Rock-bottom interest rates clearly have lessened inhibitions about borrowing, particularly for home purchases.

The Bank of Montreal is introducing a Mobile Pay Pass Tag which will allow their customers to pay for service using a sticker on their mobile phone.

Aeroplan is rolling out a plan to increase reward redemption requirements for free flights. The average increase is just under 5%.

Bank of Canada has hiked its key interest rate by 1/4 of a percent pushing the overnight lending rate to 1%.

With a recession upon Canada, the Bank of Canada has chopped the prime rate by 0.75%.

Reward programs are an important part of choosing the right credit card. Not all rewards programs are created equal and some rewards programs might not be appropriate for all cardholders.

Rewards credit cards allow you to accumulate points or miles towards purchasing flights, hotels, rental cars, merchandise and other free stuff. Generally, you have to accumulate enough points to buy your desired freebie. Some rewards programs have a portal or catalog with a limited selection of items that you can purchase through them.

There is a new kind of card in Canada called a pre-paid card. Make no mistake, a pre-paid card is not a credit card but can be used anywhere that Visa or MasterCard is accepted.

We have added a balance transfer category to the credit cards and a new menu item on the left hand navigation. Credit cards that have special introductory balance transfer interest rates are now categorized for easy comparison. You can view the new category of credit cards here.

Many people have destroyed their credit rating by racking up too much debt and not having the financial means to pay the monthly payments. It seems that in this day and age, lots of debt is common place especially useless credit card debt from simply overspending and not adhering to a budget.

Are rewards credit cards worth it? The short answer to this question is that it depends, everybody is different in how they use their credit cards.

If you are like many Canadians that carry a balance on your credit card, you may find that switching to a new credit card with a low introductory interest rate on balance transfers a way to decrease your credit burdon, at least temporarily.

Credit Card Search (CCS) is pleased to now offer a comment feature on all credit cards. This is the first step to a full review system whereby a user can review and rate credit cards.

Welcome to Credit Card Search's new web site. We have just launched our new web site and we hope you find it more useful.