This Week in RWRDS: July 26, 2024 – What is going on with PC Optimum? + MORE Jul 27th

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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The best GIC rates in Canada for 2025 + MORE Aug 5th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
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Balancing personal and financial goals as you build a new life in Canada + MORE Nov 20th

Starting over in a new country can feel like being handed a blank canvas and a long to-do list. There’s the excitement of exploring your new surroundings, trying new foods, and building a life from scratch. But alongside that is the very real pressure of needing to get your finances in order. F.... More »
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Missed credit payments grew by 4% in the first quarter of 2025 + MORE May 29th

There’s a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago, a new Equifax report shows. Rebecca Oakes, Equifax Canada’s vice-president of advanced analytics, said much of the trend stems from the high cost of living.... More »
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“I’m interested in visiting Europe”: How this student can build a credit score while earning valuable travel rewards Sep 18th

Aya Kinsey, 18 Occupation: University studentAnnual income: Not yet known (likely some freelance income)Financial goals: Build a credit score and travel In September, Aya Kinsey entered her first year of studies at Western University in London, Ont., where she is studying economics. She’s livi.... More »

The Best Small Business Credit Card Welcome Bonus Offers for September 2024 + MORE Sep 9th

Here are Rewards Canada’s Top 5 Small Business Credit Card Sign Up offers for September This is not a ‘best’ credit card list like our overall Top Travel Rewards Credit Card rankings but rather a look at small business cards that have the best welcome bonus offers. As always when c.... More »
Harris freshens up her message on the economy as Trump and Republicans go after her on inflation  CTV NewsAs she is poised to be the Democratic nominee, here are 5 facts about Kamala Harris  NPRThe Future Of The Child Tax Credit In A Harris Administration  ForbesHarris maintains Biden’s pledge not to raise taxes on middle class  POLITICOBloomberg Intelligence: Harris Campaign, US Earnings  Bloomberg

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Harris freshens up her message on the economy as Trump and Republicans go after her on inflation  CTV NewsAs she is poised to be the Democratic nominee, here are 5 facts about Kamala Harris  NPRThe Future Of The Child Tax Credit In A Harris Administration  ForbesHarris maintains Biden’s pledge not to raise taxes on middle class  POLITICOBloomberg Intelligence: Harris Campaign, US Earnings  Bloomberg

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CIBC Costco Mastercard review: Is it the best credit card for Costco in Canada?Costco is a popular shopping destination for Canadians who want deep discounts on bulk buys. The catch? Costco requires you to have a membership to shop there, and that costs either $60 per year (for a Gold Membership) or $120 per year (for an Executive Membership). Costco’s also pickier than most retailers when it comes to credit cards. For example, you can only use Mastercards when cashing out in person or fuelling up on gas at Costco stations.

If you frequently shop at Costco, you’ve likely noticed ads for the CIBC Costco Mastercard. This no-fee credit card doubles as your membership card and offers rewards on your Costco purchases. But is it the best credit card for frequent Costco shoppers? Read on to learn more about the CIBC Costco Mastercard, and find out how you might earn even more rewards with a few alternative credit cards.

CIBC Costco Mastercard review

featuredCIBC Costco MastercardVISIT CIBC.CA FOR MORE DETAILS
Annual fee: $0

Rewards: 1% – 3% cash back

3% at restaurants and at Costco gas stations

2% back at other gas stations and at Costco…

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Whether they’re shopping at multiple stores, flipping through flyers or seeking out independent grocers, many Canadians say they have changed their grocery shopping habits in recent years as a response to high inflation and, for some, growing distrust of large chains. 

“We’ve really cut back on impulse buys. And we’ve really taken to, let’s not have the deep freeze full, let’s not have the fridge full, let’s not have the pantry full,” said Alberta resident Robin Dingwell.

He and his wife have started prioritizing grocery stores that price-match and checking flyers ahead of time. 

“Price-matching has been the biggest thing for us,” he said. 

Like Dingwell, many Canadians say they are being more mindful when they shop, eyeing promotions and sales and often planning their shopping trip around flyer deals. 

Best grocery credit cards in Canada
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Alison Forde in Hamilton, Ont., said she shops more often to take better advantage of specials and sales, is seeking out store brands for more value, and finds herself doing more in-store comparisons to discern which products are worth her money…

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This week we look at another issue that has arisen for Loblaw’s PC Optimum program, the new Neo World Elite Mastercard, the 5 best DQ Rewards redemptions and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Topics of discussion Neo […]
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