All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Neighbor says case of found remains, detained teen is 'horrifying' - WTSP 10 News + MORE Nov 26th
WTSP 10 NewsNeighbor says case of found remains, detained teen is 'horrifying'WTSP 10 News15-year-old Logan Mott is a person of interest in the investigation of the remains found believed to be his grandmother. Alexander Osiadacz, WTLV 9:50 PM. EST November 25, 2017. Seagate Avenue home wh.... More »
Money management: What to do when COVID-19 debt payment deferrals are over + MORE Apr 1st
You remember last year when credit card companies and other financial institutions offered payment deferrals for people who needed the help? Well, those payments are coming due.
Beth works in real estate, and deferred both her credit card and mortgage payments for six months last year, after the C.... More »
Top 5 Small Business Credit Card Sign Up offers for June - These cards provide the best value out of their welcome bonuses + MORE Jun 7th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As a.... More »
Review: American Express Essential™ Credit Card + MORE Nov 24th
In August, American Express introduced the American Express Essential™ Credit Card to the Canadian marketplace. This brand new low-rate card differs from its competitors because of its 8.99% annual interest rate, whereas the majority of products within this category have rates ranging from 9.90 p.... More »
Average card APR climbs to all-time high of 15.29 percent: CreditCards.com Weekly Credit Card Rate Report + MORE Dec 28th
Dec. 28, 2016: Average rates on new credit card offers spiked again this week, according to the CreditCards.com Weekly Credit Card Rate Report..... More »
Video: Secured credit cards, explained
– creditcards.com
If your credit score is low, you can build your credit by using a secured credit card
May 9 Update: Expiring Miles question and answer, Porter Airlines discount code and three new Aeroplan hotel stay bonuses
– RewardsCanada.ca
News, Tips & Tricks We received the following question and thought it would be a good one to pass along to our readers if you missed Rob Carrick’s piece on AIR MILES expiry but we could see how someone could relate it to Aeroplan as the term “Air Miles” is quite generic despite the program’s presence:I read your interview with the Globe’s Rob Carrick about expiring Aeroplan points. My question is: how do you know if your miles are close to 5 years old? I accumulate points every year, and buy at least one flight a year, and have a 90,000 point surplus right now. How can I find out how many of those points are about to expire at the end of the year? Our response: Aeroplan miles technically do not expire unless you don’t use the program once per year (either earn 1 mile or redeem 1 mile), the article Rob wrote about was for the AIR MILES program as their miles expire every 5 years starting at the end of this year. So your 90,000+ Aeroplan miles are safe as it sounds like you are earning and redeeming every year! You can also read our article about expiring AIR MILES here…RBC, CIBC adopt Apple Pay; BMO says the tap-and-pay system coming soon
– canadianbusiness.com
TORONTO – The Apple Pay mobile payment system is adding several major Canadian partners, including at least two of the big banks.
Royal Bank (TSX:RY) and CIBC (TSX:CM) say they’ll accept Visa and MasterCard credit card payments through compatible Apple devices starting today and Bank of Montreal (TSX:BMO) says the feature is “coming soon.”
Apple Pay is also available to users with Interac debit cards issued by RBC and CIBC.
Interac says it’s working to bring Apple Pay to debit cards issued by all of Canada’s biggest banks, including Scotiabank (TSX:BNS) and TD (TSX:TD).
Apple’s tap-and-pay system was officially launched in Canada last November but without support from the big banks.
American Express was Apple Pay’s original credit card partner in Canada along with several major retailers.
The post RBC, CIBC adopt Apple Pay; BMO says the tap-and-pay system coming soon appeared first on Canadian Business – Your Source For Business News.
Royal Bank (TSX:RY) and CIBC (TSX:CM) say they’ll accept Visa and MasterCard credit card payments through compatible Apple devices starting today and Bank of Montreal (TSX:BMO) says the feature is “coming soon.”
Apple Pay is also available to users with Interac debit cards issued by RBC and CIBC.
Interac says it’s working to bring Apple Pay to debit cards issued by all of Canada’s biggest banks, including Scotiabank (TSX:BNS) and TD (TSX:TD).
Apple’s tap-and-pay system was officially launched in Canada last November but without support from the big banks.
American Express was Apple Pay’s original credit card partner in Canada along with several major retailers.
The post RBC, CIBC adopt Apple Pay; BMO says the tap-and-pay system coming soon appeared first on Canadian Business – Your Source For Business News.
Credit Suisse reports big loss amid sour market conditions
– canadianbusiness.com
GENEVA – Swiss bank Credit Suisse reported Tuesday a loss of 302 million Swiss francs ($310 million) for the first quarter, when market volatility discouraged client activity, while pressing apace with planned staff reductions.
The loss compared with a profit of 1.05 billion francs a year earlier. Revenues plunged 30 per cent to 4.64 billion francs.
Still, the loss was not as bad as investors had feared, and the shares rose 3.7 per cent to 13.93 francs in Zurich.
The bank said that during the quarter it achieved over half of its 2016 target for 1.4 billion francs in net cost savings, and has reduced 3,500 positions of a total 6,000 planned reductions this year.
Chief Executive Tidjane Thiam pointed to the bank’s “good progress” in speeding up cost and headcount reductions, delivering profit growth in wealth management and maintaining a strong capital position amid an “extremely challenging market backdrop.”
The post Credit Suisse reports big loss amid sour market conditions appeared first on Canadian Business – Your Source For Business News.
The loss compared with a profit of 1.05 billion francs a year earlier. Revenues plunged 30 per cent to 4.64 billion francs.
Still, the loss was not as bad as investors had feared, and the shares rose 3.7 per cent to 13.93 francs in Zurich.
The bank said that during the quarter it achieved over half of its 2016 target for 1.4 billion francs in net cost savings, and has reduced 3,500 positions of a total 6,000 planned reductions this year.
Chief Executive Tidjane Thiam pointed to the bank’s “good progress” in speeding up cost and headcount reductions, delivering profit growth in wealth management and maintaining a strong capital position amid an “extremely challenging market backdrop.”
The post Credit Suisse reports big loss amid sour market conditions appeared first on Canadian Business – Your Source For Business News.
BMO World Elite MasterCard Review: Which Card Is Right for You?
– canadianfinanceblog.com
One of the best ways to get the most for your money is to use a rewards credit card. The right rewards credit card allows you to earn points or cash back that can benefit you in the long run. When you are smart about the way you use a rewards credit card, you can come out ahead in the long run.Deciding on the best rewards credit card for your situation requires that you think through what matters most to you and that you look for a program that will give what you will use — and get the best results from.
BMO offers three different World Elite MasterCard credit cards that might work well for you, depending on what you are looking for in a rewards program. Each of these cards rank highly in their categories here on Canadian Finance Blog, it’s just a matter of what credit card is right for your rewards goals. Read on for our BMO World Elite MasterCard review and comparison of these three choices:
BMO World Elite MasterCard (#1 Travel Card)
If you are looking for a travel credit card, the BMO World Elite MasterCard might be the way to go…
