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April 7 Update: New Amex Offer for Direct Energy, Visa & Mastercard raise tap limits to $250 and Royal Air Maroc officially joins oneworld + MORE Apr 8th
Another new offer is out with Amex offers. The latest is spend at least $100 in qualifying electricity and natural gas purchases with Direct Energy and earn a $25 statement credit. Limit of 6 credits. Simply register for the offer via the Amex App or your American Express account online. Persona.... More »
Amex Membership Rewards to the new Marriott Rewards/Starwood Preferred Guest program conversion rate is here! Jul 21st
A question that has been asked by many and to which I have not had the answer to is 'What will the Membership Rewards conversion rate be to the new Marriott/SPG program"! Many American Express cardholders (primarily Cobalt and Gold Rewards Card) have been wondering this and now we have the answer:We.... More »
Rate survey: Average card APR climbs to record high of 16.11 percent + MORE Jul 26th
July 26, 2017: The national average APR for new credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate Report..... More »
Making it all work + MORE Dec 30th
(Photograph by Jennifer Roberts)
We invited our readers in January to take an active role by writing to us and explaining in a few sentences why they needed a personalized money makeover with a MoneySense Approved Financial Advisor. We got close to 400 letters and, in the end, chose two couples and .... More »
WestJet elite members can earn up to 2x qualifying spend on WestJet flights for the remainder of the year + MORE Jun 5th
WestJet is looking forward to travel returning this year and to encourage their elite members to fly with them they launched this pretty sweet offer! For the remainder of the year all WestJet Rewards elite tier members (Silver, Gold, Platinum) can earn up 2x qualifying spend when they fly on WestJet.... More »
Scotiabank to pay $300M for 51% stake in Cencosud’s Chilean credit card business
– canadianbusiness.com
TORONTO – Scotiabank (TSX:BNS) says it will acquire a 51 per cent interest in the credit card and consumer loans business of Cencosud SA, the largest retailer in Chile, in a deal valued at $300 million.
The transaction includes a 15-year partnership between Scotiabank and Cencosud.
The financial services arm of Cencosud will continue to operate as a standalone business, with oversight from a board of directors representing the two partner companies.
The transaction will make Scotiabank the third-largest credit card supplier in Chile, one of the countries that it has identified as an area of growth.
Scotiabank chief executive Brian Porter told shareholders in April that the bank wants to sharpen its focus in Peru, Colombia, Mexico and Chile.
Cencosud is a retail conglomerate operating in five countries, including Argentina, Brazil, Peru and Colombia and its financial service arm currently has 2.5 million credit cards with more than US$1.2 billion in Chile.
“Scotiabank is excited about this acquisition because it will strengthen our credit card offerings for our customers and attract new customers to the bank,” said Wendy Hannam, Scotiabank’s executive vice-president for Latin America…
The transaction includes a 15-year partnership between Scotiabank and Cencosud.
The financial services arm of Cencosud will continue to operate as a standalone business, with oversight from a board of directors representing the two partner companies.
The transaction will make Scotiabank the third-largest credit card supplier in Chile, one of the countries that it has identified as an area of growth.
Scotiabank chief executive Brian Porter told shareholders in April that the bank wants to sharpen its focus in Peru, Colombia, Mexico and Chile.
Cencosud is a retail conglomerate operating in five countries, including Argentina, Brazil, Peru and Colombia and its financial service arm currently has 2.5 million credit cards with more than US$1.2 billion in Chile.
“Scotiabank is excited about this acquisition because it will strengthen our credit card offerings for our customers and attract new customers to the bank,” said Wendy Hannam, Scotiabank’s executive vice-president for Latin America…
Scotiabank strikes again in Latin America, buys credit card business
– theglobeandmail.com
Buys majority stake in Chilean credit card provider to beef up market share
