Weekly rate report: Average card APR climbs to all-time record high of 17.07 percent + MORE Oct 11th

How to go about securing the best rate and plan for your credit card in Canada.
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Weekly rate report: Average card APR remains at record high of 17.07 percent for second week + MORE Oct 18th

October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report..... More »
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Earn up to 6,000 Bonus Aeroplan Miles on Air Canada flights to Asia + MORE Oct 16th

Air Canada launched a new flight bonus promotion for travel to Asia last week. This offer provides up to 6,000 bonus miles for the flights we list below. Always great to have a bonus for flights that you may be planning (the bonus is available on bookings made prior to October 11) and maybe if you a.... More »
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HSBC World Elite Mastercard Review Oct 20th

The HSBC World Elite Mastercard is a relatively new card in the Canadian market. This is not their 'Premier World Elite' which is meant for people who bank at HSBC but rather this card is for any Canadian and it is essentially the same as the Premier version. When HSBC launched .... More »

Millionaire with a low credit score: Options for improving Oct 12th

If you have plenty of cash on hand to eliminate your bad debts, you should do it. But it still may not improve your credit score right away..... More »
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Loyalty Lesson Learned - Don't brush off reward programs + MORE Oct 19th

We welcome guest contributor, Matthew Couto - a Millennial traveller who left his desk job to travel the world. We learn a lesson from his travels and time off - using a rewards program credit card could have helped him save a lot more money by helping to pay off some of those travels. In this piece.... More »
October 10 Update: Fly WestJet lie flat business class for about $1,600 one way, BMO Rewards pay with points rate and more!Today has been all about WestJet and WestJet Rewards and we continue to talk about it a bit more here in our daily update. The tickets for the new Boeing 787 long haul flights are now available for purchase and fares from Calgary to London, Dublin and Paris start around C$360 each way for economy class, $1,000 for premium economy and $1,600 for lie flat business class. Look at those full fare business class fares though….. Also I couldn’t find any low business class fares to LGW in April and May – guess that’s based on what AC may be pricing their LHR flights for.Another topic we discussed way back in January was BMO offering a pay with points feature that was coming soon to BMO Rewards. We missed the launch of it, it may have been a long time ago but who knows as we just came across it now. Anyways the feature is available and is offered at 15,000 points for $50 credit. This translates to a cash back return of 0.67% to 1% for the BMO Rewards World Elite Mastercard as that card earns to 2 to 3 points per dollar spent…

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Want to take a family vacation instead of the traditional dinner at home this Thanksgiving? Here are five great destinations, and how you can save on travel costs with credit card rewards.

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October 10, 2018: The average credit card interest rate smashed another record this week, climbing to 17.07 percent – an all-time high.

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WestJet Rewards introduces a new top elite tier - Platinum As part of WestJet’s global strategy which included the unveiling of their 787 routes today, they have also announced a new elite tier in the WestJet Rewards program. The new tier is Platinum and it marks a new top tier level for the frequent flyer program.Here are the details of the new Platinum tier (along with the other tiers for comparison)To reach the new Platinum status level you will need to spend $8,000 (before taxes/fees) with WestJet during your 12 month qualification period which based on the day you joined WestJet Rewards. For example if you joined May 12, 2018 you would need to reach $8,000 in spending by May 12, 2019 to receive Platinum status for the remainder of your qualifying year and the entire next qualifying year.The key benefits of the new Platinum tier are:8% earn rate on WestJet flights. That’s a pretty big return that only gets bigger if you tie that in with the 2% earned on the WestJet World Elite Mastercard for a total return of 10%! Double the WestJet dollars on partner flights (Delta, Air France, KLM etc…

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Lesson learned: Once Christian started charging thousands of dollars on his cards each month for his online home repair business, his large credit utilization prevented him from getting a line of credit.

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