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News, Tips & Tricks One of our Twitter followers asked if Melbourne was on the list of cities that you can now use your WestJet dollars for. The answer unfortunately is no for Melbourne. We did provide a list to him of all the cities you can use your WestJet dollars for that Delta operates t.... More »
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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. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »

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Before It’s Too Late! Best Credit Card Welcome Offers of November 2019 Nov 1st

Rewards credit cards have many perks and benefits from cash back to VIP access, and a whole lot more. Choosing a card can be difficult with endless options available.   Do you pick a card with an annual fee? Low balance transfer? Travel rewards? No foreign transaction fees? Deciding which card .... More »
Canadian Customers Will Soon Have to Pay More to Use Certain Premium Credit Cards
Canadian customers will soon be subject to additional fees when paying for purchases with certain premium credit cards, now that Visa and MasterCard have entered into a settlement agreement stemming from a class action lawsuit that will see both companies make changes to their “No Surcharge Rule”.
In 2011, Canadian merchants filed a lawsuit alleging that Visa and MasterCard rules forced retailers to accept all credit cards as payment, including cards that charge higher retailer fees for each transaction. The rules also forced retailers to bear the full weight of the merchant fees as they are not allowed to surcharge customers who use premium cards.
After discussions with the federal government, Visa and MasterCard agreed in 2014 to voluntarily reduce the fees for five years.
Earlier this week, however, both credit card corporations entered into a settlement agreement, in which they agreed to pay $19.5 million each and allow merchants to add limited surcharge fees when accepting premium credit cards as payment from consumers…

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Why everyone feels like they’re in the middle classMost Canadians think of themselves as middle class. In fact, the term is so elastic that politicians know they have just about everybody’s ear when they talk about “middle class” goals and aspirations. We think they are talking to us, whether it’s about wage increases, debt, taxes, or savings vehicles to help us save for our kids’ post-secondary education.
How do we define the middle class? Depends on who you talk to. Bank of Canada governor Stephen Poloz last year said the term applies to those people who hold most of their wealth in the equity of their homes. Meanwhile, Prime Minister Justin Trudeau described the typical middle-class Canadian family as one with $90,000 in household income.
According to Nora Spinks, chief executive officer of The Vanier Institute of the Family in Ottawa, it’s misleading to simply look at the middle class as an income bracket. “Whether you think you’re middle class really depends on where you come from and what you aspire to be.”
So who are these middle-class Canadians and what defines them, besides income level? Is it the fact that they have children? A good education? A good job? Or something else?  For many it is all about total wealth, not just income…

Continue Reading On moneysense.ca »

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