All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
January 24 Update: Tapestry Collection, a new hotel brand from Hilton and up to 40% off Etihad flights out of Canada + MORE Jan 25th
News, Tips & Tricks Canadian North is adding some more routes in the Qikiqtaaluk Region of Nunavut that they stopped serving back in 2015. These routes will be available for Canadian North Aurora Rewards members to earn and burn on as well as anyone wanting to redeem 'travel anyhwere' credit .... More »
3 tips for using credit card price protection Jul 7th
Price protection is a little-known credit card perk that could save you hundreds of dollars. But you have to know how it works to take advantage.... More »
A credit card that deserves to be your everyday card + MORE May 30th
More than two-thirds of Canadians don’t use cash for their everyday purchases. There are many reasons for not carrying bills and coins. Electronic payments are convenient, fast, secure—and they often include extras or perks. Given how much we rely on electronic payments, it’s important to have.... More »
You’ve just discovered someone stole your identity—is it too late? + MORE Feb 24th
You just discovered your identity was stolen, but you’re not sure exactly when it happened—it’s possible it was weeks or even months ago. Identity theft can have a serious impact on Canadians’ finances. Is it too late to protect yourself and your credit?
You’re not alone; it’s a commo.... More »
August 12 Update: Canadian airport business class lounges reopening update, another confirmed Cobalt multiplier location & Wayfair returns to Amex Offers Aug 13th
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. Here's a small update to the reopening of some airport business class lounges across Canada that has happened over the past few weeks:National .... More »
Protect yourself from credit card fraud
– moneysense.ca
(Shaun Egan/Getty Images)OTTAWA – As Canadians head out for their holidays this summer, they’re going to be reaching for their credit card to pay their way and experts want them to take some simple steps to protect against fraud.
While entirely eliminating the risk that your card number will be stolen isn’t possible, reducing the chances you will be hit requires mostly common sense.
Don’t lend your card, protect your personal identification number, don’t share your PIN number and check your transactions regularly.
“You should protect your card like you would cash,” says Maura Drew-Lytle, spokeswoman for the Canadian Bankers Association.
Beware of CRA phone scam »
Drew-Lytle says banks are constantly monitoring credit card transactions looking for fraud, so you may want to let your bank know if you’re travelling so they don’t suspect your purchase of a souvenir while on holiday in Europe is someone that has stolen your card.
“If you’re someone that doesn’t travel a lot and all of a sudden they see transactions from Spain on your credit card, they may block it thinking it is fraudulent,” she said…
3 quick, easy, inexpensive credit score rebuilding tools
– creditcards.com
Paying off all your debt at once will help, but it won’t rebuild a slumping credit score by itself. To speed the process, add some new, positive loan payment history. Here’s how
Beware of CRA phone scam
– moneysense.ca
(Getty Images)Beware—another telephone scam is on the rise, and if you’re not careful, it could cost you.
The Canada Revenue Agency (CRA) is warning taxpayers to watch out for scammers that call, impersonate official agents, and issue threats of court charges, jail time and even deportation for failure to pay a fake outstanding tax debt.
The caller then demands to be paid via some pretty unofficial means. For instance, they tend to ask the unsuspecting taxpayer to purchase prepaid credit cards and to stay on the phone with them to pass along the information. They may also request Western Union, MoneyGram or even your bank’s E-Transfer service.
“It’s a massive scam,” says Daniel Williams, a fraud specialist with the Canadian Anti-Fraud Centre. In fact, it’s the biggest phone scam they’re currently dealing with. Out of the 300 or so complaints the Centre can handle daily, lately up to one-third have been regarding the phony CRA callers.
Williams says the amount of money that the fraudsters demand can be anywhere between $700 and $2,500…
Rate survey: Average card APR rises to 15 percent
– creditcards.com
June 24, 2015: Average APR on new card offers inched up this week for the first time in over a month, according to the CreditCards.com Weekly Credit Card Rate Report.
