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October 26 Update: Air Transat adding more U.S. and Europe flights for summer 2022 and a new RBC Offer for Boston Pizza purchases + MORE Oct 27th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
Receive a 15% bonus when you convert Marriott Bonvoy points to Aeroplan points + MORE Oct 1st
Air Canada Aeroplan revealed a new transfer bonus today that offer 15% more points when you convert Marriott Bonvoy points to Air Canada Aeroplan. This offer is available until October 31 and appears to be open to all Aeroplan members. The bonus is based on the base conversion amount, that is it is .... More »
Marriott Bonvoy: Breaking down the world’s largest hotel rewards program Nov 18th
The Marriott hotel chain’s loyalty program has long been a favourite with travellers, but its recent merger with Starwood Preferred Guest (SPG) and Ritz-Carlton Rewards raised questions for collectors about the program’s relative value and how to earn Points. By mid-2018, the three brands succes.... More »
This Week in RWRDS: August 2, 2024 – The Ultimate Cash Back Credit Card portfolio + MORE Aug 3rd
This week we look at the Ultimate Cash Back Credit Card portfolio, Neo Financial card changes, a great AIR MILES travel bonus and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Topics of discussion: The Ultimate Cash B.... More »
Uber Releases an Amazing Credit Card… But Only to Americans + MORE Nov 8th
Image courtesy of Uber.com
It’s being called the “ultimate millennial credit card.”
But if you’re Canadian… you can’t have it. At least not yet.
Ride-sharing company Uber recently opened applications for its own rewards credit card. The Uber Visa promises competitive cash back rates and.... More »
Equitable Bank grows deposit base, leaves credit line untapped
– theglobeandmail.com
As of June 30, Equitable had just over $10-billion in deposits, up from $9.95-billion at the end of March
Aimia in talks with new Aeroplan partners as it braces for Air Canada’s departure
– canadianbusiness.com
Loyalty program operator Aimia Inc. (TSX:AIM) swung to a loss of $25.1 million in its latest quarter as it said it’s in talks with a number of potential partners to replace its departing Aeroplan partner Air Canada (TSX:AC).
CEO David Johnson wouldn’t provide details of the Montreal-based company’s plans for replacing Air Canada on a conference call with analysts Thursday, but said to “expect a re-invented program which will continue to be multi-airline.”
Johnson and departing chief financial officer Tor Lonnum said during the call that Aimia’s diversified customer base and cash resources are giving management time to cut costs, simplify the business and find new offerings for card holders.
Still, Johnson said Aeroplan customers mainly use their points for travel, and that’s likely to continue both before and after 2020 when Air Canada will begin to operate its own points program.
By the end of 2019, Aimia said it expects to reduce annualized costs by $70 million, in part by cutting its workforce by 10 per cent this year…
CEO David Johnson wouldn’t provide details of the Montreal-based company’s plans for replacing Air Canada on a conference call with analysts Thursday, but said to “expect a re-invented program which will continue to be multi-airline.”
Johnson and departing chief financial officer Tor Lonnum said during the call that Aimia’s diversified customer base and cash resources are giving management time to cut costs, simplify the business and find new offerings for card holders.
Still, Johnson said Aeroplan customers mainly use their points for travel, and that’s likely to continue both before and after 2020 when Air Canada will begin to operate its own points program.
By the end of 2019, Aimia said it expects to reduce annualized costs by $70 million, in part by cutting its workforce by 10 per cent this year…
Loyalty program operator Aimia Inc. swung to a loss of $25.1 million in its latest quarter as it said it’s in talks with a number of potential partners to replace its departing Aeroplan partner Air Canada.
