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
January 22 Update: Receive a $25 Amazon gift card when you redeem HSBC Rewards points, you can have up to 4 personal Amex credit cards & the U.S. looking to implement a quarantine requirement Jan 23rd
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. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus points, no.... More »
Christie's Tax Advance + MORE May 16th
His rate cut proposal is superior to Marco Rubio’s child credit..... More »
The Best Small Business Credit Card Welcome Bonus Offers for January 2025 + MORE Jan 16th
Here are Rewards Canada’s Top 5 Small Business Credit Card Sign Up offers for January. This is not a ‘best’ credit card list like our overall Top Travel Rewards Credit Card rankings but rather a look at small business cards that have the best welcome bonus offers. As always when ch.... More »
Aeroplan members can now earn points when flying on Air Mauritius Mar 14th
Back in December Air Canada's Aeroplan added two new airline partners, Oman Air and Air Mauritius. The latter started off as a redemption partner only but as of today Aeroplan members can now also earn Aeroplan points when flying on the national airline of Mauriitius. The airline flies to some major.... More »
March 26 Update: BMO AIR MILES Mastercard review updated, Aer Lingus providing 10% extra on vouchers, British Airways suspends all Canadian flights until April 17 + MORE Mar 27th
The Rewards Canada review of the BMO AIR MILES Mastercard has been updated! We haven't touched it since 2015 so it was in dire need of getting an update. This is the case with quite a few of our reviews and we hope to get to updating them all over the next little while. You can check out updated .... More »
The feud: Justin Welby vs Errol Damelin
– canadianbusiness.com
The conflict: During a recent sit-down, the leader of the Church of England ever so politely told the CEO of payday loan company Wonga that he plans to smite his business out of existence, bringing upon it the full might of the church’s powers of…competition. Welby said he will create new credit unions to become pillars of community—and offer loans at rates significantly lower than Wonga’s.
The outcome: Following their conversation, Damelin called Welby “an exceptional individual” who “understands the power of innovation.” He further called their relationship one of mutual respect, and said he welcomes the competition. Welby admits his plan will be a decade-long process, but has already opened one union for clergy and staff in York.
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INFOGRAPHIC: How To Cut Your Gas Bill By $100
– ratesupermarket.ca
Hitting the open highway for a cross-province road trip may not be as cost effective as frugal travelers think. Price gouging gas stations, sky high insurance premiums and unexpected vehicle wear and tear can put any vacationer’s wallet to work!
Looking to cut down on your car expenses? Check out our handy infographic, the latest edition to the RateSupermarket.ca Cost Of series. Whether you’re headed across the country, or just commuting nine to five, you can save with these on-the-road money management tips.
Pro tip: Paying for fuel is an ongoing expense. If you’re using plastic at the pump, make sure your credit card has competitive gas rewards or cash back. Our fave: The MBNA Smart Cash® MasterCard® Credit Card. Not only does this card earn up to 5% cash back on gas and groceries for the first six months (two per cent after that), but you’ll also score a FREE $100 gift card from RateSupermarket.ca if approved, until August 31. Save even more on your driving costs – compare to find the best car insurance premiums today!
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Having TD and CIBC as partners would be a win-win-win solution, says the head of Aeroplan.Maximize your Mileage and Point Earnings on Back to School Shopping
– RewardsCanada.ca
With less than a month left before school starting it is time to kick your back to school shopping into high gear! Whether it’s online or in store there are many ways to maximize the miles and points you earn for back to school shopping. Ultimately you can make those travel reward dreams come closer by following one or more of Rewards Canada’s tips.Pay for everything with your rewards credit card
This is by far the easiest way to rack up miles outside of actual flights with the airlines or stays with hotels. Put everything that you buy on your credit cards even that last $1.99 pen you forgot to buy and have to pick up at 7-11 on your way to dropping kids off at school. Be warned however, if you run a balance and pay interest on your credit cards, those miles you earn will never be worth the money you lose in paying the interest.Double Dip & Triple Dip
Double dipping is the term coined for earning miles twice in one purchase or transaction. This basically involves your mileage earning credit card being used for a purchase where you also earn miles in the same program as the credit card…Pay less for pension credit
– moneysense.ca
If you have a defined benefit (DB) pension, the more years you have in the plan—known as credited service—the higher your pension or the earlier you can retire. It’s why one reader, a Toronto daycare worker, forked out $45,000 to buy back time she’d taken off 20 years ago when she had children. The lump sum buy-back allows her to retire at 55, rather than 60, with a full pension. The incentive: you’ll get guaranteed income in retirement, usually at a better return. But she could have avoided such a large payment. If she’d purchased her missing service time right after taking maternity leave it would have cost her only $4,000. “The earlier you buy back the cheaper it is,” explains pension consultant Brian FitzGerald. That’s because the longer you wait, the more you need to pay to make up for the money that would have accumulated had you invested at the time of your work absence.
