All about Canadian credit cards. Learn the ins and outs and get the latest news.
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Canada’s best credit cards for online shopping 2023 Jan 10th
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Best credit cards in Canada for online shopping 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score—no SIN required.
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Scene+ will launch at IGA, Sobeys and other stores in Quebec & New Brunswick on March 23 Feb 23rd
On March 23 the Scene+ program will finish their nationwide roll out at Empire Company Limited stores such as IGA and Sobeys. Stores in the provinces of New Brunswick and Quebec will switch from AIR MILES to Scene+ as will the only hold out in the west, Thrifty Foods. This will mark the completion o.... More »
Earn up to 15,000 bonus Aeroplan points on Air Canada flights between Canada and Japan + MORE Oct 20th
Air Canada is back with another Aeroplan bonus points promotion for flights to Japan. Members can earn up to 15,000 bonus points for flights that are booked in the next week for travel from late fall right through to late spring. The up to 15,000 bonus points offer: Earn up to 15,000 bonus Aeroplan .... More »
November 9 Update: Get ready for a bunch of loyalty program news, Marriott adds a new hotel in Sarnia and Ritz-Carlton Yacht Collection joins Marriott Bonvoy + MORE Nov 10th
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 »
New year, new spending habits + MORE Dec 1st
Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.
Money mistake #1: Not paying off debt quickly
If you’re in the red, youâ.... More »
What Is the Minimum Credit Score Required for a Mortgage In Canada?
– canadianfinanceblog.com
There are many things you need to have in place before getting a mortgage in Canada. One of the most important is to have a good credit score. But what constitutes a good credit score? After all, there are many different mortgage lenders out there, and each one has its lending criteria that they follow. This article will let you know what credit score you’ll need to qualify and what else you need to consider before starting your mortgage application.
Minimum Credit Score Needed for an Insured Mortgage
On July 1, 2020, Canada Mortgage and Housing Corporation (CMHC) increased the minimum credit score requirement on insured mortgages from 600 to 680. This represented a significant jump, and the response from industry experts was mixed. Many felt that the new benchmark was too restrictive and would result in too many Canadians not entering the housing market.
CMHC’s minimum score applies to at least one borrower on a mortgage. This makes the situation a bit more flexible for couples, as only one borrower needs to exceed the 680 threshold…
Minimum Credit Score Needed for an Insured Mortgage
On July 1, 2020, Canada Mortgage and Housing Corporation (CMHC) increased the minimum credit score requirement on insured mortgages from 600 to 680. This represented a significant jump, and the response from industry experts was mixed. Many felt that the new benchmark was too restrictive and would result in too many Canadians not entering the housing market.
CMHC’s minimum score applies to at least one borrower on a mortgage. This makes the situation a bit more flexible for couples, as only one borrower needs to exceed the 680 threshold…
