2016 was quite a year! There were plenty of surprises. The UK voted to leave the EU in the historic Brexit vote and Donald Trump was elected to the White House. It wasn’t a quiet year for credit cards either. There were plenty of credit card news stories that made headlines. (Choosing the top ones to feature in this article was challenging to say the least!) Without further ado, here are the top three credit card news stories from 2016 and how we came out ahead as cardholders.
Are you sick of your reward points expiring? Pretty soon that practice will be illegal in Ontario – and we have Air Miles to thank.
Air Miles has been making news headlines a lot lately – for all the wrong reasons. The popular travel rewards program came under fire for its controversial expiry policy that would see travel reward points older than five years start to expire in the new year if left unredeemed. Facing mounting pressure from cardholders, the government and the media, Air Miles recently did an about-face, nixing the expiration of its reward points.
Canada is a country known for many things. We’re best known for maple syrup, bacon and cold weather. Canadians are also known to have good habits when it comes to credit card use. Many are following these 5 strategies to maximize their credit card use.
Facing mounting pressure from cardholders, the media and the government, Air Miles caved and cancelled its controversial expiry policy. Air Miles parent company LoyaltyOne, said that it cancelled the expiry rule due to “feedback from collectors” and an “uncertain legislative environment across Canada.”
If you’ve been carrying around that same old credit card since university you might be missing out. Sure, your trusty old plastic friend still works, but is it working for you. In this post we’ll look at some reasons why getting a second credit card might be a good idea.
While many of us take the time to shop around for the things we buy, not enough of us shop for the ideal credit card. The first credit card you come across may be the best one for your financial situation, but that’s often not the case. Here are four things to consider when shopping around for the best credit card.
