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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Do You Need to Insure a Car, Motorcycle, or RV That’s Sitting in Storage? + MORE Jul 11th
Everyone thinks about car insurance in terms of road liability. There are hefty fines for driving without insurance, and you should always have coverage in case of a collision. But what about those seasonal vehicles or classic cars you don’t drive?
As it turns out, there’s good reason t.... More »
August 12 Update: A boatload of new confirmed Amex Cobalt 5x points locations, earn 50,000 bonus PC Optimum points for online purchases & 15% off TAP Air Portugal flights out of Canada + MORE Aug 12th
Thanks to an anonymous reader who commented on our American Express Cobalt Card Confirmed Multiplier Locations for giving a whole batch of locations that earn 5x points on eats and drinks. From Vancouver to Victoria to Honolulu and all the way to Taiwan this person provided an awesome list o.... More »
AIR MILES and Shell introduce Shell Go+ - an opportunity for all cardholders to earn more AIR MILES Reward Miles + MORE Jul 14th
AIR MILES gave us a quick teaser last week that collectors will be able to earn more miles with Shell and details would be revealed this week. Those details are out now with the new initiative being called Shell Go+ and it is described to us by AIR MILES as "provides access to a full suite of member.... More »
Charged Up! podcast: Save money without sacrifice + MORE Feb 23rd
Find out how to negotiate down your bills, get your credit score up fast and create a budget you'll actually follow, in this podcast episode with personal finance author and former CreditCards.com contributor Kristin Wong..... More »
Extracting value from the limited time increased welcome bonuses on the Marriott Bonvoy Amex Cards + MORE Jul 18th
In May American Express revealed new increased welcome bonuses on their Marriott Bonvoy co-brand cards and in this post we look at how those bonuses can provide some amazing value. Whether you get yourself the Marriott Bonvoy™ American Express® Card and/or the Marriott Bonvoy™ Business American.... More »
July 13 Update: Aeroplan adds Budget as a redemption partner, Air France Fall seat sale with fares from $799 + more!
– RewardsCanada.ca
News, Tips & Tricks Aeroplan has enhanced and expanded the ability to redeem miles for car rentals with the addition of Budget and more flexibility with the bookings: As part of our commitment to bringing members the best travel experience we can, we’ve made some changes to our car rental rewards. Here’s what members can expect: More choice In addition to Avis, members can now redeem for Budget car rentals online at aeroplan.com. With over 3,000 Budget rental locations throughout Canada, US, Latin America, and Europe, we’re giving members more choice and flexibility when it comes to finding a car that fits their plans. (And don’t forget, members can earn 100 miles every time they redeem for a Budget car rental). Additionally, members can redeem for one-way rentals with Avis and Budget, by simply choosing to return their vehicle at a different location than the original pick-up location. More flexibility Members can now cancel up until their scheduled pick-up time, and their miles will be refunded at no cost…Q&A: Closing maxed-out card won't lower credit utilization
– creditcards.com
Closing a card will never lower your credit utilization or help your score by any other means. But paying off card debt while keeping the card open will.
Infographic: In divorce, women's credit suffers more
– creditcards.com
More than half of recently divorced women said their credit score tanked during marriage, compared to just 42 percent for men
Home Capital names Yousry Bissada, veteran of mortgage industry, as new CEO
– canadianbusiness.com
A veteran of the Canadian financial services and mortgage industry has been appointed the next CEO of Home Capital Group Inc., which is working to restore investor and customer confidence after the company appeared to be on the brink of collapse earlier this year.
Yousry Bissada, 57, will join the Toronto-based alternative mortgage lender on Aug. 3.
The announcement comes three weeks after Home Capital (TSX:HCG) earned a vote of confidence from famed American billionaire Warren Buffett, whose Berkshire Hathaway is investing in the company and providing much needed funding.
Berkshire Hathaway has agreed to buy up to $400 million in stock _ about 39 per cent Home Capital’s total equity _ and provide a $2 billion line of credit to offset cash that Home Capital customers have withdrawn from their savings accounts.
One of Bissada’s top priorities will be to select a new chief financial officer as Home Capital, the country’s largest supplier of alternative mortgages, undergoes sweeping changes to its senior management team and board of directors…
Yousry Bissada, 57, will join the Toronto-based alternative mortgage lender on Aug. 3.
The announcement comes three weeks after Home Capital (TSX:HCG) earned a vote of confidence from famed American billionaire Warren Buffett, whose Berkshire Hathaway is investing in the company and providing much needed funding.
Berkshire Hathaway has agreed to buy up to $400 million in stock _ about 39 per cent Home Capital’s total equity _ and provide a $2 billion line of credit to offset cash that Home Capital customers have withdrawn from their savings accounts.
One of Bissada’s top priorities will be to select a new chief financial officer as Home Capital, the country’s largest supplier of alternative mortgages, undergoes sweeping changes to its senior management team and board of directors…
