How to go about securing the best rate and plan for your credit card in Canada.
January 14 Update: IHG point changes delayed to January 25, Earn up to 500 bonus AIR MILES for booking flights via Redtag & more! + MORE Jan 15th
Last week we brought you the details of the IHG hotels that were changing categories (28 in Canada) and there is some good news in that it has been delayed to January 25 instead of today. The PDF of the list of hotels affected now states the 25th as the date the changes will take place. That giv.... More »
Cyber thieves make off with hundreds of thousands of dollars in attack targeting Coast Capital Savings + MORE Jan 16th
The RCMP and the credit union are investigating after 140 members were robbed in "phishing" and "brute force" cyber attacks..... More »
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 »
There is no scoring bonus for making a one-year milestone of on-time payments. However, if all other factors that go into creating a credit score are positive, you should expect your score to reflect this..... More »
There have been huge changes to the credit scoring landscape in the past 15 years, and the average credit score is now at an all-time high. But I worry it's that way not because Americans are more creditworthy..... More »
We see the return of the Aeroplan Best Western stay bonus for the remainder of the winter and into spring. The offer is the same as the previous one that ended on December 15 of 500 bonus miles per stay. This is typically the lower bonus (it can get as high as 1,000 miles) that we see but it is still better than nothing and considering BW Reward does not have a systemwide bonus offer right now this is the better way to go. You do have to be a Best Western Rewards member with your earning preferences set to Aeroplan to earn the bonus.Offer details Earn 500 Bonus Aeroplan Miles for each stay at Best Western Hotels in Canada, the United States, or the Caribbean Islands Full details, online registration & booking (Registration is required) Until May 12, 19Find many more Aeroplan bonus miles offers here.
January 8 Update: Earn Double QMiles & Elite QPoints on all Qatar flights, Mastercard drops Mastercard from logo, Condor increasing YYC & YYZ flights
Qatar Airways is offering not only Double Qmiles on their flights but also Double Elite Qualifting QPoints. Be sure to register and book if your are planning on flying Qatar out of Montreal (or anywhere else for that matter). Bookings must be completed by February 28 and you have until March 5th to register for flights until the end of August! Find out more here.Mastercard has updated their branding to drop the actual “Mastercard” name from their logo. The brand and logo will simply be the interlocking red and yellow circles that have become synonymous with the brand. I wouldn’t expect replacement cards from MC issuers to be automatically sent out, rather you’ll probably see it when you get replacement cards sent in the future or when you apply for a new card. (Source Mastercard) For next summer Condor Airlines (a Lufthansa subsidiary) will be increasing flights from Calgary and Toronto to Frankfur. Calgary moves to 4x weekly while Toronto jumps to 5x weekly. You can earn and redeem Miles & More miles or earn Alaska Mileage Plan miles for Condor flights but I figure most Canadians if they are choosing to travel on Condor would look at using proprietary credit card points for these flights…
The last hurdle in Air Canada’s move to purchase Aeroplan back from Aimia was cleared yesterday. The “transaction was approved by holders representing 96% of Aimia’s common shares and preferred shares who voted on the Transaction on a combined basis” With this approval it is expected that the transaction should be completed in the coming days. Once that happens we hope that we will start to hear some news from Air Canada on what their new program will look like starting in July 2020. If anything we should know more details of the new program in the second half of this year.For more details on the story visit “The Air Canada Aeroplan Saga – All the resources you need”Source: Aimia
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of January! This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should always take other factors into account other than the just sign up bonus, but when most or all of these cards are first year free, they can and do pay off even when you grab them strictly for the sign up rewards. This month all five cards have no annual fee in the first year so you can try them out at no cost and decide later on if the card is right for you. This month sees the return of the CIBC Aventura Visa Infinite card as the great sign up offer the HSBC World Elite Mastercard is now gone.Here are our top 5 credit card sign up offers for January (in alphabetical order)BMO AIR MILES World Elite Mastercard – 3,000 Miles (Apply here)The best ever sign up bonus for an AIR MILES co-branded card continues on our Top 5 sign up list thanks to its 3,000 miles sign up bonus (worth ~$300 or more) and no annual fee in the first year! Add in a free companion fare when you redeem for flights and the value jumps even higher…