Credit Card Perks: Extended Warranty and Purchase Protection + MORE Jun 12th

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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Today only - Earn 10x AIR MILES Reward Miles site wide for online purchases made via AIR MILES Shops + MORE Dec 16th

 If you haven't completed all your Christmas shopping yet take a look at getting some of it done today as AIR MILES has brought out a one day flash offer of 10x miles site wide on airmilessshops.ca! As long as your purchase meets the minimum requirement for earning at least 1 AIR MILES Rew.... More »
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November 27 Update: Aeroplan contest winners, 40,000 bonus Be Well points at Rexall and tell us your Mobile Device Insurance stories + MORE Nov 28th

The "Big Five" Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options? November 27 Update: Aeroplan contest.... More »
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Canada’s Best Credit Cards for People with Bad Credit 2020 + MORE Jul 17th

Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. Used properly, it .... More »
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RBC credit card holders can now earn extra Be Well points for shopping at Rexall + MORE Jan 14th

CORRECTION: Thanks to long time Rewards Canada reader Harry B. for pointing out that you earn 50 points in total with your RBC card and your Rexall Be Well account. Not the 50 points + 10 points as we first published. Per the email sent out from Rexall you earn 40 points from your RBC card and 10 po.... More »
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September 2 Update: 50,000 bonus PC Optimum points for Shoppers Drug Mart online purchases, 50,000 bonus Be Well points on Thursday and earn 150 AIR MILES on a free hearing test + MORE Sep 2nd

Today and tomorrow you can earn 50,000 bonus PC Optimum points when you spend $150 or more online with Shoppers Drug Mart. Those 50,000 points are worth $50. Find out more here. Image via Shoppers Drug Mart Meanwhile Rexall will also be awarding 50,000 bonus points on beauty products but on Th.... More »
American Express AeroplanPlus cards see limited time enhanced earn rates on all purchasesYet another boost for American Express cards. This time it’s for their AeroplanPlus cards. American Express let us know that “Both AeroplanPlus Platinum and AeroplanPlus Gold Cardmembers are eligible for the enhanced earn rates. AeroplanPlus Platinum Cardmembers can take advantage of a limited time enhanced earn rate of 1.5 Miles for every $1 in eligible purchases and AeroplanPlus Gold Cardmembers can enjoy 1.25 Miles for every $1 spent until August 31, 2020.”These are the some of the highest everyday earn rates for any cards in Canada that directly earn Aeroplan Miles (co-brand card) however it is still lower than The Platinum Card from American Express with its current double points on all purchases enhancement that sees it effectively earning 2 to 6 Aeroplan Miles per dollar spent until July 20. Nonetheless it is another great customer-centric move from American Express – they really have taken care of their cardmembers during this crisis. The fact that existing or new holders of AeroplanPlus cards will earn extra miles is awesome…

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Whenever the topic of debt recovery comes up, a lot of attention is given to the more extreme options, such as consumer proposals and/or bankruptcy. While I have written about these topics in the past, I always preface these products as a last resort. After all, if you’re struggling to manage your debt, there are often better solutions that won’t negatively impact your credit rating. One of those is the consolidation loan.
What Is a Debt Consolidation Loan?
A consolidation loan is a term reducing loan taken out for the purpose of gathering a number of debts into one manageable payment. Ideally, the interest rate on a consolidation loan will be less that what you’re currently paying on your other unsecured credit products. Most often, the debts that are included in a consolidation loan are from high interest, revolving credit products such as major credit cards, retail store cards, or unsecured lines of credit.
What Are the Advantages to Debt Consolidation?
Debt consolidation holds a number of advantages for borrowers…

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Credit Card Perks: Extended Warranty and Purchase Protection
When you read up on the particulars of credit cards, you might notice the terms “extended warranty” and “purchase protection.” Sometimes referred to as extended protection, purchase security, or purchase assurance. Most glaze over these perks and focus on points or rewards associated with the credit card in question. However, extended warranties and purchase protection can come in handy and can save you money on big-ticket items.
Extended warranties operate alongside manufacturer warranties, and purchase protection provides assurance for theft and damage.
What is an extended warranty?
Often when you purchase a product, you will receive a complimentary manufacturer’s warranty. Extended warranties are available from your credit card provider to extend the manufacturer’s warranty, which provides the consumer with additional coverage. If you purchase a product that doesn’t have a manufacturer’s warranty, an extended warranty will not apply.
An extended warranty will only cover products purchased using your credit card…

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New welcome offer for the National Bank of Canada World Elite Mastercard - $300 cash back with minimum spendNational Bank of Canada has released a new welcome bonus for the premier card in their portfolio – the NBC World Elite Mastercard. The provides new cardholders with the opportunity to earn up to $300 in cash back when you spend at least $6,500 on the card within the first four months of having it This bonus is over and above the regular points earn and other benefits that come with the card. To take advantage of this particular offer you must apply for the card by August 31, 2020.The NBC World Elite Mastercard is a this bank’s top card and it is a pretty good card overall. It doesn’t make it into the Top 5 of any of our categories in Canada’s Top Travel Rewards Credit Cards but it’s not that far out. I would definitely place it in the Top 10 of the Travel Points category in Canada.  The reason for this is that the card normally doesn’t have a welcome bonus, so this limited time offer is a welcome bonus! Pun intended. It also a bit weak in the rewards department when you line this card up against comparable offerings from other banks…

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What is a secured credit card?
A secured card is a specific type of credit card that requires applicants to make a cash deposit in order to be approved. The experience of using a secured card for everyday purchases is mostly the same as a “regular” credit card, and the deposit requirement makes secured cards extremely attainable and a good option for people who want to build their credit with a credit card but don’t qualify for traditional unsecured credit cards because of bad credit or a lack of credit history.
Ratehub’s best secured credit cards
Want to rebuild your credit with a secured credit card. Just input your income and preferences and the MoneySense Credit Card Finder will provide a comparison of some of the best secured credit cards in Canada from Ratehub’s partners.

 
To view more secured card options and MoneySense’s editor’s picks, read our blog on the best credit cards for bad credit in Canada.
How does a secured credit card work?
You pay a deposit upfront in order to be approved for a secured credit card…

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