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Latest News
American Express Cobalt Card: 24 new confirmed multiplier locations + MORE Jan 20th
Here’s our next update to our American Express Cobalt Card Confirmed Multiplier Locations list with 24 new locations being added today from across Canada A big thank you to the RWRDS Canada community for providing details on thousands of locations where you can use the American Express Cobalt Card.... More »
Introducing the Scotiabank Passport® Visa Infinite Privilege* Card + MORE Mar 5th
The Scotiabank Passport® Visa Infinite Privilege* Card is the latest credit card to enter the Canadian market. Officially launched today (Although the details did get leaked a few weeks ago) this is the second Ultra Premium card to grace the suite of credit cards from Scotiabank. For those of you w.... More »
Last chance for the highest ever bonuses on two TD Aeroplan credit cards + MORE Sep 1st
This is the final weekend to apply for the highest bonuses ever seen on the two most popular TD Aeroplan co-brand cards. You can earn up to 70,000 bonus Aeroplan points with the premium TD Aeroplan Visa Infinite Card or up to 115,000 points with the ultra premium TD Aeroplan Visa Infinite Privilege .... More »
AIR MILES Shops Boxing Day offer: 20x miles sitewide Dec 28th
A day late with this one but you can still take advantage of today! AIR MILES is offering 20x miles sitewide via AIR MILES Shops on any and all purchases that earn at least 1 base mile. This offer is available until 11:59pm EST December 27, 2023. There are also some individual merchants like Dys.... More »
AIR MILES Bonus Boom returns June 18 through July 1 Jun 10th
Back on March 17 AIR MILES decided to postpone their big Mega Miles promotion due to the COVID-19 Pandemic and we still haven't seen it return - however we now see the second Bonus Boom promotion in the span of just 1 month! I have a feeling we won't see Mega Miles return until the fall and AIR MIL.... More »
Fed: Card balances rose by $1.7 billion in December
– creditcards.com
Credit card balances increased in December, according to the Federal Reserve.
Forgot to pay annual fee: Does it hurt your credit?
– creditcards.com
If you’ve forgotten to pay your annual fee and 30 days have passed, it could be reported to the credit bureaus as late and damage your credit score. After you pay it, ask your issuer to update your account status to “current.”
Q. I recently got a call from my Kia dealer saying that my 2015 Optima is a popular secondhand car. They want to meet to offer me a great price for the car and a discount on the purchase of a new one with 0% financing. My car has just 32,000 kilometres and it’s fully paid.
I wasn’t looking to change, but I thought that if I could get enough money for it, I would buy a new Optima, and then I would have some money handy. (We are renovating our house and cash is tight.) I intend to go and see what they will offer me. Is this something you recommend or not?
— Thanks, Jack in Montreal
A. You would be better off using a line of credit or some sort of equity loan if you have any borrowing ability left instead of taking on additional auto debt—even if you will be able to pay it off slowly at zero interest. Selling a new car after four years, especially Kia, Hyundai or Fiat-Chrysler models that depreciate quickly, is an expensive proposition. You will lose about 60% of what you paid originally…
I wasn’t looking to change, but I thought that if I could get enough money for it, I would buy a new Optima, and then I would have some money handy. (We are renovating our house and cash is tight.) I intend to go and see what they will offer me. Is this something you recommend or not?
— Thanks, Jack in Montreal
A. You would be better off using a line of credit or some sort of equity loan if you have any borrowing ability left instead of taking on additional auto debt—even if you will be able to pay it off slowly at zero interest. Selling a new car after four years, especially Kia, Hyundai or Fiat-Chrysler models that depreciate quickly, is an expensive proposition. You will lose about 60% of what you paid originally…
