Prepaid credit cards may seem like the perfect gift, but hidden fees have frustrated customers, and decreased card face value. New rules announced by the government have banned these hidden fees and expiry dates in a move that promotes transparency and financial literacy.
Thanksgiving has passed, and the holiday shopping day countdown is ticking away – must be hockey season! Our fair nation may be standing on guard as the NHL remains embroiled in a lockout dispute, but amateur players and parents everywhere are pulling out their wallets to take to the ice – and our national sport ain’t cheap.
Ah, the pain of filling up at the pumps. As rebounding prices repeatedly strike our wallets at the gas station, and rising oil prices remain a fixture in the news, don’t you just wish you could fill up for free?
Lights, camera – SAVE! It’s no secret that a night at the movies can burn a hole in your pocket – the price of popcorn alone is reason enough to check out a rental instead. But what if you could earn points toward free movies with every purchase you made? Well, the SCENE rewards program lets you do just that. So if the thought of free popcorn and tickets puts stars in your eyes, check out this card line up – and get big savings at the big screen.
Looking to hit the open road this summer? Don’t spend a fortune at the gas station as a result. We’ve got a few easy tips for staying in power at the pumps – and being eco friendly while you’re at it!
According to the Canadian Bankers Association, Canadians collectively held 74.5 million Visa and MasterCard credit cards in 2011. That works out to nearly three cards per adult. And that’s just Visa and MasterCard cards. With millions of retail cards issued by stores like the Hudson’s Bay Company and The Brick and it’s no wonder our wallets are bulging, even if there’s no cash in them. But how does this compare to others countries? And what are the implications of our addiction to credit?
A whopping 60.5% of British Columbians are not comfortable with their current level of debt, in line with the rest of Canada. This according to an independent survey from RateSupermarket.ca, Canada’s largest impartial rate comparison service. Among the 532 respondents from BC, the leading cause of debt concern by far (36.7%) is credit card debt.
Long before every retailer, it seems, began offering points for purchases, there was AirMiles. This versatile rewards program was launched in 1992 and lets you rack up points when you buy stuff at a wide array of places — both in person and online — and redeem them for kitchen gadgets, event tickets and vacations. The system has worked for years for many people, but now the program has some new offerings. Here’s what’s up.
Air Miles has changed its rules. As of December 31, 2011, any miles that you collected in the past will carry an expiration date of December 31, 2016, giving you 5 years to spend your miles. As of this month, customers are also able to redeem Air Miles instantly; 95 miles can be instantly redeemed for $10, but only through participating retailers. Not only will your old miles expire, but your new ones will as well. In fact, all miles will have a 5-year lifespan, giving collectors the incentive to redeem them more often.
More than ever in 2011 Canadians were faced with choices when picking a reward option on their credit card, from free groceries, to gas station points to travel reward miles, there is something for everyone. The card that grew the most in popularity in 2011 was definitely the cash back reward credit card.