Credit card surcharges: How they work, rules + MORE Oct 9th

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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January 11 Update: Reminder of upcoming mbna Rewards changes (cash out now for cash back), up to 100 bonus AIR MILES from Shell & more! Jan 12th

A friendly reminder to those of you who have MBNA Rewards World Elite or Platinum Plus Mastercards about the cash back rate changing on February 1st. As of that time the rate is being devalued so you'll want to ensure you redeem for cash back prior to then to get the full value of the points. Othe.... More »

Will my credit score drop if I take over my friend’s internet account? Dec 28th

If you are assuming legal responsibility of an existing credit account with a negative history, that could affect your credit score. If it's a utility account, you may only see a small credit score hit from a hard inquiry..... More »

Credit card offers: Why you're not getting them in the mail anymore Nov 20th

As issuers move to cheaper, smarter alternatives to direct mail, you still have options to get access to the best credit card offers..... More »
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December 7 Update: 150 Bonus AIR MILES when you buy $150 Sobeys Gift Cards, 50% Bonus Asia Miles for Hotel Point Transfers & American AAdvantage Lowers Redemption Rates out of Canada + MORE Dec 7th

Sobeys and Safeway are offering 150 bonus AIR MILES Reward Miles when you buy $150 in Sobeys Gift Cards. There is a limit of 5 bonus offers per collector. I think I'm definitely going to take advantage of this. I'll buy them on my American Express Cobalt card to earn 5x points and when you add in.... More »
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April 26 Update: Changes coming to the Scotiabank Gold American Express and Momentum Visa Infinite Cards, PC Optimum redemption bonus event this weekend & more! + MORE Apr 27th

If you read Red Flag Deals or Reddit you may have seen news about upcoming changes to the Scotiabank Gold American Express Card and Scotia Momentum Visa Infinite Card. We are working on getting more details of the changes and have a call with Scotia next week about them and will follow up with a p.... More »
Many businesses impose surcharges when customers use a credit card for under a certain amount. However, there are laws in place to protect you from being charged extra unfairly.

Continue Reading On creditcards.com »

Cardholders are most likely to pay fees if they pay late, take out a cash advance or carry a balance, according to the 2018 CreditCards.com Credit Card Fee Survey.

Continue Reading On creditcards.com »

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