How to go about securing the best rate and plan for your credit card in Canada.
Latest News
30% Transfer Bonus for RBC Rewards (Avion only) to British Airways Executive Club is back + MORE Nov 15th
Some of you asked when this bonus would return and we guessed it would be today and it was! We are happy to let you know the much loved transfer bonus from RBC Rewards to British Airways Executive Club is back. Once again the bad news is the bonus is lower just like we saw last May, only 30%.... More »
Top 5 Small Business Credit Card Sign Up offers for December 2023 + MORE Dec 5th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for December. This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but a look at cards for small businesses that have very good acquisition offers. As always when choosing a card.... More »
Can You Afford to be a Single-Income Family? + MORE Jan 27th
According to recent RateSupermarket research, roughly half of Canadians admit to changing their minds about their desired family size due to the associated costs.
They may be on to something. As authors Elizabeth Warren and Amelia Tyagi note in their book, The Two-Income Trap: Why Middle-Class Moth.... More »
August 19 Update: New low interest American Express card, IHG Rewards Club Accelerate and buy points promos Aug 19th
News, Tips & Tricks American Express launched a new credit card this past Wednesday, the Essential Credit Card is not a rewards credit card but a new low rate card. The card offers an 8.99% ongoing interest rate with no annual fee. Find our more about the new card here The Essential Cred.... More »
September 24 Update: 111 Bonus AIR MILES at Rexall this weekend, Double Aeroplan Miles on Bearskin Airlines and more + MORE Sep 25th
Mostly bonuses for you today! News, Tips & TricksRexall is celebrating their 111th Birthday with a bonus of 111 AIR MILES Reward Miles when you spend $50 or more this weekend (Sep 25-27) Find out more hereRemember we have an exclusive offer with WestJet that saves you 20% on their Plus fare.... More »
Receipt requirements: Law differs from card network rules
– creditcards.com
You don’t legally have to print your business’s full address on customer receipts, but MasterCard and other card networks have more stringent requirements
Do I need to pay mortgage broker fees?
– moneysense.ca
(Getty Images / Nigel Carse)Q: I applied for a mortgage, but at the last minute the broker told me I’d have to pay $1,534 in mortgage broker fees. This was a totally unexpected cost for me. Do I have to pay the fee?
A: Short answer: It depends on the broker agreement you signed.
While this might hurt, you need to take into consideration why.
Mortgage brokers don’t get paid unless a deal closes. That means if you spend four weeks discussing a mortgage deal with a broker and the bank decides to decline the deal—not only will you be left without a mortgage, but your broker will be left without a paycheque.
To avoid this situation, brokers will “qualify” a client—a term used to determine whether or not you’re the type of borrower most banks would consider a “prime client.” Typically, a qualified client is a person who holds a regular, full-time job, has little or at least manageable debt and a credit history that proves he or she consistently pays the bills.
If you’re a “prime client” you shouldn’t expect to pay a fee to your mortgage broker and you will get offered the most competitive mortgage rates available in the market…
Feb 2 Update: Club Sobeys Ontario moves to Air Miles, MileagePlus accumulation changes on Air Canada, Best Western Gift Card offer
– RewardsCanada.ca
A busy start to the week and month here on RC! News, Tips & Tricks The last remaining hold out in the Club Sobeys Aeroplan partnership, Ontario, will be ending soon as Sobeys in this province follows the others by moving to Air Miles. Aeroplan ends on March 26 and to encourage the change Air Miles and Club Sobeys are offering 50 Bonus Air Miles for connecting your Club Sobeys account with your Air Miles account. Find out more here. Last week United MileagePlus announced mileage earning changes for flying on their partner airlines that will take effect on March 1. This is a major change for those of you here in Canada who choose to credit your Air Canada flights to United MileagePlus after defected to the latter program due to all the Aeroplan devaluations. The news is both good and bad. If you fly in premium classes or full fare economy classes you’ll actually earn more miles. However if you fly on discounted economy chances are you’ll earn less miles unless your flights are to the U…
