How to go about securing the best rate and plan for your credit card in Canada.
Latest News
In reality only a few programs will be affected by the proposal to make points expiry illegal + MORE Dec 2nd
It has been quite the frenzy over the past 24 hours (we've completed 7 interviews and 1 more to go) in regards to the the proposed bill in Ontario that would make the expiration of points and miles illegal. In our post yesterday we wondered if the bill would cover both Expiry and Inactivity Rules or.... More »
Vote for your favourite credit cards and loyalty programs in Canada’s Choice 2023 + MORE Sep 25th
This is where, you, the Canadian consumer get to vote for your favourite credit cards and loyalty programs in Canada!! Voting is quite simple, once you click the icon or link below you will be asked to select one card or loyalty program (or none at all if you are not familiar with a certain [….... More »
Payment processing firm cuts Amex credit card interchange fees by 50% for small businesses + MORE Mar 5th
The Canadian Federation of Independent Business has struck a deal to get its members much lower fees on credit card purchases when customers pay with an American Express card and use..... More »
Banks reject more card applications + MORE Mar 23rd
Lenders stamped 'reject' on more credit card applications in the New York Fed's latest survey, reversing course.... More »
Private markets getting more accessible to public as funds roll out credit options + MORE Mar 23rd
All about Canadian credit cards. Learn the ins and outs and get the latest news.
New welcome bonuses on the American Express Gold Rewards, Platinum & Business Platinum Cards - RewardsCanada.caAmerican Express has launched new increased welcome bonus offers on their Gold Rewards Card and B.... More »
Don't Blame the Fed for Low Rates
– online.wsj.com
Long-term rates reflect weak job creation and credit demand, both a result of President Obama’s poor economic stewardship.8 injured in fire at oil refinery in Mexico; state-owned oil company downgraded
– canadianbusiness.com
MEXICO CITY – Mexico’s state-run oil company said a fire Tuesday at one of its refineries has injured eight people.
Petroleos Mexicanos said in a statement that its firefighters had controlled the blaze at the Antonio Dovali Jaime refinery in the southern state of Oaxaca. It said none of the injuries to two Pemex workers and six contractors was serious.
The company said it was investigating the cause, but that the supply of petroleum products was guaranteed.
It was a day of bad news for Pemex, as the company is known.
Moody’s Investors Services downgraded Pemex’ foreign and local currency ratings from A3 to Baa1.
It placed a negative outlook on the company’s ratings, in the face of continued low oil prices, falling production, high taxes and an expected deterioration of its credit situation.
Pemex responded Tuesday, saying in a statement that it had taken steps to reduce costs, including raising the minimum age for full-wage retirement for its workers from 55 to 60 years…
Petroleos Mexicanos said in a statement that its firefighters had controlled the blaze at the Antonio Dovali Jaime refinery in the southern state of Oaxaca. It said none of the injuries to two Pemex workers and six contractors was serious.
The company said it was investigating the cause, but that the supply of petroleum products was guaranteed.
It was a day of bad news for Pemex, as the company is known.
Moody’s Investors Services downgraded Pemex’ foreign and local currency ratings from A3 to Baa1.
It placed a negative outlook on the company’s ratings, in the face of continued low oil prices, falling production, high taxes and an expected deterioration of its credit situation.
Pemex responded Tuesday, saying in a statement that it had taken steps to reduce costs, including raising the minimum age for full-wage retirement for its workers from 55 to 60 years…
Pre Holiday Credit Card Debt Already at 2-Year High
– ratesupermarket.ca
By: Barry Choi
With Black Friday week marking the unofficial start to the holiday shopping season, many Canadians are hoping to get an early start on their spending. But how much money do they plan on dropping? The average is $1,551, according to a new study from BMO Financial Group.
Holiday spending doesn’t include just gifts anymore; according to the study, travel is now the biggest expense with the average person spending $686. Gifts, of course, are still a major part of the holiday season with people spending an average of $563, while entertainment accounts for $228.
Overall, planned spending is up just a touch compared to last year, but Canadians are now using a smart but potentially dangerous tactic to offset their costs.
Cutting Holiday Costs with Credit Card Rewards
Credit card rewards have always been appealing. By simply paying for your purchases with credit you can earn cash back, travel, or store credit rewards. The key is to pick a rewards credit card that suits your shopping habits so you can maximize your earnings potential…
AutoCanada to issue $75-million of new shares in bought deal
– theglobeandmail.com
Canada’s largest publicly traded dealership group is issuing $75-million in new equity to reduce debt under its revolving credit facility
November 24 Update: Air Canada adding revenue component to Altitude qualification, Aeroplan eStore bonus, WestJet Black Friday sale!
– RewardsCanada.ca
Another day with bad news surrounded by good or neutral news and bonuses News, Tips & TricksAs a nice addition to our Top 6 tips for maximizing miles on your holiday shopping Aeroplan eStore launched a 5x miles event on all purchases until November 30. Find out more here.The bad news today of course is the addition of a revenue requirement to earn Air Canada Altitude status that kicks in for 2017 qualification (ie travel in 2016) Read about the change here. Come join us at the Canadian Points University in January! You can save $20 off the ticket price when you use promo code REWARD20 ! Visit the site here. Posts since our last update: Compendium of current buy, gift & transfer miles and points bonuses If you have been following Rewards Canada for sometime you’ll know that we keep track of all the current buy/gift/transfer…Air Canada Altitude moves to Altitude Qualifying Dollars instead of minimum Air Canada Flight Requirement As you know several years ago Air Canada added the requirement that you needed to have a certain amount…IHG Rewards Club: 50% off Las Vegas Reward Nights—24 Hours Only Another reward night flash sale from the fine folks at IHG! This time its for their two prime locations… Travel Deals WestJet Black Friday Sale – Over 500,000 seats on sale between C$99 and C$399…
