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?
Latest News
RWRDS Daily Update – July 15, 2024: Five new Amex Offer & 11 new confirmed MBNA multiplier locations Jul 16th
Five new Amex Offers from Crave, TSN, Dominos & more, 11 new confirmed MBNA multipliers in Canada & the U.S. and Catch up on This Week in RWRDS. Check out today's points & miles updates here:
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American Express: Receive a 20% bonus when transferring points to Etihad Guest May 14th
For the first time ever, at least to the best of my knowledge, American Express Canada is offering a transfer bonus to Etihad Guest. For the month of May when you transfer Membership Rewards points to Etihad Guest miles you’ll receive a 20% bonus. Normally Membership Rewards points convert at .... More »
RWRDS Daily Update May 5: The Moxy Montreal Downtown is now open + MORE May 6th
The Moxy Montreal Downtown is now open, Turns out the CIBC Adapta Mastercard is not the first automatically adaptive rewards card in Canada and Catch up on This Week in RWRDS. Check out today's points & miles updates here:
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RWRDS Daily Update Nov 8: AIR MILES redemption rebate – Get 30% back in miles on Dream and Cash Miles rewards + MORE Nov 9th
AIR MILES redemption rebate to get 30% back in miles on Dream and Cash Miles rewards and an AIR MILES Event in Calgary on Saturday November 9, 2024 with free swag! Check out today's points & miles updates here:
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Aeroplan is clawing back portions of credit card welcome bonus points (for those who have received multiple bonuses) Nov 1st
If you frequent credit card or points and miles forums on sites like Reddit and Red Flag Deals, chances are you have seen this latest development from Aeroplan. Or, perhaps you are actually one of those people who have received a letter from Aeroplan stating they are clawing back points you received.... More »
Loyalty Lesson: When a credit card first checked bag free benefit isn’t free
– RewardsCanada.ca
For nearly a decade now I have heard from hundreds of Canadians that the sole reason they have the WestJet RBC World Elite Mastercard is for the first checked bag free benefit. And rightfully so, that benefit can provide huge savings for individuals, families, infrequent or frequent flyers who check bags when they travel. For […]
The post Loyalty Lesson: When a credit card first checked bag free benefit isn’t free appeared first on Rewards Canada.
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The Best No Foreign Transaction Fee Credit Cards in Canada
– canadianfinanceblog.com
Travelling outside of Canada can lead to wonderful experiences, but it often comes with a few financial hassles. One primary concern for many Canadians is the added cost of foreign transaction fees on their credit card purchases. These fees, ranging between 2.5% and 3%, can affect your travel budget and make a dent in your overall spending power.
Fortunately, there are several credit cards in Canada that offer no foreign transaction fees as a key feature. By using these cards for your international purchases, you can save money on every transaction made in a foreign currency.
To help you find the right no foreign transaction fee credit card, I’ve compiled a list of a few of the best ones in Canada. I also explain how these credit cards differ from US dollar credit cards, which are another popular option.
The Benefit of a No Foreign Transaction Fee Credit Card
Whenever you make purchases with a Canadian credit card while shopping in a foreign country, a foreign currency exchange occurs at the moment of the transaction…
Fortunately, there are several credit cards in Canada that offer no foreign transaction fees as a key feature. By using these cards for your international purchases, you can save money on every transaction made in a foreign currency.
To help you find the right no foreign transaction fee credit card, I’ve compiled a list of a few of the best ones in Canada. I also explain how these credit cards differ from US dollar credit cards, which are another popular option.
The Benefit of a No Foreign Transaction Fee Credit Card
Whenever you make purchases with a Canadian credit card while shopping in a foreign country, a foreign currency exchange occurs at the moment of the transaction…
Do you need mortgage life insurance?
– moneysense.ca
Ask MoneySense
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?
—Katerina
What is mortgage life insurance?
I’m glad that you noticed the life insurance you’re paying on your mortgage, Katerina. Many people don’t even know if their mortgage is insured or not in the first place. Click on your mortgage when online banking or check your most recent mortgage statement and you will most likely notice a reference to your mortgage being protected or insured or potentially not protected or not insured.
This insurance coverage is typically a combination of life insurance and disability insurance. In the event of death, the life insurance component of the policy pays off the outstanding mortgage. In the event of disability, the disability insurance component of the policy makes your regular payments.
Banks are prohibited from selling most types of insurance in their branches other than life and disability insurance on credit products…
This Week in RWRDS: September 16 – 22, 2023
– RewardsCanada.ca
We have our newest Loyalty Lesson which is when a credit card first checked bag free benefit is not free, the awesome new 60,000 mile bonus on the Air France KLM Mastercard and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in […]
The post This Week in RWRDS: September 16 – 22, 2023 appeared first on Rewards Canada.
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