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Aeroplan to have new product line-up, improved economics for Aimia

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Additional details are surfacing around terms of the deal between TD and Aimia, including how the new product line-up might change. As reported by CNW: Features of New Credit Card Offerings New Aeroplan co-branded financial credit cards, to be launched in 2014, will provide cardholders with more flexible options, better earn rates and new recognition features; all of which is ... Read More »

Will TD win the Aeroplan Sweepstakes?

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MONTREAL — Aimia, the parent company of Aeroplan, is prepared to terminate its relationship with CIBC if CIBC does not match contractual terms offered by TD Bank. CIBC has until August 9th to match TD’s terms. A switch would mark the end of a long standing relationship between CIBC and Aeroplan. The market has known for quite a while that ... Read More »

Impress your date without maxing out your credit card

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Creative, inexpensive date ideas Whether you’re going on a first date or 50th, choosing what to do can be stressful. You don’t want to seem cheap by going for Big Mac’s, but there’s no need to max out your credit card either. Most girls have enough money being thrown at them by guys, and most guys are sick of spending ... Read More »

Are CIBC and Aeroplan preparing for divorce?

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On Thursday, May 30, CIBC President and CEO Gerry McCaughey said during a conference call that CIBC is preparing for  alternative options in case it decides not to renew its Aeroplan credit card agreement with Aimia, which is set to expire at the end of the year. “While the launch of the alternative card would result in short-term costs for ... Read More »

New Credit Card Rewards Model. Blueprint for Canada?

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It’s time for Canadians Banks to reward Credit Card customers differently, and we think we’ve found a geat model. Citibank Hong Kong has launched a global credit card known as the Citi Prestige Card, offering cardholders Rewards based on the depth and tenure of their banking or credit card relationship with the bank. Cardholders can earn an extra 30% in ... Read More »

Credit Card Balance Transfers: Great Savings Tool

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A Credit Card Balance Transfer is a mechanism that allows someone with a credit card to transfer their existing debt on their Credit Cards (including MC, Visa or Store cards) to another Credit Card typically at a lower rate (0%-3.99%) for an introductory period. The new Credit Card issuing bank will typically charge either a percentage of the transferred balance ... Read More »

CardHub.com Releases Q1 2013 Credit Card Landscape Report

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WASHINGTON, April 17, 2013 /PRNewswire-iReach/ — Industry competition and consumer preferences have sparked a resurgence for 0% credit card offers and initial rewards bonuses, while putting downward pressure on certain pesky fees. However, whether or not a given consumer is able to benefit from such trends depends on their credit standing, as you’ll see in more detail below.  (Logo: http://photos.prnewswire.com/prnh/20130417/CG96217) ... Read More »