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The Shot Heard ‘Round The World: Walmart Tentatively Terminates Visa Canada

walmart terminates visa canada

Buried in a press release this weekend, Walmart Canada announced it “will no longer accept Visa in our stores across Canada.” Walmart’s stated reason is that it has “concluded the fees applied to Visa credit card purchases remain unacceptably high.” That’s a very public war between two corporate behemoths. However, there is reason to believe that Walmart’s decision is not final, ... Read More »

Scotiabank Wins “More Rewards” Credit Card Program

More Rewards Scotia Visa Credit Card

Continuing its aggressive push into Canada’s co-branded credit card space, Scotia recently launched the “More Rewards” credit card program, replacing incumbent issuer MBNA Canada. While the credit card program may benefit from the expansion of the More Rewards loyalty program to even more partners, ultimately we think the program doesn’t offer shoppers near the value they can get from using ... Read More »

Trend of Rising Canadian Credit Card Rates & Fees Continues

credit card fees and interest rates

Many Canadian credit card issuers have raised rates and fees recently. Scotia and National Bank of Canada are the latest. We believe market dynamics will continue to force Canadian credit card issuers to find ways to increase portfolio profitability. We explain below. Scotia Bank Changes Scotia has announced that effective August 1st, 2016, they will either be adding or increasing ... Read More »

The Best Companion Ticket Credit Cards in Canada!

Companion Ticket credit card

We all know free flight welcome bonuses offer cardholders tremendous value. We love them. Now imagine a credit card that gives you a companion ticket EVERY year, on top of your welcome bonus! There are several companion ticket credit cards offering Canadians a round-trip voucher every year, they can use for any travelling companion. While the vouchers do have a ... Read More »

Apple Pay Expands Into Canada With Major Banks

apple pay

Multiple Canadian credit card and Interac issuers have announced they will be launching Apple Pay today. RBC, CIBC, ATB Financial and Canadian Tire Financial Services have all announced they will be offering their products on Apple Pay. TD, Scotia and BMO have indicated they will be offering Apple Pay to their customers in the coming weeks and months. All three ... Read More »

Alaska Airlines World Elite MasterCard Review

alaska airlines mastercard

While not as well known in Canada, the Alaska Airlines World Elite MasterCard delivers exceptional value to residents of the Rest of Canada (ROC). It comes with a free flight welcome bonus, an annual companion ticket, a low annual fee and one of the largest Airline partner programs. The Alaska Airlines World Elite MasterCard has one of Canada’s highest welcome bonus ... Read More »

Earn AIR MILES Rewards Fast: Top Credit Card Welcome Bonuses

Air Miles Credit Card Rewards

We’ve put together the best AIR MILES rewards credit card sign-up bonus offers currently available in Canada. If you’re looking to add to your collection of AIR MILES rewards, or simply accelerate your AIR MILES earnings, getting a new AIR MILES credit card with a hefty sign-up bonus is the best and quickest way to earn a boatload of miles ... Read More »

BMO Air Miles MasterCard: Little Known Travel Hack Revealed

bmo air miles mastercard credit card

Looking for that elusive rewards credit card with a hefty sign-up bonus and no annual fee? We got you covered. Want that no annual fee credit card to come with awesome rewards opportunities? How about Canada’s largest loyalty program with over 10 million active members, and one of the country’s richest earn rates – check. The BMO Air Miles Mastercard ... Read More »

Are Canadian Credit Card Rewards Taxable?

are credit cards rewards, miles, points taxable?

We’re close to the tax filing deadline and panic is in the air as tax season comes to a head. As convoluted as our tax code is, credit card rewards may introduce another layer of complexity. The average Canadian does not have to pay taxes on their credit card points, miles or cash back earned. However, the Canadian Revenue Agency ... Read More »