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The New BMO CashBack World Elite MasterCard: Unlimited cash back. Every purchase. Everywhere.

BMO World Elite CashBack Card

The new BMO CashBack World Elite MasterCard ushers in a new era of simplicity, transparency and value in Canadian credit cards. It comes with a limited time $150 welcome bonus offer, a flat cashback rebate of 1.75% on EVERY purchase, all the time – no caps, limits, categories or tiers, FREE roadside assistance and FREE travel insurance. It’s simple, transaparent and ... Read More »

5 Ways to Play The Rewards Game and Beat The Banks!

credit card tips and tricks

Ok, so you want to get a rewards credit card and take advantage of all the incentives Canadian banks are now offering to have you choose their card. Here are a few tricks you can play to get a leg-up on the banks: 1. Bonus Point Surfing: Most credit card issuers are offering significant welcome bonus points (i.e. 15,000-30,000 points ... Read More »

Harley-Davidson MasterCard – Win A Free Motorcycle!

Harley-Davidson Canada

You could be one purchase away from winning a FREE Harley-Davidson motorcycle! For all you Harley enthusiasts, the no annual fee MBNA Canada Harley-Davidson MasterCard automatically enters you into a quarterly Harley-Davidson motorcycle draw for each purchase you make on the card. That’s four bikes per year! Harley cardholders automatically get entered into a quarterly draw each time they make a ... Read More »

Tired of Paying 29.9% on Your HBC MasterCard? Cut it to 0%.

HBC MasterCard

Are you tired of paying a 29.9% interest rate on your HBC MasterCard or store credit card? You should be, it’s an exhorbitant amount of interest. The good news is, there are plenty of alternatives. We’ve found several solutions, that will allow you to cut your interest rate down to 0% for 12 months, hopefully giving you the time you ... Read More »

Ottawa Announces New Credit Card Code of Conduct Rules

credit card voluntary code of conduct

Finance Minister Joe Oliver announced this week that Ottawa will be strengthening the voluntary Code of Conduct. Beginning this week, credit card issuers will have 30 days to fall in line with the Conservative government’s new rules intended to  address unfair business practices and improve transparency for merchants and consumers. Specifically, the new guidelines suggest that processors and the associations not ... Read More »

The Ticking Time Bomb of Canadian Consumer Debt

Canadian Consumer Debt

Canadian appetite for consumer debt continues to grow, with total debt including mortgages now standing at $1.529 trillion, according to Equifax’s Q4 National Consumer Credit Trends Report. The average debt held by Canadians, excluding mortgages is now at $20,967, with debt-to-income ratios at an all time high of 163% according to Statistics Canada. Growth in Canadian consumer debt was primarily ... Read More »

Capital One Canada Discontinues Aspire Travel World MasterCard

aspire world mastercard

Capital One Canada has discontinued its Aspire Travel World MasterCard, previously one of the richest travel rewards cards in the Canadian Marketplace. Capital One Canada has recently sent out letters to cardholders indicating that existing cardholders will continue to receive the same rewards rate and anniversary bonuses as they enjoy today. Capital One Canada has replaced the Aspire Travel World MasterCard ... Read More »

Desjardins Acquires Best Buy Credit Card Program

best buy credit card

Best Buy Canada, operator of Best Buy and Future Shop, and Desjardins Group, the largest Credit Union in Canada, have announced a new partnership. The partnership will have Desjardins, through its Card and Payment Services business unit, acquiring both the Best Buy Canada and Future Shop private-label credit card portfolios. The deal adds to Desjardins’ expanding portfolio of national retail credit card ... Read More »