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?
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Top ways that credit card fees sneak into your trip + MORE Jul 19th
It’s summertime, and that means break time for many Canadians. If you’ve been using a credit card to book your holiday and spending while on vacation, you might be paying more than you think. While travel credit cards often offer perks or rewards, they can often come with expensive upfront annua.... More »
Air Miles top executive cashes in while collectors fume + MORE May 15th
While some collectors struggled to redeem Air Miles last year, the president and CEO of Air Miles' parent company LoyaltyOne, Bryan Pearson, was paid a $2.7-million (US) compensation package..... More »
RWRDS Daily Update June 26: MBNA Rewards World Elite Mastercard offering 5x points at Costco & three new Amex Offers + MORE Jun 26th
MBNA Rewards World Elite Mastercard holders being offered 5x points on wholesale club purchases and New Amex Offers statement credits for Harry Rosen, Turo & Uniqlo. Check out today's points & miles updates here:
The post RWRDS Daily Update June 26: MBNA Rewards World Elite Mastercard offe.... More »
Podcast Episode 69 - Huge Aeroplan promotion - Receive 50% of your miles back on award flights within Canada or between Canada and the U.S. + MORE Jun 23rd
Episode 69 - June 23, 2020 Huge Aeroplan promotion - Receive 50% of your miles back on award flights within Canada or between Canada and the U.S. In this episode we discuss the amazing Aeroplan redemption offer that was released on June 17. We discuss the details of the promotion, h.... More »
The best student credit cards in Canada for 2024 + MORE Aug 31st
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
Should I combine my defined benefit pensions?
– moneysense.ca
Q: I have a defined benefit pension plan with OMERs which will pay $24,000 a year. I have three years in a HOOPP defined benefit pension plan which currently will pay about $5,000 a year. HOOPP and OMERs have a reciprocal agreement. Am I better off keeping the plans separate or moving my OMERs into HOOPP?
—Walter Winkler, B.C.
A: Reciprocal agreements among DB pension plans have been created to offer a fair consolidation of entitlement. It is based on the actuarial value of your entitlement plus the plan features and ancillary benefits such as inflation protection, early retirement options and survivor benefits. The credit you receive is intended to be fair value but may not result in the same amount of service credit.
These transfer agreements provide employees with the comfort that they can manage their career among a wider scope of opportunities. The end result is as if you were enrolled in the successor pension plan all along. So your pension entitlement is easier to calculate and forecast…
The Best No Annual Fee Credit Cards of 2016
– canadianfinanceblog.com
Best No Annual Fee Credit Cards
#1
Tangerine Money-Back Credit Card
4% Cash back in bonus categories for 3 months
Apply Now
#2
President’s Choice Financial MasterCard
Best for frequent Superstore and Loblaws shoppers
Apply Now
#3
MBNA Rewards MasterCard
0% balance transfer for 6 months
Apply Now
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Credit cards can be great tools to help you better manage your money. With credit cards, you end up with the convenience and safety of plastic. They are low-hassle ways to ensure that you can pay for your needs and wants. However, convenient these tools are, though, there isn’t a reason to pay an annual fee if you don’t want to.
There are plenty of credit cards that will charge you an annual fee. Sometimes, these fees can be worth it if you earn rewards quickly and will use them. If you want to save money, though, look for no annual fee credit cards. In some cases, an argument can be made for getting a credit card with an annual fee…
No card, no problem: Pay with your ring, watch, bracelet
– creditcards.com
The credit card of the future may be a chip embedded in an accessory you wear
The dispute between Walmart Canada and Visa over merchant fees heats up today as the retail giant stops accepting the credit card at its 16 stores in Manitoba.
October 24 Update: Aeroplan accumulation changes on Thai Airways and convert hotel points to MileagePlus for a 25% bonus
– RewardsCanada.ca
News, Tips & Tricks Aeroplan has announced more accumulation changes. This time for flying on Thai Airways. The lowest economy fares have taken hits. (Source Aeroplan) Effective for travel December 1, 2016, earn 50% of the miles you fly in booking classes T, K or S. For travel until November 30, 2016, earn 100%. Effective for travel December 1, 2016, booking classes G, V and W will no longer be eligible for accumulation. For travel until November 30, 2016, earn 50%. AIR MILES members can earn 60 bonus Reward Miles for spending $40 or more until the 27th at Rexall. Get the coupon here. Japan Airlines Mileage Bank has announced some changes to their program. The good news is that they are moving to one way award tickets costing only 50% of the round trip cost for flights within Japan. There are some other minor changes including the move to expiring miles folllowing Japan Standard time rather than your timezone. JMB miles expire 36 months after the end of the month they are earned in…
