Cautious optimism for federal plan to let rent count toward credit scores + MORE Apr 1st

New Amex Offers statement credit offer for Disney+, a New Status Match Offers Page on Rewards Canada & Catch up on the Rewards Canada Podcast. Check out today’s points & miles updates here:
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Today, Rewards Canada is pleased to announce Canada’s best credit cards as ranked across 100 categories. This latest credit card ranking endeavour from Canada’s original loyalty and credit card resource marks a big step in the evolution of “best of” lists. As one of the originators of credit card rankings in Canada, Rewards Canada published […]
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The federal government’s commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns. 

The plan to make the practice more widespread is encouraging, said Andrew Graham, chief executive of Borrowell.

“We’ve been saying for a couple of years now, how important it is for consumers to be able to report rental payments to build up their credit history, so I was pleased to see the government taking some action.”

Prime Minister Justin Trudeau said Wednesday that there’s something fundamentally unfair about paying $2,000 a month for rent, while those paying the same amount toward a mortgage earn equity in their home and build their credit score.

He said the government wants landlords, banks and credit bureaus to make sure rental history is taken into account on credit scores, giving young first-time buyers a better chance at getting a mortgage, with a lower interest rate…