How to go about securing the best rate and plan for your credit card in Canada.
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Canada’s best credit cards for grocery purchases 2022 + MORE Feb 2nd
Everybody needs to put food on the table, so you might as well earn rewards while doing so. Considering that the price of food in Canada is predicted to rise between 5% and 7% this year (nearly $1,000 more per year for a family of four), there’s no better time to earn useful rewards and cash back .... More »
Top Canadian Credit Card Issuers Cut Interest Rates and Pause Planned Hikes Apr 13th
The COVID-19 pandemic has swept many Canadians into unanticipated financial uncertainty. Mass temporary layoffs and job losses have left hundreds of thousands of people wondering how they are going to pay their rent and credit card bills in the coming months.
While the federal government is taking .... More »
The best GIC rates in Canada for 2025 + MORE Jun 9th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
When banks cash your same cheque twice, you may be on the hook to pay + MORE Apr 2nd
Business owners Stefan Marten and Pearl Scott-Marten had to fight to get money back from their credit union after several of the couple's employees cashed their paycheques twice using increasingly popular banking apps that allow cheques to be deposited with a photo..... More »
Podcast Episode 88 - February 21, 2022 BMO, What are you doing? Part II Feb 22nd
Who would have thought that almost exactly a year after we had a podcast "BMO, What are doing?" we release this episode, BMO, What are you doing? Part II. Yes, BMO is at it again, changing their best travel rewards card and for the most part it is getting worse. The BMO World Elite Mastercard wi.... More »
October 3 Update: Podcast Episode 33 is available for download, WestJet adds flights to Mexico City, Amex Cobalt Multipliers
– RewardsCanada.ca
The Rewards Canada Round Up Podcast has returned! Episode 33 is out now for download on Apple iTunes, Google Play, our website and Soundcloud. In this episode we discuss the launch of the American Express Cobalt card, one of the best cards to come out in a long time in the Canadian market and we include interviews with Chef Gordon Ramsay who was the guest of honour at the Cobalt launch event, an interview with David Barnes, American Express Canada’s VP of Advertising & Communications. As an update, last week I let you know that I decided to convert some Diners Club Club Rewards points to British Airways Executive Club to take advantage of a 50% bonus they were running. The transfer was initiated online on the Diners Club website on September 27th and the Avios including the bonus posted on September 30th. Not a bad lag at all for those of you who still have this card and may consider converting in the future. WestJet announced more new routes today with the introduction of flights from Calgary and Vancouver to Mexico City starting in 2018…Ex-CEO of Equifax proposes consumer control of their credit files
– creditcards.com
Equifax ex-CEO Richard Smith told Congress the company will give consumers ability to lock and unlock their credit file for free, says other credit bureaus should follow suit
Military Lending Act credit card rules take effect Oct. 3
– creditcards.com
The Military Lending Act caps finance charges at 36 percent and adds other consumer protections for service members and their dependents. The law’s credit card provisions kicked in Oct. 3, 2017
Equifax revises number of Canadians affected by hack
– moneysense.ca
Equifax Inc. said Monday that it has revised down the number of Canadians affected by its high-profile data breach and now puts the number at about 8,000 customers.
The company previously estimated that some 100,000 Canadians could have had their personal information compromised before a forensic review by cybersecurity firm Mandiant found the actual number to be much lower.
READ: 5 things to know about the Equifax hack
The review adds about 2.5 million Americans to the list of those affected by the massive cyber attack, bringing the total number of people in the U.S. potentially impacted to 145.5 million.
Equifax says the review also determined that some Canadians had their credit card information hacked and will be mailing out written notices to all potentially impacted Canadians, but did not provide a specific estimate.
On a website update, Equifax’s Canadian division said it has not yet mailed out any notices and made clear it would not be making any unsolicited calls or emails about the issue…
The company previously estimated that some 100,000 Canadians could have had their personal information compromised before a forensic review by cybersecurity firm Mandiant found the actual number to be much lower.
READ: 5 things to know about the Equifax hack
The review adds about 2.5 million Americans to the list of those affected by the massive cyber attack, bringing the total number of people in the U.S. potentially impacted to 145.5 million.
Equifax says the review also determined that some Canadians had their credit card information hacked and will be mailing out written notices to all potentially impacted Canadians, but did not provide a specific estimate.
On a website update, Equifax’s Canadian division said it has not yet mailed out any notices and made clear it would not be making any unsolicited calls or emails about the issue…
Should you get a store card after retailer files for bankruptcy?
– creditcards.com
When a retailer like Toys R Us files for bankruptcy, it’s often business as usual as the chain reorganizes. This includes credit cards and loyalty programs.
