Calmena Energy says key lender seeking to put drilling company into bankruptcy + MORE Jan 20th

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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Introducing the Capital One® Aspire Travel™ World Elite MasterCard® + MORE Feb 26th

As many of you are aware now, the Capital One® Aspire Travel™ World MasterCard® has been replaced by the new Capital One® Aspire Travel™ World Elite MasterCard®. The card has been out for a few weeks and this is our introduction of it to you, the readers of Rewards Canada.There was a lot of .... More »
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REMINDER The credit card to consider getting right now - August 2022 + MORE Aug 23rd

We continue our monthly feature where we recommend a card to consider applying for right away during the course of the current month.  How do we pick which card should be highlighted? We'll look at numerous factors however in most cases it will primarily be due to the limited time offer on .... More »
 air miles

Top 5 Credit Card Sign Up offers for July + MORE Jul 3rd

Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of July! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should always t.... More »
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March 4 Update: Earn 5x Miles for Aeroplan eStore purchases, Aer Lingus postpones Montreal route until 2020 & Air Canada Worldwide Seat Sale + MORE Mar 5th

Check out the latest Aeroplan eStore bonus that offers 5x Aeroplan Miles for shopping at over 170+ retailers! This offer runs until March 10 Find out more here. The much anticipated route launch by Aer Lingus between Montreal and Dublin has now been shelved until 2020. Citing delays of their new A.... More »
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Capital One® Aspire Travel™ World Elite MasterCard® Review + MORE Apr 23rd

This post is a duplicate of the actual review posted on the main Rewards Canada website.After many years of being one of the very best cards in Canada, Capital One® changed up their Capital One® Aspire Travel™ World MasterCard® to the Capital One® Aspire Travel™ World Elite MasterCard® e.... More »
Jan 19 Update: Visa Infinite Privilege adds benefits at YOW, WestJet announces Calgary-Houston service, Etihad Guest is still an Amex transfer partnerA busy Monday to start off the latest week of updates here on Rewards Canada! News, Tips & TricksVisa Infinite Privilege cardholders (RBC, CIBC, TD) now get special airport benefits in Ottawa (YOW). Cardholders can now use a Dedicated VIP Priority Lane entrance at the Domestic/International checkpoint in the airport and also get dedicated parking spots on a first come first serve basis. Cardholders also receive 15% off standard parking rates.WestJet announced some new routes today for flights in Canada and to the U.S.. First WestJet Encore is expanding further out East with new flights between Halifax and Deer Lake, Gander and Sydney Nova Scotia and out west they will add Calgary-Terrace and Edmonton-Abbotsford routes. Additional new summer routes include Halifax to Ottawa and St. Johns as well as Ottawa to Moncton. There will also be new Toronto-Gander service and possibly the biggest and most interesting route out of the announcements is Calgary to Houston starting this September! (Source WestJet)For the next three days you can earn 80 bonus Air Miles when you spend $40 or more at Rexall…

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Milos Raonic: How I learned to save 90% of my income

(Raina + Wilson)
I approach building good money habits the same away I approach my tennis game: In a slow, disciplined way, with lots of short-term goals that are part of a long-term plan.
My initial lessons on budgeting and saving started when I was just 10 years old. My parents would drive me to tennis tournaments several hundred kilometers away from my home in Thornhill, Ont. They paid for everything, but I handled a lot of the actual transactions. I would swipe their credit card for all purchases on the road—gas, coffees, meals, lessons, and other routine expenses—and those costs quickly added up. I learned that someone needs to pay and I knew one day soon, it would be me.
So in my teens I began to save 90% of all the income I earned from playing. I know that’s a lot, but it was my rainy day savings plan. The day would come when I’d have to start paying for all my competition expenses. As I got older, the day would also come when I’d have to stop playing tennis…

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CALGARY – Calmena Energy Services Inc. (TSX:CEZ) said Tuesday its senior lender has applied to put the drilling company into bankruptcy.
The company has been in breach of its debt covenants for several months but was given until Jan. 15 to make its payments.
Calmena said it received formal notice on Monday that its secured lenders would seek to seize Calmena’s assets through the Bankruptcy and Insolvency Act if it’s not paid within 10 days.
The Calgary-based business owes about $16.6 million under its senior credit facilities which are secured by all of its assets in Canada, the United States and Mexico.
Calmena said Monday all five members of its board of directors tendered their resignations, effective at the close of business Jan. 15.
Trading in Calmena shares on the Toronto Stock Exchange have been suspended from trading and the TSX is reviewing the stock’s eligibility for listing. They last traded at half a cent on Friday, giving the company a market value of about $1…

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Reminder: Always register for promotions as soon as you learn about themFor as long as I can remember, well not really, but since mid 2005 when I posted our first ever article on Maximizing the Miles and Points you earn, I have stressed that you should register for each and every promotion right when you become aware of it, even if at the time you may not think you can take advantage of it. I reiterate it time and time again and even in our 2011 update of the Maximize your Miles article.Screenshot from our 2005 articleAnd here is proof of why you should do so. In September 2014 American Express sent out emails to members offering a $100 statement credit when spending $500 or more in a single Fairmont Hotels transaction. I registered for the offer right away (on both my American Express Gold Rewards Card and The Platinum Card from American Express) not knowing if and when I would be able to use the offer since some of my Fairmont stays are below the $500 level for this promotion. Well December rolls around and I still need to get one more stay at Fairmont to earn Platinum Status (via the accelerated offer provided by The Platinum Card from American Express) and we decide as a family to stay at the Fairmont Banff Springs once again just before the New Year…

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