How to go about securing the best rate and plan for your credit card in Canada.
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Do You Have the Right Taxpectations? Apr 18th
With the exception of accountants, I don’t think anyone enjoys tax season. But with the personal tax deadline quickly approaching on April 30th, it’s something we can’t ignore. On a positive note, 57 per cent of Canadians are anticipating to receive a tax refund, according to a recent TD surv.... More »
'I got shafted': Air Miles collectors locked out of cash rewards for expiring miles Oct 30th
Customer frustration is mounting over Air Miles’ refusal to let collectors redeem expiring miles with cash rewards. The program says its system isn't equipped to process the requests, but some collectors don't buy it..... More »
AIR MILES to lose LCBO as a partner as of March 31st + MORE Feb 26th
A tip of the hat to Anshul at Points, Miles & Bling for alerting us on Twitter to this latest development for the AIR MILES program. One of their longest standing partnerships is coming to an end on March 31 as LCBO will be leaving the program. For 23 years members in Ontario have been .... More »
Canada’s best credit cards for people with bad credit 2021 + MORE Jun 4th
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score, you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. When used properl.... More »
AIR MILES Bonus Boom returns June 18 through July 1 Jun 10th
Back on March 17 AIR MILES decided to postpone their big Mega Miles promotion due to the COVID-19 Pandemic and we still haven't seen it return - however we now see the second Bonus Boom promotion in the span of just 1 month! I have a feeling we won't see Mega Miles return until the fall and AIR MIL.... More »
Teck Resources Ltd., a Vancouver-based diversified mining company, has seen its credit rating downgraded to junk status by Moody’s Investors Service because of falling commodity prices.
British Airways Executive Club Award Sale – Save 40% on award tickets between Canada and London!
– RewardsCanada.ca
Wow the American Express 25% transfer bonus from Membership Rewards to British Airways Executive Club just got a whole lot better! How so?British Airways has just launched a reward sale that discounts Executive Club award tickets between Canada and London by 40%. Simply book your award travel by September 27 for travel between October 1, 2015 and March 31, 2016.Here is Toronto to London for travel November 11-18:This means you can get this round trip flight for 12,500 Membership Rewards Points (15,625 avios) plus the fees and taxes. Sure the taxes and fees have always been consider high but now that you only have to use 60% of the regular amount of points and add in the 25% bonus from the Amex transfer this is a deal to consider! For example the same flights bought with cash would cost $973.68 so the redemption will give you a 2.85% return on your Membership Rewards points (saving the $360) or 5.70% if all those points were acquired with the 2x multiplier on the American Express Gold Rewards Card! If this sale wasn’t on I personally wouldn’t look at these redemptions as a very good option to use this 25% transfer bonus on…September 14 Update: WestJet London routes announced, Double Points & 3rd night free at Shangri-La Hotels in YVR & YYZ
– RewardsCanada.ca
Welcome to another week here on Rewards Canada! News, Tips & TricksIf you hold The Platinum Card from American Express be sure to check your email for an exclusive code providing a 10% discount for flying on Air Canada within Canada or to the U.S.. British Airways is expanding their WestJet codesharing as of Octobber 25th as they will now place their code on the following WestJet routes:Calgary – ReginaCalgary – SaskatoonToronto – EdmontonToronto – KelownaToronto – Quebec CityToronto – ReginaToronto – SaskatoonVancouver – KelownaVancouver – VictoriaDon’t forget about our promotion where you can get a $250 Gift Card from Rewards Canada. Find out more here. In the bonus offers section check out the bonuses for staying at either the Shangri La Vancouver or Toronto! Posts since our last update:WestJet to serve London Gatwick from Calgary, Edmonton, St. John’s, Toronto, Vancouver & Winnipeg Earlier this year WestJet announced they will start flying to London Gatwick in 2016 with their new 767s…Lying on a credit application
– moneysense.ca
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Q: What’s the worst that can happen if I decide to exaggerate my income on a credit application?
— Risky Business, Toronto
A: Don’t ever kid yourself that distorting the truth on a credit application is comparable to telling a little white lie, says Sameh Elrefaei, head of personal lending at BMO. Whether you’re applying for a credit card, a mortgage or store credit, every credit application goes through a verification process that includes a review of a person’s credit history, as well as income and employment verification. So any fabrications will be found out, and the consequences of your actions will depend on the severity of the situation, says Elrefaei. In minor cases where income is only slightly exaggerated, you may still be approved for a smaller loan amount. But in more severe cases, or for repeat offenders, the financial institution will contact authorities and you could be charged with fraud—a serious offence that can lead to a fine and even jail time…
