How to go about securing the best rate and plan for your credit card in Canada.
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RWRDS Daily Update – December 9 + MORE Dec 10th
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. New Amex Offers for Crave and Hello Fresh New Amex Offers came out today that offer statement credits for purchases made with Crave and HelloFresh: Spend at least $.... More »
“I have receipts”: Why you need to keep Canada income tax documents + MORE Feb 6th
Ask MoneySense
What receipts are required to submit/save for one’s personal tax return? I’m trying to trim the amount I need to put together to submit my taxes.
—Pepper
Keeping receipts for income tax claims
If you’re claiming any kind of tax deduction or credi.... More »
RWRDS Daily Update Dec 6: You can now redeem Aeroplan points for LCBO purchases + MORE Dec 6th
You can now redeem Aeroplan points for LCBO purchases and Earn 2x Scene+ points at Home Hardware until December 8, 2024. Check out today's points & miles updates here:
The post RWRDS Daily Update Dec 6: You can now redeem Aeroplan points for LCBO purchases appeared first on Rewards Canada..... More »
My credit score is 776 … and 815 … and 828?! + MORE Jan 11th
There have been huge changes to the credit scoring landscape in the past 15 years, and the average credit score is now at an all-time high. But I worry it's that way not because Americans are more creditworthy..... More »
This Week in RWRDS: January 13 – 19, 2024 Jan 20th
This week we discuss the transition timeline RBC has planned for integrating HSBC, look at a contest where you can win a trip to Tokyo and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Topics of discussion: RBC sets out.... More »
Canadian Tire Bank Branch To Expand With New Partner
– ratesupermarket.ca
You may have noticed recent headlines about Canadian Tire, your go-to hardware and home store, being on the hunt for a partner in the banking sector. the retail giant wants a credit card partner to share the wealth, and the risk, of its rapidly growing financial arm, which it says makes up $4 billion of its portfolio – more than eight per cent of its total revenue. Now, Canadian Tire wants to cut its vulnerability and find a financial partner.
“As a result of that work, we are now well-positioned to explore an arrangement that would allow us to increase our financial flexibility while continuing to enjoy the substantial contributions of our financial services business,” Chief Executive Stephen Wetmore said in a statement
Canadian Tire And The Bank Business
The Canadian Tire Financial services story starts in 1961, when it was called Midland Shoppers Credit limited. The company processed credit transaction for local retailers. Eventually, Canadian Tire bought them in 1968 and, in 1995, launched their own Mastercard…
5x Aeroplan Miles on all eSTORE purchases until August 18th
– RewardsCanada.ca
As a quick update to our Back to School shopping post earlier in the week, the Aeroplan eSTORE is running a very short promotion that comes just in time for Back to School Shopping. For all purchases made via the eSTORE until August 18th, Aeroplan member will earn 5x the Aeroplan Miles. No registration is required, simply shop online at the eSTORE!Your Best Options For Travel Rewards Credit Cards
– ratesupermarket.ca
Two credit card giants are battling for the right to carry Aeroplan rewards miles – but it’s current cardholders who are left waiting in the wings. Previously this summer, Aeroplan owner Aimia Inc. announced a new deal with TD, pending the expiry of their current credit card partnership with CIBC this December. It’s a move that would knock CIBC out as the leading provider of Aeroplan rewards – which it has been for decades – and the lender is not stepping back without a fight.
An Uncertain Future For Travel Rewards Customers
CIBC was given until this past Friday, August 9, to match Aimia’s new deal with TD, which includes paying 15 per cent more per mile and an upfront payment of $100 million to retain the partnership. However, CIBC is calling foul, stating on the deadline that these terms are invalid as Aimia had disregarded their right to first refusal under the current contract.
Currently, the two banks and rewards provider are trying to hash it out – according to a statement released by CIBC, the lender is looking to sell 50 per cent of their Aerogold portfolio, made up mainly of stand-alone credit card consumers, to TD…
