All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Aeroplan Availability Alert: Lie flat business class between Edmonton & Toronto in March 2024 Dec 20th
Air Canada has upgraded one of their four daily flights between Edmonton and Toronto to an internationally configured Airbus A330-300 aircraft for the majority of March 2024. With the addition of this widebody aircraft has come availability to fly in Premium Economy and in Business Class with lie fl.... More »
Four Marriott Hotels will open in Canada in the next month, small changes for the Platinum Card International Airline Program & redeem Mileage Plan miles for Air Tahiti Nui flights + MORE Jun 30th
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 Scotiaank Gold American Express Card which you can earn up to 45,000 bonus Scene+ Rewards points in your first year wit.... More »
New offer for the CIBC Dividend Visa Infinite Card - 10% Cash Back for first 4 months & first year annual fee rebate + MORE Sep 10th
CIBC is taking on TD premium cash back offers with their own offer on their CIBC Dividend Visa Infinite card. CIBC's offer is pretty much a match to TD with 10% cash back on $2,000 in purchases (so up to $200 cash back) and waiving the first year annual fee on the card. The only difference bet.... More »
Priority Pass increasing lounge visit fee to US$35 for credit card issued memberships + MORE Aug 30th
Priority Pass is emailing members to advise of a price increase in their lounge visit fees. As of October 1, 2023 the per visit fee will increase to US$35 from the current US$32. This follows and matches the fee for non-credit card issued Priority Pass memberships that was already increased to US$35.... More »
Personalized credit card designs add whimsy to your wallet + MORE Aug 11th
A growing number of credit card companies allow you to personalize your card with a custom design, or your own photos.... More »
Best balance transfer credit cards: Summer 2016
– creditcards.com
Our panel of judges names the Citi Simplicity Card as the top balance transfer card for summer 2016
Would you pay less than $2 to find a good tenant?
– moneysense.ca
(Getty Images/Caspar Benson)What does getting a phone contract, buying a car and renting an apartment have in common? Each one will require a credit check—a glimpse into the detailed data that highlights whether or not you can be trusted to honour your contract and pay your bills.
But there’s a problem with the system of collecting credit score information. At present, your credit score is based on the FICO scoring system which was introduced in 1989 and consists of five major categories: payment history, types of credit used, new credit accounts, debts and your credit history. The problem, however, is that credit scores have become the go-to mechanism for establishing whether or not you’re a good customer—and they don’t always capture the truth.
“We have a situation where the credit score is now being needed for everything,” says Toronto paralegal Dan Barnabic, who represents clients in credit disputes. In the past, your credit score was intended solely to determine whether you could qualify for loans or credit cards, and at what interest rates and what limits…
The Best Credit Cards for First-Year University and College Students
– ratesupermarket.ca
Congratulations! You’ve graduated high school and now you’re taking the next big step in your life. Starting post-secondary education involves a lot of firsts – it may be the first time you’re living away from home, the first time you’re cooking for yourself, and perhaps the first time you have a job and are managing your own money.
When I began university, I remember many companies advertising student credit cards in the halls of my school. I desperately wanted one, mostly just so I could fit in and look cool. When my plain grey card finally arrived in the mail – some seven months later – I went out and dared to put $30 worth of charges on it. I didn’t care what its real purpose was or whether it had any perks. After all, I paid off my balance in full every single month and made sure I kept everything well under the card limit.
Now, 13 years later, I can thank that little grey card for teaching me a lot of financial responsibility. Because I paid all my bills on time and never incurred interest charges, my credit score is excellent…
