How to go about securing the best rate and plan for your credit card in Canada.
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Great Transfer bonus from Coast Rewards to Aeroplan! Earn up to 300,000 Bonus Aeroplan Miles + MORE Oct 5th
We last saw an amazing transfer bonus from Coast Rewards to Aeroplan way back in March of 2015 (read here) where you could transfer 12,500 points from Coast Rewards to get 50,000 Aeroplan Miles. The new offer works a little differently but if you have hoarded your Coast Rewards points then you are i.... More »
Aeroplan IHG Hotels Boxing Week offer - 4x miles if you book by Dec 31 for stays until Apr 30, 20 + MORE Dec 22nd
Not only does Boxing Week mean bonuses from Aeroplan from their eStore (see our post from earlier today) but also some bonus miles for IHG stays! The Boxing Week Aeroplan IHG offer is a great bonus of 4x Miles! Simply register for the offer and book your stay by December 31st to earn 4x miles on all.... More »
Mogo Platinum Prepaid Visa earn rate will be bumped up to a flat 2% as of June 1 + MORE May 29th
Great news in the world of prepaid credit cards - Mogo will be increasing the cash back rate for their Mogo Visa* Platinum Prepaid Card to a flat 2% as of June 1. Currently the card earns 1% Bitcoin cashback on purchases in Canada and 2% for foreign transactions. For anyone who has this card o.... More »
November 11 Update: Hotel Belmont Vancouver to join Accor Hotels and Best Western Rewards extends status for all elite members to 2023 Nov 12th
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 .... More »
Earn up to 15,000 bonus Aeroplan points on Air Canada flights to Tokyo Nov 5th
Japan recently relaxed their entry restrictions and more travelers are considering travel to the Land of the Rising Sun. And what better way to try to sway them to fly with you than a big points bonus. That’s exactly what Air Canada is offering for the slower winter season with up to 15,000 bo.... More »
100 Bonus AIR MILES Rewards Miles (+Double Miles) when you join Hilton HHonors and complete your 1st stay
– RewardsCanada.ca
Air Miles and Hilton have teamed up for this new bonus! If you aren’t a Hilton HHonors member yet now would be the time to join if you know you’ll complete a Hilton family of hotels stay during the promotional period. This offer can be combined with the current Double Points or Miles offer from Hilton HHonors that you can register for separately after you join HHonors via the Air Miles exclusive link below.Offer Details100 Bonus AIR MILES Reward Miles when you join HHonors and complete your first Hilton stay anywhere in the World. Full details, online registration and booking (Registration is required) Until May 31, 15Here is a link to the Hilton Double Points/Miles offer as well:Double HHonors Points or Double Airline MIles for eligible stays at participating Hilton Hotels & Resorts Worldwide. Full Details, Online Registration and Booking (Registration is required) Here is the list hotels not participating Until May 31, 15Credit card code of conduct extended to mobile payments
– moneysense.ca
(Getty Images)TORONTO – Ottawa has updated the code of conduct governing credit and debit card transactions, including adding new rules relating to mobile payments.
Finance Minister Joe Oliver made the announcement at the Arts Market store in Toronto.
The new rules include a provision that says mobile payment users must be given full control of the default settings on their mobile wallets.
The new code also requires that reduced rates for credit and debit card transactions announced by Visa and MasterCard in November be fully passed on to merchants.
Merchants will also have more flexibility to exit their contracts without penalty.
The post Credit card code of conduct extended to mobile payments appeared first on MoneySense.
Federal government updates code of conduct to adds rules for mobile payments
– canadianbusiness.com
TORONTO – Ottawa has updated the code of conduct governing credit and debit card transactions, including adding new rules relating to mobile payments.
Finance Minister Joe Oliver made the announcement at the Arts Market store in Toronto.
The new rules include a provision that says mobile payment users must be given full control of the default settings on their mobile wallets.
The new code also requires that reduced rates for credit and debit card transactions announced by Visa and MasterCard in November be fully passed on to merchants.
Merchants will also have more flexibility to exit their contracts without penalty.
The post Federal government updates code of conduct to adds rules for mobile payments appeared first on Canadian Business.
Finance Minister Joe Oliver made the announcement at the Arts Market store in Toronto.
The new rules include a provision that says mobile payment users must be given full control of the default settings on their mobile wallets.
The new code also requires that reduced rates for credit and debit card transactions announced by Visa and MasterCard in November be fully passed on to merchants.
Merchants will also have more flexibility to exit their contracts without penalty.
The post Federal government updates code of conduct to adds rules for mobile payments appeared first on Canadian Business.
Earn Cash Back on Everyday Purchases with the SimplyCash Card from American Express
– canadianfinanceblog.com
Credit card reward programs have become increasingly complicated. As a result, it can be difficult to keep track of where you should be spending your money, and what categories will result in rewards. If you want a simpler credit card that is all about the cash back on everyday things, without the need to worry about an annual fee, the SimplyCash Card from Amercian Express is a great choice.
Cash Back for Daily Delights
According to a recent survey from American Express, 94% of Canadians say that the little things in life delight them. These are small pleasures, like finding money in your pocket or receiving a free upgrade when you check into the hotel. Many of us also enjoy the simple daily pleasures of a favorite cup of coffee, a good book, or the purchase of a new song. I know I like it when I’m able to sit down with a good drink and listen to some good music at the end of the day.
When you use the SimplyCash Card from American Express, you have the opportunity to earn unlimited cash back on everything you purchase, with no need to worry about special categories…
Basics of mortgage debt ratios
– moneysense.ca
Basics of mortgage debt ratios (Getty Images / Nigel Carse)Typically, mortgage lenders use the “Five C” rule when analyzing someone’s ability to afford a mortgage:
1) Capacity to repay (your income)
2) Current economic conditions (your profession’s current economic status as well as your city and country’s economic situation)
3) Capital put down (the down payment you provide, which is the amount of equity you’re offering to secure the asset)
4) Collateral (what the home is worth)
5) Character (your history of paying off debts, otherwise known as your credit history)
To qualify for a mortgage, lenders will examine two ratios:
#1. The GDS: Gross Debt Service is the percentage of the borrower’s income that is needed to pay all required monthly housing costs (mortgage payments, property taxes, heat and 50% of condo fees).
#2. The TDS: Total Debt Service is the percentage of the borrower’s income that is needed to cover housing costs (GDS) plus any other monthly obligations that an individual has, such as credit card payments and car payments…
