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Latest News
RBC British Airways Visa Infinite Card limited time bonus of extra Avios on purchases and lowered spend requirement for the companion voucher + MORE Sep 26th
Knowing that travel is curtailed RBC has revealed two new limited time offers/adjustments for those that hold their RBC British Airways Visa Infinite Card. Those are a boost to the earn rate on the card and a lowering of the spend requirement to earn the annual companion voucher.Extra AviosAll.... More »
Airport Reward Programs: What You Need to Know Feb 14th
After enrolling in brand loyalty programs, amassing frequent flier miles, and getting a credit card with great rewards, what’s next? Many airports have started offering their own rewards programs, earning you bonus points for everything from duty-free shopping to parking. Whether you’r.... More »
RWRDS Daily Update – March 7 + MORE Mar 7th
We review the American Express Aeroplan Card; 2,000 Free Points for joining ITA Airways Volare and The British Airways Economist offer will end March 31. Check out today's miles and points updates here:
The post RWRDS Daily Update – March 7 appeared first on Rewards Canada..... More »
A look at the new Air Canada Aeroplan small business co-brand credit cards + MORE Nov 17th
Next up in our coverage of the new Air Canada Aeroplan program is our look at the small business co-brand credits for the program. We'll cover all the cards here in one post rather than an individual post for each card like we did for the consumer cards. There are two levels of business.... More »
July 15 Update: The soon to re-open Park Hyatt Toronto jumps to Category 6 from Category 4 & free Hertz Gold Plus Rewards Five Star elite status + MORE Jul 15th
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. Much like last week's update on new Marriott Hotels in Canada we have a mid-year update on new Hyatt Hotels in Canada. We now know the P.... More »
Survey: Average card APR jumps to new record of 15.89 percent
– creditcards.com
June 14, 2017: The national average APR for new card offers bounced to another all-time high this week, according to the CreditCards.com Weekly Credit Card Rate Report.
Can I get a credit card if I don't have a job?
– creditcards.com
At 19 with no income, it’s time to explore other ways to build a credit history
Merchants given right to apply Visa, MasterCard surcharges
– theglobeandmail.com
It is unclear whether businesses will actually apply the extra fees
Amount Canadians owe compared with income ticks lower but still near record high
– canadianbusiness.com
The amount Canadians owe compared with their income ticked lower in the first quarter but remained near record levels as mortgage debt continued to climb.
Statistics Canada said Wednesday the amount of household credit market debt as a proportion of household disposable income slipped to 166.9 per cent in the quarter compared with 167.2 per cent in the fourth quarter of last year.
That means that for every dollar of disposable income, Canadians owe about $1.67.
Economists and policy-makers, including the Bank of Canada, have raised concerns about household debt and see it as a key risk to the economy.
Low interest rates have fuelled the growth in household debt in recent years, but the central bank has started dropping hints that may be changing as the economy has improved.
Canadians should be thinking about what their finances would look like were interest rates to rise, Bank of Canada governor Stephen Poloz said this week.
Royal Bank economist Laura Cooper said the cost of servicing debt has remained broadly unchanged in recent years, but households’ sensitivity to rate hikes is likely greater now than when rates have risen in the past…
Statistics Canada said Wednesday the amount of household credit market debt as a proportion of household disposable income slipped to 166.9 per cent in the quarter compared with 167.2 per cent in the fourth quarter of last year.
That means that for every dollar of disposable income, Canadians owe about $1.67.
Economists and policy-makers, including the Bank of Canada, have raised concerns about household debt and see it as a key risk to the economy.
Low interest rates have fuelled the growth in household debt in recent years, but the central bank has started dropping hints that may be changing as the economy has improved.
Canadians should be thinking about what their finances would look like were interest rates to rise, Bank of Canada governor Stephen Poloz said this week.
Royal Bank economist Laura Cooper said the cost of servicing debt has remained broadly unchanged in recent years, but households’ sensitivity to rate hikes is likely greater now than when rates have risen in the past…
Aimia suddenly suspends dividends following Air Canada’s decision to cut ties
– canadianbusiness.com
Aimia Inc. (TSX:AIM) is immediately suspending all dividends on common and preferred shares, including previously declared payments that were to be made at the end of this month.
The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer.
Aimia says the dividend suspension is required following Air Canada’s decision to stop using Aeroplan and launch its own customer reward program in 2020.
That announcement sparked a major decline for Aimia shares, which closed at $1.89 on Tuesday, worth less than one-quarter what they were worth prior to May 10.
Aimia says a capital impairment test required by the Canada Business Corporations Act prevents it from paying the dividends, even though it has the liquidity to do so.
“Our business continues to perform well and generate strong free cash flow,” executive chairman Robert Brown said in a statement.
Shareholders who are entitled to previously declared dividends may be paid at a future date…
The Montreal-based company runs Aeroplan and other customer reward programs for various businesses including Air Canada (TSX:AC), its original customer.
Aimia says the dividend suspension is required following Air Canada’s decision to stop using Aeroplan and launch its own customer reward program in 2020.
That announcement sparked a major decline for Aimia shares, which closed at $1.89 on Tuesday, worth less than one-quarter what they were worth prior to May 10.
Aimia says a capital impairment test required by the Canada Business Corporations Act prevents it from paying the dividends, even though it has the liquidity to do so.
“Our business continues to perform well and generate strong free cash flow,” executive chairman Robert Brown said in a statement.
Shareholders who are entitled to previously declared dividends may be paid at a future date…
