All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
RWRDS Daily Update – November 27, 2023 Nov 27th
The Ultimate "I have no idea what travel rewards I want" Credit Card portfolio, Buy one ski lift pass get one free with the RBC Avion Friday Friend Pass and 900 bonus Journie Rewards points on gas gift card purchases. Check out today's points & miles updates here:
The post RWRDS Daily Update â€.... More »
5 tips for choosing the right hotel credit card + MORE May 23rd
Getting the most of these products starts with choosing the one that's best for you..... More »
Bail denied for UK man accused of trying to kill Trump + MORE Jun 20th
LAS VEGAS – A British man accused of trying to take a police officer’s gun and kill Donald Trump during a weekend rally in Las Vegas will not be released on bail.
Federal Magistrate Judge George Foley said at a hearing Monday that Michael Steven Sandford, 20, was a potential danger to the co.... More »
Financial Institution Numbers for All Canadian Banks Apr 1st
You can identify Canadian financial institutions by their bank institution number, which is always three digits long. Bank customers need this number anytime they want to set up a direct deposit or preauthorized payment or receive a wire transfer into their account.
How to Locate Canadian Bank Insti.... More »
The best rewards debit cards in Canada for 2024 + MORE Mar 5th
Spend
The best rewards debit cards in Canada for 2024
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
Compare now
CategoryAccountBest for rewards.... More »
How a balance transfer card can boost FICO score
– creditcards.com
Opening a new line of credit can boost your rating by reducing your overall debt-to-credit-limit ratio
Buying a house with only 5% down
– moneysense.ca
(mstay/Getty Images)Real estate is a popular investment because for a relatively small amount of money, you can own an asset worth significantly more. It’s the power of leverage and while there can be some significant drawbacks used wisely, leverage can help you build your net worth.
For first-time home buyers, this leverage opportunity translates into a chance to put only 5% down to own your home. For instance, you could purchase a condo or home for $450,000 with only $22,500 (plus transactional/closing costs).
But to use the 5% down payment option, the following rules apply:
* The home will be your principal residence—in other words, you will actually live in the home. So if you plan on buying a condo, only to rent it out, you won’t be eligible for the Canada Mortgage and Housing Corporation’s 5% down payment option.
* The actual 5% sum must be from your own funds or from a gift from a family member. You cannot use a loan or line of credit.
* You can prove to your lender that you can cover the transactional closing costs on the real estate deal…
Rate survey: Average card rate remains stuck at 15 percent
– creditcards.com
July 22, 2015: Interest rates on new credit card offers stayed in place again this week, according to the CreditCards.com Weekly Credit Card Rate Report
July 22 Update: Executive Hotels buys the Cosmopolitan in Toronto, new Amex Centurion lounge in Houston, Porter to North Bay
– RewardsCanada.ca
News, Tips & TricksExecutive Hotels, which were featured in our Guide to Canadian Hotel Frequent Guest Programs has bought the Cosmopolitan Hotel in Toronto. This is Executive Hotels first location east of Saskatchewan. You should now be able to earn and burn Executive Rewards points at this location. (Source Executive Hotels) Watch for their New York City location to open soon! American Express has announced yet another new Centurion Lounge in the U.S.! The latest will open up in Houston in the first half of 2016. Of course us Canadians can access the lounge for free when it opens if you hold The Platinum Card from American Express. You can also access the lounge with other American Express cards but you will have to $50 to enter. (Source View from the Wing)Porter Airlines will start daily service between Toronto and North Bay on October 7th. (Source Porter) Bonus Offers Air China Phoenix Miles – Earn up to Triple Phoenix Miles Kilometers for stays at participating Okura Hotels & Resorts, Nikko Hotels International and Hotel JAL City Worldwide…
