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
Earn up to 45,000 Scene+ points with the Scotiabank Gold American Express Card + MORE Apr 30th
The very popular Scotia Gold American Express Card is currently offering 45,000 points which are worth $450 towards any travel that you book via any method and charge to the card. The bonus is broken up into two separate requirements. the first 25,000 points are awarded when you spend at le.... More »
December 21 Update: Ultimate No Foreign Transaction Fee Credit Card Portfolio, New Scotia card designs & Flair Airlines adding flights to New York JFK Dec 22nd
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 World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
Benefits, fees, hidden perks: Choosing the right credit card for your lifestyle + MORE Mar 6th
Critical to building a credit history, credit cards are a rite of passage into financial adulthood.
Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step.
Cindy Marques, certified financial planner and director at Open A.... More »
Coveted 50% Transfer Bonus for RBC Rewards (Avion only) to British Airways Executive Club is back until Dec 15, 19 + MORE Nov 5th
RBC Avioners rejoice! The 50% transfer bonus to British Airways Executive has made a come back after three years! Last seen in November of 2016 (see our post here) many of us thought this awesome offer was never to be seen again! We have become accustomed to the 30% twice per year since then but.... More »
Loyalty Lesson: How to extract more value from Avion Rewards Jul 14th
If you have the RBC Avion Visa Infinite Card, RBC Avion Visa Platinum Card or RBC Avion Visa Infinite Privilege Card in your wallet you’ll want to read this to see how you can extract more value from Avion Rewards. For well over a decade the Visa Infinite version has been one of Canada’s.... More »
Meridian Ushers in New Way for Canadians to Bank with Motusbank
– ratesupermarket.ca
Meridian holds the position as the biggest credit union in Ontario, and the third biggest country-wide. The company recently created a new subsidiary named Motusbank, a full-service digital bank that’s set to change the way Canadians handle their finances.
What’s Different About Motusbank
Motusbank, much like its parent credit union, has a member-centric approach to banking. Members enjoy access to the full retail product line and receive favourable pricing since shareholders are not a part of the credit union banking model. The competitive rates and fees provide plenty of incentive to take a look at this digital bank.
Online and mobile banking are included, which provides access to all of the bank’s services. One area that stands out is the digital mortgage platform. Savings and checking accounts do not have any fees, and Motusbank includes access to the no-fee ATM network The Exchange. David Baldarelli, Motusbank’s COO says “We’ve responded to what Canadians want by developing a simple and intuitive digital platform that makes banking feel good, and an experience that makes people feel valued and secure…
Debt rating agency Standard & Poor’s downgraded the SNC-Lavalin Tuesday, citing diplomatic tensions and criminal charges against the beleaguered engineering giant as among the financial headwinds buffeting a firm now swept up in a political firestorm.
The Platinum Card from American Express gets revamped – Metal Card, Earning Changes (up to 3x points) and no increase to annual fee
– RewardsCanada.ca
One the best high end, ultra premium cards in Canada got a makeover today. The Platinum Card from American Express has been a mainstay in many people’s wallets thanks to its earning potential and travel benefits. It has been sometime since it last received a makeover and we are pleased to bring you the details of the newly updated Platinum Card. There are only two significant changes and everything else on the card remains the same – even the annual fee.The first change is on the card’s earn rates for spending. Up until yesterday the card earned 1.25 Membership Rewards points per dollar spent across the board. That now changes to the following:3 points for every $1 in Card purchases on eligible dining in Canada2 points for every $1 in Card purchases on eligible travel1 point for every $1 in all other Card purchasesAs you can see two categories are getting increased earn while all other spending will now earn .25 points less. I’m not 100% sure how I feel about this change, the 3x points for dining is great and just like the Cobalt card, American Express has to legally word it ‘in Canada’ as that is all they can control but as long as a restaurant outside of Canada codes properly as dining you will earn the 3x points (this has been confirmed from Amex)…February 13 Update: Bon Voyage to Marriott Rewards, say hello to Marriott Bonvoy, 500 free miles for joining Singapore Airlines KrisFlyer & more
– RewardsCanada.ca
Marriott Bonvoy officially launched today. You will no longer see Marriott Rewards, Starwood Preferred Guest or Ritz-Carlton Rewards branding as the new program name and logo are here. We have lots of coverage of the evolution of the program from 2016 to today on our Marriott Bonvoy Starwood Preferred Guest Merger – All the resources you need page or visit Marriott’s Bonvoy site here. Over on our global site we posted another free miles offer – this is the return of 500 free Singapore Airlines KrisFlyer miles when you join the program by February 15th. Find out more here. Today we saw the released of the newly updated Platinum Card from American Express, it was the first bit of news we alluded to in yesterday’s daily update. Stay tuned for more news to come tomorrow! Posts since our last update: The Platinum Card from American Express gets revamped – Metal Card, Earning Changes (up to 3x points) and no increase to annual fee One the best high end, ultra premium cards in Canada got a makeover today…
