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June 12 Update: Turo offer for Amex cardholders, new Centurion Lounge to open in Phoenix & Air Canada Business Class sale + MORE Jun 13th
American Express is sending out an offer to many of its cardholders for $100 off a Turo car booking. Check your email for your specific promo code. I received the offer for the personal Platinum Card.Rendering of the new PHX Centurion loungeAlso on the American Express front, the company has anno.... More »
Adding second card may boost thin credit file + MORE Dec 7th
Adding a new card may help sagging score, but paying off debt in collections may help even more.... More »
The Ultimate AIR MILES Credit Card Portfolio + MORE May 3rd
In this feature of Rewards Canada' Ultimate Credit Card Portfolios we look at the ultimate one for earning AIR MILES Reward Miles. We have always recommended that you should carry a Visa, a MasterCard and an American Express card in your wallet. The reason why is that there benefits, promotions .... More »
Give A Mile Flight Hero Christmas Campaign - Help a recipient visit their dad diagnosed with Stage 4 Cancer + MORE Dec 14th
We wanted to update the Rewards Canada community on our progress with this year's Give A Mile Flight Hero Campaign. As you all know we have worked closely with Give A Mile for several years now and we hold this charity close to our hearts. Every year as the Christmas season approaches Give A M.... More »
Agreeableness and your finances: Being too nice can cost you + MORE Oct 24th
A new study shows people who score high for agreeableness are at higher risk for bankruptcy and other financial problems. Nice people also tend to have lower credit scores and less money..... More »
The Conservative government announced its latest tax policy volley last Thursday in Vaughan, Ont. Over the next five years, the value of the newly-promised tax cuts is estimated at $26.8 billion, so this package puts a large dent into any future surpluses. Below, I first outline the details of the tax package and then talk about how much we should rely on the typical ‘who gets what’ analysis. Finally, I go through the three elements of the package and see how well each stands up against tax principles.The first element of the package adds $60 per month to the Universal Child Care Benefit (UCCB) for each child age 0 to 17, which takes the taxable UCCB to a total of $160 monthly for children age 0 to 5 and $60 for those age 6 to 17. The UCCB expansion was twinned with repeal of the non-refundable Child Tax Credit, which had an annual value of $338 per child—but only paid out to those who owed income taxes. The second major element is an update of the Child Care Expenses Deduction by $1,000—the first time the deduction’s value has moved since 1998…
Big Data rewards come with tricky set of risks for companies
– theglobeandmail.com
Companies discover through trial and error that info gathered to tailor offerings to individual customers can also creep them out
The Conservative government announced its latest tax policy volley last Thursday in Vaughan, Ont. Over the next five years, the value of the newly-promised tax cuts is estimated at $26.8 billion, so this package puts a large dent into any future surpluses. Below, I first outline the details of the tax package and then talk about how much we should rely on the typical ‘who gets what’ analysis. Finally, I go through the three elements of the package and see how well each stands up against tax principles.The first element of the package adds $60 per month to the Universal Child Care Benefit (UCCB) for each child age 0 to 17, which takes the taxable UCCB to a total of $160 monthly for children age 0 to 5 and $60 for those age 6 to 17. The UCCB expansion was twinned with repeal of the non-refundable Child Tax Credit, which had an annual value of $338 per child—but only paid out to those who owed income taxes. The second major element is an update of the Child Care Expenses Deduction by $1,000—the first time the deduction’s value has moved since 1998…
The future of payments is wearable, and it’s already here
– canadianbusiness.com
The Bionym Nymi wristband authenticates your digital identity by detecting your heartbeat. (Bionym)Mobile payments are just starting to gain traction in the consumer world, but they’re already behind the curve. Toronto tech firm Bionym today announced a pilot project in association with MasterCard and the Royal Bank of Canada (RBC) that will turn its Nymi wearable into a payment device.
Canadians already use cash for only 10% of their transactions. The vast majority of that non-cash activity is composed of credit and debit cards, and tap-to-pay cards and point of sale (POS) terminals are already in widespread use in Canada. That makes Toronto the perfect test case for Bionym’s undertaking, because the Nymi will use the same near-field communications (NFC) technology in currently-available contactless payment options.
MasterCard’s involvement in a recent $14 million funding round was an early indicator that Bionym was considering the payment space. The pilot will be limited to existing MasterCard account holders, and unlike the much-hyped Apple Pay-enabled Apple Watch, will not require users to have a paired mobile device on hand…
