       |
Canadian-Money-Advisor.ca BLOG
What is the Capital One Frequent Flyer Miles
- Posted May 15, 2012 by Monty Loree
What is the Capital One Frequent Flyer Miles?
Capital One is giving card holders the opportunity to earn frequent flyer airline miles by making purchases and paying the credit card statement on time. The miles program does not restrict destinations and dates for travel rewards. Capital One's "No Hassle Miles" reward credit cards require good to excellent credit as major prerequisite.
The article deals with the following concerns:
- Venture Credit Cards for Airline Miles
- Frequent Flyer Miles Earnings
- Delta Sky Miles Gold MasterCard Capital One
Apply Today! Delta SkyMiles® World MasterCard®
What are Venture Credit Cards for Airline Miles?
Loyal card holders may apply for a Capital One credit card that will provide them with airline miles upon using the card. As of 2010 that you can choose and apply for are "Venture" and "No Hassle Miles" credit card that allows you to earn miles.
However, you need to plan your purchases. Make any large purchases within the first few months if your card offers introductory bonus miles. Capital One gives "Venture" card holders 10,000 bonus miles for spending $1,000 in credit card transactions within the first three months. Venture card owners receive two miles for every dollar spent on purchases. On the other hand, owners of Capital One's other miles credit cards receive one-and-a-quarter miles for every dollar spent on purchases.
Apply Today! Capital One Guaranteed MasterCard®
What are Frequent Flyer Miles Earnings?
You can track your frequent flyer miles earnings. Enrol your credit card on Capital One's "No Hassle Rewards" servicing website for account holders at servicing.capitalone.com.
You can choose a username and password to access your online account. Log into your rewards account and check your online statement to see how many miles you have earned. Look at the "Rewards Summary" section at the top of your screen when you log into your account.
Pay your monthly credit card bill on time, even if you pay only the minimum amount due. Late fees added to your account can cause you to lose any miles earned during the billing cycle in which the fee was charged.
Calculate your reward miles. Look at the redemption levels being offered. Capital One requires you to secure at least 15,000 miles to redeem flights. Divide the total number of miles you need by the number of points per dollar you earn on purchases to calculate the dollar amount you need to spend to reach the rewards level. Redeem your miles. Look at how many reward miles you have and the costs of an airline ticket or travel arrangement. The dollar value of Capital One miles is the resulting number after you drop the last two zeros off your mile total (e.g. 21,700 miles can be redeemed for a $217 flight). Purchase your airline ticket, cruise, hotel or rental car with your Capital One credit card at any travel agency or website.
Pls See: ehow.com
What is the Delta Sky Miles Gold MasterCard Capital One?
The Delta Sky Miles Gold MasterCard Capital One has come to change the way you view rewards cards. It offers you 2,500 frequent flyer miles on your first card purchase and all the benefits you would associate with a Master Card. This Partnership of Capital One and Delta Airlines have given the occasional traveller the chance to earn frequent flyer miles without ever leaving home. All purchases earn Sky Miles.
The Delta Sky Miles Gold MasterCard Capital One credit card has all the features you want and some you dared not dream of. Even if you are not a frequent flyer you can still get all the miles to ward a grand trip with miles being awarded on any purchase on the card.
Price protection allows for your reimbursement of the difference of prices, if your purchase is advertised for less within in the first 60 days. You will be rewarded with 2,500 miles on your first purchase so the sooner you get the card the sooner you can start collecting those miles.
Pls See: marketprosecure.ca
Frequent Flyers
The frequent flyer program is a loyalty program offered by many airlines. Airline customers enrolled in the program accumulate frequent flyer miles corresponding to the distance flown on that airline or its partners. There are other ways to accumulate miles. In recent years, more miles were awarded for using co-branded credit and debit cards than for air travel. Acquired miles can be redeemed for free air travel; goods or services; and, increased benefits like travel class upgrades, airport lounge access or priority bookings.
More From Canadian-Money-Advisor.ca Other posts about Canadian saving money More articles from May, 2012 More articles from 2012
what are capital one credit cards with low interest rates
- Posted May 11, 2012 by Monty Loree
What are Capital One Credit Cards with Low Interest Rates?
It is normal for Canadians to look for credit cards with very low interest rates?
With the proliferation of so many credit cards, you may be confused. However, you need not be worried since you can easily discern the credit cards that will give consumers value for their money.
This article explains the benefits of the Smart Line Credit Card, disadvantages and the Fusion Platinum Master Card.
Apply Today! Capital One Guaranteed MasterCard®
What is the Smart Line Credit Card?
This credit card has a very low annual interest rate which is 5.99%. It is the lowest among Capital One cards and the most popular. This is for consumers who want to have excellent credit, carry a credit card balance every month and save money on interest.
The things that people like about this card are the following:
There are no annual fees.
Again, for the first three years, the cardholder will enjoy the lowest long-term purchase rate of 5.99%. After 3 years, this purchase rate becomes a variable rate of Prime +4.99%. If you have balance on your card that you don’t clear every month, this low interest will reduce the interest that you need to pay, which will give you enormous savings over time!
There are also benefits such as:
- Purchase Assurance - If you purchase an item with this Smart Line Platinum and it gets stolen or broken after a couple of months, you need not worry because most personal items purchased are automatically insured against that for 120 days from the date of purchase, and this card will pay for its repair, replacement or even refund your purchase.
- Price Protection - If you purchase a new item in Canada with this card, only to find it discounted in an ad within 60 days of purchase, you will not have to regret the timing of your purchase since Price Protection will refund you the price difference up to $100 per item and $500 per calendar year.
- Extended warranty - When you purchase items with this credit card, you’ll get up to double the original manufacturer’s warranty for up to 2 additional years with this extended protection.
Travel accident insurance - This card gives you $250,000 coverage if you pay your travel tickets in full with this card.
- Baggage delay insurance - If your baggage were to get delayed for more than 4 hours, you will receive up to $100 dollars each day for 3 days, to purchase the most essential items that were in your delayed baggage.
Auto Rental Collision Damage Waiver - If you rent a car with this card, and the car gets stolen or damaged, the insurance will cover that $0 fraud liability. Pay nothing if your card is used without your permission or authorization to make any unauthorized purchases.
Apply Today! Capital One - SmartLine™ Platinum MasterCard
What is the Downside of this Card?
So much has been said about this credit card but weaknesses have also been identified.
Consider the following:
There is an annual fee if you want to add 1% cash back or reward miles to this card. This would be an almost perfect card if it also has a rewards program with no annual fee. However you have to pay $99 if you want to add on a rewards program. This may negate the savings you gain by having a low interest card.
Pls see: dailymarkets.com
At any rate, if you have to compare the numerous positive aspects and one negative aspect, you will find out the big difference and you can decide right away if you will apply for the card.
What is the Fusion Platinum Master Card?
The Fusion Platinum Master Card is also a low interest card with big rewards. You can even earn rewards miles for every $2 you purchase and convert these reward miles into travel, merchandise, cash rebates or gift cards. There is a low fixed rate of 9.9%.
If you are looking for a low interest rate credit card, you do not need to expect more. This MasterCard from Capital One is a great credit card with a low annual interest rate of 9.9% fixed on purchases and balance transfers that also lets you earn valuable reward miles on everything you buy2.
If your credit rating is excellent, the Fusion Platinum card is for you. If you carry a balance on this card, the low-rate interest payments could save you money. Save even more money when you transfer high-interest rate debt using our no-fee balance transfer service. You can even transfer a balance to your credit card during your online application.
You will earn 1 reward mile for every $2 you spend on purchases. You also acquire 5,000 bonus reward miles on your first purchase. You can redeem for great rewards online or over the phone. Redeem for previously purchased travel, merchandise and gift cards from some of the biggest brand names and even cash in the form of a statement credit or a cheque in the mail.
Pls see: capitalone.ca
More Credit Cards from Capital One
These are two credit cards that have earned the approval of practical consumers. You get more for less. This is a well-known maxim in the credit card and retail industries.
More From Canadian-Money-Advisor.ca Discuss Secured Credit Cards Other posts about Canadian Secured Credit Cards More articles from May, 2012 More articles from 2012
what is mbna customer service
- Posted May 09, 2012 by Monty Loree
What is MBNA Customer Service?
MBNA Canada is the country’s fourth largest credit card issuing bank.
It is an affiliate of Bank of America and also the biggest financial firm that issues MasterCard in Canada. MBNA has many membership programs with organizations from various fields. MBNA customers can enjoy its financial products and services in most parts of Canada.
This article discusses all concerns, legal issues and details pertaining to the MBNA Canada Customer Service.
Apply Today! Platinum Plus® MasterCard® credit card - 1.99 for 10
What is MBNA Canada Online Customer Service?
MBNA Canada online customer service offers cardholders quick access to manage their accounts through the internet. The online account service allows you to check and review your account information, manage your personal credit cards, and open more accounts depending on your preferences. You can do this by logging in and checking your information regarding account balance. This can basically provide you with all the necessary services that you need.
The act of registering the MBNA Canada online account service is a simple and fastest way for you to take charge of your bank accounts. You may use this service anytime and anywhere as long as you have access to the internet. Meanwhile, MBNA online secure technology can ensure you the safety of the management process. Thus, you need not worry about the safety precautions.
Pls See: serviceguidance.com
Apply Today! MBNA - Smart Cash
What are Procedures to Resolve Complaints concerning MBNA Products or Services?
MBNA is committed to providing consumers the best customer experience. Since trust and confidence are valuable to MBNA, it advises customers to ensure that that their concerns are handled as efficiently as possible.
- Step 1:
Talk to your MBNA or CUETS Financial Representative
Many concerns can be resolved right after these incidents happen. Discuss the concern with your MBNA or CUETS Financial Customer Service Representative who will be happy to help you. If the MBNA or CUETS Financial Customer Service Representative is not able to resolve your concern, request for an audience with the manager.
- Step 2:
Elevate Your Concern
If customers have contacted MBNA and are not satisfied with the resolution, your concern can be referred to a representative of our Senior Management team.
- Step 3:
Contact the TD Ombudsman
If you have been through the first two steps and you still feel your concern has not been resolved, please contact the TD Ombudsman. The Office of the TD Ombudsman acts as an independent body that mediates between customers and different TD groups (including MBNA and CUETS Financial) to resolve outstanding concerns. When you refer a concern to the TD Ombudsman, the office will conduct a thorough and impartial investigation and work to reach a fair and reasonable resolution.
The TD Ombudsman does not normally investigate concerns regarding bank policies, including credit granting policies or risk management decisions; levels of interest rates, service charges or fees that apply to all customers; or matters where legal action has already commenced or has been concluded.
Please include your full name, address, telephone number(s) and the details of your concern in your letter, email or fax. The TD Ombudsman can also be reached by telephone at 416-982-4884 or toll-free at 1-888-361-0319.
What are the ADR Chambers Banking Ombudsman Office and the FCAC?
This independent dispute resolution service can provide you with information and a further review of your complaint if you do not accept the decision of the TD Ombudsman. You can contact this service if you have waited more than 90 days for a resolution after elevating your concern.
On the other hand, the Financial Consumer Agency of Canada supervises financial institutions such as banks to ensure that they comply with federal consumer protection laws. The FCAC also helps educate consumers and monitors voluntary codes of conduct and public commitments designed to protect the interests of consumers. It provides customers with enhanced protection through public commitments and our adherence to certain codes of conduct that govern the industry. For more information about our voluntary codes of conduct and public commitments please refer to TD’s complaint handling procedures, which are available at a TDCT branch or online at td.com.
If you have a complaint that you think may involve a violation of a consumer protection law, a public commitment or an industry code of conduct, contact FCAC by telephone, mail or through their website. The FCAC does not become involved in matters involving product pricing and billing or payment errors.
Pls See: mbna.ca
Collaboration is required
While MBNA Canada makes sure that all policies and systems will benefit their customers, it cannot be avoided that certain problems will come along the way. Thus, it is important to forge collaboration between the company and government agencies for the welfare of the consumers.
More From Canadian-Money-Advisor.ca Other posts about Canadian Debt Counselling More articles from May, 2012 More articles from 2012
what makes mbna credit cards popular
- Posted May 08, 2012 by Monty Loree
What Makes MBNA Credit Cards Popular?
MBNA stands for Maryland Bank National Association. It was established in 1982 and became MBNA America bank after seven years.
It was acquired by the Bank of America in 2005. It became popular in Canada because of its features and benefits.
MBNA basically create the system of securing credit cards. Majority of the unsettled loans were sold to other insurance firms which in turn peddled them to pension funds. This was disposed as securitized portfolios and became beneficial to users and companies.
Pls See: canadian-money-advisor.ca
This article provides a brief background of MBNA and the reason for its popularity in Canada.
It also talks about the significance of securing credit cards, the advantages of secured credit cards and the MBNA Smart Cash credit card which is one of the widely accepted cards in the country.
Apply Today! MBNA - Smart Cash
What is the Significance of Securing Credit Cards?
Securing credit cards denote that unauthorized users cannot use it and the user will not be charged for the unlawful usage.
The credit card can be tracked down if it gets lost or stolen for which the user is not responsible. The process gives the credit card company additional credibility. Again, this process started in Canada and other companies followed suit. A long term effect is that it facilitates the increase of the amount that can be loaned without the need to acquire corresponding assets to make up for the loans.
Pls See: canadian-money-advisor
What are the Advantages of Secured Credit Cards?
When a consumer reaches the stage of bankruptcy, he or she is compelled to hand in all credit cards to a trustee. The person, who has been discharged from bankruptcy, is considered a good credit risk since that person has no existing debt. At any rate, this person finds it difficult to acquire a credit card.
The alternative is to acquire a secured credit card which is a card supported by funds deposited with a reputable financial institution. The card looks like a credit card, and acts like a credit card but contains a limit depending on the amount of money that secures the card. Using a secured credit card is a quick way to rebuild your credit rating. People’s Trust reports the consumer’s payment history to the credit bureaus every month. As you make regular payments, your credit history begins to get better.
The features of this Card include:
- Minimum deposit of $500
- Credit limit is 100% of security deposit
- Monthly fee for cardholder is $5.95
- One time set up fee of $49.00
- Security deposit earns interest annually in a CDIC insured GIC Account (current rate is 0.50%)
- Available in all Canadian Provinces
- Approval is virtually guaranteed
Pls Read: bankruptcycanada
What is the MBNA Smart Cash Credit Card?
Once you have regained your credit rating and things have returned to normal, it is now possible to apply for regular or unsecured credit cards. An example of a very good credit card is the Smart Cash card of MBNA.
Take a look at the features of this particular card:
- Special Offer: 5% Cash Back on Gas and Groceries for the first six months
- Receive 3% Cash Back afterwards as well as 1% Cash Back on all other purchases
- 1.99% introductory balance transfer rate
- Reduce your monthly interest payments on your outstanding credit card debt for the first 10 months.
- Redeem anytime and receive a cheque automatically once your cash back totals at least $50 per month
Other Benefits include:
- Travel accident insurance
- Purchase protection and extended warranty
Pls. See ratesupermarket.ca
Credit card Benefits and Features
Credit card holders make sure to compare the features and benefits of credit cards before filing their applications. It is just natural for them to provide the maximum advantages, rewards and other incentives.
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian CDN Rewards More articles from May, 2012 More articles from 2012
what are best credit card offers from mbna and capital one
- Posted May 08, 2012 by Monty Loree
What are Best Credit Card Offers from MBNA and Capital One?
Are you a resident of Canada?
Are you looking for the best credit card that will be suitable for your needs?
Daily Markets put together three of the leading credit cards in Canada together with the corresponding features that include the following: low interest, cash back, rewards, and other benefits.
You will notice that these cards are products of MBNA and Capital One.
What is Smart Line Platinum MasterCard?
Smart Line Platinum MasterCard is the best low interest card offered by Capital One Canada as their long-term rates are the lowest among their cards. It has no annual fee, and offers an introductory rate of 5.99% on purchases and balance transfers for 3 years. Just make sure to pay your bills on time each month. You pay no balance transfer fee at all when you do a balance transfer. After 3 years, you pay a variable rate of Prime +4.99% on purchases and balance transfers. The Smart Line Platinum MasterCard is for those who want to cut any existing card debt by doing a balance transfer from another high-interest card. You must be using Canadian credit card for more than 3 years and have a household income of at least $40,000 for approval.
Apply Today! Capital One - SmartLine™ Platinum MasterCard
What is MBNA Smart Cash MasterCard Credit Card?
MBNA Smart Cash MasterCard Credit Card is a good cash rewards card for Canadians who want to receive up to 5% on purchases at supermarkets and gas stations for the first 6 months, 3% thereafter and 1% on other purchases. By offering a low 1.99% promotional annual interest rate on balance transfers for 10 months, it will benefit you if you want to cut your credit card debt by moving any card balance to this card. To qualify for this MBNA Smart Cash MasterCard Credit Card, you need to have a combined household income of at least $35,000.
Apply Today! MBNA - Smart Cash
What is MBNA Sony MasterCard Credit Card?
MBNA Sony Card MasterCard Credit Card is a rewards card designed for Canadians who are fans of Sony products. It gives you 2 points per dollar you spend at the Sony store or at Sony Style.ca and 1 point per dollar on all other purchases with your card. After making your first qualifying transaction you will receive 2,000 bonus points. Points can be redeemed for any Sony product you like at the Sony Canadian website. This MBNA Sony Card MasterCard Credit Card does not charge any annual fee.
Pls Read: dailymarkets.com
MBNA and Capital One Cards
These cards are two of the leading credit cards in Canada. It could be the hype or the advertisements. However, consumers will still agree that they prefer credit cards that give the best benefits and charge the lowest interest rates. The “no annual fee” is a very enticing feature.
More From Canadian-Money-Advisor.ca Discuss Investing Other posts about Canadian Investing More articles from May, 2012 More articles from 2012
strictly for travellers
- Posted May 05, 2012 by Monty Loree
Strictly for Travellers
The Capital One Aspire World Travel Card
This credit card can very well be the best new premium travel rewards credit card in Canada. This is what I have told friends who happened to ask about credit cards appropriate for this purpose. If you look at the Capital One website, you will find out that Capital One Aspire World offers a welcome bonus of 35,000 points and another 10,000 on your first anniversary. It provides two reward points for every dollar you spend and says that 15,000 points equals $150 which you can use against the cost of booking any type of travel.
Apply Today! Capital One - Aspire™ Travel World MasterCard®
Getting it straight from Capital One
What does my research about the Company state?
Capital One is one of the largest banks in the United States and operates in Canada strictly as a credit card issuer. It started here back in 1996 offering cards to people with low credit ratings and only got into the competitive rewards card market in 2007. The new Aspire World card suggests the bank wants to lead in the category.
I looked at an interesting article which gave some statistics and facts.
“With two reward points for every dollar spent on this card, you’d end up with $300 worth of rewards. BMO World Elite comes very close at $285 in rewards for $15,000 in spending, but it has a significant drawback in the form of a $49.85 fee for booking reward travel by phone and $18.95 for online booking. Other travel reward cards top out at $150 to $225 in travel rewards on spending of $15,000 annually.
Arguably, you can find better values in travel reward cards from the likes of RBC Visa Infinite Avion, which gives you a short-haul flight costing up to $350 with $15,000 in spending, and CIBC Aerogold Visa Infinite, which can theoretically get you a short-haul flight of any cost with spending of less than $15,000. However, both these cards give you less flexibility to use points for other types of travel.”
That is precisely my point. The Capital One card can be better!
The Globe and Mail explained that Capital One Aspire World MasterCard costs $120 annually while the supplemental cards are given free. It also offers a full complement of insurance coverage, including 22 days of travel medical, loss and damage coverage for rental cars and trip cancellation. Another benefit includes an extension of the warranty on goods bought with the card.
This card is amazing in terms of ease of use. You can book any kind of travel anywhere and then apply your reward points against the cost. However, you can only use points in blocks of 15,000 ($150), 35,000 ($350) or 60,000 ($600). After 60,000 points, the formula is the cost of travel times 100.
No travel rewards card is perfect for everyone!
However, Capital One Aspire World comes closer than other cards.
It may be the reason why it could very well be the best new premium travel rewards card in Canada.
Pls See Link: theglobeandmail.com
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from May, 2012 More articles from 2012
the best credit cards your choice is as good as mine
- Posted May 04, 2012 by Monty Loree
The Best Credit Cards: Your choice is as good as mine!
I was going through the list of credit cards the other day since I was planning to apply for a new credit card.
Suddenly, I came across the MBNA credit cards which are often hyped as the most popular because of their features and benefits.
The Smart Cash MasterCard from MBNA caught my attention immediately.
The online ad says that, “Canadian credit card holders will enjoy a few attractive cash back incentives as well as more opportunities to save. For instance, the rebate rate on gas and groceries is 5% for the first 6 months. After the introductory period, the rate is 3%. You will also enjoy a 1% rate on everything else that you could buy! Even the interest rate is extremely low for the first 10 months.” It sounded very convincing and I got very detailed explanation from the customer service officer after when I called.
MBNA says that cardholders can save money because this card does not have an annual fee. It is something that is not easy to find these days. This card also has a decent grace period on purchases, at 21 days. In other words, you have three weeks to pay your new purchase balance in full before you have to worry about any interest being charged. That should be plenty of time to cover any big expenses or emergencies.
That sounded great!
I was also given the following updates by MBNA:
- % cash back on all of your gas and grocery purchases for the first 6 months
- 3% cash back on gas and grocery purchases thereafter and 1% cash back on all of your other qualifying net retail purchases
- 1.99% annual interest rate on balance transfers and access to cheques and deposits for the first 10 full months
- You enjoy free online access to your credit card account with no annual fee and free additional cards you'll start to see the benefits right away
- Once your cash back totals at least $50 at the end of a monthly billing cycle, MBNA will mail you a cheque.
Another MBNA card that I believe consumers should acquire is called the Sony MasterCard. For me, it is the perfect card for people who want to take advantage of a credit card offering extended merchandise rewards. Candidates with good credit have more chances of being approved.
MBNA points out that “cardholders are entitled to 2,000 Sony points on a first purchase. Subsequent eligible purchases attract a point per dollar spent. Cardholders who buy merchandise from SonyStyle.ca will receive double points. As point accumulate, cardholders become eligible to redeem various Sony products including notebooks, MP3s, movies, PS3 games, and many more.”
Internet services include online account access and bills payment. Other benefits for cardholders to take advantage of are zero fraud liability, fraud protection, 24-hour customer support, and emergency card replacement.
What pleases me is the fact that there is no introductory offer or annual fees.
My vote, get an MBNA card today!
More From Canadian-Money-Advisor.ca Discuss Investing Other posts about Canadian Personal Bank Accounts More articles from May, 2012 More articles from 2012
capital one business credit cards
- Posted May 04, 2012 by Monty Loree
Capital One Business Credit Cards
I am very much convinced that Capital One has one of the most consumer-friendly business credit cards in Canada. The Capital One No Hassle Cash Premier offers free employee cards with customized limits so that small business owners can earn and monitor rewards on employee spending. Like the other business credit cards, this new and unique Capital One product provides small entrepreneurs with online quarterly and end-of-year statements.
Capital One says “What’s more, you can find both business credit cards with no annual fee and business cards with annual fees. This Capital One card is a hybrid, given that the $59 annual fee kicks in during the second year.”


What is so special about Capital One No Hassle Cash Premier?
Look at these perks:
- 2% cash back on all purchases with no tiers or rewards program registration required
- No foreign transaction fees
- $100 bonus cash back for spending $1,000 in the first three months and an extra $50 cash back for designating at least one employee as an authorized user
- Freedom to designate administrative tasks like making payments and requesting transaction information
Do I have to say more?
Pls See: businessinsider.com
Apply Today! Capital One Guaranteed MasterCard®
There is more good news from Capital One!
Take a peek at the features of the Capital One Gold MasterCard: It is a good low interest card for those with good credit and have a minimum household income of $30,000 (11.9%).
For a low annual fee of $19, you get a low interest rate of 11.9% on purchases and balance transfers guaranteed for 3 years, as long as your card bills are paid on time each month. Thereafter your variable rate will be Prime +9.9% for purchases and balance transfers. There is no balance transfer fee if you transfer a balance from another card to this card. This Capital One Gold MasterCard is recommended for those who carry a balance from month to month and want to save money on interest.
Finally, I got this news from Capital One, “The newest travel rewards credit to come onto the market is the Priority Club World MasterCard from Capital One. It has a little sister card the Priority Club Platinum MasterCard. The card which was announced earlier this spring and truth be told been in Priority Club's sights for at least three years was finally released today. Rewards Canada was lucky enough to receive all the details of the card at the start of summer so that we could include it in our annual Top Travel Rewards Credit Card rankings where the card tied for top spot in the small category of Hotel Points’ cards.”
With this cards introduction, Canadian's can now choose from 5 major globally.
Pls See: rewardscanada.ca
Apply Today! Capital One - Guaranteed Secured MasterCard®
The Best Credit Cards in Canada
Choosing which credit card is the absolute best is a very difficult task because everyone has a different opinion on what makes something the best. Most people would agree that the value of the rewards you get in proportion to the amount of money you spend on the card is a good measurement of what is best, but determining that value is not always possible.
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from May, 2012 More articles from 2012
what makes capital one the number one card
- Posted May 03, 2012 by Monty Loree
What Makes Capital One, the Number One Card?
Capital One Financial Corporation is listed as an international financial services firm known well-known for innovations in the credit card industry. Capital One pioneered low introductory rates, balance transfers and fixed rate products in North America.
It offers consumers a wide assortment of competitive Canadian credit cards since 1996. This was the time the company introduced the first Platinum MasterCard to this market.
Pls. See this link: capitalone.ca
This article provides information regarding the different benefits consumers can get out of the Capital One credit cards line-up.
Apply Today! Capital One Guaranteed MasterCard®
What are Everyday Gold benefits?
PRICE PROTECTION
When you use your Capital One credit card to buy a new item in Canada that is advertised for sale at a lower price within 60 days of purchase, Price Protection refunds the price difference up to $100 per item and $500 per calendar year.
PURCHASE ASSURANCE
Most personal items purchased are automatically insured against theft, loss or damage anywhere in the world for 120 days from the date of purchase when the full cost of the item is charged to your Capital One credit card.
EXTENDED WARRANTY
When you use your Capital One credit card to purchase most personal items (and the full cost of the item is charged to your card), Extended Warranty coverage automatically doubles the original manufacturer’s warranty for up to two years
What are Old Travel Benefits?
TRAVEL ACCIDENT INSURANCE
Receive up to $250,000 automatic travel insurance coverage for you, your spouse and your dependent children when you charge the full cost of your common carrier tickets to your Capital One credit card.
CAR RENTAL COLLISION/LOSS DAMAGE WAIVER
Charge the full cost of your car rental to your Capital One card and decline the collision damage waiver insurance offered by the rental agency (you could save $20-$30 per day) and you’ll be insured if your rental car is damaged or stolen when you rent the car for a period of up to 31 days.
BAGGAGE DELAY
If your checked baggage is delayed for more than four hours at your away-from-home destination, you, your spouse and your dependent children may be eligible for reimbursement of up to $100 per day for up to three days to purchase essential items. The full cost of your tickets must be charged to your Capital One credit card.
MASTERA ASSIST TRAVEL ASSISTANCE
Provides 24/7 assistance for medical referrals, emergency cash transfers, lost documents and ticket replacements, lost luggage assistance and legal referrals when travelling outside your province of residence. Any costs incurred in connection with these services are charged to your Capital One credit card.
Apply Today! Low Rate Guaranteed MasterCard®
What are MasterCard Benefits?
MASTER GLOBAL SERVICES
Provides emergency card replacement, emergency cash advance, 24/7 telephone access and referral to the closest ABM.
$0 FRAUD LIABILITY
If your card is lost or stolen and used without your authorization, you’re protected with $0 Fraud Liability. That means you won’t pay for any unauthorized purchases on your card.
MASTER ROAD ASSIST SERVICE
This service provides pre-negotiated rates for 24-hour emergency road service, for travel 80 km or more away from your home including towing, gas delivery and minor mechanical aid. The roadside service expenses are billed directly to your Capital One credit card.
Pls See this link: Capital One Benefits
Capital One Credit Cards
Capital One has made considerable headway in the credit card market in the country. If you go through different reviews, then you will definitely find out why!
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian CDN Rewards More articles from May, 2012 More articles from 2012
what are the latest offerings from capital one
- Posted May 03, 2012 by Monty Loree
What are the latest offerings from Capital One?
Capital One offers practically an assortment of credit cards to consumers. You will find a great rewards credit card such as Capital One Aspire World MasterCard or the low interest rate, Capital One Smart Line MasterCard. Capital One offers its services across Canada, with the exception of a few areas such as Quebec and the Canadian Territories.
However, Capital One is now officially functional in all areas of Canada. In other words, current areas that have not been serviced so far (Quebec and the Canadian Territories) will be part of the program of Capital One.
Pls. Refer To: banknerd.ca
This article discusses the following:
- Smart Line Platinum Master Card
- What is the Capital One Aspire Cash World MasterCard?
- Credit Card Online Applications
Apply Today! Capital One Guaranteed MasterCard®
What is the Smart Line Platinum Master Card?
The Capital One MasterCard offerings have competitive interest rates and rewards, accompanied by round-the-clock customer service and $0 fraud liability. Gold and Platinum MasterCard perks include travel and auto rental insurance, price protection, purchase assurance, extended warranty and more.
Smart Line Platinum MasterCard is the best low interest card offered by Capital One Canada as their long-term rates are the lowest among their cards. It has no annual fee, and offers an introductory rate of 5.99% on purchases and balance transfers for 3 years. To enjoy this guarantee, just make sure to pay your bills on time each month. To help you save more money, you pay no balance transfer fee at all when you do a balance transfer. After 3 years, you pay a variable rate of Prime +4.99% on purchases and balance transfers. The Smart Line Platinum MasterCard is ideal for those who carry a balance as well as consumers who want to cut any existing card debt by doing a balance transfer from another high-interest card. You should have a Canadian credit card for more than 3 years and household income of at least $40,000 to be approved.
Pls refer to: dailymarkets.com
Apply Today! Capital One - SmartLine™ Platinum MasterCard
What is the Capital One Aspire Cash World MasterCard?
Cash back rewards cards have grown in popularity as people become more frustrated with travel rewards programs offering less value for their points.
The Aspire Cash World MasterCard takes a straight-forward approach to delivering rewards to cardholders. Simply request a cheque or statement credit any time you want. There is no minimum, your cash rewards never expire, and you can easily redeem online or over the phone.
Here are the benefits for using this credit card:
- 1% cash rewards on all net purchases (used to be 1.5%)
- 50% extra cash rewards every year (used to be 20%)
- $100 bonus cash reward on your first purchase
- No limit to the amount of cash you can earn
- Free additional card
- World benefits including Travel Medical Insurance
Apply Today! Aspire Cash™ World MasterCard®
What are Credit Card Online Applications?
The procedure for online credit card applications starts with getting details from the applicant. Basically, the information they need to approve online credit card applications fall under these categories:
- Personal information which includes your full name, billing address, contact numbers, and citizenship status.
- Employment information like your current employment status, place of work, length of employment and employment contact information.
- Household finance information that includes the annual household income, financial instruments like a checking account, debit account, stocks or bonds.
- There are many advantages to having online credit card applications rather than through traditional means (mail or personal visits).
- Online credit card applications offer the convenience of browsing through their credit card plans without the leering sales person.
- With mail credit card applications, there is a possibility of a scam. Online credit card applications makes sure that the information you give them are secure and you can always call the contact numbers if you need any confirmation.
- There is no undue pressure when filling in online credit card applications. You can freely read the information about the cards and even cancel the online credit card applications when you change your mind.
- You do not have to be physically present at the bank. You can sit at home and carefully consider the online credit card applications information and still get your business done.
Pls See: forsgrens.com
Aggressive Marketing Efforts
Capital One Canada has some of the most competitive credit card offers for consumers, regardless of their credit. It first launched its Canadian cards in 1996 with the first Platinum MasterCard in the country. Today, you can count on Capital One’s innovative drive to come up with many different types of credit cards to suit the needs of consumers.
More From Canadian-Money-Advisor.ca Other posts about Canadian saving money More articles from May, 2012 More articles from 2012
what is the mbna credit card
- Posted May 03, 2012 by Monty Loree
What is the MBNA Credit Card?
If you are a resident of Canada looking for appropriate credit cards, you will find out that majority of financial institutions offer credit cards to consumers. There are different benefits that can be derived from credit cards. Some offer cash back rebates while others offer low interest rates, frequent flyer miles or rewards and discounts.
In fact, Canada has the most developed credit card processing systems throughout the world. Some of the most popular names of financial institutions that issue credit cards include MBNA Canada, Home Trust, BMO Bank of Montreal, Capital One, Scotia, TD Canada Trust, Laurentian Bank Canada, ICICI Bank and RBC Royal Bank
Pls. See: creditcardpaymentonline.net
This article on MBNA discusses the following points:
- MBNA Canada Gold MasterCard
- Best MBNA Canada Affinity Credit Card Applications
- MBNA Rewards Platinum plus MasterCard
Apply Today! Platinum Plus® MasterCard® credit card - 1.99 for 10
What is the MBNA Canada Gold MasterCard?
The MBNA Canada Gold MasterCard Credit Card is a great card for Canadian residents who prefer a low, fixed interest rate. This platinum card offers its cardholders a fixed rate of only 9.99%.
The Gold MasterCard Credit Card from MBNA Canada offers a generous credit limit to cardholders, as high as $100,000 for applicants who qualify. This high limit credit card carries no annual fee.
In addition to a low fixed rate, no annual fee, and a high credit limit, the Gold MasterCard also comes with platinum benefits. Some of these benefits include 24-hour customer service, free online account access, fraud protection, emergency card replacement, and access to thousands of ABMs around the world.
You can apply for this high limit Canadian card and enjoy a low, fixed interest rate!
Pls Refer to: creditnet.com
What are the best MBNA Canada Affinity Credit Card Applications?
A list of top MBNA Canada credit card applications was compiled according to popularity. These are the cards that Canadians normally apply for. The basic considerations here MBNA rewards travel, shopping and automotive rewards. On top of this list are the following:
- MBNA Canada Alaska Airlines Credit Card Rewards
The reason Canadians love the MBNA Canada travel rewards card, the Alaska Airline MasterCard Credit Card offer, is because of the 25,000 bonus miles you get as soon as you are approved for the card plus the $99 companion round trip ticket you get every year. You can fly free faster on Alaska Airlines with this MNBA rewards travel credit card!
- Best Credit Cards for Residents of Quebec
MBNA Canada CAA Quebec Credit Card Offer
Residents of La Belle province of Quebec can earn exclusive rewards from MBNA Canada with the CAA Quebec MasterCard Credit Card offer. You enjoy a very low interest rate of only 3.99% on balance transfers and cheque cash advances when you apply now for the MBNA Canada CAA Quebec MasterCard offer. The credit card perk you get from this MBNA Canada (Quebec Only) offer is a very low Annual Interest Rate (AIR).There are more benefits you get from this MBNA Canada offer such as automotive rewards like 2 cents / litre on gas purchases. The CAA Quebec MasterCard Credit Card is simply the best credit card deal going for everybody living in the province of Quebec.
- MBNA Canada Pharma Prix Rewards Credit Card
Another low interest credit card offer for residents of Quebec is the Pharmaprix MasterCard Credit Card because you can take advantage of the 1.99% introductory Annual Interest Rate on balance transfers and cheque cash advances with this MBNA credit card! This credit card offer is perfect for everybody that needs a break on credit card interest rates.
Pls see link creditcardcounsel.com
What is the MBNA Rewards Platinum plus MasterCard?
The MBNA Rewards Platinum plus MasterCard is a financial product suitable for individuals who prefer to get cash back. Clients, who shop with this card during the first 6 months, get 5 percent cash back on purchases in groceries and gas stations.
Card holders get 3 percent cash back on these and 1 percent on all other purchases. The product goes with a standard interest rate of 19.99 percent on balance transfers and cash advances, 17.99 on purchases, and introductory rate of 1.99 percent for the first 10 months. However, these are only for check or cash advances and balance transfers. The interest rate increases by 5 percent in case of two or more late payments over twelve consecutive billing cycles. The grace period is 21 days, and the minimum payment stands at $15.
The annual fee is zero, and clients enjoy fraud protection, 24/7 customer service, common carrier travel accident insurance in the amount of up to $1,000,000, and access to cash advances around the world, at more than 430,000 ATMs. In addition, the purchase protection against theft or damage extends over up to 90 days.
Apply Today! Platinum Plus® MasterCard® credit card - 1.99 for 10
Pls Refer To: creditcardreview.ca
Information for Applicants
Individuals who consider applying should provide their personal details, social insurance number, housing status (renter, home owner, or other), types of credit cards currently held, e.g. American Express, MasterCard, Visa, Department Store, and other required information.
More From Canadian-Money-Advisor.ca Discuss Investing Other posts about Canadian Personal Bank Accounts More articles from May, 2012 More articles from 2012
what is capital one canada bank credit cards
- Posted April 30, 2012 by Monty Loree
What is Capital One Canada Bank Credit Cards?
Capital One Canada is an acknowledged leader in providing competitive credit card interest rates, admirable services and exclusive rewards to Canadian consumers. Capital One provides an individualized approach that reduces problems in finding the right card for each card holder. The goal of Capital One is to meet the financial needs and concerns of its customers.
This article discusses the following:
1. Capital One Credit Card Promotions
2. Rewards Programs
Apply Today! Capital One Guaranteed MasterCard®
What are Capital One Credit Card Promotions?
If you are not yet very familiar with Capital One credit cards, you must know that Capital One is a diversified financial services company offering an assortment of credit cards, savings and loan products in Canada. Perhaps, you have seen the Capital One credit card promotions for television recently that shows all the benefits of this great card. The Capital one secured charge cards offers very special benefits for a group of people that would not receive a normal regular charge card. The people who want such a credit card may not be eligible for most other types of credit cards. Capital One offers the widest range of bank cards for consumers of varied credit levels. Credit cards have become an important part of the modern world. Even to rent a car, one needs to have a charge card. Compare interest rates, annual fees, rewards and other features to find a bank card that is right for you.
The time frame for these types of cards is six to 12 months from the date of purchase. This is a better choice - zero percent credit cards. This means that you need to pay back the exact sum for the product without incurring any extra interests.
Apply Today! Capital One - Guaranteed Secured MasterCard®
What are Rewards Programs?
Capital One bank cards offer a number of rewards programs, where earned points can be redeemed for travel, cash, merchandise, charitable donations or gift cards. Particular packages may only be available to customers with good payment histories or with credit ratings Point scores above a particular level. Find out more about these options and what you can qualify for. Capital One bank cards offer a number of rewards programs, where earned points can be redeemed for travel, cash, merchandise, charitable donations or gift cards. Particular packages may possibly be available to customers with good payment histories or with point scores above a particular level. The relation to a reward program can also vary, depending on the customer's credit profile.
What are the Different Categories of the Rewards Program?
There are different categories such as:
Venture Rewards Program
Venture Rewards – $59 annual fee, 2 miles per dollar
Venture One Reward – $0 annual fee, 1.25 miles per dollar
Biggest advantage: A truly “no hassle” rewards program. With the $59 version, the 2 miles per dollar is like earning a 2% rebate (if you redeem for travel).
Biggest disadvantage: If you have a favourite airline you regularly fly, sometimes you may be better off with the airline-branded card. Why? Because some frequent flyer miles end up being worth more than $0.01 each.
Cash Rewards
Capital One actually has a couple different reward programs for cash rewards. This one is their latest cash back card. It gives 1% on your spending. Then at the end of the year, it gives a 50% bonus on all the cash back earned during that year. The end result is a total of 1.5% cash back. This one is aimed at those with excellent credit.
Biggest Advantage: There is no minimum amount needed to request a statement credit or to get a check. Their newest Cash Rewards card gives an above-average payout on non-category spending.
Biggest Disadvantage: With the Cash Rewards card, the wait for the extra 50% cash back is a drawback.
No Hassle Miles Program
Biggest Advantage: Miles that can be converted to cash value and used for any travel purchase.
Biggest Disadvantage: The tiered redemption system.
Points Program
The MTV Visa card points can be used for travel, gift cards, merchandise, events, and cash. How do the points convert over? Well, here are some clues which are accompanying the application:
The number of points required is based on the cost of the chosen reward. For example, you could get $25 in cash back for 5,000 points, redeem for a gift card worth $50 for 7,750 points, or even redeem for great brand-name merchandise worth $100 for 20,000 points.
Biggest Advantage: The card offers the opportunity to earn bonus points on eligible categories.
Biggest Disadvantage: The rewards point redemption may yield value of less than $0.01 each.
Spark Rewards Program
The Spark is Capital One’s newly launched line of business credit cards. Because there are 6 different cards, there are detailed reviews about this card.
Dominating the Market
Capital One credit cards have been among the leaders in Canada for some time. In fact, only two credit card issuers, Capital One and MBNA have dominated the Canadian market. Both have accounted for 65 percent of all acquisition mailings during one particular instance in the past.
References
dmnews.com
frontarticle.com
creditcardforum.com
More From Canadian-Money-Advisor.ca Discuss Secured Credit Cards Other posts about Canadian Secured Credit Cards More articles from April, 2012 More articles from 2012
what are capital one credit cards part 2
- Posted April 30, 2012 by Monty Loree
What are Capital One Credit Cards?
Capital One Canada offers a wide variety of different offers for consumers with all types of credit. It is described as having many quality credit card choices. Capital One credit cards are classified as premium, classic, and guaranteed. Capital One has a commitment to helping customers and offers added benefits such as Customer Fraud Protection.
This article talks about the following:
- Classification of the Best Credit Cards in Canada.
- Guaranteed Secured MasterCard by Capital One Canada
- Capital One Credit Card Payment
Apply Today! Aspire Cash™ World MasterCard®
What is the Classification of the Best Credit Cards in Canada?
It is almost impossible to describe which credit card is the best.
Some people would agree that the value of the rewards that consumers get in proportion to the amount of money you spend on the card is a good measurement of what is best. However, it is not always easy to determine this value.
Among the criteria that can be used in appraising credit cards is by rating each one based on four distinct categories:
Typical Return
Maximum Return
Flexibility
Insurance & Perks
With this scheme, Canadians will know what cards to apply for.
Credit cards have also been broken up into different groups, because not all people are interested in the same type of credit card. Particularly, those people who are most interested in cash back credit cards tend to stay away from travel related credit cards, even if the reward return is much higher.
Apply Today! Capital One Guaranteed MasterCard®
What is the Guaranteed Secured MasterCard by Capital One Canada?
The Guaranteed Secured MasterCard by Capital One Canada is a good choice for Canadian residents who need to establish, re-establish, or strengthen their credit history. This guaranteed approval secured credit card is offered even to people who have gone through credit problems in the past. After an applicant has been approved, simply provide security funds as collateral and you will receive a credit limit of $300 or more. Your security funds are fully refundable if you ever decide to close your account. The Guaranteed Secured MasterCard reports to credit bureaus so that your monthly payment history can help to establish your credit history. The important thing is to pay at least the minimum balance due on time each month.
Any balance transfers processed as part of your application will be charged a $0 transfer fee! Balance transfers requested afterwards are subject to a low fee of only 3% of the transfer amount.
What is Capital One Credit Card Payment?
Another good thing about Capital One Credit Card Payment is the easy mode of making payments. It can be done by a simple click of the mouse provided there is online access.
Capital One Credit Card Payment can be easily done through the utilization of the so-called online route. To avail of online service payment, the customer is required to register for the same by going to the official website of the Capital One Credit Card. This facility of Capital One Credit Card Payment is a completely free service offered by the card issuing company to credit card holders.
This Online payment service is a highly secured one because Capital One Company utilizes the latest cutting edge technology for protecting the personal information given by the credit card holder to the site. The secrecy of this information is maintained by the company so that unauthorized transactions do not take place through the credit card accounts.
Capital One Credit Card Payment helps the credit card holder in performing the shopping from his or her own residential premises. He or she can now browse through the different products and order the item of his or her choice and consequently make the payment with the help of Capital One Credit Card Payment.
Capital One is Number One in Facebook
Capital One and American Express are the top financial services brands on Facebook, according to a chart compiled by social media analytics tool Social Bakers. It shows that Capital One has 125, 813 more fans than American Express, which, in the grand scheme of things of the total number of fans they both have, is not that much of a difference.
References
canada.creditcardguide.com
howtosavemoney.ca
creditnet.com
More From Canadian-Money-Advisor.ca Discuss Secured Credit Cards Other posts about Canadian Secured Credit Cards More articles from April, 2012 More articles from 2012
what is a capital one smart line platinum mastercard
- Posted April 19, 2012 by Monty Loree
What is a Capital One – Smart Line Platinum MasterCard?
What kind of credit card do you own?
If you opt for a Capital One credit card, it may be beneficial to look for distinct features such as earning cash back or reward miles.
The Smart Line Platinum MasterCard from Capital One Canada may be the card that you have been looking for. It provides you with a surprisingly low rate on primary transactions. The card ensures that you can save money because it charges one of the lowest interest rates in the world market. An added bonus is the absence of annual fees.
This article highlights the following:
- Remarkable features of the credit card
- Benefits for cardholders
- Advantages of Capital One MasterCard the Advantage over Competitors
Apply Today! Capital One - SmartLine™ Platinum MasterCard
What are the Remarkable Features of this Credit Card?
The Smart Line Platinum MasterCard is meant for consumers who maintain excellent credit ratings. All cardholders are provided with low credit for the first three years. The rate applies to purchases and balance transfers. You may take interest on the no-fee balance transfer feature that comes along with a balance transfer savings calculator.
Consider the following:
- The card has no yearly fee.
- The extended warranty gives an extra year to the existing warranty of eligible products purchased.
- It also comes with a Common Carrier Travel Accident Insurance (up to $250,000).
- There is an Auto Rental Insurance and Purchase Assurance indicated in a Certificate of Insurance document that you will receive with the card.
- Cardholders get the standard $0 fraud liability that protects you from having any liability in case of an unauthorized transaction on the account.
Apply Today! Low Rate Guaranteed MasterCard®
What are the Benefits for Cardholders?
Using a Smart Line Platinum MasterCard entitles the card owner the following benefits:
- It will definitely save you money if you carry a monthly balance.
- There is low interest rate on purchases and balance transfers to save you money on interest payments.
- It has a convenient line of credit. The low interest and balance transfer rate on this card makes it a convenient line of credit for you to use.
- The interest rate and balance transfer rate of 5.99% is applicable only during the first three years.
- Your rate will stay low and become a variable rate of Prime +4.99% on purchases and balance transfers after three years of use.
- The annual interest rate for cash advances is 19.8%
It also provides for additional benefits such as travel accident insurance; car rental insurance, baggage insurance as well as purchase protection and standard warranty.
What Gives Capital One MasterCard the Advantage over Competitors?
The Capital One MasterCard offers numerous benefits to consumers who wish to apply for credit or loans. In fact, the Smart Line Platinum MasterCard is one of the highest-rating Canadian cards available for consumers. It has low introductory Annual Percentage Rate on standard purchase and transfers alike. This benefit is applicable for the first three years after the card is opened. This implies that you can look forward to a low introductory APR rate for all purchases and balance transfer during the first year of using your MasterCard credit card.
Managing your Credit Card Payments
The Smart Line Platinum MasterCard may be one of the best credit cards in Canada. However, you still need to make your payments on time and in full. Managing you payments will allow the cardholder to enjoy the benefits continuously. Capital One Canada has some of the most competitive credit card offers for consumers, regardless of their credit. It first launched its Canadian cards in 1996 with the first Platinum MasterCard in the country.
Please REFER TO:
marketprosecure.ca
rslade999.blog.com
ratesupermarket.ca
express-advertising.com
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian CDN Low Interest More articles from April, 2012 More articles from 2012
what is a credit card part 2
- Posted March 21, 2012 by Monty Loree
What is a Credit Card?
A credit card is considered the most flexible and convenient payment mode for consumers and business persons. Credit cards provide consumers interest-free credit upon the time of purchase until the end of the billing period. Statistics from the Canadian Bankers Association show that approximately 60 percent of Canadians pay their balances completely. Credit cards provide access to unsecured credit which means that there is no collateral needed. Right now, there are more than 70 low interest credit cards in the market. Majority of these cards carry an interest rate of below 12 percent. More than 74 million Visa and MasterCard credit cards are in the Canadian market today.
This article gives credit cardholders information about benefits that they get from credit cards; the Bank Act regulations pertaining to credit cards; and, a summary of the new credit card laws in Canada.
What benefits do Consumers get from Credit Cards?
Credit cardholders have free access to unsecured credit with interest-free payments. As soon as payment for purchases is made, you get hold of these services and commodities. There are numerous benefits and rewards like rebates, points for air travel, comprehensive warranty programs, car insurance as well as damage or loss insurance coverage. There is also protection for fraud and zero liability for cardholders in case of any deception. A lot of banks offer consumers an assortment of products so their clients can opt for regular cards which do not have annual fees. There are also low-interest rate cards. Consumers should be familiar with details about credit cards such as long-term borrowing requirements.
What are Bank Act regulations pertaining to Credit Cards?
Credit cardholders are protected by the Bank Act regulations. Users of credit cards are not held liable in case of fraud.
Fraud protection
Several organizations and institutions have made formal commitments to protect consumers from the unauthorized use of their credit card. These commitments outline consumers' liability in relation to fraudulent transactions on their credit card. These are American Express, MasterCard, Visa and Interac.
There are new credit card regulations in Canada. Bankruptcy Canada published the following
Credit card issuers must offer a minimum 21 day grace period, during which they can’t charge you interest on new credit card purchases, provided you pay off your balance in full by the due date. Under the old regulations grace periods varied, and the card issuer could charge interest on purchases from the date of the purchase if you had not paid last month’s bill in full.
When consumers make a payment on your credit card above the minimum amount, that payment must be applied to the balance with the highest interest rate first, or proportionally to all transactions. Under the previous regulations credit card issuers could apply payments however they wanted, such as applying payments to the lower interest balances, resulting in higher interest payments.
Your monthly credit card statement will be easier to understand, and must include disclosure of how long it will take you to pay off a balance if you only make the minimum payment. They must also give you advance notice if they are increasing your interest rate.
What are the new Credit Card Laws?
The Financial Consumer Agency of Canada states that the new regulations apply to credit card loans offered by financial institutions that are regulated by the federal government. The regulations enhance consumers' access to clear information about key details of these financial products, such as interest rates, fees and penalty charges. Said policies also fortify consumers' rights by limiting certain business practices of financial institutions
Here are some guidelines regarding credit cards:
Credit Cards: Your Rights and Responsibilities
Credit cards can be very convenient, but it's important to keep in mind that when you apply for a credit card, you are entering into a contract. Like any contract, it is legally binding and gives each party certain rights and responsibilities.
There are rules that federally regulated financial institutions have to follow to make it easier for you to understand the terms of your credit card contract. This publication will give you a brief overview of some of those rules.
Choosing the Right Credit Card
Choosing the right credit card for you can be a challenge. There are hundreds of different credit cards to choose from, each offering a different combination of interest rates, fees, benefits and rewards. Taking some time to shop around and weighing your options carefully can help you find a credit card that suits your lifestyle and budget.
New Rules Favour Consumers
The new laws are relatively in favour of credit cardholders and consumers in general. It is now the obligation of consumers to adhere to this new policies and continue to exercise prudence in the use of their credit cards.
References
cba.ca
fcac-acfc.gc.ca
bankruptcy-canada.ca
fcac-acfc.gc.ca
More From Canadian-Money-Advisor.ca Discuss Secured Credit Cards Other posts about Canadian Secured Credit Cards More articles from March, 2012 More articles from 2012
what is mbna part 2
- Posted March 18, 2012 by Monty Loree
What is MBNA?
MBNA is a division of The Toronto-Dominion Bank. It is currently the largest MasterCard issuer in Canada. It dominates the field of affinity marketing and works to develop a mutually rewarding relationship with its members. MBNA regularly invests in initiatives that help enhance the country’s environment and integrates environmental policy into the company's products and operations at all levels. MBNA has made the commitment to provide top quality customer service.
This article will explain why MBNA stands out in the market; the Identity Theft Protection & Balance Protection Insurance; and, the other credit card products of MBNA.
Apply Today! TrueLine MasterCard® credit card - Fixed 9.99% AIR
What makes MBNA Stand out?
MBNA has excellent products and services. The highly reputable financial institution has shown genuine concern for its customers. The MBNA Smart Cash MasterCard is one of the most preferred cash-back credit cards in Canada.
Aside from the $60 rebate, the card also offers the following features:
- There are no annual fees.
- There is 5% cash back on qualifying net retail gas and grocery purchases for the first 6 months.
- There is 3% cash back on qualifying net retail gas and grocery purchases from then on.
- There is 1% cash back for all other qualifying net retail purchases
MBNA Canada has become the largest issuer of MasterCard’s in Canada by using affinity marketing techniques. This is part of their strategy to obtain the endorsement of more than 5,000 organizations, including sports teams, charities, financial and educational institutions. MBNA Canada markets its Master Card products aggressively through direct selling. It also makes use of telemarketing and point-of-sale techniques.
Apply Today! Platinum Plus® MasterCard® credit card - 1.99 for 10
What is MBNA’s Identity Theft Protection & Balance Protection Insurance?
MBNA Canada boasts of the Credit Alert monitoring service that helps protect against identity theft for a minimum cost of $17.99 every month.
This feature offers:
- Online access to your credit report and credit score from Equifax Canada
- Detect early signs of fraudulent activity before it ruins more than your bank account
- Monitors, manages and protects your valuable credit and identity information.
The MBNA account agreement states that if a fraudulent charge appears on your statement, you will not be held responsible for any unauthorized use of your card, PIN or account number.
MBNA Canada also features the Credit Wise balance protection insurance for $0.99 per $100 of the average daily balance, cycle ending balance or balance subject to finance charges, whichever is higher. There are also the so-called Access Cheques.
These can be used for the following:
- Visiting friends and family – create some memories that will last a lifetime
- Holiday shopping – the people you care about deserve the best
- Planning a winter getaway – You work hard; treat yourself and your family to a holiday
The annual interest rate for access cheque balances is 19.99 per cent, and the transaction fee for access cheques is 1 per cent of each transaction amount, with a minimum fee of $7.50.
What are the other Products of MBNA?
Holders of the luxury World Points card get one point for every dollar charged to it. You earn 1000 rewards points after your first eligible transaction and 1000 on your account anniversary date every year. You can redeem your points for merchandise and travel rewards of a wide variety, and you need as little as 1000 to start getting returns. The annual fee for this card is only $29. Interest rate on purchases charged to the card, balance transfers, check cash advances, and advances of cash equivalents is 19.99 percent. If you make more than one late payment within twelve billing cycles (one year), the interest rate increases by 5 percent. You must make all your payments on time within the next 12 billing cycles for the rates to go down.
You can use the Premier Rewards Credit Card for grocery shopping, gas, and payment of utility bills. The rebate rate on these expenses is 1 percent and this amount is credited back to your account every year. No annual fee in charged and there are no earning or spending limits. However, the maximum credit limit is $100,000, and the product goes with an interest rate of 19.99 percent on balance transfers, purchases, and cash advances. The grace period is 21 days and minimum payment is set at $15 or 1 percent of the account balance, including new interest charges.
The Travel Rewards Card allows you to earn one point per dollar charged to the card. You get 5,000 free points the first time you use the card (for an item that is considered an eligible purchase) and 2,500 points on your account anniversary date every year. You can redeem points for trips on over 75 airlines. The annual fee is $89 and the interest rate stands at 18.99 percent on purchases. The interest rate on balance transfers and cash advances is slightly higher at 19.99 percent. You will enjoy a wide variety of Platinum benefits such as free additional cards, immediate access to cash, 24/7 customer service, no blackout periods, emergency card replacement for stolen and lost credit cards, up to $100,000 credit limit, and worldwide acceptance.
The MBNA Reputation
MBNA certainly puts importance on excellent standards of service. This is one of the reasons why it has built a good reputation in the country. If you take a close look at its products, you will also find out that the features of MBNA credit cards were designed to benefit its clients. MBNA has millions of loyal customers because of its sound business sense and programs focusing on the welfare of this customer base.
References
mbna.ca
boomerandecho
creditcardreview.ca
More From Canadian-Money-Advisor.ca Discuss Secured Credit Cards Other posts about Canadian Secured Credit Cards More articles from March, 2012 More articles from 2012
what is a revolving credit account part 2
- Posted January 15, 2012 by Monty Loree
What is a Revolving Credit Account?
Revolving Credit Account
Revolving credit account is a form of credit such as credit cards that does not require a permanent number of payments as compared to installment credit. In Canada, the revolving credit is described as a kind of trade line that comes along with a specific credit limit. This limit enables borrowers to spend their credit on desired commodities and services.
Consumers must be able to discern the benefits and downsides of revolving as well as regular credit accounts. Likewise, they should know the advantages of obtaining revolving credit accounts and the effects of this account on one’s credit ratings.
What are the Differences between Revolving and Regular Credit Accounts?
The regular credit account like a loan account makes it mandatory for the borrower to pay the interest every month. The borrower does not have any option to postpone his payment. A revolving credit account gives the borrower the liberty to differ his payments so as not to pay monthly. The revolving credit account has a credit limit to which he can borrow.
The account however charges an interest fee for the borrower for the time he takes for making the payment. The most common type of revolving credit account is the credit card. The credit card has a credit limit and the card holder can make purchases till the limit. The card holder can pay for the purchases to his revolving credit account later. The account can be a secured or unsecured account. Most credit card accounts offer additional benefits for the card holders like rewards points and cash back offers.
What are the Benefits of Acquiring a Revolving Credit Account?
Credit cards which are the common form of revolving credit account are popular in Canada. There are lots of banks and credit card companies that offer credit cards to people. They are supported by payment networks. These payment networks connect places like shops, theatres and other places so that the customer can make purchases using his revolving credit account. The major payment networks cover lots of places in Canada and the cards could be used there. The credit card companies charge an annual fee for the usage of the card. They also charge interest charges for the purchases made.
The biggest benefit of revolving credit account is its availability when needed by consumers. It is not necessary to apply for a loan every time ran out of cash and you need to purchase some merchandise. You can also control spending from your line of credit as you want.
Revolving credit can also be used for any type of purchase. Even though a home equity line of credit is based on the equity in your home, it can be used for virtually any purchase. Most people use home equity lines of credit to finance home improvement projects, but you could also use the cash as a low-interest loan to fund your next vacation or to pay off higher-interest debt from a credit card.
What are the Effects of Revolving Credit Account on Credit Score?
The credit score gives information on the credit status of a person or company. The credit score is very important when applying for any credit like loans or mortgages. Credit bureaus which prepare the credit reports and credit score take into account credit cards or any other type of revolving credit. The credit bureaus attach much importance to the status of your credit card. If the account has large outstanding to be paid then it will affect the credit score. The number of credit cards held by the person is considered by the credit bureaus. Credit cards serve many purposes and are helpful in various situations. The accounts however should be maintained properly to avoid problems. Improper handling of credit cards will lead to severe penalties and any fraudulent activity is punishable by law.
An Ultimate Solution
Revolving credit offers one financial solution to people who have stable jobs but irregular paychecks. However, as customers, you need to understand all details about this solution.
Different companies follow different interest rates. The most common rate charged by companies in Canada is 24 per cent. The customers can choose from many companies and also look at their various additional benefits offered. The companies usually fix the credit limit based on the credit status of the customer. There are websites in the World Wide Web that help with regard to credit cards. These sites provide all information regarding the various credit cards offered in Canada. Some sites even have the tool to compare the various credit cards and their additional benefits. These tools will help when choosing a revolving credit account.
References
wikipedia.org
anybadcredit.com
More From Canadian-Money-Advisor.ca Other posts about Canadian credit More articles from January, 2012 More articles from 2012
100 podcast interview partners wanted personal finance
- Posted December 29, 2009 by Monty Loree100 Podcast Interview Partners Wanted - Personal Finance
So many times we visit and read blogs about personal finance.. We visit sites which promote products and services that help us either make more money, or save money. I thought it would be a great idea to interview 100 people involved in personal finance to get the low down on the industry.
After writing hundreds of articles , and thousands of discussion posts, I thought it would be nice to interview others in the industry and get their fresh perspective on things.
If you're one of these people, I would like to interview you!!
I am looking for 100 podcast partners to interview in 2010 as follows:
~ Personal Finance Blogs
~ Owners/Managers of companies who service the personal finance industry:
~ Mortgage Brokers,
~ Investment Counsellors,
~ Life Insurance Agents,
~ Creditors,
~ Collection Agencies,
~ Credit Bureaus
~ Motivation and Education Consultants who help their clients make more money
Sharing ideas and concepts for our personal finance visitors.
The objective for our interviews is to give our visitors news about the industry, some new insights and tips from experts who are involved everyday!
Suggested Topics:
For Bloggers
~ What got you interested in Personal Finance Blogging?
~ How long have you been blogging?
~ What is the subject you like to blog about most?
~ What are 3 of your favorite personal finance blogs?
~ What are 3 of your favorite personal finance websites/products/services?
For Industry Service Providers
~ What service do you provide?
~ What are Products/services you offer that can help our visitors save/make money?
~ What are the Benefits of your product/service?
For Motivation & Education Consultants
~ How does your service relate to the personal finance industry?
~ How does your service help our visitors make/save money?
~ Can you give one or two case studie examples from your own experience, where your service helped an individual make/save money?
Guidelines:
~ The premise of the show is to help our visitors learn more about existing resources and services.
~ You must have a few years experience in the personal finance industry if you're a service provider.
~ This is not an advertisement for your product or service
~ You need to indicate when you're available to be interviewed. (I prefer to do my interviews in the morning)
~ I will be doing these 100 interview throughout 2010.. Booking early is important.
~ It would be beneficial, however, not imperative if you could write a little promotional piece and put it on your blog/site to tell your readers about our interview. This way, your visitors would get the full benefit of our interview as well.
~ There is no cost to you for this interview.
~ I will need to see your topic ideas a few days before we do the actual interview
If you're interested please email me at:
Or leave a comment below..
Thanks.. I'm looking forward to a great year doing 100 interviews!
More From Canadian-Money-Advisor.ca Discuss General Discussion Other posts about Canadian Monty's Thoughts More articles from December, 2009 More articles from 2009
what are life insurance rates
- Posted December 28, 2009 by Monty LoreeWhat are Life Insurance Rates?
Importance of life coverage
Insurance is a protection that you take against uncertainties and complications in the future. There are various types of insurance but the most important is life insurance. This provides solace to the insurer that his loved ones will get financial assistance after his demise. The insurer however has to pay regular payments to the insurance company for a period of time or until his death. The insurer also has to specify a nominee or any number of nominees who will get the financial assistance. The nominees have to claim the insurance after the demise by providing proper credentials. It is a good and recommended practice to inform the nominee about it. There have been several insurance policies that lie unclaimed with insurance companies. Life insurance policies are of different types and the insurer can choose anyone based on his requirement and suitability. The life insurance rates change based on the type of insurance policy taken.
Insurance quotes for Canadians
The insurance providers in Canada offer two types of life insurance mainly. The types are Term insurance and Full life insurance. The former is for a period of time only. At the expiry of the contract, the insurance cover ceases. This might be used in specific cases only. Full life insurance is for the whole life. The premiums should be continued to be paid by the insurer. The money however serves two purposes. A part of the premium goes towards life insurance and the rest will go towards investment. The investment could be either in deposit account with a bank or in a unit linked plan for investing in shares and stock market. The life insurance rates of term insurance are comparatively lesser than full life cover. The purpose of term insurance is solely for providing cover against life. Full life insurance however deals with both cover and investment. There are lots of sites which provide quotes for insurance policies for Canadian people. They get schemes and details from almost all insurance providers in Canada. The quotes will be displayed based on the information provided by the users. The expectations of the insurer from the policy are collected. Some medical information is also collected. These quotes will tell you which policy to take and the amount of insurance cover that might be taken. This amount should be based on the dependants of the insurer and their income.
Which type of insurance to take?
The different types of insurance have their own purposes. Term insurance can be used by small families whose main aim is for protection in case of death. The life insurance rates are also lower. The insurers however do not enjoy many benefits other than cover. Full life insurance can be useful for tax planning purposes and as a long term investment plan. Some people go in for this full life to get both cover and get returns on them. The decision to go for the insurance policy should be made after consultations with the financial advisor or manager. There are different types of policies for different people.
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2009 More articles from 2009
what is penny stock advice
- Posted December 28, 2009 by Monty LoreeWhat is Penny Stock Advice?
Penny stocks and investment
Stock markets are one of the areas where you can put money into it and watch it grow. This has attracted people so much that share markets were established to enable them trade the shares and the stocks. The people trading in stock markets are so much that a large company has market capitalization running hundreds of millions of dollars. The share prices of such shares are also in terms of tens of dollars to even touching hundreds for some. Such shares are out of reach of people for those who have a small budget. These people however can invest in Penny stocks. These stocks are of small companies that are not popular and profit making to be traded on the main share markets. They have a share price of lesser than $1 to even $5. The market capitalization of these stocks is also very less. These stocks can be considered second rung stocks that mainstream brokers stay away from. A fresher before investing in penny stock should take penny stock advice before investing.
Steps to do before investing
Investing in penny stocks needs more research and homework to be done before investing when compared to mainstream shares. The details about penny stocks are tough to get since they are small companies and will be hard to get information. There are listings of penny stocks that are doing well or which are promising as a prospect to invest. The investor can collect the companies that he might look at from them. There are also penny stock leads which could be utilized to get information. The investor must then narrow his choices to two companies. The investor should look at the company�s financial status, profitability, management and recent progress when deciding the company. The investor can also get advice from any eminent expert in the field. They would be able to give any inside information about the company. The sector where the company operates should also be researched to know its prospects. The recent news about the company if any can be got from financial articles and on the internet. The best penny stock advice is to do a lot of research before investing.
Precautions and care to be taken
Penny stocks are highly speculative as an investment. The investor could either get manifold on his investment or end up losing all his money. There are also lots of irregularities and scandals revolving around penny stocks. Penny stocks are sued by companies to make profit illegally. They will increase the share price by false propaganda and sell a lot of shares when it increases. The investor should not fall into such traps. The investor should get a good broker to manage the transactions. Most brokers prefer not to involve in these stocks. There are some online websites that help the investors to trade penny stocks in Canada. Since the number of shares is less for penny stocks, it may be difficult to buy or sell these stocks. The best penny stock advice is to tread with caution and care when dealing with these stocks.
More From Canadian-Money-Advisor.ca Discuss Investing Other posts about Canadian Investing More articles from December, 2009 More articles from 2009
 Subscribe in a reader |
|
|||||||||||||||||||||
|
||||||||||||||||||||||
|
Secured MasterCard Apply Today! |
|
|||||||||||||||||||||
|
||||||||||||||||||||||
Canadian Debt Settlement Canadian Dollar Forex Monty Loree - EzineArticles Life Insurance Rates Life Insurance Blog Canadian Mortgage Trends Ellen Roseman Canadian Life Insurance CMA Faqs Master DoFollow Blog Directory Enjoy our "What Is This?" articles • Taxes • Credit • Debt • Bankruptcy • Credit Repair • Investing • Making Money • Saving Money • Retirement Planning |
|
|||||||||||||||||||||
|
|
||||||||||||||||||||||
| Site Menu | ||||||||||||||||||||||
| Canadian Credit Cards | ||||||||||||||||||||||
|
Best Canadian credit debt Financial Blog Canada, British Columbia (BC), Alberta (Alta), Saskatchewan (Sask), Manitoba (MB), Ontario (Ont), Quebec (Que), Newfoundland (Nfld), New Brunswick (NB), Nova Scotia (NS), Prince Edward Island (P.E.I.), credit canada, Canadian |
||||||||||||||||||||||