The Equifax hack is Canada’s problem, too. So where’s the outrage? + MORE Sep 16th

All about Canadian credit cards. Learn the ins and outs and get the latest news.
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One credit card for everything: Pros, cons and tips to make it work + MORE May 18th

Using just one credit card for everything has pros and cons. Here's how to make the best out of having a single card in your wallet..... More »
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The Ultimate Guide to Credit Card & Loyalty Programs for the All Inclusive Vacationer + MORE Sep 23rd

This feature was originally published on the Rewards Canada website in October of 2019 and has been updated for 2021! With travel starting to open up more for Canadians many people will be looking to get away this winter to some sunny destinations and the good news is you can use your cred.... More »
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March 2 Update: WestJet news delayed, Priority Pass adds restaurant at JFK and Fairmont 3 for 2 offer + MORE Mar 2nd

Well on Wednesday there was going to be some big news from WestJet but that has been delayed to sometime in spring apparently. As soon as we hear something that we care allowed to share we'll be sure to pass it along! The latest trend for airport business class lounge access program Priority Pass.... More »
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Credit Memo vs. Debit Memo: What’s the Difference? + MORE Apr 8th

If you pay close attention to your bank statements, you may notice an item labelled, “credit memo”, from time to time. But without more information, it’s hard to know what the credit memo is for; why you received extra money in your account. The same goes for “debit memos.” Businesses also.... More »
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Aeroplan extends the expiry date on Buddy Passes earned from co-brand credit cards Jun 22nd

 Great news for those of you who are holding on to Buddy Passes or have been considering applying for an Aeroplan co-brand card that offers a Buddy Pass. Those booking window for passes have been extended by Aeroplan to December 31, 2022 for travel into December 2023. Rewards Canada reader Jose.... More »
The credit monitoring company’s call centre staff have told callers that only Canadians that have credit files in the U.S. were likely to be impacted

Continue Reading On theglobeandmail.com »

If you’re applying for a second card, don’t close the first one. It could boost your credit score.

Continue Reading On creditcards.com »

OTTAWA _ The amount Canadians owe compared with their disposable income hit a record high in the second quarter as per capita household net worth inched lower.
Statistics Canada said Friday household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.
That means for every dollar of household disposable income there was $1.68 in credit market debt.
The increase in the debt ratio came as household net worth on a per capita basis fell by $1,300 to $285,900.
“A decline in household net worth, albeit modest, alongside a sharp increase in consumer credit growth are notable as together they suggest that the ability of households to absorb higher interest rates continued to deteriorate,” RBC economist Laura Cooper wrote in a report.
Household debt has been identified as a key risk for the economy as low interest rates have made it easier for Canadians to borrow money. However, rates have started to climb in recent months…

Continue Reading On canadianbusiness.com »

Equifax is in deep trouble, and so are the many lenders who shared customer credit information with the company

Continue Reading On theglobeandmail.com »

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