The “Big Five” Canadian banks offer credit cards and 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). Did you know that there are many other options?
Latest News
American Express Cobalt Card: 67 new confirmed multiplier locations to earn up to 5x points! + MORE Aug 25th
Here’s the next update to our American Express Cobalt Card Confirmed Multiplier Locations list with 67 new locations from across Canada being added today. A big thank you to the RWRDS Canada community for providing all the latest details on these new locations that have been added to the thousands.... More »
Hamilton staycation bonus points - 2,500 bonus points for stays of 2 or more nights at The TownePlace Suites by Marriott, Hamilton Mar 19th
Here's a nice little bonus offer to take a look at if you have been itching for a staycation in Southern Ontario. Starting tomorrow and running through to June 4 you can earn 2,500 bonus Bonvoy points for a 2 night or longer stay at the new TownePlace Suites by Marriott, Hamilton. This o.... More »
The best GIC rates in Canada for 2025 Apr 7th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
5 ways to protect your personal finances after a data breach Jun 4th
The onus is ultimately on you to check credit reports and account activities to ensure you don’t fall victim to fraud. Here are 5 steps you can take today..... More »
The best travel insurance credit cards in Canada for 2024 + MORE Jul 3rd
Spend
The best travel insurance credit cards in Canada for 2024
Searching for the perfect card? Compare your options with our interactive tool, and filter results based on rewards value, annual fees, income requirements, and more.
Compare now .... More »
What’s the best month to retire?
– moneysense.ca
Q: Is there a best month of the year to retire?
—Dory Urbano, Vancouver
A: It really depends on how you define “best.” If you follow astrology, a consultation with the stars will tell you what’s best. If you play golf, I’d say April is best so you can plan your summer tee times unencumbered. But from a financial perspective, there isn’t really a best time to retire. That said, there are still a few factors to take into consideration. For instance, you’ll want to make sure you work long enough to qualify for the richest pension possible. And if you have a bonus or retirement allowance you might want to consider scheduling your retirement in December so that the bonus pays out in the following tax year, when you have no salary income. Whichever month you choose, I hope you have the best retirement ever.
Leave your question for Bruce Sellery »
More expert answers:
Do I qualify for the pension tax credit? »
What can I hold in a non-registered account? »
How to pay less tax on RRSP withdrawals »
The post What’s the best month to retire? appeared first on MoneySense.
—Dory Urbano, Vancouver
A: It really depends on how you define “best.” If you follow astrology, a consultation with the stars will tell you what’s best. If you play golf, I’d say April is best so you can plan your summer tee times unencumbered. But from a financial perspective, there isn’t really a best time to retire. That said, there are still a few factors to take into consideration. For instance, you’ll want to make sure you work long enough to qualify for the richest pension possible. And if you have a bonus or retirement allowance you might want to consider scheduling your retirement in December so that the bonus pays out in the following tax year, when you have no salary income. Whichever month you choose, I hope you have the best retirement ever.
Leave your question for Bruce Sellery »
More expert answers:
Do I qualify for the pension tax credit? »
What can I hold in a non-registered account? »
How to pay less tax on RRSP withdrawals »
The post What’s the best month to retire? appeared first on MoneySense.
RBC Visa Infinite Avion featuring a 1.9% balance transfer and cash advance interest rate for 10 months
– RewardsCanada.ca
Normally we do not condone carrying a credit card balance, let alone a balance on a higher end premium travel rewards card. However we know there are thousands of Canadians who are having a bit of a tough go at it right now and are carrying balances on their credit cards. Whether its a no fee no rewards card or a high end travel rewards card many of you are paying some super high interest rates on balances being held on cards. Heck the last known study shows Canadians increased the balances they are holding on credit cards by $500,000,000. That’s right half a billion more dollars that you are being charged interest on. That’s not even the total amount held as balances, simply how much it has increased in about the last 18 months!So what can you do? First you need to change your spending habits, many Canadians spend upwards of $3 for every $1 they make! That simply needs to change and if you are ready to change you need help. So taking advantage of a low interest offer is something we have always mentioned when talking about debt, whether its a consolidation loan or a credit card with a low interest rate…If you settle debt, expect a credit score drop
– creditcards.com
Debt settlement can help get you out of overwhelming debt, but there will be a catch
Paper versus online statements: 8 FAQs
– creditcards.com
Frequently asked questions about switching from paper to online statements for your credit card account, or maybe switching back
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…
