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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If filing your taxes over the next few weeks isn’t on your calendar, it certainly should be. Tempting as it may be, this is one area where procrastinating can only make things worse.
Unlike sales tax, which is a pay-at-the-pump proposition, Canada’s income tax system is based on self-assessment.... More »
Reminder - Only three weeks left to earn those American Express Shop Small statement credits + MORE Aug 21st
Back in June American Express Canada launched the best ever version yet of their Shop Small campaign and this is just a reminder to all of our readers that you have a little over two three weeks left to earn those credits for shopping at those small and independent Canadian merchants!The.... More »
RWRDS Daily Update – September 11, 2023 + MORE Sep 11th
Marriott Bonvoy to offer Elite Status soft landing for 2024, New Amex Offers statement credit for Lego and WestJet extends Winnipeg-Ottawa flights to year round service. Check out today's points & miles updates here:
The post RWRDS Daily Update – September 11, 2023 appeared first on Rewards C.... More »
February 19 Update: List of authorized hotels for Canada's mandatory hotel stopover requirement, Amex mobile payment bonus points posting & another 100K offer for PC Financial Mastercards + MORE Feb 19th
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. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus points, no.... More »
November 5 Update: Top Credit Card Sign Up Offers, New concept Holiday Inn Express opens in Victoria, $5000 Biz Clas ticket for $3300 + MORE Nov 5th
After a couple of days filled with lots of news we can take a bit of a breather today! News, Tips & TricksIHG's has been introducing a new design concept to their Holiday Inn Express brand of hotels and today marks the opening of their first new design location in Canada. The Holiday Inn Exp.... More »
The Best Low Interest Credit Cards of 2015
– canadianfinanceblog.com
If you regularly carry a balance, you will probably need a low interest credit card. Low interest credit cards can also help with your debt repayment plan. It’s hard to pay off debt efficiently when you are stuck paying 19.99%. It can make a big difference to have a lower interest rate.Low interest rate credit cards are helpful for the occasional large purchase that might require three or four months to pay off. Think about your plans for the future, and consider whether or not you might benefit from the right low interest credit card. Here are some of the best low interest credit cards available in Canada:
Scotia Momentum No-Fee VISA Card – If you are looking for a low interest credit card without an annual fee, this can help. You can receive a 7.99% APR on purchases for the first 6 months if you open your account by October 31, 2015. This can be a great way to save money on larger purchases.
Not only does this card come with a low initial interest rate, but it also offers rewards…
Survey: Average card rates stay at 15 percent for 8th week
– creditcards.com
Aug. 12, 2015: Average credit card interest rates remained at 15 percent Wednesday for the 8th consecutive week, according to the CreditCards.com Weekly Credit Card Rate Report.
5 credit score oddities
– creditcards.com
Quirks in the credit scoring formula make unexpected things help or hurt
Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy
– canadianbusiness.com
WASHINGTON – Citizens Bank has been ordered to pay $34.5 million in refunds and penalties for shortchanging customers on their full deposits.
Federal regulators said Wednesday the Providence, Rhode Island-based bank kept the difference when deposit slips and the actual amount of money transferred didn’t match.
The Consumer Financial Protection Bureau, FDIC and Office of the Comptroller of the Currency ordered Citizens Bank to pay $14 million in refunds to customers and $20.5 million in penalties.
Regulators say Citizens Bank only looked into discrepancies greater than $25 or $50. More than 475,000 business and consumer accounts were affected between January 2008 and November 2013.
Regulators called the bank’s actions unfair and deceptive.
Citizens Bank says it has corrected its system for handling mistaken deposit slips and has adequate reserves to cover refunds and fines.
The bank operates in 11 states.
The post Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy appeared first on Canadian Business – Your Source For Business News.
Federal regulators said Wednesday the Providence, Rhode Island-based bank kept the difference when deposit slips and the actual amount of money transferred didn’t match.
The Consumer Financial Protection Bureau, FDIC and Office of the Comptroller of the Currency ordered Citizens Bank to pay $14 million in refunds to customers and $20.5 million in penalties.
Regulators say Citizens Bank only looked into discrepancies greater than $25 or $50. More than 475,000 business and consumer accounts were affected between January 2008 and November 2013.
Regulators called the bank’s actions unfair and deceptive.
Citizens Bank says it has corrected its system for handling mistaken deposit slips and has adequate reserves to cover refunds and fines.
The bank operates in 11 states.
The post Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy appeared first on Canadian Business – Your Source For Business News.
Citizens Bank is returning $14 million to individual and business customers in an agreement with federal regulators for failing to credit customers the full amounts of their deposits.
