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
The RBC British Airways Visa Infinite Card will now earn up to 3 Avios per dollar spent + MORE Apr 15th
The RBC British Airways Visa Infinite Card was made even better today with the introduction of improved earn rates. This card that is primarily targeted towards Canadians who fly with British Airways or other oneworld airlines will now earn up to 3 Avios per dollar spent. In addition to the new earn.... More »
Credit cards that help you avoid those dreaded airline fees & Rewards Canada's Guide to Business Class Lounge Access both see updates + MORE Sep 7th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. We've updated the popular feature Credit cards that help you avoid those dreaded airline fees to reflect the changes to the National Bank of Canada World Elite M.... More »
Earn bonus Aeroplan points when you fly Air Canada to or from Ontario + MORE Feb 8th
Air Canada Aeroplan has a new promotion to earn bonus Aeroplan points for taking multiple flights to or from Ontario. To me it appears that is a response to all of Porter Airlines new flights to/from major cities across Canada out of Toronto. More so it does seem targeted to keeping business travell.... More »
The Best Travel Credit Card Welcome Bonus Offers for January 2024 Jan 7th
Here are the Best Travel Credit Card Sign Up offers for the month of January 2024. This is not an overall ‘best’ credit card list like our recently released Top Travel Rewards Credit Card rankings for 2024 but instead a look at cards that have the most valuable welcome bonus sign up offe.... More »
RWRDS Daily Update – October 2, 2023 Oct 2nd
Earn up to 12,000 extra Aeroplan points per member on select Air Canada vacation packages and catch up on This Week in RWRDS. Check out today's points and miles updates here:
The post RWRDS Daily Update – October 2, 2023 appeared first on Rewards Canada..... 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…
