How to go about securing the best rate and plan for your credit card in Canada.
Latest News
TD Bank raises rate for variable-rate mortgages + MORE Nov 1st
TORONTO – TD Bank (TSX:TD) is raising the interest rate it charges customers with variable-rate mortgages.
The bank is increasing its TD Mortgage Prime rate to 2.85 per cent from 2.7 per cent, effective Tuesday.
Customers with fixed-rate mortgages are unaffected by the change.
TD’s prime rate fo.... More »
June 9 Update: Mandatory hotel stay and quarantine requirement to be dropped for fully vaccinated Canadians & 35,000 bonus points on more Avion cards Jun 10th
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 World Elite Mastercard which is currently offering a welcome bonus of up to 70,000 bonus points a.... More »
Earn 2,500 bonus points per night for stays at any of three Toronto Airport Marriott Hotels + MORE Jul 7th
Here's another Marriott Bonvoy stay bonus we came across for stays here in Canada. This one covers three hotels around the airport in Toronto. You can earn 2,500 bonus points per night for up to two nights at the Element Toronto Airport, Four Points by Sheraton Toronto Airport or The Westin To.... More »
What is a Secured Credit Card and How Does It Work? + MORE Jun 29th
A good credit history is important for everyone. It’s a gateway to more borrowing options and the basis of a positive financial future. But what if you have no credit, or some unfortunate marks on your record make it hard to get a new card?
That’s where a secured credit card may come in.... More »
Aeroplan IHG Hotels Boxing Week offer - 4x miles if you book by Dec 31 for stays until Apr 30, 20 + MORE Dec 22nd
Not only does Boxing Week mean bonuses from Aeroplan from their eStore (see our post from earlier today) but also some bonus miles for IHG stays! The Boxing Week Aeroplan IHG offer is a great bonus of 4x Miles! Simply register for the offer and book your stay by December 31st to earn 4x miles on all.... More »
Pro Post: Financial Challenges For Newcomers to Canada
– ratesupermarket.ca
A lack of credit and employment history can make it tough for newcomers to Canada to obtain a mortgage, credit card – even a bank account! Guest poster Pracheer Saran, who first moved to Canada from India five years ago, shares his experiences with getting new banking products, finding affordable housing, and adjusting to Canada’s high tax rate.
Starting Over in a New Country
It has been over five years since I immigrated to Toronto from India. As I look back, mixed feelings of naivety, accomplishment and learning overpower me. The learning curve has been an ongoing process for me – though I’ve long been in the habit of calculating the cost of dollars to rupees, which makes everything from coffee to renting an apartment seemingly expensive.
Although I am from Generation Y, having grown up along many world changing events like the development of technology and mass communications, I am still wary about adopting new concepts.
With no family here and with little guidance, my road to settlement in Canada has been mostly through trial and error…
Miles & More up to 50% off Award Ticket Sale: Montreal/Toronto – Europe for only 30,000 Miles in Economy
– RewardsCanada.ca
Lufthansa Miles & More released their latest set of discounted mileage awards “Meilenschnaeppchen” back in April and they include flights out of Montreal on Lufthansa and Toronto on Austrian.You can redeem Miles & More miles for economy class tickets between Montreal and 50+ cities in Europe for only 30,000 miles round trip as well as Toronto – Austria for the same amount! That’s half off the normal price. There are also business class offers for Toronto-Austria on Austrian for only 55,000 miles instead of the regular 105,000 miles. Granted all these tickets will also have fuel surcharges but this is still a pretty good deal when you look at it as a whole in terms of miles+cash outlay. Simply book your tickets by May 15 for travel until June 15th. Full details can be found hereIf you don’t have enough miles you can convert points from the Starwood Preferred Guest Credit Card from American Express (C$1 = 1 Miles & More Mile) however with only 10 days left to book the points may not transfer time…5 things your loyalty program isn’t telling you
– moneysense.ca
Canadian Tire Archives1. Rewards are moving targets. Loyalty programs have carte blanche to change expiry dates, redemption levels and rewards at any time. As recently as last year, for instance, Petro Canada eliminated the option to redeem Petro Points for select free drinks and snacks. They replaced it with a $1-off drink and snack reward on a wider selection of products. “There are changes to Aeroplan and Air Miles every few months, it seems,” says Rewards Cards Canada founder Patrick Sojka.
2. Programs make you spend more. A Maritz Loyalty Marketing survey showed that 70% of Canadian program participants say their memberships increase their likelihood of doing business with a brand. Not only are they coming back, but they’re also spending more. In fact, 31% of the surveyed program members say they tend to spend more after having joined, compared to before. That number jumps to 55% for co-branded payment cards.
3. The burn rate burns, badly. The so-called “burn rate” is really a factor with merchandise and travel reward programs…
May 5 Update: Buy Miles bonuses from US Airways, Avianca, Alaska Airlines & Air France KLM plus many more other bonuses!
– RewardsCanada.ca
May is the month for buy miles bonuses! News, Tips & Tricks Czech Airlines OK Plus has eased up on their mileage expiry rules. The recent rules put in place about 2 or so years ago are being relaxed from 24 months to 36 months or none if you hold elite status or a credit card with the program.Just minutes before this post we posted the newest buy miles offers from Avianca and US Airways, which are by far the two best offers out there but those aren’t the only offers out there. We also added new buy miles bonuses from Air France KLM Flying Blue and Alaska Airlines Mileage Plan to the bonus offers section. While it si not advisable to go out and buy a whole bunch of miles with these last two offers if you are only a few thousand miles short of an award in either program then it can be advantageous to take advantage of buying miles at this time to get the bonus. See the bonus offers section below for more details Bonus Offers Air France KLM Flying Blue – Earn up to 50% Bonus Flying Blue Miles when you buy Flying Blue miles online…
