How to go about securing the best rate and plan for your credit card in Canada.
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RWRDS Daily Update – September 12, 2023 + MORE Sep 12th
The Ultimate Travel Credit Card Portfolio for those just starting with points & miles and Rogers Mastercard will only require one Rogers Service to earn 2% cash back. Check out today's points & miles updates here:
The post RWRDS Daily Update – September 12, 2023 appeared first on Rewards.... More »
Neiman Marcus says security breach may affect up to 1.1 million cards + MORE Jan 23rd
Neiman Marcus says that a security breach last year may have affected about 1.1 million cards.
The high-end department store chain says that malicious software attempted to take customers’ credit and debit card information from July 16 to Oct. 30.
Neiman Marcus says Visa, MasterCard and Discov.... More »
The Aeroplan saga ends a long, useless financial detour + MORE May 22nd
Aimia, the company which operates the Aeroplan loyalty program, was recently dumped by Air Canada, which will start its own in-house frequent-flier scheme starting in 2020
.... More »
Great new offer on the Scotia Momentum VISA Infinite card - 10% back for first three months & first year free Jan 18th
We see the return of a very popular offer for the Scotia Momentum Visa Infinite Card. Right now for new applications Scotia will award you with 10% cash back on all purchases up to $200 cash back in the first three months. Not only that but they will waive the first year annual fee of $120 .... More »
RWRDS Daily Update Dec 6: You can now redeem Aeroplan points for LCBO purchases + MORE Dec 6th
You can now redeem Aeroplan points for LCBO purchases and Earn 2x Scene+ points at Home Hardware until December 8, 2024. Check out today's points & miles updates here:
The post RWRDS Daily Update Dec 6: You can now redeem Aeroplan points for LCBO purchases appeared first on Rewards Canada..... More »
OTTAWA – The federal finance minister is stepping into a fee dispute between Canada’s…
It’s business as usual for merchants who had hoped to gain more negotiating power over fees charged by credit card companies.How credit card fees for merchants work
– thestar.com
Merchants are dinged for every Visa and MasterCard transaction. Here’s how those fees work in Canada.
The Competition Tribunal has dismissed a complaint from major Canadian retailers about the way credit card companies charge them for processing transactions.Credit card status quo
– moneysense.ca
The Competition Tribunal has dismissed the case against Visa and MasterCard. At the crux of the debate are s0-called interchange fees. Basically, card issuers are charging merchants more to process premium cards that offer cardholders reward points for things like travel. As a result, merchants wanted the ability to refuse these higher cost cards while still accepting the more basic credit cards since existing Visa and MasterCard policies don’t allow this. The ruling Tuesday will allow Visa and MasterCard to continue enforcing their current policies. If a merchant accepts Visa, he or she must accept all Visa cards regardless of the interchange fee.
Do you think merchants should have to accept premium credit cards and their associated interchange fees?
