Is It Time to Say Goodbye to Your Starter Credit Card? + MORE Jul 28th

All about Canadian credit cards. Learn the ins and outs and get the latest news.
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Enroll or renew an InterContinental Ambassador membership and receive a free night stay when you stay once at any InterContinental, Kimpton or Regent Hotel Jul 31st

If you are unfamiliar with InterContinental Ambassador it is a separate 'elite' program within the IHG Hotels umbrella. It is a paid membership program that costs US$200 or 40,000 IHG Rewards Club points per year and it provides extra benefits at InterContinental Hotels & Resorts and for a limit.... More »

July 29 Update: Earn 5x miles at select retailers via the Aeroplan eStore, Autograph Collection Hotel coming to Halifax and W Toronto opening delayed to 2021 + MORE Jul 30th

You can earn 5x Aeroplan Miles when you shop online via the Aeroplan eStore for back to school. The extra miles are at select retailers like Gap, Indigo, New Balance and more. The bonus miles event runs until August 9. Find out more here.Image via Aeroplan Marriott will be opening up an Autograph.... More »
 credit cards

July 31 Update: The 2% return on travel Envision World Mastercard now on Rewards Canada, hotel occupancy rates in Canada continue to rise slowly and seven new bonus offers Aug 1st

Sometime ago our Facebook follower Jeremy B. introduced us to the Envision World Mastercard and I'm finally getting around to putting the card's details on the Rewards Canada site and will begin to consider it for any potential rankings, portfolios and so on that I publish. This is credit union card.... More »

Schoolgirls in India discover Earth-bound asteroid - + MORE Jul 29th

Schoolgirls in India discover Earth-bound asteroid  CBC.caIndian schoolgirls discover asteroid moving towards Earth  CTV NewsTwo Schoolgirls From India Just Discovered an Asteroid  VICE10th Grade Girls in India Discover Asteroid Headed Toward Earth  ComplexTwo.... More »
Deferred payments on your mortgage or credit card? How to handle the strain when payments restart this fallHundreds of thousands of Canadians have deferred debt payments since COVID-19 took hold. There are some simple things you can do now to make sure you’re ready when those payments resume.

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Earn rate changes coming to the no fee BMO AIR MILES Mastercard this NovemberBack in May BMO announced changes to their no fee BMO CashBack Mastercard and now they have announced similar changes to their no fee BMO AIR MILES Mastercard. There is quite a bit of advance notice for these changes as they won’t take place until November 2020. These changes do only affect the no fee version of BMO’s AIR MILES Mastercard as the BMO AIR MILES World Elite Mastercard will remain unchanged.You can learn about the changes here.The only changes happening to the card are on the everyday earn rates and they actually get better for shopping at AIR MILES partners and slightly worse everywhere else. These are the current earn rates for the card that will be in place until November:- Get 2x the Miles for every $20 spent at participating AIR MILES Partners- Get 1 Mile for every $20 spent everywhere elseThe new earn rates that will kick in in November and be reflected on your December statement are as follows:- Get 3x the Miles for every $25 spent at participating AIR MILES Partners- Get 1 Mile for every $25 spent everywhere elseAs you can see the new earn rates are 3x miles for every $25 at participating AIR MILES partners and this is something to note…

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Is It Time to Say Goodbye to Your Starter Credit Card?
Nearly nine out of 10 Canadians have a credit card, according to Payments Canada. Not only that, but Canadians are also heavy credit card users, coming in second to South Korea in credit card volume per capita.
The study found that the extraordinary credit card use is fuelled by key factors such as credit card rewards and the expansion of e-commerce in the country.
But where does it all start? According to a global report by TransUnion, 63% of Gen Z consumers, over 18 in Canada, are credit-active. Of that population, nearly all have a credit card.
Yet, the study also suggests new-to-credit consumers often have lower credit limits, which can lead to higher utilization rates and, in turn, negatively impact consumers’ credit scores.
However, the report found that a significant number of Gen Z consumers are in the prime and above credit tiers, generally associated with an acceptable risk level for new credit products.
Further findings indicate that in established credit markets, such as Canada, Gen Z consumers “are clearly interested in — and receiving — cards…

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