'We've got to change this industry, before more consumers get hurt,' senators tell former Equifax CEO + MORE Oct 4th

How to go about securing the best rate and plan for your credit card in Canada.
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Q&A with author Emma Johnson on protecting credit as a single parent + MORE Oct 17th

As a single mom going through a big life change, it's critical to stay on top of your credit because that's when you're going to need it most.... More »

The Difference Between a Secured and Unsecured Loan Oct 12th

The two most common types of loans are secured and unsecured loans. Whether you’re looking to borrow money for a new car or even a vacation, it’s best to understand your options before applying. What is a secured loan? Secured loans are generally more customizable and negotiable. They can have .... More »
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One week left to grab the higher sign up bonus on the Starwood Preferred Guest Credit Card from American Express + MORE Oct 13th

Wow three months sure do fly by! It feels just like yesterday when the increased sign up offer on the Starwood Preferred Guest Credit from American Express launched but alas it was not. In fact it has almost been three months and the offer will wrap up next week on October 18th. If you don't have th.... More »

‘I’m just so furious’: Mother and son both fall victim to Equifax Canada hack + MORE Oct 21st

Robin Harvey thought she was being financially prudent when she urged her son to sign up to monitor their credit files at Equifax Canada in 2013. Her son was graduating from university at the time, and the former journalist pushed him to keep a close eye on his records while reactivating her account.... More »
October 4 Update: New Amex Centurion Lounge in Hong Kong along with new entry rules, The Bisha - a new Toronto Hotel & moreIt’s a lounge kind of day! We brought you the review of the Plaza Premium Lounge in Winnipeg and the following news as well:American Express’ new Centurion Lounge in Hong Kong is now open and with that news also comes further restrictions on access to Centurion Lounges. No longer will they be available to any American Express cardholders. Gone is the option for those holding non-Platinum or Centurion Cards to access the lounges for a fee. Entry is strictly restricted now to Centurion and Platinum Cardholders. Now more than ever does it make sense to grab yourself The Platinum Card from American Express if your travels take you to any of the cities that have Centurion Lounges or even anywhere else because of the other lounge access options the card provides.One of Toronto’s newest boutique hotels opened up recently, The Bisha is part of the Loews Hotel famly and looks like a super cool place to stay! The hotel has 96 rooms that were designed by Studio Munge and have some exclusive guestrooms and suites envisioned by Lenny Kravitz…

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After a student loan default and rehab, the negative mark should disappear after 7 years, but you need additional positive credit lines contributing to your credit to rebuild a good score.

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Churning Credit Cards: The Pros and Cons
Churning credit cards is a sport of sorts among rewards collectors, allowing some to redeem points to claim hotels and flights for next to nothing. Sounds pretty appealing – but what exactly is churning?
Churning is when you apply for multiple credit cards just to get the big signup bonuses being offered at the time. And since yearly fees are usually waived for new applicants in the first year, you can simply cancel your card before the first year is up to avoid any charges. Rinse and repeat this cycle and it’s easy to earn points fast, hence the term “churning.”
The churning game has become incredibly popular – there are even Reddit subs and Facebook groups dedicated to Canadian credit card churning techniques. But, of course, there are pros and cons to this strategy so make sure you understand all the risks before you start to apply for new cards.
Pros of Churning Credit Cards
You can earn points fast
The main reason why people churn credit cards is because they want to earn points fast…

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Oct. 4, 2017: Interest rates on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report.

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Senators expressed bewilderment Wednesday that credit reporting company Equifax, under siege after a data breach affecting more than 145 million people, has received a $7.25 million contract with the IRS to provide taxpayer and personal identity verification services.

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