How to go about securing the best rate and plan for your credit card in Canada.
Q. I own U.S. stocks and Canadian stocks in my RRSP and RESP accounts for my kids. I do all the investing myself. I get annual performance statements from the bank that holds my RRSP online account and it shows about $200 in withholding tax. What is this? How can I claim it when I file taxes, and h.... More »
Irish ExaminerFor Spanish and Catalan economies, no winners from standoffNational PostMADRID — Xavier Gabriel can take some credit if the tiny Catalan mountain town of Sort is one of the most famous in Spain. He runs a lottery shop called La Bruja de Oro, or The Golden Witch, in a town whose name,.... More »
Taking Credit for UN Budget Cut, Trump's Envoy Hints at More to Come - New York Times + MORE Dec 26th
New York TimesTaking Credit for UN Budget Cut, Trump's Envoy Hints at More to ComeNew York TimesAt least four times in the past week, the Trump administration has linked financial support for the United Nations to compliance with American demands. First President Trump and his ambassador, Nikki.... More »
Expect no change on your credit score when bankruptcy's discharged. For scoring purposes, it's the date it was filed what counts..... More »
This is an excerpt of a feature that appears on the main Rewards Canada site which has been updated to incorporate new cards and cards that have changed since the original feature was posted in 2015:Now that we are in 2015, American Express is gone from Costco Canada stores and Mastercard is in. Wh.... More »
October 4 Update: New Amex Centurion Lounge in Hong Kong along with new entry rules, The Bisha – a new Toronto Hotel & more
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…
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 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…
Oct. 4, 2017: Interest rates on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report.
'We've got to change this industry, before more consumers get hurt,' senators tell former Equifax CEO
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.