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December 8 Update: Qatar Airways announces partnership with Alaska Airlines along with a new Seattle - Doha route and earn yourself 500 free World of Hyatt points tomorrow + MORE Dec 9th
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 po.... More »
Canada’s best credit cards for grocery purchases 2022 + MORE Feb 2nd
Everybody needs to put food on the table, so you might as well earn rewards while doing so. Considering that the price of food in Canada is predicted to rise between 5% and 7% this year (nearly $1,000 more per year for a family of four), there’s no better time to earn useful rewards and cash back .... More »
Vote for your favourite credit cards and loyalty programs in Canada's Choice 2021 + MORE Sep 17th
After a six year hiatus we’re happy to announce that Rewards Canada has brought back Canada’s Choice! This is where, you, the Canadian consumer get to vote for your favourite credit cards and loyalty programs in Canada!! Voting is quite simple, once you click the icon or.... More »
WestJet launching direct flights between Winnipeg and Los Angeles and earn bonus AIR MILES with a new card linked offer for Sephora + MORE Aug 18th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. WestJet has announced a new direct non-stop route from Winnipeg to Los Angeles. Launching on October 31 the new year round service will initially operate 3x weekly .... More »
How to restore credit after maxing out cards Dec 2nd
Reaching a 100 percent utilization due to maxed-out cards can hurt your credit score. To give it a boost, pay off balances and rein in spending..... More »
This is our second post covering the big news this month in the Canadian loyalty space of Air Canada launching their own program apart from Aeroplan. The first post covered the breaking news and touched upon some of our initial thoughts. Since then we have conducted over a dozen media interviews on the subject which has allowed us to delve even deeper into the subject and we wanted to give you a further update on this developing news story. What we can guarantee is that this won’t be the last post covering the topic, in fact it will probably be front and center for the next three years!Why did Air Canada do this? In our numerous interviews last week and this week we’ve put it out there that there are most likely several reasons why Air Canada has decided to launch its own program. Some but not all of those educated guesses are as follows:It is well known that frequent flyer programs are big revenue generators. That’s why Air Canada sold Aeroplan. They made a lot of money off of the sale to help them out when times were tough…May 18 Update: Yes the Groupon Alaska Airlines offers works for Canadians, 5th Night free for Hilton Hawaii stays and more
– RewardsCanada.ca
News, Tips & Tricks Check your email for yet another Air Canada discount offer from American Express. This time the offer is for 15% off flights to Europe, Asia, and Australia in Flex or Latitude fare classes.Earlier today we detailed the new partnership between Alaska Airlines and Groupon. One of you asked us if this works for Canadians and yes it does! Typically we won’t post details on offers, news etc. unless it is available for or truly affects Canadians. So go ahead and start earning more Mileage Plan miles on your Groupon buys! Posts since our last update:New Alaska Airlines Mileage Plan and Groupon partnership! 500 miles for new customer purchases and 4 miles per dollar for existing customers You now have one more shopping avenue for earning Alaska Airlines Mileage Plan miles and its a pretty big…Travel DealsHilton Stay 5 nights or more and get a night free in Hawaii! Book the “Another Day in Paradise” package at participating hotels and resorts. Find out more here…No credit? Unpaid debts can still be sent to collections
– creditcards.com
You can be sent to collections over unpaid debt even if you don’t have any credit.
Cash advance survey 2017: Read fine print before seeking quick cash
– creditcards.com
A review of 100 credit card cash advance policies found cash advance transactions can quickly consume an available credit line with fees, high interest charges, among other undesirable terms.
Canadian Banks Take a Credit Rating Hit from Moody’s
– ratesupermarket.ca
The credit ratings of Canada’s Big Six banks have been taken down a notch, reflecting our nation’s high level of household debt and housing prices.
Last week, credit ratings agency Moody’s Investor Service announced that Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, and Royal Bank of Canada would all be subject to downgrading.
“Today’s downgrade of the Canadian banks reflects our ongoing concerns that expanding levels of private-sector debt could weaken asset quality in the future,” said David Beattie, a Moody’s senior vice-president, in the announcement.
“Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks facing the Canadian economy than in the past.”
The areas in which the six banks saw decreases in ratings were in Baseline Credit Assessments (BCAs) and long-term ratings, while all but TD bank also saw a decrease in Counterparty Risk Assessments (CRAs)…
