How to go about securing the best rate and plan for your credit card in Canada.
Latest News
Binance Review: Does It Work for Canadians? + MORE Sep 3rd
What Is Binance?
Binance is the world’s largest crypto exchange and a leading blockchain ecosystem. More than 90 million users worldwide buy, trade, and store more than 350 crypto coins through Binance. But the platform has limitations that impact Canadian users, especially if you live in Ontario..... More »
January 26 Update: Redeem Amex Membership Rewards points for education via HigherEdPoints, AIR MILES Bonus Boom returns February 4 and more! + MORE Jan 27th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus points, no.... More »
'Pay It Plan It' from American Express: Fees, tips; is it worth it? + MORE Mar 7th
"Pay It Plan It" is a flexible payment option offered by American Express in some personal credit cards. Is it worth it? Here's everything you need to know, including fees and tips..... More »
A look at the Canadian airport lounges that may be left for Priority Pass and LoungeKey come July + MORE Apr 19th
Last week we brought you the news that Plaza Premium airport lounges will be leaving the Priority Pass and LoungeKey access programs as of July 1. This doesn't mean that you can't access the lounges, you can but unless you get access from a card like the Platinum Card from American Express or.... More »
Enhanced earning on the Chase Marriott Premier Visa and Starwood Preferred Guest Credit Card for Marriott & Starwood stays! + MORE Nov 16th
We mentioned a few weeks ago on our social media that the Chase Marriott Rewards Visa Card was going to get better and it has, but not only has that card become better so has the Starwood Preferred Guest Card from American Express!Marriott Rewards® and Starwood Preferred Guest (SPG®), the innovati.... More »
June 24 Update: newleaf marks its return, SPG Amex supplementary cards free in first year, Best Western promo update
– RewardsCanada.ca
News, Tips & Tricks If you watched any Canadian news broadcasts last night you’ll have seen one of the big new stories as being the return of newleaf. The ultra low cost carrier was originally slated to start service on February 12th but the CTA did not grant them their license since the flights were not operated by them but by Flair Air out of Kelowna. Flair Air is a division of Kelowna Flightcraft, best known for their cargo services and also the being the airline that was Greyhound Air back in the 90s! Now, it looks like everything has been cleared up with the CTA and newleaf is ready to launch on July 25th with the following schedule:Edmonton – Abbotsford 2 weekly (Day 47)Edmonton – Fort St. John 2 weekly (Day 47)Edmonton – Kamloops 2 weekly (Day 36) Hamilton – Edmonton 2 weekly (Day 15)Hamilton – Halifax 2 weekly (Day 47)Hamilton – Moncton 2 weekly (Day 15)Hamilton – Saskatoon 2 weekly (Day 36)Hamilton – Winnipeg 3 weekly (Day 157)Kamloops – Victoria 2 weekly (Day 36)Kelowna – Regina 2 weekly (Day 47)Kelowna – Saskatoon 2 weekly (Day 36)Kelowna – Winnipeg 3 weekly (Day 157)Winnipeg – Abbotsford 2 weekly (Day 47)Winnipeg – Victoria 2 weekly (Day 47)The airline is going to be run much like Ireland’s Ryanair and the U…Review: MBNA Rewards MasterCard®
– ratesupermarket.ca
Are you looking for a card that gets you rewards for travel or merchandise, as well as cash back? MBNA, a division of the Toronto-Dominion bank, has unveiled another card to help you earn rewards that you can put towards your passions. This group of cards are associated with hundreds of Canadian membership organizations as well as sports teams, educational and financial institutions and charities. The new MBNA Rewards MasterCard® acts as multiple cards in one, is easy to use and has no annual fee.
Card Details
How to Qualify for the Card
You are a Canadian resident with a Canadian credit file
You must be the age of majority in your province or territory of residence
You have not filed for bankruptcy and don’t have any seriously past due payments
Value of one MBNA rewards point: $1.00
What are the best credit cards in Canada? Check out our 2015 Best of Finance picks for travel, merchandise and gift card rewards!
Sign Up Bonus: Average
The 5,000 sign up points that the cardholder receives after their first eligible purchase amounts to $50…
Pay down your mortgage faster to save in interest
– moneysense.ca
OTTAWA – When shopping for a mortgage, most Canadians focus on the interest and how much they can save with a lower rate.
But paying a few extra dollars every two weeks instead of the usual monthly payment or making an extra lump sum payment once a year can also save borrowers thousands in interest and shorten the time it takes to pay off a mortgage by years.
How mortgage payments work »
Wade Stayzer of Meridian Credit Union says homeowners need to understand of how much they can afford to pay and work from there.
“You really need to understand your personal financial situation and what it is you’re trying to accomplish,” said Stayzer, Meridian’s vice-president of sales and service.
The rules governing how much borrowers can increase payments or put down in a lump sum vary depending on the mortgage contract, so it’s important to read the fine print.
For those looking to pay off a mortgage faster and can afford it, Stayzer recommends increasing regular payments over saving up and making an annual lump sum payment…
But paying a few extra dollars every two weeks instead of the usual monthly payment or making an extra lump sum payment once a year can also save borrowers thousands in interest and shorten the time it takes to pay off a mortgage by years.
How mortgage payments work »
Wade Stayzer of Meridian Credit Union says homeowners need to understand of how much they can afford to pay and work from there.
“You really need to understand your personal financial situation and what it is you’re trying to accomplish,” said Stayzer, Meridian’s vice-president of sales and service.
The rules governing how much borrowers can increase payments or put down in a lump sum vary depending on the mortgage contract, so it’s important to read the fine print.
For those looking to pay off a mortgage faster and can afford it, Stayzer recommends increasing regular payments over saving up and making an annual lump sum payment…
