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
Earn up to 4x points on IHG stays as of today & Wyndham launches a new offer of 7,500 bonus points after 2 stays + MORE May 19th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposits± .... More »
Jan 16 Update: Tip for dealing with less knowledgable Customer Service agents, British Airways Flight+Hotel deals, new Kaligo bonuses + MORE Jan 17th
Here is what we have for you in our final update of the week: News, Tips & Tricks Here is our tip of the day: On our mbna Alaska Airlines MasterCard Review blog post, we recently received a comment stating that you couldn't use Alaska Airlines Mileage Plan miles unless you were flying.... More »
RWRDS Daily Update – November 22 + MORE Nov 23rd
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Two new Amex Offers New Amex Offers came out yesterday that offer statement credits for Fresh and Microsoft: Spend at least $100 in qualifying purchases using your .... More »
Capital One ending its relationship with Costco and Hudson's Bay Oct 30th
While perusing Twitter last night I came across this tweet from Andrew Clarke (who used to do PR at Capital One Canada) announcing the changes coming to the American bank's Canadian operations:I would say this is definitely sad news! More downsizing is not what the Canadian economy needs but u.... More »
October 28 Update: Massive devaluation to Delta SkyMiles partner award flights, Amex offers Amazon Prime Update + another 3x/5x multiplier & OWG delays first flights + MORE Oct 28th
News out of the U.S this morning that Delta SkyMiles has significantly increased redemption requirements for award travel on partner airlines between the U.S. and Europe & Asia. Delta pretty much considers Canada as the same as the U.S. so these new non-published award rates would apply.... More »
Oct 28 Update: American AAdvantage 2015 program, 500 bonus Aeroplan Miles with Marriott in the U.S., another Delta SkyMiles devaluation?
– RewardsCanada.ca
A relatively quiet start to the week! News, Tips & TricksSeveral blogs and people FlyerTalk are stating the you can no longer book stopovers on Delta Airlines SkyMiles award tickets. It may be too early to tell if this a permanent change or a technical glitch. We’ll keep you in the loop on this potential devaluation if it sticks.We highlighted the 2015 American AAdvantage program which includes the integration of US Airways Dividend Miles. Read all about it here. Only a few more days to vote for your favourite Travel Rewards Credit Card. If you haven’t voted yet be sure to do so by Friday night! Vote here.In the bonus offer section we visit the new Aeroplan partner transfer bonus again but if you want more details on it you can read our separate post here. There is also a new Aeroplan bonus for Marriott stays in the U.S. (this seems to be a recurring bonus nowadays) and a new Dividend Miles buy miles bonus which isn’t as lucrative as it used to be.Bonus Offers Air Canada Aeroplan- Earn up to 25,000 Bonus Aeroplan Miles when you convert points from a wide selection of Aeroplan partner loyalty programs (hotel, car rental, and points…Credit Card Showdown: mbna SmartCash World MasterCard vs. American Express SimplyCash Card
– RewardsCanada.ca
Welcome to Rewards Canada’s second ever credit card showdown. We tested this concept a little over a year ago in this type of showdown but haven’t done one since. Now we hope to make it a more frequent feature here on Rewards Canada. With Cash Back credit cards becoming more popular and more of our readers asking us about them we figured we would compare two of the top no fee based cash back cards, the mbna SmartCash World MasterCard and the American Express SimplyCash Card. (Don’t worry, we’ll have a fee card showdown coming soon as well!) Like the previous showdown I am writing this piece with the intent that the reader has at least some knowledge of the cash back process and credit card reward programs. You don’t have to be an expert but if you are new to the rewards game some of this may not make sense to you. Also know that there are other cash back cards that may work better for you but we have set up this feature like a boxing match so we only compare two cards but those two are typically very popular or at the top end of the offerings in the Canadian market…Could This Be The End of Credit Card Interchange Fees?
– ratesupermarket.ca
Did you know – each time a credit card is used to make a purchase in-store, a fee is charged to the merchant? Ranging from 1.5 per cent to 4 per cent, these charges – known as interchange fees – have long been a point of contention among retailers. The issue has plagued the Conservative government for many years and, after announcing it would be addressed in the last Throne Speech (and with the federal election looming in 2015), the Tories are taking action. Or at least, they’re trying to.
What is Being Discussed
The federal government is asking for a voluntary reduction of credit card interchange fees by 10 per cent. With MasterCard and Visa owning over 90 per cent of the credit card market, the negotiations are ongoing.
MasterCard and Visa don’t benefit directly from interchange fees – it’s the big banks that are earning a tidy sum. MasterCard and Visa are vehemently opposed to regulation, saying there’s no proof that the savings will be passed along by retailers to consumers…
