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?
Latest News
A redesign is coming—and we can’t wait to show you + MORE Apr 20th
We have exciting news: MoneySense will be getting some upgrades. The core of what we do will stay the same—we’ll continue to bring you high-quality content from the best financial experts in Canada—but we’ll have a fresh new look.
Why are we changing?
We want you to have the best p.... More »
Scientists discover ultramassive black hole that can fit 30 billion suns - WION + MORE Mar 30th
Scientists discover ultramassive black hole that can fit 30 billion suns WIONAn 'ultramassive' black hole has been discovered that's 33 billion times the mass of the sun Yahoo News Canada‘Einstein Ring’ Light-Bending Reveals One Of The Biggest Black Holes Ever Found &n.... More »
June 15 Update: New Amex offer for goodfood, Fairmont Stay Close extended for Canadian mountain resorts and Flair & Swoop's summer flight schedules + MORE Jun 15th
Yet another excellent Amex offer came out today - this one is for the prepared meal service goodfood and provides a $20 statement credit when you spend $80 or more. Rewards Canada contributor Jeff W. let us know he got it on his Marriott Bonvoy card while in the Rewards Canada household we got i.... More »
Weirdly large ‘forbidden’ exoplanet orbits a relatively tiny star - Digital Trends + MORE Feb 25th
Weirdly large ‘forbidden’ exoplanet orbits a relatively tiny star Digital TrendsAstronomers Discover Bizarre “Forbidden” Planet That Should Not Exist SciTechDailyOut in Space Lies a Mysterious, Massive Planet That Shouldn't Exist CNETMassive 'forbidden planet.... More »
How to Use AIR MILES Cash Rewards for Groceries and Food Delivery + MORE May 16th
Craving a tasty treat delivered straight to your doorstep? Buying baking essentials to test your bread making skills? Whipping up a cup of dalgona coffee? With the help of viral trends circling social media, finding innovative ways to stay entertained or celebrate special occasions from home is eas.... More »
New high-end cards boost average cost of annual fee cards
– creditcards.com
A surge of pricey new high-fee credit cards on the market boosted the average annual fee to $163, nearly double a year ago
5 Lies About Your Credit Report
– canadianfinanceblog.com
Your credit report is important and because of that, a lot is written about it as well as talked about over dinner or as topics of water cooler conversations. Although some of the advice comes from well meaning people trying to help, misinformation or failing to go to trusted sources could make for some unfortunate surprises if you were to later view your credit score.
1. Once I Pay Off the Collection Agency, It Will Leave my Credit Report
Wouldn’t that be nice? In most cases that’s not true. Once you pay off a debt that was in collections, the best you can hope for is the debt to be listed as “closed” but often it’s listed as “paid collection”.
When an account is listed as a collection, it remains on your credit report for seven years. Once you pay the debt, it is listed as “paid collection” for the remainder of the seven year period. It may be a bit of good news to know that the seven years doesn’t start over. The other bright spot is that an account listed as a “paid collection” is not as bad as an unpaid account that was referred to a collection agent…
How can I protect my point-of-sale system against security breaches?
– creditcards.com
Lax POS security can cost your small business steep fines from credit card issuers if your system is breached. Safe password practices are one of your best defenses
