Save up to 50% on Economy and Business Class award tickets from Toronto to Austria & Poland + MORE Feb 7th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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April 9 Update: Air Canada expands economy fare options, AIR MILES adds more rewards under 1,000 miles, Top Cashback cards update + MORE Apr 10th

Last week Air Canada further updated some of their fare classes. Earlier in the year they launched Economy Basic fares for travel within Canada, then WestJet came out with their own changes for flights beyond Canada and now Air Canada has followed suit with a further expansion of the fares for t.... More »

Rate survey: Average card APR climbs to record high of 16.71 percent May 2nd

May 2, 2018: The average credit card interest rate on new card offers set a new record this week, climbing to 16.71 percent, according to the CreditCards.com Weekly Credit Card Rate Report.... More »
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April 19 Update: Bearskin Airlines leaving Aeroplan, Flair Airlines expanding domestic service, lots of new bonuses + MORE Apr 19th

In what can be seen as another hit to Aeroplan, albeit a small one, as of June 30 Bearskin Airlines will no longer participate in the programs. Full details Flair Airlines is expanding their ultra low cost service with 9 more routes this summer across Canada. Flair does not have a frequent flyer p.... More »
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How to get the pension income tax credit + MORE Feb 12th

Q: I am 65 years old and will have income for the next three years. I want to open a Registered Retirement Income Fund (RRIF) and transfer some money into it to take advantage of the pension credit on a $2,000 withdrawal. While doing so, can I then turn around and use that $2,000 as part of my con.... More »

Should I shop at Whole Foods if I have an Amazon credit card? + MORE May 8th

With 5 percent back at Whole Foods with an Amazon credit card, it can be tempting to shop there. But you'll need to do the math to see if you'll actually save money.... More »
TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance.
As a result, alternative lenders are seeing an uptick in business as brokers increasingly direct home buyers toward borrowing options that are beyond the reach of the Office of the Superintendent of Financial Institutions’ newly enacted tighter lending requirements.
READ: Your mortgage is about to get more expensive
Clients who don’t meet the bar are turning to private lenders, mortgage investment corporations (MICs) and credit unions, which are provincially regulated and not required to implement the stress test, said Carmen Campagnaro, president of Pro Funds Mortgages in Burlington, Ont.
Campagnaro is one of the brokers who said rejected loan applications to traditional lenders have risen by 20 per cent since Jan…

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Save up to 50% on Economy and Business Class award tickets from Toronto to Austria & PolandAs we do each month we bring you the latest set Miles & More “Meilenschnaeppchen” discounted mileage awards!  This month we see the continuation of economy class offers on LOT and something we haven’t seen in awhile, business class offers on Austrian!!These are good for travel on LOT until April 1 with bookings allowed until March 31 while Austrian is good for travel until March 31 and must be booked by Feb 28 You can redeem Miles & More miles for round trip economy class tickets on LOT from Toronto to Poland for only 30,000 miles. This is a 50% discount off the normal Economy Class award ticket price of 60,000 miles and LOT does not charge a lot for additional taxes and fees so this is an ideal redemption to look at!And for business class this month the options between Toronto and Austria on Austrian, the discount is a bit below 50% as you need to redeem 55,000 miles for round trip flights that normally cost 105,000 miles. As we mention every time they have the 50% off economy offer is that you could in theory get close to amount required to redeem for the tickets with grabbing a single credit card that has a $120 annual fee! How so? As we usually mention in this post you can boost your Miles & More account with the Starwood Preferred Guest Credit Card from American Express…

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Top 5 Credit Card Sign Up offers for FebruaryHere are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of February! This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should always take other factors into account other than the sign up bonus, but when most or all of these cards are first year free, they can and do pay off even when you grab them strictly for sign up rewards. In fact all of the cards on this list for September are first year free so you can try them out at no cost and decide later on if the card is right for you. All the while earning the sign up bonus which can be used to subsidize your travels!No change this month once again for the top 5 sign up offers for February – even with the BMO changes announced on January 15th this list focuses on the strength of the sign up offers and not so much on the day to day earn or other elements. Its pretty much about getting in on the offer and then most likely getting out once you use up the rewards from that sign up bonus…

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February 6 Update: Lounge Passes Giveaway winner, Club Carlson hotel category changes with 5 in Canada going down in price!Congratulations to Steve B of Winnipeg who won the 2 Maple Leaf Lounge passes in our giveaway from last week! Club Carlson, the loyalty program for Carlson Rezidor Hotels (think Radisson, Country Inns & Suites) has announced their 2018 hotel category changes. Five hotels in Canada (well Alberta) are changing and the good news is they are all going down a category! Globally there are over 120 hotels changing (either going up or down) and you can view that list here. Primera Air, the low cost European air carrier is expanding their service between Toronto and London Stansted. Bookings must be strong as the initially announced 3x weekly service starting May 19, which still stands but then as of August 24th that will move up 5x weekly service. (Source RoutesOnline). The airline, like most low cost carriers, does not have their own frequent flyer program or participate in other airlines programs but is ideal to be used with Canadian credit card proprietary programs, you can learn about them here and how to use them for airline like this…

Continue Reading On RewardsCanada.ca »

Feb. 7, 2018: The average credit card interest rate smashed another record this week, climbing to an all-time high of 16.41 percent, according to the CreditCards.com Weekly Credit Card Rate Report.

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