New credit card regulations aimed at protecting Canadians went into force on Wednesday. Jim Flaherty, the Minister of Finance was quoted in the official press release, “Our Government has taken action to make financial products more transparent for consumers. The regulations that take effect today will protect Canadians and their families from unexpected costs and [...]
Top 5: Most Expensive Annual Fees
For rewards enthusiasts, paying an annual fee is becoming more common. Here are the top 5 highest annual fee credit cards available in Canada. You’re probably asking yourself, “why would anyone want a high fee card?”. Well, for those who travel every week or businesses that spend hundreds of thousands every month, the benefits of [...]
Capital One Launches Delta Skymiles Cards
World travelers and point hoarders are rejoicing over the recent launch of two Canadian Delta SkyMiles reward cards. Until now, Canadians seeking SkyMiles credit card rewards had to earn them through American Express cards. Capital One is issuing the cards with the MasterCard brand. The SkyMiles cards come is two flavours; the World MasterCard and [...]
Cards for Bad Credit: Explore Your Options
Sometimes unexpected events, such as a job loss, force people to seek new ways to pay for life’s expenses. One of the most convenient ways to tap new funds is through a credit card. However, credit cards are typically an expensive form of financing. With interest rates upwards of 18%, a few missed payments can [...]
Cash Back Cards: Top Picks for 2010
Cash back credit cards allow you to earn a small percentage of each transaction back as a cash bonus. While the amount is usually small, around 1%-3%, the rewards can really add up. What’s the catch? Rewards cards typically carry higher interest rates than other no-frills cards, so we only recommend them to people who [...]
Shoppers MasterCard Review: Free $25 Store Discount
The Shoppers Optimum MasterCard is a great companion to the regular Optimum rewards card. The Optimum rewards program allows you earn points on the things you buy at Shoppers Drug Mart locations throughout Canada. The program is free to join and offers great rewards. For example, every $100 dollars you spend at Shoppers will earn [...]
Credit Balance Insurance: Is it worth it?
During a recent call to my credit card company, the friendly service associate handled my issue quickly and I thanked him for his assistance. Before I could say goodbye, I got a hard sell for a “great new service” that would “help me” if I could no longer pay my bill. Credit balance insurance. I [...]
Sony Card Review: Get 2,000 Bonus Points
The Sony Card MasterCard from MBNA is a top pick in the rewards and points category. The interest rate is competitive with other rewards cards but the biggest benefit of this card is the bonus points offer. Simply make a qualifying transaction (a purchase) and you will receive 2,000 bonus points. You can redeem your [...]
A Lesson in the Cost of Credit
Credit cards are a convenient source of financing. But that convenience is expensive! At an average interest rate of about 18%, and low minimum payment requirements, it can take years to pay off a small balance. Let’s consider a purchase commonly financed with a credit card – a brand new HDTV.
Airmiles Credit Cards: Top Picks for 2010
Loyalty and airmile reward programs are a great way to earn discounts on travel or even free flights. Frequent travelers should have at least one airmiles credit card to take advantage of additional benefits. As the travel season nears, we have complied a list of the best airmile credit cards for 2010. #1 Capital One [...]
- Shoppers MasterCard Review: Free $25 Store Discount
- Top 5: Most Expensive Annual Fees
- Capital One Launches Delta Skymiles Cards
- Cash Back Cards: Top Picks for 2010
- A Lesson in the Cost of Credit
