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New Canadian Credit Card & Loyalty Digital Wallet Launched

Ugo Digital Wallet

TD Canada Trust and President’s Choice Bank have launched Ugo, a mobile wallet. Time will tell if it’s Canada’s answer to Apple Pay. UGO Wallet is a digital wallet app that lets you pay with a credit card loaded onto your phone and collect loyalty points from your favorite loyalty programs. You can pay using the participating credit cards you add ... Read More »

Save Money With A 0% Balance Transfer Card

balance transfer credit card

Transferring your credit card balances to a 0% rate can be a fast and easy method to cut the cost of borrowing and give you some additional time to repay your debts. Here’s a guide to making the most of 0% balance transfers. Balance transfers are becoming an increasingly popular credit card offer in Canada. Canadians are using them as a ... Read More »

How To Choose The Best Credit Card

woman-with-credit-card_shutterstock_56667469

Getting the best credit card available is a great way to earn extra dollars or access affordable debt. However, with tons of credit cards on the Canadian market, how can you make sure you’re getting the best credit card deal possible? If you’re looking to apply for a new credit card, selecting the right card could save you hundreds and ... Read More »

Canadian Credit Card Industry Heading For A Bumpy Ride

Interchange fee regulation Canada

Canada’s credit card market is headed for some upheaval. With Finance Minister Joe Oliver asking Visa and MasterCard to “voluntarily” reduce interchange rates, or face the risk of regulation, Canadians can expect significant changes to their credit cards. Here’s a brief primer on interchange. Interchange is a fee MasterCard and Visa set, which is charged to merchants each time a ... Read More »

5 Ways Store Credit Cards Can Hurt You

store credit card

Have you ever signed up for a store credit card just to get a discount on a purchase or to get 0% financing for 12 months? We see it every day at stores like Ikea, Sears, Home Depot and The Brick. On any given day, a sales associate could ask you if you want to save an additional 10% by ... Read More »

4 Reasons Why CapitalOne’s Costco Canada Partnership Might Fail

Costco CapitalOne Partnership

 As we called it earlier in August, Costco Canada is ending its 15 year-old credit card partnership with American Express and beginning a new one with Capital One. CapitalOne has already soft-launched its new product in select stores, and our understanding is the new co-branded MasterCard with Costco will fully launch by the end of September, 2014. American Express will no ... Read More »

Significant Changes to Canadian Rewards Credit Cards On the Horizon

Canadian Interchange Fees

A significant change in the Canadian credit card market could take place in the next few months – and it could have a devastating impact on your favorite rewards credit card. In early September, Minster of Finance Joe Oliver said “the government will work with stake holders to help lower credit card acceptance fees for merchants and also to encourage ... Read More »

7 Reasons Why You Need A Credit Card Today

7 Reasons Why You Need A Credit Card

Rightly or wrongly, credit cards have taken their lumps as the Midas of consumerism (the story of Midas getting too close to the sun, not the auto parts retailer). Credit cards are tempting, but get too close and you may get burnt. But for all the temptations and dangers credit cards present, more of us are using them than ever ... Read More »

You’re Covered: Canadian Credit Cards With The Best Extended Warranties

credit card extended warranty coverage

One of the hidden perks of shopping with a credit card is that many cards offer Extended Warranty Protection for purchases that  come with an original manufacturer’s warranty. Considering that many retailers charge from 10% to 20% of the purchase price to get extended warranty coverage, there’s tons of value in these cardholder benefits. All you have to do is ... Read More »