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?
Latest News
October 20 Update: Aeroplan accumulation changes on ANA, 100 Bonus AIR MILES at Rexall, Starwood Canada upgraded room sale + MORE Oct 20th
News, Tips & Tricks Aeroplan announced accumulation changes for flying on ANA (All Nippon) earlier this week that take effect on November 1. You'll earn 150% of the miles when you fly on a J fare class instead of 125%. P Class fares drop from 125% to 100% and discounted economy class V,W,S .... More »
May 13 Update: Amex lowers welcome bonuses on The Platinum Card & Business Platinum Card, a look back at the first 100K point credit card bonus in Canada, good Travelzoo deal for Brewster's Mountain Lodge in Banff + MORE May 14th
American Express has really shifted focus on keeping current Platinum cardmembers engaged and using their cards as much as possible with the amazing double points double value promotion. However as it is so lucrative for cardmembers and pricey for American Express to maintain they have dropped t.... More »
High-income Canadians using cash the least: Bank of Canada + MORE May 15th
Central bank researchers issue report on use of bank notes versus credit and debit
.... More »
Know your risk before giving credit card to a relative + MORE Nov 21st
A sister's request to give her a credit card for three months requires close examination, since you'll be on the hook.... More »
How To Save On Back to School Shopping Aug 29th
Back to school season is officially in full swing. If you haven’t finished shopping for your school-bound child, you’ll most likely be hitting the mall soon to get it all done. This is an expensive time of year for parents trying to get their children prepared for back to class. According to a .... More »
LIBOR and CDOR Scandal: What Investors Should Know
– ratesupermarket.ca
About a year-and-a-half ago, LIBOR went from being an obscure acronym from the world of international finance, to the name associated with the latest in a series of global financial scandals. While regulators are still sorting out precisely what happened – and the full implications – there are already some impacts being felt around the globe.
What is LIBOR?
First off, a brief primer on what LIBOR is. The acronym stands for London Interbank Offered Rate. It’s the rate an international collection of banks charge each other when exchanging various currencies. It’s one of many such exchange rates around the world – Canada has its own, the Canadian Dealer Offered Rate (CDOR); more on that in a moment – but the London rate is considered the global standard.
It’s calculated by averaging out the rate that as many as 18 different banks say they would have to pay in interest when borrowing funds. Trillions of dollars in credit card charges, mortgages, car loans, and other items are linked to the LIBOR rate…
Rewards Canada’s 6th Annual Canada’s Top Travel Rewards Credit Card rankings
– RewardsCanada.ca
Today on RewardsCanada.ca we posted our sixth annual picks for Canada’s top travel rewards credit cards. We have combed over 80 different credit cards offering travel rewards for Canadians and of those there are a few that really stand out. While it is practically impossible to give this question a perfect one card answer, we can breakdown the market of Canadian Travel Rewards credit cards into five major categories that these cards fall into. Visit rewardscanada.ca/topcc2014 for the complete details!For the complete article, details on each card plus runners up in each category please visit the full Canada’s Top Travel Rewards Credit Card for 2014 page on the Rewards Canada websiteCare to comment on our choices? Want to voice your opinion on the good and the bad of all the Travel Rewards Credit Cards in Canada. Share you views and experiences by leaving a comment below. Mar 25 Update: Aeroplan & Air Miles Bonuses for Best Western stays, Safeway Air Miles Bonus, Radisson B&B Package Bonus
– RewardsCanada.ca
Tuesday is all about the bonuses! Air Canada & Air Miles bonuses for Best Western stays, Radisson Bed & Breakfast Bonus and more News, Tips & TricksShort Term Bonus Alert: You can earn up to 300 Bonus Air Miles Reward Miles for shopping at Safeway this week. Here is a link to the coupons. Valid until Mar 27, 14 Bonus Offers Air Canada Aeroplan- 1,750 Bonus Aeroplan Miles for each qualified stay at any Best Western® branded hotel in Canada, the United States, or the Caribbean Islands. More… Apr 1 – Aug 31, 14Air Miles (Canada)- 60 Bonus Air Miles for each qualified stay at any Best Western® branded hotel in Canada, the U.S., or the Caribbean Islands. More… Apr 1 – Aug 31, 14 Valid for residents of Canada onlyairberlin topbonus- Double topbonus Miles for stays at the Dorint Airport-Hotel Zürich. More… Until Jul 31, 14Alaska Airlines Mileage Plan- Double Mileage Plan Miles when you fly British Airways nonstop service between Seattle and London…Scottish man wins 16-year legal battle over credit rating, triggered by laptop purchase
– canadianbusiness.com
LONDON – It started with an unwanted laptop, and it ended in Britain’s Supreme Court.
A Scottish man has won a 16-year court battle sparked by a wrangle over a computer credit deal.
Richard Durkin bought a laptop in 1998, using a credit agreement with lender HFC Bank for about 1,500 pounds. He returned the computer the next day because it lacked an internal modem, and tried to cancel the credit deal.
The bank said he couldn’t, and after he refused pay to pay declared he had defaulted. Durkin said the bad credit rating meant he was unable to buy a house.
Durkin went to court, spawning a battle that ended Wednesday when five Supreme Court justices ruled that Durkin had “validly rescinded the credit agreement” and awarded him 8,000 pounds ($13,000).
The post Scottish man wins 16-year legal battle over credit rating, triggered by laptop purchase appeared first on Canadian Business.
A Scottish man has won a 16-year court battle sparked by a wrangle over a computer credit deal.
Richard Durkin bought a laptop in 1998, using a credit agreement with lender HFC Bank for about 1,500 pounds. He returned the computer the next day because it lacked an internal modem, and tried to cancel the credit deal.
The bank said he couldn’t, and after he refused pay to pay declared he had defaulted. Durkin said the bad credit rating meant he was unable to buy a house.
Durkin went to court, spawning a battle that ended Wednesday when five Supreme Court justices ruled that Durkin had “validly rescinded the credit agreement” and awarded him 8,000 pounds ($13,000).
The post Scottish man wins 16-year legal battle over credit rating, triggered by laptop purchase appeared first on Canadian Business.
