The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Could Covid-19 Cause Cashless Payments to Be the New Normal? Jun 23rd
It’s hard to pay from six feet away.
Plus, the idea of touching cash is making many queasy these days, which is why the COVID-19 pandemic may be speeding up the move to a cashless society.
According to a recent survey by Payments Canada, which compared spending behaviours pre-COVID-19 and at five.... More »
The best high-interest savings accounts in Canada for 2023 Jul 19th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The rates i.... More »
12 Months to Being Debt Free – August + MORE Aug 25th
With only five months left in our 12 months to being debt free challenge, some of you may be hitting a wall in your debt repayment journeys. If the reason behind this is because a big chunk of your repayment goes towards interest every month, then you should consider taking steps to reduce the amou.... More »
Lower Rates Means Less Stress in the “Stress Test” + MORE Jul 24th
Starting now, Canadian mortgage seekers will find it easier to qualify for more money. That’s because the Bank of Canada has dropped its five year benchmark qualifying rate from 5.34 percent to 5.19 percent. This is the rate banks use to qualify would-be-homebuyers for a mortgage.
This is the fir.... More »
Saudi Arabia's corruption crackdown spreads beyond its borders - Business Insider + MORE Nov 9th
Business InsiderSaudi Arabia's corruption crackdown spreads beyond its bordersBusiness InsiderSaudi Arabia's crackdown on corruption has spread beyond its borders as regulators in the United Arab Emirates ask UAE banks for information about Saudi citizens detained in the investigation, a p.... More »
What to Do if Your Credit Card Application is Rejected
– ratesupermarket.ca
With so many ads and promotions floating around, it may appear that companies are practically giving credit cards away. However, when you apply for a credit card there is absolutely no guarantee you’ll be approved.
There might be a perfectly “good” explanation for why you were rejected. However, if you believe you have a solid credit history, the first thing to check is whether or not your identity has been compromised. Once that has been clarified, think about what could be causing you to have a questionable credit score. There are ways to improve your situation to ensure your next application is approved.
If You Thought You Had a Good Credit Score, but …
There’s no need to panic if your credit card application is rejected, but it is important to investigate why you were turned down. It’s a good idea to call the credit card company directly first. Sometimes there can be a simple explanation – for example, you applied for a credit card but didn’t meet the minimum requirement or the company was missing a piece of information…
