The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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RWRDS Daily Update – February 14, 2024 + MORE Feb 15th
American Express opens Largest Centurion Lounge at Hartsfield-Jackson Atlanta International Airport and New Amex Offers provide statement credits for Chewy and Lordco. Check out today's points & miles updates here:
The post RWRDS Daily Update – February 14, 2024 appeared first on Rewards Cana.... More »
Canada’s best travel credit cards 2022 Oct 15th
A good travel credit card can make your trip more affordable, more comfortable and even more secure. There are numerous cards to choose from, but you can get the best value by selecting one that pairs a strong earn rate for rewards or cash back along with perks like lounge access, travel credits or .... More »
Scotiabank Gold American Express Card Review + MORE Mar 4th
Ranked as the number one travel points credit card with an annual fee in Canada, the Scotiabank Gold American Express Card was last reviewed by Rewards Canada in 2015, some three years after it was introduced in 2012. It was the first American Express card issued by a bank other.... More »
When is a charge on a credit card unauthorized? Jun 3rd
Unauthorized charges on credit cards are forbidden, but what happens when the charge was made by a company you deal with on an ongoing basis?.... More »
Another batch of new RBC Offers - From Asos to GMC & more! + MORE Jan 30th
It's been over a month since we last updated our RBC offers page and there are some new offers to be had as well as extensions on quite a few others! m Be sure to login to your RBC account right away to load these offers (if required) or get the promo codes if required. The new offers are as.... More »
5 months after Equifax breach, no new data security rules
– creditcards.com
Five months after Equifax data breach, debate over security rules continues – but new tools let individuals lock their credit files.
Home Capital Group says new mortgage rules have clients migrating from big banks
– canadianbusiness.com
TORONTO _ Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year _ even though it too is required to abide by the requirements.
Preliminary indicators also suggest the credit quality of Home Capital mortgage originations is improving after the new rules were introduced Jan. 1, though it’s difficult to precisely quantify the impact, chief executive Yousry Bissada said on a conference call Thursday to discuss its fourth-quarter earnings.
“We have observed that some of our customers have been impacted by the stress test, and have therefore qualified for smaller loans than they would have last year.”
The rules for federally regulated lenders introduce a stress test for borrowers with a more than 20 per cent down payment to prove that they can service mortgage at a qualifying rate of the greater of the contractual mortgage rate plus two percentage point or the five-year benchmark rate published by the Bank of Canada…
Preliminary indicators also suggest the credit quality of Home Capital mortgage originations is improving after the new rules were introduced Jan. 1, though it’s difficult to precisely quantify the impact, chief executive Yousry Bissada said on a conference call Thursday to discuss its fourth-quarter earnings.
“We have observed that some of our customers have been impacted by the stress test, and have therefore qualified for smaller loans than they would have last year.”
The rules for federally regulated lenders introduce a stress test for borrowers with a more than 20 per cent down payment to prove that they can service mortgage at a qualifying rate of the greater of the contractual mortgage rate plus two percentage point or the five-year benchmark rate published by the Bank of Canada…
An 82-year-old great-grandmother is upset the Bank of Montreal didn’t lay out all options for cancelling her life insurance. Only following a CBC News investigation did Ella Beck discover she could cancel her plan and get money back.
Aimia to cut costs further as it prepares for end of Air Canada partnership
– canadianbusiness.com
MONTREAL _ Aimia Inc. share plunged 27 per cent Thursday after the operator of the Aeroplan loyalty card reported a wider quarterly loss and plans to pursue deeper cost cutting.
The Montreal-based company plans to trim its costs by $70 million per year by 2019 as it continues to adjust to Air Canada’s decision not to renew its long-term partnership in 2020. It has already sold several businesses, including its British Nectar coalition, and cut staffing in half since 2015 to about 1,600 people.
Chief executive David Johnston said efforts to simplify its business to drive further savings will come in ways other than further large layoffs.
“We’ve done quite a bit of that this year but there’s some corporate simplification we’re doing _ properties, technology _ I’m not envisaging material further job cuts,” he said in an interview Thursday.
Shares of Aimia Inc. fell more than 27 per cent in mid-afternoon trading after it reported a $214.7-million loss in its latest quarter, hurt by a charge related to the sale of its Nectar program and related assets…
The Montreal-based company plans to trim its costs by $70 million per year by 2019 as it continues to adjust to Air Canada’s decision not to renew its long-term partnership in 2020. It has already sold several businesses, including its British Nectar coalition, and cut staffing in half since 2015 to about 1,600 people.
Chief executive David Johnston said efforts to simplify its business to drive further savings will come in ways other than further large layoffs.
“We’ve done quite a bit of that this year but there’s some corporate simplification we’re doing _ properties, technology _ I’m not envisaging material further job cuts,” he said in an interview Thursday.
Shares of Aimia Inc. fell more than 27 per cent in mid-afternoon trading after it reported a $214.7-million loss in its latest quarter, hurt by a charge related to the sale of its Nectar program and related assets…
