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
Top 5 Small Business Credit Card Sign Up offers for August - These cards provide the best value out of their welcome bonuses + MORE Aug 5th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As always .... More »
Resumption of mandatory random COVID-19 testing for international travellers & earn 2x points for stays at Sonesta Hotels locations in Toronto Jul 16th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. The Canadian Government announced the resumption of COVID-19 mandatory random testing for those entering Canada by air. As of July 19 the random tests will return f.... More »
Researchers find neurons are capable of cooling down inflammation in fat tissue - Medical Xpress + MORE Jun 29th
Researchers find neurons are capable of cooling down inflammation in fat tissue Medical XpressMcMaster study uncovers potential hormonal link to weight loss CHCH NewsProtein revs up metabolism to help mice lose weight while keeping muscle intact FierceBiotechGDF15 pr.... More »
Podcast Episode 105: Checking out the new Aspire | Air Canada Cafe at Billy Bishop Toronto Centre Airport Jun 9th
In this episode we check out the brand new Aspire Air Canada Cafe at Billy Bishop Toronto Centre Airport! Rewards Canada’s Jeff Fredericks had the pleasure of attending the grand opening of the newest business class lounge in Canada and sitting down with Air Canada’s Mark Nasr to discuss.... More »
A redesign is coming—and we can’t wait to show you + MORE Apr 20th
We have exciting news: MoneySense will be getting some upgrades. The core of what we do will stay the same—we’ll continue to bring you high-quality content from the best financial experts in Canada—but we’ll have a fresh new look.
Why are we changing?
We want you to have the best p.... 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…
