All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
September 13 Update: American Express discount for Air Canada flights, WestJet Flash Sale, up to 100 Bonus AIR MILES for Budget rentals + MORE Sep 13th
Check your emails once again for another discount for Air Canada flights from American Express. This one came for my Platinum Card from American Express and offers a 15% discount on Air Canada standard fares and up. WestJet's ultra low cost carrier Swoop is planning to introduce flights between.... More »
Air Transat plans new loyalty program with Desjardins and Visa Jan 22nd
Air Transat has announced plans to start a new loyalty program with Desjardins Group and Visa. The launch, planned for the second half of this year, will offer travellers exclusive benefits and an improved experience, the airline said. The announcement comes after Transat suspended its BonBon r.... More »
AIR MILES: Earn up to 150 bonus miles at Shell this week (Targeted Offers) + MORE May 26th
Select AIR MILES collectors can earn a nice amount of bonus miles this week at Shell. There are two offers that showed up in my account over this weekend. One is for May 26th only and the other is a week long bonus. What is detailed below are the offers are received – you may […]
The pos.... More »
Earn up to 7x points with select retailers via the Aeroplan eStore during their Valentine's Day event + MORE Jan 31st
Air Canada Aeroplan is running a Valentine's Day event where you can earn up to 7x points for shopping online at select retailers via Aeroplan's eStore. This offer runs until February 14 with retailers like The Body Shop at 6x points, Little Burgundy at 4x points and Sephora offering 7x poin.... More »
IGA stores in Quebec to start accepting American Express cards and confirmation of Air Canada as part of the International Airline Program Aug 15th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Great news being forwarded on to us from one our readers! Sam let us know that they received a letter from Scotiabank letting them know that their Scotiabank Americ.... More »
Equifax Canada seeks to regain trust in its security after major U.S. breach
– canadianbusiness.com
TORONTO _ Equifax Canada’s reputation took a hit after its U.S. parent revealed a massive data breach last year, but chief privacy officer John Russo says the 19,000 affected Canadian accounts haven’t been linked to any fraud.
Russo’s assurances come as the credit monitoring company promoted its new Canadian income and employment verification service for lenders amid stricter mortgage rules.
Under a new standard, federally regulated mortgage lenders have been required since Jan. 1 to do stress tests on a prospective borrower’s ability to withstand an increase in interest rates even if they don’t require mortgage insurance.
“There’s increased rigour when they have to verify third-party information,” Russo said. “They can’t just rely on pay stubs and stuff that you bring as a borrower. They have to use an independent source.”
Equifax was tight-lipped in the aftermath of the hack last year.
In promoting the new service, Russo acknowledged that the company’s reputation as a custodian of sensitive personal data took a hit with the leak of confidential information for about 145 million Americans from one of several Equifax databases…
Russo’s assurances come as the credit monitoring company promoted its new Canadian income and employment verification service for lenders amid stricter mortgage rules.
Under a new standard, federally regulated mortgage lenders have been required since Jan. 1 to do stress tests on a prospective borrower’s ability to withstand an increase in interest rates even if they don’t require mortgage insurance.
“There’s increased rigour when they have to verify third-party information,” Russo said. “They can’t just rely on pay stubs and stuff that you bring as a borrower. They have to use an independent source.”
Equifax was tight-lipped in the aftermath of the hack last year.
In promoting the new service, Russo acknowledged that the company’s reputation as a custodian of sensitive personal data took a hit with the leak of confidential information for about 145 million Americans from one of several Equifax databases…
January 24 Update: Shangri-La day – 100 Free points and up to Triple Points for stays at the Shangri-La Vancouver or Toronto
– RewardsCanada.ca
Another free points offer to let you know about! It’s a very popular type of offer the many hotel brands have used and it is to award points for downloading and trying their apps, Club Carlson and La Quinta, just to name a few, have offers now and another brand has jumped into the fray. Shangri-La Hotels Golden Circle is awarding 100 free GC Award points for logging into their app. Easy as that. They are also offering up to triple points for booking stays via the app as well so if you have been eyeing the Shangri-La Hotel in Vancouver or Toronto or anywhere else Worldwide book it via the app! Find out more here. Posts since our last update: Summary of global hotel systemwide bonus points promotions – January Edition One of the easiest ways to rack up lots of hotel points is to take advantage of the systemwide bonuses…One week left for the American Express Cobalt Card up to 40,000 point introductory offer Per the marketing terms that have been attached to the American Express Cobalt Card you only have one week…Travel DealsHilton Winter Sale – Save up to 25% on weekend stays in the UK, Europe, Middle East and Africa Remember to visit Rewards Canada’s Travel Booking site to book travel directly with many of your favourite airlines, hotels and more! Canadian Bonus Offers Shangri-La Golden Circle- Earn up to Triple GC Awards Points for stay at any Shangri-La hotel and resort, Kerry hotel, Hotel Jen or Traders hotel including Vancouver and Toronto that are booked via the Shangri-La Mobile app…Rate survey: Average card APR climbs to all-time high of 16.38 percent
– creditcards.com
Jan. 24, 2018: The average credit card interest rate reached another 10-year high this week, according to the CreditCards.com Weekly Credit Card Rate Report.
