All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Clash of the Credit Cards! BMO Ascend World Elite Mastercard vs. TD First Class Travel Visa Infinite Card Jan 27th
Welcome to another Rewards Canada Clash! This time in our Clash of the Credit Cards we have two flag ship proprietary rewards cards battle it out! Those cards are the BMO AscendTM World Elite®* Mastercard®* and the TD First Class Travel® Visa Infinite* Card. In this match up we look at over half .... More »
New limited time welcome bonuses for Tangerine credit cards - Earn a $250 bonus when you spend $5,000 within three months + MORE Feb 1st
Tangerine released new limited time increased sign up bonuses today for their Money-Back Credit Card and Tangerine World Mastercard® cards. If you apply for the card by March 31 you'll get $250 cash back when you spend $5,000 on either of the cards with the first three months of having them (well 9.... More »
Retired? No mortgage for you: How the stress test is making it tougher to borrow later in life Nov 4th
Many people are shocked to discover that the amount they can borrow decreases drastically when they retire because the stress test looks at your income..... More »
RWRDS Daily Update July 8: Amazon Prime Day bonuses from Aeroplan & AIR MILES and New mid-week AIR MILES Flash Offers at Pharmasave and Shell + MORE Jul 9th
Amazon Prime Day bonuses from Aeroplan & AIR MILES and New mid-week AIR MILES Flash Offers at Pharmasave and Shell. Check out today's points & miles updates here:
The post RWRDS Daily Update July 8: Amazon Prime Day bonuses from Aeroplan & AIR MILES and New mid-week AIR MILES Flash Of.... More »
Meridian Credit Union no longer accepting new credit card applications and a new Guide to Amex's International Airline Program + MORE Aug 9th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. According to a thread on RFD, Meridian Credit Union has stopped accepting new applications for their cards as they will be changing providers in the fall. The.... More »
Third Avenue Management ripples hit global credit, bond risk soars
– theglobeandmail.com
Money manager halts redemptions from high-yield fund while Lucidus Capital Partners liquidates portfolio, putting market ‘in a tantrum’
Why proprietary credit card reward programs are the best option for most Canadians
– RewardsCanada.ca
This feature article was posted to the main Rewards Canada website last Wednesday December 9th right before our computer crashed. Hence not much action here on Rewards Canada since then!As much as Canadians love their reward programs there are two universal truths: a.) It takes too long to accumulate meaningful points and b.) There are never enough flights available when you want to travel.While I’ve written and conducted numerous media interviews on the topic, the best advice I can offer is to understand your options.At their core, true frequent flyer programs such as Aeroplan are all about rewarding your travel behavior. Sure you can earn miles through your credit card spend but the bulk of your earning power is still associated with travel.The AIR MILES Reward Program funny enough is less about frequent travel and more of frequent shopping. You earn a bulk of your miles by shopping at partner retailers, taking advantage of bonus offers and double or triple dripping by using your associated credit card…Canadian household debt level rises
– moneysense.ca
OTTAWA – The amount that Canadians owe compared with their disposable income rose in the third quarter.
Statistics Canada says the amount of household debt compared with disposable income rose to 163.7 per cent compared with 162.7 per cent in the second quarter.
That means the average household has roughly $1.64 in debt for every dollar of disposable income.
The increase came as disposable income increased 0.8 per cent, while household credit market debt grew 1.4.
Total household credit market debt, which includes consumer credit, and mortgage and non-mortgage loans, reached $1.892 trillion.
Consumer credit debt was $572.3 billion, while mortgage debt stood at $1.234 trillion.
How to get out of debt »
The post Canadian household debt level rises appeared first on MoneySense.
Statistics Canada says the amount of household debt compared with disposable income rose to 163.7 per cent compared with 162.7 per cent in the second quarter.
That means the average household has roughly $1.64 in debt for every dollar of disposable income.
The increase came as disposable income increased 0.8 per cent, while household credit market debt grew 1.4.
Total household credit market debt, which includes consumer credit, and mortgage and non-mortgage loans, reached $1.892 trillion.
Consumer credit debt was $572.3 billion, while mortgage debt stood at $1.234 trillion.
How to get out of debt »
The post Canadian household debt level rises appeared first on MoneySense.
'Smart chip' debit cards transition going slowly
– creditcards.com
Chips are coming to debit cards, too, but even more slowly than the change to EMV credit cards. Here are the seven things you need to know about the debit chip transition.
