All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Increased welcome bonus for the CIBC Aerogold Visa Infinite card - up to 20,000 Aeroplan Miles + a $120 Air Canada Gift Card + MORE Jul 4th
It's been sometime since we've seen CIBC come out with an offer outside their standard one for the CIBC Aerogold Visa Infinite card! The new offer for this card sees the welcome bonus miles boosted by 5,000 miles to 20,000 miles. That's broken down into 15,000 miles upon first purchase and 5,000 mor.... More »
CFPB reports credit reporting industry doing better + MORE Mar 3rd
The CFPB has made strides to protect consumers from credit report mix-ups, but it may not live to finish the job.... More »
August 11 Update: The new Aeroplan program revealed, new podcast episode on airline refunds & 12 new miles and points bonuses + MORE Aug 11th
Not much news out today other than the huge news about the new Aeroplan program. Read our post here about the new program and keep an eye for more posts over the next few days dissecting the various aspects of the program from credit cards to pros and cons and more. I decided to take more .... More »
RWRDS Daily Update Oct 11: Earn 3% Cash Back when booking hotels via Avion Rewards (includes any card with Avion select!) Oct 11th
Earn 3% Cash Back when booking hotels via Avion Rewards Select and paying with any eligible linked credit card and Fly with JAL to Japan and receive a free Domestic flight. Check out today's points & miles updates here:
The post RWRDS Daily Update Oct 11: Earn 3% Cash Back when booking hotels v.... More »
Offer Extended: Earn up to 60,000 Bonus Avios with the RBC British Airways Visa Infinite Card + save 10% on all BA flights + MORE Mar 4th
RBC has let us know they have further extended the best ever welcome bonus on the RBC British Airways Visa Infinite Card. For quite sometime this card had an offer of up to 50,000 Avios however RBC bumped that up by 10,000 Avios last September. It was set to end on February 28 but now y.... More »
Putting a big-ticket item on a card: 7 questions
– creditcards.com
Done right, a credit card can be the best tool for an expensive item. You can see whether it’s right for you by answering these questions
Dollarama to charge $4 for certain items
– moneysense.ca
MONTREAL – Dollarama is taking the first steps towards accepting credit cards as it prepares to introduce higher priced items next year, with the discount retailer saying it will accept the cards at more than 80 stores in British Columbia starting in early 2016.
“What we’re looking for is to improve the shopping experience of our customers while stimulating more sales to offset the costs,” said chief financial officer Michael Ross.
He said the pilot project will help the company determine customer use of credit cards and whether it has a meaningful impact on sales.
Sales tend to be higher when payment methods other than cash are used, but that also increases the cost to the merchant, who usually must rebate a percentage to the bank or other card issuer.
The truth about dollar stores and expired food »
Dollarama did not say which cards would be accepted at its outlets or specify the length of the pilot project.
The last credit card trial in 2010 ended after 12 months without any action…
“What we’re looking for is to improve the shopping experience of our customers while stimulating more sales to offset the costs,” said chief financial officer Michael Ross.
He said the pilot project will help the company determine customer use of credit cards and whether it has a meaningful impact on sales.
Sales tend to be higher when payment methods other than cash are used, but that also increases the cost to the merchant, who usually must rebate a percentage to the bank or other card issuer.
The truth about dollar stores and expired food »
Dollarama did not say which cards would be accepted at its outlets or specify the length of the pilot project.
The last credit card trial in 2010 ended after 12 months without any action…
Rebuilding credit? Go easy on new accounts
– creditcards.com
When working to rebuild your credit, open and maintain only two or three new cards. Any more could hurt more than help
Liberals Pass the Middle-Class Tax Cut
– ratesupermarket.ca
The Liberal government is putting into motion some of the economic promises made to Canadians during their campaign. Helping the ailing middle class, which was a major theme in last week’s throne speech, is now official as the Liberals have passed the aptly-named middle-class tax cut.
But that’s not the only tax change in store for Canadians; the nation’s wealthiest can expect a 2016 tax increase along with a higher charitable donation tax credit for that income bracket.
Canada’s New Tax Changes
It’s time for the middle class to catch a (tax) break; the second income bracket for middle-class Canadians will drop from 22 per cent to 20.5 per cent starting next year for those with taxable income between $45,282 and $90,563. This adds up to savings of about $680.
To pay for the tax cut for the middle class, the so-called “one per cent” will have to cough up more; those with taxable income above $200,000 will see a new tax bracket of 33 per cent (the top tax bracket of 29 remains for those with taxable income between $140,388 and $200,000)…
Number of new cards soars, but credit limits tight
– creditcards.com
An American Bankers Association survey finds subprime borrowers regaining access to credit, but not to a lot of it
