All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
RWRDS Daily Update – February 26, 2024 + MORE Feb 27th
WestJet, United and JetBlue all raise checked bag fees, a New Amex Offers statement credit for Noble Estates and Catch up on This Week in RWRDS. Check out today's points and miles updates here:
The post RWRDS Daily Update – February 26, 2024 appeared first on Rewards Canada..... More »
Your FHSA timeline: What to invest in and when + MORE Nov 28th
Before you make an offer to buy your first home, you’ll have to determine your budget and save up enough money for a down payment (typically about 20% of the home’s value). That’s probably going to be a good chunk of change—Canada’s housing market is expensive, and if you put down less tha.... More »
Earn up to 10,000 bonus Aeroplan points on Air Canada flights Worldwide + MORE Sep 5th
Air Canada launched a worldwide seat sale today and are also offering bonus Aeroplan points on all eligible flights booked during the sale. Aeroplan members can earn up to 4,000 points for Canada, U.S., Mexico and Caribbean flights or up to 10,000 points for Europe, Asia Pacific, Africa, and South.... More »
I cosigned a motorcycle loan and the owner passed away. What are my obligations to the bank? + MORE Apr 27th
A MoneySense reader writes:
Help! I cosigned a motorcycle loan and then the owner passed away. Can you explain what my obligations are to the bank? Will my credit rating be affected? What are my next steps? – Amber
What to know about cosigning a loan
Anytime you co-sign for a loan, you’.... More »
45,000 point offer on the Scotia Gold American Express ending early, Oman Air will join the oneworld Alliance & Novotel Hotels celebrates the LIGHTYEAR Movie Jun 20th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. We have been advised that the current welcome bonus offer on the Scotiabank Gold American Express card will now end on June 29 instead of July 4. The offer provi.... More »
Earn up to 3,000 bonus Aeroplan Points on Air Canada flights to the U.S.
– RewardsCanada.ca
Air Canada has a new flight bonus offer for Aeroplan members travelling out of Canada to the U.S. This offer awards up to 3,000 bonus Aeroplan points depending on which fare class you buy. You must register for this offer and book flights between April 20 and May 4 for travel until August 31, 2022Offer details:Earn up to 3,000 bonus Aeroplan Points when you fly on Air Canada between Canada and the U.S. Bonus awarded on round trip travel or two one way trips. Book by May 4 for travel until Aug 31, 22. Click here to register for this offer (Registration is required)Bonus awarded as follows:Premium Economy/Business offer: Earn 3,000 Aeroplan bonus points when flying on any eligible route between Canada and the USA (applicable on round trip or two one-way trips only).Eligible Fares: Premium Economy lowest, Premium Economy flexible, Premium Rouge, Business Class lowest; and Business Class flexible.Economy offer: Earn 1,000 Aeroplan bonus points when flying on any eligible route between Canada and the USA (applicable on round trip or two one-way trips only)…Canada’s best credit cards for people with bad credit 2022
– moneysense.ca
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. However, if you want to improve your credit score, you’ll have to prove you can handle credit responsibly—and one way to do that is (you guessed it) to have a credit card. When used responsibly, having and using a credit card can actually be a helpful tool to assist in rebuilding bad credit. While a low credit score might limit which credit card you can qualify for, luckily, there are a whole host of products catered to people with this issue. While these often come with higher interest rates and lower spending limits, they can be a good starting point to re-establishing a respectable credit score, which in turn will help you get approved down the line for loans, a line of credit or even a mortgage. Some of these cards even earn you rewards, too.Find your next credit card.What kind of credit card are you looking for? Get matched with the best cards for you in under 2 minutes at ratehub…
How Does Credit Card Interest Work in Canada?
– canadianfinanceblog.com
Everyone knows that credit card interest rates are among the highest of any borrowing product, outside payday loan companies, and other last-resort lenders. That’s why it’s so important to pay off your credit card balance in full each month.
But there’s more to credit card interest than the high rates. This article will cover other things about credit card interest, including the interest-free grace period and how cash advances work.
Interest-Free Grace Period
Before we get into the various ways credit card companies charge interest, it’s important to remember that you won’t pay any interest on a credit card if used properly. That’s because most credit card companies have a 21-day grace period between the time you make a purchase and when the credit card company begins charging interest. No interest will be charged as long as you pay off your balance in full within that grace period.
Cash Advances
The grace period doesn’t include cash advances. A cash advance refers to the money you borrow from a credit card that doesn’t involve a purchase…
But there’s more to credit card interest than the high rates. This article will cover other things about credit card interest, including the interest-free grace period and how cash advances work.
Interest-Free Grace Period
Before we get into the various ways credit card companies charge interest, it’s important to remember that you won’t pay any interest on a credit card if used properly. That’s because most credit card companies have a 21-day grace period between the time you make a purchase and when the credit card company begins charging interest. No interest will be charged as long as you pay off your balance in full within that grace period.
Cash Advances
The grace period doesn’t include cash advances. A cash advance refers to the money you borrow from a credit card that doesn’t involve a purchase…
The best store credit cards in Canada 2022
– moneysense.ca
Creatures of habit, rejoice! Your loyal shopping behaviours may just pay off, big time. If you shop regularly at certain retailers, using a store credit card can help you to earn discounts, free goods and exclusive perks by swiping or tapping for everyday purchases. Spending with a store credit card can even give you VIP access to sales. And if you already collect loyalty points, they’ll likely accumulate even quicker with a store credit card. Considering that these cards typically have no annual fee, the reasons to switch are racking up quicker than your latte charges. Read on to see which are the best store credit cards in Canada for making your daily spending work for you.
Best store credit cards in Canada
Best for Loblaws, Shoppers Drug Mart and Esso — PC Financial World Elite
Best for shopping local — The Neo Card
Best for Canadian Tire, Sport Chek and Mark’s — Triangle Mastercard
Best for Amazon — Amazon.ca Rewards Mastercard
Best for Walmart — Walmart Rewards World Mastercard
Best for Costco — CIBC Costco Mastercard
Honourable mention — Scotiabank GM Visa Infinite
If you spend at Loblaws, Shoppers Drug Mart and Esso
PC Financial World Elite Mastercard*
This credit card brings something more to the table–get it? Arguably the best no fee card credit for groceries in Canada, the PC Financial World Elite Mastercard earns you PC Optimum Points faster when you shop at any of the Loblaw banner stores (Loblaws, No Frills, Superstore, Fortinos, etc…
