How to go about securing the best rate and plan for your credit card in Canada.
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Earn up to 110,000 welcome bonus points on the American Express Gold & Platinum Cards + MORE Apr 22nd
For the past month American Express has had limited time increased welcome bonus offers on their consumer and business Gold and Platinum cards in place and we are coming down to those offers ending soon. These new offers are in place until May 11, 2022 and offer up to 110,000 welcome points. H.... More »
Private Mortgage Lenders: How Private Mortgage Loans Work in Canada + MORE Mar 27th
For various reasons, not everyone can qualify for a mortgage through a conventional lender, such as a bank or credit union. Sometimes, the only option is to obtain financing through a private mortgage lender. But what is a private mortgage lender, and how do private mortgages work?
In this article, .... More »
American Express Cobalt Card: 50,000 welcome bonus points worth $500 or more when you get the best credit card in Canada + MORE Feb 28th
As you may already know the American Express Cobalt® Card had some amazing changes made to it last summer that added more fuel to the already best travel rewards credit card and made it the best cash back credit card in Canada. And if you don't have the card yet now is the time to get it as.... More »
Walmart Rewards World Mastercard coming this September Aug 15th
The market continues to get flooded with new credit cards. One of the latest to be announced is the Walmart Rewards World Mastercard. The card is being released just as the original Walmart Rewards Mastercard celebrates its 10th anniversary in Canada. The new card will open up for applications.... More »
PC Optimum Points: How to maximize your rewards in 2023 Mar 14th
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PC Optimum Points: How to earn, redeem and maximize your rewards in 2023
If you frequently shop at Loblaw-affiliated stores, the right PC Financial Mastercard or a PC Money Account can help you earn serious PC Optimum points.
Compare options.... More »
October 4 Update: New Amex Centurion Lounge in Hong Kong along with new entry rules, The Bisha – a new Toronto Hotel & more
– RewardsCanada.ca
It’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…Q&A: How to raise credit score after student loan is rehabilitated
– creditcards.com
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.
Churning Credit Cards: The Pros and Cons
– ratesupermarket.ca
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…
Rate survey: Average card APR holds steady at 16.15 percent
– creditcards.com
Oct. 4, 2017: Interest rates on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report.
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.
