What is a Secured Credit Card and How Does It Work? + MORE Jun 29th

All about Canadian credit cards. Learn the ins and outs and get the latest news.
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What you need to know about REITs Dec 1st

I crouched down to see the ants crawling along the baseboard, coming together in a living insect puddle near the side door. I assured my tenant I would handle it, and called the pest management company to take care of the problem, giving them my credit card number and a few hundred dollars in the pr.... More »
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Top 5 Small Business Credit Card Sign Up offers for June - These cards provide the best value out of their welcome bonuses + MORE Jun 7th

 Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As a.... More »
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November 10 Update: Save up to 15% on Hyatt stays, 30,000 bonus PC Optimum points at Shoppers Drug Mart & 12,500 bonus Be Well points at Rexall + MORE Nov 11th

Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
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April 14 Update: Aeroplan's generous refund policy extended, What you actually have to spend to get a credit card bonus & Maximizing elite status benefits from The Platinum Card + MORE Apr 15th

Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more.  Air Canada's generous refund policy for Aeroplan flight rewards tickets has been extended by one month to May 31 from April 30. This mean.... More »
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May 25 Update: Muir Autograph Collection Halifax will be a Category 6 hotel, discussing unused miles & points plus reduced redemption rates for Amex prepaid cards May 26th

Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 70,000 bonus points a.... More »
June 28 Update: Two Scotia cards you may want to grab this weekend and WestJet adds two new sun destination routesWe’ve received details of Scotiabank credit card offer updates that will launch on July 2. The Scotiabank Passport Visa Infinite Card and the Scotiabank Momentum Visa Infinite Cards will both see their welcome bonuses lowered so if you have been contemplating getting either of these cards I would recommend applying for them by Monday! The Passport Visa will be 5,000 points lower than the current offer while the Momentum card loses the 10% welcome bonus but retains the first year free offer. Remember we are only a little over a month away from the changes coming as well to the Scotiabank Gold American Express Card (Read about those changes here)WestJet is adding two new sun destination routes for the Winter 2019/20 season. Those new routes are Calgary to Punta Cana (on a 767) and Victoria to Los Cabos (737-700) Both routes will operate 1x weekly. (Source Routesonline) Posts since our last update:IHG Rewards Club Accelerate Part 2 – Earn 500 to 40,000 or more points on your IHG stays worldwide until Oct 31 IHG Rewards Club has launched a second version of their Accelerate offer which is something different from IHG since…Podcast Episode 56 is here! Should you be hoarding your credit card points? Interview with Rob Carrick Episode 56 – June 27, 2019 Should you be hoarding your credit card points? Interview with Rob Carrick This week…Hilton Honors: 100% bonus when you buy 40,000 or 80,000 points until July 4 Hilton Honors has released another buy points flash sale promotion for their members! This one is a bit different…Save 3 cents per litre at Shell stations with BMO AIR MILES & Shell Mastercard cards until October 31 BMO, Shell and AIR MILES launched a new offer on their co-brand credit cards today…

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What is a Secured Credit Card and How Does It Work?
A good credit history is important for everyone. It’s a gateway to more borrowing options and the basis of a positive financial future. But what if you have no credit, or some unfortunate marks on your record make it hard to get a new card?
That’s where a secured credit card may come in. It can help to build good credit, even when other lenders have turned you down. It’s a good idea to know the full details of signing up for a secured card, so you get the best deal to help improve your financial situation.
How Does A Secured Card Work?
To get a secured card, you give the cash value of your credit limit to the company. So if your limit is $500, you’ll have to pay $500 before you can begin using the card. This protects the lender in the event of default.
The amount of security you have to provide depends on the card issuer, but many secured credit cards have modest limits of a few hundred dollars and therefore require modest security.
What Happens to Your Security Funds?
Your funds are held by the card issuer…

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Podcast Episode 56 is here! Should you be hoarding your credit card points? Interview with Rob CarrickEpisode 56 – June 27, 2019 Should you be hoarding your credit card points? Interview with Rob Carrick This week we welcome one of Canada’s foremost Personal Finance Columnists, Rob Carrick of the Globe and Mail as a guest! Back in May he wrote an article on how he was gulity for hoarding credit card reward points. In this episode Jeff and Rob discuss the pros and cons of hoarding and in reality why you should be using your points and miles sooner than later! Image courtesy Globe and Mail Click Here to download the podcastOr download/subscribe via: Links relating to this week’s topic: Tell me you’re not hoarding your credit card reward points (Globe and Mail paid subscription required)

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