The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
Latest News
RWRDS Daily Update March 24: Earn up to 150 bonus AIR MILES at Shell, Pharmasave or AIR MILES Shops + MORE Mar 25th
AIR MILES Flash Offer - Earn up to 150 bonus miles at Shell, Pharmasave or AIR MILES Shops and an increased welcome bonus offer for the BMO CashBack World Elite Mastercard. Check out today's points & miles updates here:
The post RWRDS Daily Update March 24: Earn up to 150 bonus AIR MILES at She.... More »
A look at the business class redemption feature for the CIBC Aventura Visa Infinite Privilege Card - it offers up to a 7.5% return! + MORE Mar 5th
The CIBC Aventura Visa Infinite Privilege Card is a relative newcomer to our market with it only being released late in 2019 but it is really starting to make some inroads in our market. The card comes with a 50,000 point welcome bonus, a $200 annual travel credit, Priority Pass Lounge access with 6.... More »
Earn 100 Aeroplan Points for every $5 donated to the Canadian Red Cross + a chance to win 250K Aeroplan Points + MORE Sep 9th
During the month of September if you donate to the Canadian Red Cross you will earn Aeroplan points for doing so. Members will earn 100 points for every $5 donated and if you donate $100 or more you'll also be entered for a chance to win one of two 250,000 Aeroplan points prizes. This offer runs.... More »
RWRDS Daily Update March 17: New Amex Offers for Fairmont & Raffles Hotels and United Airlines + MORE Mar 18th
New Amex Offers for Fairmont & Raffles Hotels and United Airlines, Earn 3x Aeroplan points on Air Canada flights out of France and Catch up on This Week in RWRDS. Check out today's points & miles updates here:
The post RWRDS Daily Update March 17: New Amex Offers for Fairmont & Raffle.... More »
RWRDS Daily Update – January 2 Jan 2nd
New RBC Offers from Baton Rouge, Moores, Dropbox and the American Express Centurion Lounge in San Francisco reopens. Check out today's points & miles updates here:
The post RWRDS Daily Update – January 2 appeared first on Rewards Canada..... More »
Why an old debt may vanish from credit report
– creditcards.com
If a legitimate debt disappeared from your credit report, don’t celebrate yet. It might not be gone long.
Canadian banks set aside more money for bad loans to oilpatch, consumers
– canadianbusiness.com
TORONTO – Canadian banks are setting aside more money for sour loans as the oil price shock continues to take its toll on borrowers in Western Canada.
Royal Bank (TSX:RY) said Thursday it has boosted its provision for credit losses to $460 million, up $178 million from a year ago, while CIBC (TSX:CM) earmarked $324 million for bad loans in the second quarter, an increase of $197 million from a year earlier.
Laura Dottori-Attanasio, CIBC’s chief risk officer, says the bulk of the increase can be attributed to companies in the oil and gas sector, although the bank also saw an uptick in bad loans in its credit card and personal lending portfolios.
“You may recall that last quarter, I mentioned that we added nine names to our oil and gas watch list,” Dottori-Attanasio said during the bank’s second-quarter earnings call, referring to energy companies that could struggle to repay their debts.
“Well, this quarter the majority of those names moved to impaired status…
Royal Bank (TSX:RY) said Thursday it has boosted its provision for credit losses to $460 million, up $178 million from a year ago, while CIBC (TSX:CM) earmarked $324 million for bad loans in the second quarter, an increase of $197 million from a year earlier.
Laura Dottori-Attanasio, CIBC’s chief risk officer, says the bulk of the increase can be attributed to companies in the oil and gas sector, although the bank also saw an uptick in bad loans in its credit card and personal lending portfolios.
“You may recall that last quarter, I mentioned that we added nine names to our oil and gas watch list,” Dottori-Attanasio said during the bank’s second-quarter earnings call, referring to energy companies that could struggle to repay their debts.
“Well, this quarter the majority of those names moved to impaired status…
May 26 Update: WestJet dollar earn rates for flying on Qantas, minimum spend increased for the Amex Gold Rewards Card, Air France Flash Sale!
– RewardsCanada.ca
News, Tips & Tricks Earlier in the week we told you about the new WestJet and Qantas frequent flyer partnership. At the time WestJet did not have the earn details for flying on Qantas out yet. They have now been published and you can earn anywhere from 3 to 22 WestJet dollars on Qantas flights. 22 WestJet dollarsmay not seem like a lot for flying Qantas first class over 4,000 miles but if you are someone who doens’t fly on Qantas frequently but do on WestJet then it probably makes sense to credit to WestJet Rewards. If you are frequent traveller on Qantas then you are better off crediting to QFF (including your WestJet flights). Simply frequent flyer program knowledge here. Here is the complete earn chart:We hate seeing changes like this but American Express has changed the minimum spend requirement on the American Express Gold Rewards Card. The card which is ranked #1 overall by Rewards Canada now requires $1,500 in spending in the first three months versus the old $500 to earn the 25,000 Membership Rewards points…
