Since its launch in June of 2010, the MBNA Smart Cash card has become the most popular rewards card at Credit Cards Canada. It was announced today that the card has received an updated look. We think the updated card art has a very fresh look and does a good job of reinforcing the brand. [...]
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Fed Debit Proposal Pounds Visa and MasterCard
Every time you swipe your debit card to make a purchase, the merchant must pay a debit interchange fee. According to the Fed, the average interchange fee was 44 cents (US) in 2009. The Fed’s proposal, released Thursday, is to cap debit interchange fees at 12 cents, which represents a 70% haircut. The news from [...]
MasterCard and Visa Websites Attacked
Who would have thought the Wikileaks story would wake waves in the credit card pond? Supporters of WikiLeaks launched a cyber attack against MasterCard and Visa on Wednesday, bringing down both websites. Customer accounts were not affected and no data was lost. A group called Operation Payback claimed responsibility for the “denial of service” attack. [...]
The Art of Selling Debt: Catchy Credit Card Commercials
Watch any credit card commercial these days and you’re sure to find big budget productions in exotic locations, movie-star voice overs, or memorable jingles. The credit card industry is highly competitive, with a handful of major players competing for your business. Most credit card products are basically the same, varying only slightly in terms of [...]
Spare Credit Cards? Panhandlers Turn to Plastic
An experiment by an New York ad executive who offered a panhandler the keys to his personal American Express Platinum Card prompted one journalist to try an experiment of his own. Is offering plastic gift cards to a panhandler better than sparing change? The results might surprise you. Apparently, prepaid gift cards – think Visa/MasterCard [...]
Getting Credit Cards to Work for You
I was taught very early about the concept of compounding interest. On my 10th birthday, my parents took me to a local bank and opened a savings account for kids with $50. Every week I would deposit a portion of my allowance, and any money I earned from chores or lemonade stands. With every deposit [...]
New Card Regulations to Protect Canadians
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 [...]
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Kristi: I watch my son with house to sell in the US and no...
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