How do credit card payment deferrals work during COVID-19? + MORE Apr 17th

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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Receive up to $320 in value with this CIBC Dividend Platinum Visa Card JOURNIE Rewards offer + MORE Sep 10th

Over the past few years we've seen partnerships emerge between banks and popular Canadian  retailers or loyalty programs  One such partnership is from CIBC and JOURNIE Rewards. CIBC has teamed up with this popular gas loyalty program to offer extra benefits to those who connect their CIBC .... More »
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Marriott Bonvoy™ Business American Express® Card Review + MORE Mar 17th

 Falling into the Rewards Canada "Hotel" category the consumer version of this card used to always take top spot in that category in our annual credit card rankings. However with the demise of most hotel credit cards in Canada we no longer have a hotel category. However the consumer version.... More »

The best balance transfer credit cards in Canada for 2024 + MORE Feb 17th

Spend The best balance transfer credit cards in Canada for 2024 Moving your credit card debt to a balance transfer card can help you pay off the debt more quickly by paying little or no interest. Compare now &l.... More »
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Top 5 Cash Back Credit Card Sign Up offers for September - These cards provide the best value out of their welcome bonuses Sep 6th

Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of September 2021. This is not a 'best' credit card list like our Top Cash Back Credit Card rankings but instead a look at cards that have very good acquisition (welcome/sign up) offers. As always when choosing a c.... More »
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May 24 Update: One week left for our special discount offer with point.me & we have a new hotel reviews page + MORE May 24th

Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposits± .... More »
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lines of credit, loans and other non-mortgage debt, according to Equifax Canada.
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s. 
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…

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AIR MILES extends Gold and Onyx elite status to 2021 and further extends travel change fee waiverOver the past few weeks we have been passing along the news of many airline and hotel loyalty programs extending the elite status for their members and now AIR MILES has followed suit. The program reached out to us today to pass along the news that Gold and Onyx elite status members will have their status extended to the end of 2021. AIR MILES has also extended the period of their travel change fee waiver to the end of May.Here are the details that AIR MILES provided to us:AIR MILES GOLD® and Onyx® Status Extension For Collectors who achieved AIR MILES GOLD® or Onyx® Collector status in 2019, their status has been automatically extended for an entire year – until December 31, 2021. Given the current circumstances, AIR MILES understands that it may be hard to re-qualify for status in 2020 and wanted to provide our Collectors with the assurance that your status and benefits are secure.Travel change fee extensionAdditionally, AIR MILES is extending its one-time waiver of all AIR MILES change fees until May 31, 2020 for all bookings with travel dates between March 13, 2020 and May 31, 2020…

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