Debt Denial survey – and what’s potentially to come for mortgage borrowing in Canada.
INFOGRAPHIC: 27.5% of Canadians are in Credit Card Denial
When it comes to understanding our debt, over a quarter of Canadians are getting it wrong. Our Debt Denial study finds the truth about how our credit card balances stack up to the national average – and it isn’t pretty.
Check out our infographic and calculator to see if YOU are in debt denial!
Read Penelope’s Blog | 27.5% of Canadians are in Credit Card Denial
Low Oil Leads to Slower Home Sales: CREA
Sliding oil prices have finally caught up with Canada’s housing market; the latest numbers from Stats Can and the Canadian Real Estate Association find sales activity slowed this month by 3…
Feb 26 Update: New Marriott Rewards points expiration policy, KLM extends Business Class sale, 15 bonuses left in our exclusive promo on FFB!
– RewardsCanada.ca
Here is our final update of the week and for February! News, Tips & Tricks More bad news from Marriott Rewards. They have now announced that they will enforce their point expiry policy. All points will now be forfitted if you don’t have at least qualifying activity action within a 24 month period. What qualifies? Paid stays, Award stays, Marriott Credit Card purchases, earning with program parnters, purchasing points or holding a meeting or event that qualifies. What doesn’t qualify are gifting or transferring points, receiving points as a gift or transfer, earning points through social media actions. This change kicks in on February 1st, 2016 so you have nearly a year to save your points if you haven’t had a qualifying action since January 31, 2014. Is this huge? Not really, most hotel programs do have some sort of account inactivity period as do most airlines but still for those of you who don’t use Marriott Rewards very often your points may disappear if you don’t do anything about it…
