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?
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Podcast Episode 72 - The New Air Canada Aeroplan Program + MORE Nov 11th
Episode 72 - November 10, 2020 The New Air Canada Aeroplan Program In this episode we discuss the highly anticipated and long awaited new Air Canada Aeroplan program. We talk about the new dashboard, redemptions, credit cards, the new Buddy Pass on the credit cards .... More »
WestJet adding new flights between Toronto and Scotland including Edinburgh + MORE Aug 31st
A new destination and and additional International routes are being added to WestJet's route map for 2022. The airline announced a return to Glasgow from Halifax but are also adding new flights from Toronto. On top of that they are also adding a new city to the map and that is Edinburgh which .... More »
How to Spot Credit Card Fraud and What You Can Do to Prevent It + MORE May 29th
Credit card fraud comes in various forms and can cause a lot of damage to both your balance and your credit score. Often thieves only get away with a few hundred dollars, but sometimes they can manage to steal thousands. And when they do, it can take hours of hard work and communication to unravel .... More »
The 11 best travel credit cards in Canada for August 2023 + MORE Aug 25th
Credit Cards
The 11 best travel credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card* .... More »
The no fee SimplyCash Card from American Express will see increased earn rates of 2% cash back on gas and groceries + MORE Aug 8th
Not only is the SimplyCash™ Preferred Card from American Express seeing changes but its no annual fee sibling the SimplyCash™ Card from American Express is also being changed for the better The card retains its base earn rate with no annual fee but will now see accelerated earn rates for g.... More »
More details on the revamped Scotiabank Gold American Express Card – all changes are confirmed
– RewardsCanada.ca
Two weeks ago we gave quick mention to changes coming to the Scotiabank Gold American Express Card. These changes have been confirmed with Scotia and cardholders are now receiving notices of the changes which are for the most part better!Here is a summary of what’s happening to the card:Item Changing Until July 31, 19 From August 1, 2019 Annual Fee for primary cardholder $99 $120 Foreign Transaction Fee 2.5% 0% Grocery Dining Entertainment earn rate per dollar 4 points 5 points Gas 4 points 3 points Daily Transit 1 point 3 Points Select Streaming Services 1 point 3 points All other purchases 1 point 1 points Price Protection Yes No Travel Medical Insurance for those 65 years or older 10 days 3 days Trip Cancellation / Trip Interruption $2,500 per person $1,500 per personI got to catch up with and discuss the card changes with Brett Mooney, Senior Vice President, Credit Cards…May 7 Update: 2x Points or Miles at Best Western Plus Winnipeg Airport, 30% Bonus Miles on Turkish Airlines Toronto-Istanbul flight & more!
– RewardsCanada.ca
Today is all about bonuses!The Best Western Plus near the Winnipeg Airport is offering double points or airline miles on all stays until the end of June! Perhaps you have an early flight to catch and want to stay close to the airport so this option may be right for you and you can earn extra points! Find out more hereMaybe you’re flying to Toronto to connect to Turkish Airlines’s flight to Istanbul and if that’s the case and it’s in June you can earn 30% bonus Miles&Smiles miles on the flight! Of course you don’t have to be coming from Winnipeg – this bonus is for anyone flying between Toronto and Istanbul on a paid ticket in celebration of 30 years of Miles&Smiles. There are eight other routes that have the bonus as well so if you are connecting via Istanbul to anyone of those cities you’ll earn the 30% bonus on that segment as well. Find out more here. Posts since our last update:More details on the revamped Scotiabank Gold American Express Card – all changes are confirmed Two weeks ago we gave quick mention to changes coming to the Scotiabank Gold American Express Card…Are US-Style Long-Term Mortgages Coming to Canada?
– ratesupermarket.ca
Bank of Canada Governor Stephen Poloz says it’s time to rethink how we manage mortgages in Canada. In a speech this week to the Canadian Credit Union Association and Winnipeg Chamber of Commerce, Poloz suggests we should encourage longer term mortgages and create a market for private mortgage based security. All in an effort to ease some of the financial obstacles homebuyers face getting into the real estate market. This is especially true for first time homebuyers.
In his prepared remarks to the conference called “The future of Canada’s mortgage market,” Poloz said, “More choice for borrowers and more ways for lenders to diversify risks are desirable. To be clear, the system is not broken – it has served Canadians and financial institutions well. But we should not stop looking for improvements.”
Poloz also pointed to new measures announced in the Federal Budget as a progressive move for the mortgage system. That move will see the Canadian Mortgage and Housing Corporation (CMHC) share an equity stake with first time homebuyers in their purchase…
