How Do Travel Rewards Work on a Credit Card? Jan 11th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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CIBC Rewards Review: Will a Generous Welcome Offer Win You Over? Jan 24th

Like most of the big bank customer loyalty programs, CIBC Rewards is a credit card rewards program. This means that you earn points when you make purchases with your CIBC credit card, and you can then redeem those points in a variety of ways. In this article, I’ll show you how to earn points, what.... More »

Holiday Spending out of Control? Manage It Well for a Healthy Financial New Year + MORE Jan 21st

The holidays were glorious and brilliant, but the new year is here and so are the bills. You’re not alone if your credit card balances soared and bills are piling up. We’ve put together some tips to help you recover smoothly and avoid another spending hangover in the new year. Give Your.... 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 »
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January 13 Update: Earn up to 12,500 SCENE points when you open a Scotia iTrade account, up to 10x AIR MILES at Lowes, 10 new bonus offers + MORE Jan 14th

Open up a Scotia iTrade account by February 29 and you can earn up to 12,500 SCENE points for doing so. Find out more here. Funding RequirementSCENE points + $6.99 pricing$2,000 - $4,9991,000$5,000 - $9,9992,500$10,000 - $24,9995,000$25,000 +12,500You can earn up to 10x the AIR MILES Reward Mil.... More »
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WestJet continues Transatlantic expansion with new Halifax to Manchester flights + MORE Jan 17th

According the RoutesOnline, WestJet is going to launch service between Halifax and Manchester for the summer season on June 5th. This marks WestJet's seventh city that they will be serving across the pond after London (Gatwick), Glasgow, Dublin, Paris, Barcelona and Rome. The flights are slated to o.... More »
How Do Travel Rewards Work on a Credit Card?
So, you want to take a dream vacation. Is it worth it to rack up charges on your travel rewards credit card? This can be an excellent way for you to save money, but only if you can maintain a reasonable level of spending and pay off your debt in full each month. If you stay on top of your spending and debt level, travel rewards cards can be a way to maximize the value of your everyday purchases.
Before you choose a rewards credit card it is important to think about your lifestyle and purchase habits to find a card that matches. You should also look at the card details to understand how interest will be calculated, what the interest-free period is, and what restrictions or benefits there are, as you collect points. You might want to consider partner brands, added perks, and how long it takes to reach reward thresholds.
What Are Travel Rewards?
With a travel rewards card, you earn points that you can redeem for travel, travel-related purchases, or cash back. Those purchases may include flights, hotels, and attractions in destination cities…

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