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
RWRDS Daily Update June 26: MBNA Rewards World Elite Mastercard offering 5x points at Costco & three new Amex Offers + MORE Jun 26th
MBNA Rewards World Elite Mastercard holders being offered 5x points on wholesale club purchases and New Amex Offers statement credits for Harry Rosen, Turo & Uniqlo. Check out today's points & miles updates here:
The post RWRDS Daily Update June 26: MBNA Rewards World Elite Mastercard offe.... More »
American Express Cobalt Card: 17 new confirmed multiplier locations in Canada & Taiwan + MORE Dec 22nd
Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 17 new locations from Canada and Taiwan. being added today. The feature is quickly approaching 2,000 entries covering thousands of locations around the world where you can use the American Express Co.... More »
Aeroplan is clawing back portions of credit card welcome bonus points (for those who have received multiple bonuses) Nov 1st
If you frequent credit card or points and miles forums on sites like Reddit and Red Flag Deals, chances are you have seen this latest development from Aeroplan. Or, perhaps you are actually one of those people who have received a letter from Aeroplan stating they are clawing back points you received.... More »
Earn 85,000 points with The American Express® Aeroplan®* Business Reserve Card + MORE Oct 25th
If you are in the market for a small business card packed with strong points earning and benefits galore the card to check out is American Express® Aeroplan®* Business Reserve Card. In the first year with this card you can earn up 85,000 Aeroplan Points with this card. The points are themselves ar.... More »
RWRDS Daily Update September 15: Marriott and Miles & More expand partnership & 50% bonus tier qualifying spend on WestJet flights + MORE Sep 16th
Marriott Bonvoy and Miles & More launch enhanced loyalty partnership, Earn 50% bonus qualifying spend on WestJet flights (Targeted offer) and we review the MBNA Rewards World Elite Mastercard. Check out today's points & miles updates here:
The post RWRDS Daily Update September 15: Marriott.... More »
New 100,000 PC Optimum points offer on PC Financial Credit Cards
– RewardsCanada.ca
We have yet another 100K offer for PC Financial Mastercards. You can receive this bonus when you apply by May 5, 2022 and it is good for any one of the three cards in their portfolio: PC Financial MastercardPC Financial World MastercardPC Financial World Elite Mastercard To receive the bonus you need to apply via this link and make your first purchase with your new card at a participating store where President’s Choice® products are sold. I would recommend taking a screen shot of the offer page and the terms and conditions as some of our readers in the past have noted difficulty in getting the bonus.Those 100,000 points once you receive them are worth $100 towards purchases made any participating PC Optimum stores like Loblaw banner stores (Loblaw, Real Canadian Superstore etc.) Shoppers Drug Mart and so on. Recommended reading: PC Financial World Elite Mastercard ReviewThe World Elite version of these cards is a strong point earner for purchases made at locations where you earn PC Optimum points but purchases made outside of that it sees an earn rate that is pretty average at only 1%…What Credit Score Is Needed for a House?
– canadianfinanceblog.com
According to CMHC, the share of new mortgage holders with credit scores below 660 in Canada has dropped significantly over the past decade, from 8.0% to less than 5% on a national basis. In the fourth quarter of 2021, the rate was 4.5%. While there may be several reasons for this, the evidence suggests that lending criteria are tightening.
We all know that having good credit is essential when you want to borrow money. But how good does your credit have to be to get a mortgage in Canada, and what kind of credit score do you need to have? This article will tell you what credit score you should shoot for and what options you have if you have a low credit score.
What Is Considered a Good Credit Score?
The majority of credit scores in Canada range between 500 and 800, with 500 considered poor and 800 or above excellent. I’ve broken the different ranges down below, and for more information, feel free to check out our guide to credit scores in Canada.
We all know that having good credit is essential when you want to borrow money. But how good does your credit have to be to get a mortgage in Canada, and what kind of credit score do you need to have? This article will tell you what credit score you should shoot for and what options you have if you have a low credit score.
What Is Considered a Good Credit Score?
The majority of credit scores in Canada range between 500 and 800, with 500 considered poor and 800 or above excellent. I’ve broken the different ranges down below, and for more information, feel free to check out our guide to credit scores in Canada.
800 and over: Excellent
720-799: Very Good
650-719: Good
600-649: Fair/Average
Under 600: Poor
How Can I Check My Credit Score?
If you’re unsure what your credit score is, you can obtain it from one of Canada’s two credit bureaus, Equifax and TransUnion…
The credit card to consider getting right now – May 2022
– RewardsCanada.ca
We continue our new monthly feature where we recommend a card to consider applying for right away during the course of the current month. How do we pick which card should be highlighted? We’ll look at numerous factors however in most cases it will primarily be due to the limited time offer on the highlighted card ending that month or shortly thereafter. In some cases, it may be different factors or a combination of factors like we saw last month. This month it’s the former however, where it is simply an offer that will be ending.Disclaimer: This post is guidance provided by us for our readers – you don’t have to go out and get this card if it doesn’t suit your needs!The credit card to consider right now – May 2022 The card to consider getting right now in May 2022 is the TD First Class Travel® Visa Infinite* Card Why is this is the card to consider right now?The limited time welcome bonus of up to 100,000 points, 0% interest on travel purchases made in the first six months and a first year annual fee rebate ends on May 29…
