Installment plan or credit card? Get the best of both for big-ticket purchases + MORE Sep 23rd

All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News

New offers on the Marriott Bonvoy American Express Cards: 65,000 bonus points + $100 statement credit + MORE Mar 10th

 Today marks the return of an increased welcome bonus offer on the  Marriott Bonvoy™ American Express® Card and a change to the offer on the Marriott Bonvoy™ Business American Express® Card. It has been a couple of months since we've seen a limited time offer for the consumer card so.... More »

RWRDS Daily Update – October 13 Oct 13th

Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. The new best cash back card in Canada With the enhancements going live yesterday, the SimplyCash® Preferred Card from American Express has now been crowned the be.... More »
 american express

How to maximize your travel credit card perks—even when you aren’t travelling + MORE Aug 5th

With the majority of Canadians now at least partially vaccinated against COVID-19, travel is starting to open up again. We’re seeing friends who’ve been carefully bubbled start to post pictures of their road trips or domestic flights to see family for the first time since the pandemic locked thi.... More »

Good habits that can help you improve your credit score Jan 1st

You probably know you should care about your credit score, but do you know why? Simply put, this three-digit number can either help or hurt you in your journey towards financial wellbeing—and it can have far-reaching effects. Your credit score affects your chances of getting approved for a cre.... More »
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AIR MILES lowers requirements to reach Gold and Onyx Elite status - is it enough to help the struggling program? Aug 10th

AIR MILES has let us know they are lowering the qualification thresholds for acquiring Gold or Onyx Elite Status with the program. Up until now collectors were required to earn 1,000 Reward Miles in a calendar year to achieve Gold Status and 6,000 miles for Onyx Status. Those requirements have now b.... More »
A reminder to get on the waitlist for the new American Express® Aeroplan®* Cards to score extra Aeroplan pointsThis post was sponsored by Amex Bank of Canada. The views and opinions expressed in this blog, however, are my own. American Express is not responsible for maintaining or monitoring the accuracy of information on this website. Back on August 26 we brought you the details of the new suite of American Express Aeroplan Cards and we wanted to remind you of the waitlist offer they have for their new cards. In case you missed our original post or just skimmed over it you may have missed the news that you can earn an extra bonus on top of the welcome bonus that will be offered on the cards by joining their waitlist. The Waitlist Offer is simple – you provide your email address and then you will be sent a special code once the cards are available.  The offer you’ll receive will be as follows (remember this is over and above whatever the new welcome bonus will be)The Waitlist Offer is valid for eligible applications received by American Express by December 31, 2020 through the link and RSVP code provided in the waitlist email that you will receive once you sign up…

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Before credit cards were widely accepted as a way to pay for things people couldn’t immediately afford, there was the installment plan. A what, you might ask? An installment plan is a form of credit where, rather than paying a lump sum, you commit to paying for the purchase in smaller amounts within a specific amount of time, and interest is applied either during the pay-down period or if you miss a payment.
Who offers installment plans in Canada
Installment plans date back as far as the 1920s and, in the last several years, installment plans have had quite the resurgence with fintechs like Square, Sezzle and Affirm offering this service, and partnering with many major retailers to allow their customers to buy now and pay later. (Square, however, has currently paused their installment payment program during the COVID-19 pandemic). Among Canadian options, PayBright lets approved Canadian consumers pay using an installment plan at participating retailers like The Source and Samsung, and CIBC launched its CIBC Pace It feature on credit cards allowing for low-interest installment payments on eligible credit card purchases in September 2019…

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