All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Weekly rate report: Average card APR sits tight at 17.14 percent + MORE Nov 21st
November 21, 2018: Average rates on new credit card offers remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report..... More »
Metro and Food Basics stores in Ontario to move to Moi Rewards from AIR MILES + MORE Apr 25th
Another day another shake up in the world of loyalty rewards in Canada. METRO Inc. has announced they will be leaving the AIR MILES later this year in favour of their in-house program Moi Rewards. Launched in Quebec in 2023, Moi Rewards is the revamped version of the retailer’s Metro&Moi .... More »
Federal Reserve raises rates for third time this year + MORE Dec 13th
The U.S. central bank raised its benchmark rate a quarter point – meaning higher APRs on most credit cards – and projected more hikes in 2018..... More »
Before you borrow: Navigating back-to-school financial aid in Canada Jun 26th
Each year, more than half a million Canadians take out student loans to cover tuition, books, and living costs. But according to some recent research, including a study from Royal Bank of Canada (RBC), many students are unprepared for how these loans work and how to manage repayment.
Understandin.... More »
Feds to review whether credit unions can use banking terms following outcry + MORE Aug 12th
Ottawa says it is reviewing whether credit unions should be allowed to use the terms "banks," "banker" and "banking" after the federal regulator that oversees financial institutions ordered them not to..... More »
June 7 Update: Club Carlson Status Match, Top 5 Credit Card Sign Up Offers plus 18 new bonuses
– RewardsCanada.ca
News, Tips & Tricks Club Carlson has now launched a public page for their elite status match program. If you hold elite status with another hotel program you may be eligible to receive status with Club Carlson. Seeing that several credit cards in Canada give status like the Marriott Rewards Premier Visa and mbna Best Western MasterCard you can easily use those to match with Carlson. Find out more here.Posts since our last update:Rack up the Rewards: Canadians are loyal to Loyalty Rewards Programs It seems that every few months we see surveys about the world of loyalty rewards in Canada. Each bank, credit…Official – American AAdvantage going revenue based on August 1st plus they detail some elite changes coming in 2017 We’ve known since last November that the American Airlines AAdvantage program was going to move to a revenue based…Scotiabank SCENE Visa Card sign up bonus increased to 4,000 points An offer we saw last year has returned. The increased sign up bonus of 4,000 points for the Scotiabank…Top 5 Credit Card Sign Up offers for June Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of June! This is not… Travel DealsAvianca is offering a decent deal on flying to to Cartagena from Toronto…Rack up the Rewards: Canadians are loyal to Loyalty Rewards Programs
– RewardsCanada.ca
It seems that every few months we see surveys about the world of loyalty rewards in Canada. Each bank, credit card issuer and even loyalty programs themselves conduct interviews to get a feel of what are on Canadian’s minds. One of the latest comes to us from TD and the survey confirms how entrenched Canadian’s are with their loyalty programs. 72% of us have credit cards that offer some type of reward, which is great! Canada you’re learning. If you are going to pay for something with a credit card why not be rewarded for it! 82% of you make it a priority when looking for a new credit card that it offers some type of reward. Good for you!The survey results were compiled into an infographic which is featured below and we provided TD with the 5 tips on how to maximize your rewards on credit cards. Being big time Aeroplan mile and other loyalty program point earners, the Rewards Canada family definitely follows each of these steps.The first, “Check under the hood” is just that, open it up and learn the mechanics of your reward program…Splitting reward points from a small business
– creditcards.com
Credit card rewards usually belong to whoever signed up for the account. But small-business partners should discuss whether to split them up or use them for business expenses.
Fed: April card balances rise 2.1 percent
– creditcards.com
Americans continued to favor credit cards in April, as card balances rose $1.7 billion (2.1 percent), according to the Fed’s latest consumer credit report.
