RWRDS Daily Update – August 13, 2024: Get up to 50,000 Aeroplan points back on car rental redemptions + MORE Aug 14th

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?
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 air miles

World & World Elite Mastercards losing free Boingo Wi-Fi benefit on September 30, 2024 Sep 16th

Canadian issued World Elite Mastercard and World Mastercard card’s will be losing their much advertised free global Wi-Fi benefit from Boingo at the end of this month. As of September 30th the benefit which was key to bringing free Wi-Fi on WestJet flights will no longer be available on the ro.... More »
 credit

Year-end tax-saving tips for Canadians for 2024 + MORE Dec 5th

Hear me out. Year-end tax planning can be financially rewarding. It’s a shame so few people do it. There are three objectives: plan to reduce taxes for the current year with legitimate planning opportunities, go back and recover overpaid taxes in prior years and, finally, set yourself up to minimi.... More »
 visa

Redeem AIR MILES for Orlando travel and get up to 50% back in miles! + MORE Sep 17th

Starting today AIR MILES Collectors who redeem miles for Orlando travel can get up to 50% of the miles back as a bonus! This offer is valid for flight or hotel bookings made via AIR MILES Travel by October 31, 2024 for travel completed by March 31, 2025. The up to 50% back in miles […] The pos.... More »
 amex

The expanded RBC-More Rewards partnership is here – RBC cardholders can now earn 2x More Rewards points on groceries + MORE Jun 3rd

The expanded partnership between RBC and Pattison Food Group’s More Rewards officially launched today. First announced in March 2024, the partnership first saw the launch of the RBC More Rewards Visa Cards earlier this year and now this additional earning opportunity for holders of other RBC c.... More »

RWRDS Daily Update – August 28, 2024: Air Canada offers flexible rebooking policy for potential strike + MORE Aug 29th

Air Canada offers flexible rebooking policy in light of a potential pilot strike and Last chance for Porter Airlines AIR MILES Card linked bonus miles offer. Check out today's points & miles updates here: The post RWRDS Daily Update – August 28, 2024: Air Canada offers flexible rebooking poli.... More »
Ask MoneySense
I would like to see an article on what to do when the credit card becomes less useful, such as when the introductory benefits wear off. Is it best to let it go dormant? What about fees? Will it affect my credit rating? How many cards is too many?

—Lisa

Should you keep a credit card you don’t use?

Thank you for your questions, Lisa. When the introductory perks of your credit card come to an end, it’s common to wonder if the card is still worth keeping. In this article, we’ll look at the pros and cons of letting the card sit unused, as well as how to understand potential fees and how it may impact your credit score.

The best credit cards for bad credit
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What happens when the promo expires?

When promo offers for a credit card in Canada expire, cardholders often see a shift in the terms and conditions of their account.

Typically, when you get a new credit card, the benefits might include promotional interest rates, bonus rewards points or cash-back offers for spending a certain amount in the first few months…

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Get up to 50,000 points back when redeeming for car rentals with Aeroplan and Earn 2x DISCOVERY Dollars and save 30% on stays at Pan Pacific Hotels in Toronto & Vancouver. Check out today’s points & miles updates here:
The post RWRDS Daily Update – August 13, 2024: Get up to 50,000 Aeroplan points back on car rental redemptions appeared first on Rewards Canada.

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