Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Scotiabank CEO downplays concerns raised over Canadian debt levels Mar 22nd
TORONTO _ Scotiabank’s chief executive says he disagrees with recent red flags raised over Canada’s high debt levels by an international body, and that he is “comfortable” with the lender’s risk profile.
Brian Porter told a University of Toronto conference that he had a.... More »
Unsecured or Secured Credit Cards – What’s the Difference? May 10th
Are you looking for secured credit cards? Not sure if you should open a secured or unsecured card? If you’re rebuilding your credit score, a secured credit card can help you get your credit back on track. An unsecured credit card requires you to have established credit and can often include t.... More »
Bank fees: Everything you need to know before switching to a no-fee account Jul 29th
With the recent news that bank fees have increased during the pandemic and challenger banks like Neo Financial promising no fees on accounts, switching banks may be at the forefront of your mind. But having a good understanding of bank fees—what they are, how they’re determined and the kind of s.... More »
Canada’s best credit cards for gas Dec 6th
Gas costs can be a hefty line item, especially for Canadians with a daily commute or even a hybrid situation—and it’s one that is largely out of our individual control. Using the right credit card when you fill up will earn you a return on your fuel expenses. But which card should you pick? We b.... More »
The Big Five banks’ CEO cycle is complete. Here’s how they performed + MORE Apr 22nd
(CP)
And then there were none. Earlier this month, Bank of Montreal (BMO) top boss Bill Downe announced he would be stepping down at the end of October. His departure will mark the end of a CEO cycle for Canada’s Big Five banks.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;bord.... More »
CIBC must pay back $73 million in fees it improperly charged customers for 14 years, while customers looking at their monthly statements all that time would never have noticed. Is it time for more transparency in the financial services industry?
Review: Scotia Momentum® VISA Infinite Card
– ratesupermarket.ca
Are you looking for a card that gives you up to 4% cash back, travel perks and no annual fee for the first year? Enter the Scotia Momentum® VISA Infinite card which is chock-full of features that can help you save money and make your life easier in a number of ways. While it may not earn any actual travel rewards, it offers some luxurious options only available to VISA Infinite cardholders that can help enhance your travel experiences. There are also a number of travel insurance benefits and it’s eligible for Apple Pay, making this a well-rounded card. It’s no wonder it’s a three-time winner of RateSupermarket.ca’s Best of Finance in the cash back credit card category!
Card Details
Earning Rate:
4% cash back on all eligible gas station and grocery store purchases
2% cash back on eligible drug store or pharmacy purchases as well as recurring bill payments
1% cash back on all other eligible purchases
Note that the 4% and 2% rates apply to the first $25,000 you spend annually at merchants that accept VISA…
