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Latest News
September 28 Update: TD Air Canada promo code working properly now and a new 100,000 point welcome bonus for PC Mastercards + MORE Sep 29th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Several of our readers pointed out that the promo code Air Canada revealed last week as part of the TD Aeroplan card 10x points offer was .... More »
Beware Frosh Week Marketing Mania + MORE Jul 30th
By: Derek Nicholson
The first week of school is almost upon us, bringing with it the myriad of events and activities also known as Frosh Week. From concerts to guest speakers, schools aim to make students feel welcome and excited to start or continue their studies.
With the fun, however, come the .... More »
How international students can build credit in Canada Jul 16th
Moving to Canada as an international student comes with a long financial to-do list, and building credit is one of the most important items on it. Your credit history from home typically doesn’t transfer, which means you may need to start from scratch when applying for a credit card, phone plan, a.... More »
Now is a good time to pay off your student loans and tuition using points and miles via HigherEdPoints + MORE Apr 16th
A few weeks ago I was contacted by Suzanne Tyson from HigherEdPoints.com after my post on Shifting your loyalty program strategy to help during these trying and tough financial times and she reminded me about their service and how right now may actually be the best time to use them. In my piece we l.... More »
IGA stores in Quebec to start accepting American Express cards and confirmation of Air Canada as part of the International Airline Program Aug 15th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Great news being forwarded on to us from one our readers! Sam let us know that they received a letter from Scotiabank letting them know that their Scotiabank Americ.... More »
Ontario Students Can Use Aeroplan Points to Pay Off Student Debt
– ratesupermarket.ca
Are you up to your ears in student debt? You’re not alone. Try these numbers on for size: the average university student graduated $22,000 in debt in 2013, while the average two-year college grad owed $13,000. That’s a tough way to enter the workforce, especially when there’s no guarantee you’ll land a well-paying job. With thousands facing five-figure debts, new grads are forced delay major life milestones, including buying a home, getting married and starting a family. In fact, RateSupermarket.ca’s Cost of the Future study found the average university student faces a 14-year timeline to pay off their student debt!
Also read: The Cost of Adulthood: Why New Grads Stay with Mom and Dad>
A New Take On Extra Credit
The Ontario government is throwing students a debt lifeline of sorts. A formal partnership has been reached between the Ontario Student Assistance Program (OSAP) and HigherEdPoints whereby students can apply accumulated Aeroplan miles against the balance of their student loan…
Jun 23 Update: WestJet seat sale, up to 20,000 Mileage Plan miles with Kaligo, 25% discount on buying Hilton HHonors points
– RewardsCanada.ca
A no news is a good news kind of day! News, Tips & TricksNo news for you today! Travel Deals WestJet launched a two day sale with some fares under $100 all in one way. Book by Jun 24 for travel until Dec 10. Find out more here. Bonus Offers Alaska Airlines Mileage Plan- Earn up to 20,000 Bonus Mileage Plan Miles when you book hotels via Kaligo. More… Book by Aug 24 for stays until Dec 31, 16Cathay Pacific Asia Miles- 5x Asia Miles for every HKD10 spent on hotels in China, France, Japan, Macau and United Kingdom via Agoda. More… Book by Jul 12 for stays until Oct 31, 15- Double Asia Miles for stays in a Club Room or Suite at participating Langham Hotels Worldwide. More… Until Sep 30, 15 Garuda Indonesia GarudaMiles (on FrequentFlyerBonuses.com only)- Double GarudaMiles Tier Credit for Gold and Platinum members flying to/from Jakarta, Bandung, Jogja, Solo, Semarang, Surabaya, Malang, Denpasar, Balikpapan, Banjarmasin, Pontianak, Makassar, Manado, Palu, Medan, Padang, Pekanbaru, Pangkal Pinang, Lampung, Palembang, Batam…Fashion retailer Le Chateau turns to founder once again for $15-million loan
– canadianbusiness.com
MONTREAL – Le Chateau is once again turning to its founder to finance the fashion retailer’s operations and store renovations.
Instead of tapping banks, Herschel Segal is providing a $15-million loan on top of the $10 million the majority shareholder forked over previously.
The loans are secured by the company’s property and rank only behind its $800-million revolving credit facility. They will earn the lesser of double the Royal Bank’s prime rate or 7.5 per cent.
The 55-year-old Montreal-based company has repeatedly turned to Segal and his wife, Jane Silverstone Segal, who replaced him as chairman and CEO, for financial support.
Industry experts say companies only turn to their owners for funding if the investor can earn greater returns than other investments or as a last resort. Segal is also a leading investor of David’s Tea (Nasdaq:DTEA), which recently went public.
Le Chateau (TSX:CTU.A) didn’t return immediately requests for comment.
Like many fashion retailers, Le Chateau has struggled financially in the face of foreign competition that has killed several chains…
Instead of tapping banks, Herschel Segal is providing a $15-million loan on top of the $10 million the majority shareholder forked over previously.
The loans are secured by the company’s property and rank only behind its $800-million revolving credit facility. They will earn the lesser of double the Royal Bank’s prime rate or 7.5 per cent.
The 55-year-old Montreal-based company has repeatedly turned to Segal and his wife, Jane Silverstone Segal, who replaced him as chairman and CEO, for financial support.
Industry experts say companies only turn to their owners for funding if the investor can earn greater returns than other investments or as a last resort. Segal is also a leading investor of David’s Tea (Nasdaq:DTEA), which recently went public.
Le Chateau (TSX:CTU.A) didn’t return immediately requests for comment.
Like many fashion retailers, Le Chateau has struggled financially in the face of foreign competition that has killed several chains…
CIBC has become the first of the major banks to participate in suretap, a mobile payments system backed by wireless carriers Bell, Rogers, Telus, Koodo and Virgin.
Rebuilding credit? Semisecured card may help
– creditcards.com
A semisecured card offers better terms than a secured card and can be a good stepping stone on the road to a conventional credit card
