How to go about securing the best rate and plan for your credit card in Canada.
30% Transfer Bonus for RBC Rewards (Avion only) to British Airways Executive Club is back + MORE Nov 15th
Some of you asked when this bonus would return and we guessed it would be today and it was! We are happy to let you know the much loved transfer bonus from RBC Rewards to British Airways Executive Club is back. Once again the bad news is the bonus is lower just like we saw last May, only 30%.... More »
Nearly a year ago Chase stopped accepting new applications for the Amazon.ca Visa and then late in summer 2017 they also stopped accepting applications for the Marriott Premier Visa card. Now we have received the news that both cards will come to a close on March 15 for existing cardholders. This wi.... More »
Oftentimes, card thieves are not held accountable for their crimes. These victims made sure they were..... More »
Before choosing a particular credit card or bank account or investment account, you likely do your research to find out which one will give you the best return based on your lifestyle and budget. And with so many products on the market, we here at RateSupermarket.ca try to make that decision-making.... More »
American Express confirms removal of the Fairmont President’s Club Platinum membership benefit + MORE Dec 21st
Last Friday American Express Canada sent out an email to holders of The Platinum Card that announced the discontinuation of the Fairmont President’s Club Platinum Membership Benefit. This was pretty much expected since we saw the letter for the Visa Infinite Privilege cards a few weeks ago, a.... 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.