2016 was a rough year for Air Miles. The company found itself in the middle of a PR nightmare when it attempted to introduce an expiry policy that would see unredeemed points older than five years start to expire beginning in 2017. The company ended up doing an about-face, cancelling the controversial policy a couple months ago, but it seems that cardholders still haven’t forgiven the travel rewards program. (It probably doesn’t help that Air Miles recently devalued some of its rewards.)
In today’s information age, identity theft is a growing threat and causes headaches for those affected. Imagine going out to lunch with your friend only to later find out your credit card was missing. That’s what recently happened to a Toronto lady named Rose Altomare. Rose thought her lunch was only going to cost her $10, but it ended up costing her a whopping $1,600.
Credit cards offer many benefits. They’re a great way to manage short-term cash flow, build your credit score and of course, earn rewards. As Canadians, we love our credit card rewards, but that doesn’t mean we love jumping through hoops to redeem them. What was once a rewarding rewards program, can turn into a pain in the neck.
With the month of January coming to a close, it’s the time of something that many of us suffer that I like to call “holiday spending hangover.” By now you’ve probably received your credit card bill for your holiday shopping. Is it more than you expected? You’re not alone. With Canada moving toward a cashless society, it’s becoming increasingly difficult to show spending restraint and avoid impulse purchases (mobile payment sure isn’t helping!).
Happy new year, everyone! We hope your holidays were happy and relaxing. Credit cards may be the last thing on your mind in January (until you get your statement with your holiday spending), but here’s why they should be top of mind. One of the most common New Year’s Resolutions is to pay down debt. If you’re carrying a balance on your credit card, it’s the perfect place to start.
Here are five credit card tips to start the new year off right.
The six month feud between Visa and Walmart has finally come to an end. Both companies recently announced the agreement. It didn’t take long for Walmart to start accepting Visa again – Visa credit cards were accepted the very next day on Friday.
