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Introducing the new HSBC Cash Rewards Mastercard®: No annual fee, up to a $100 welcome bonus & 1.5% back for online purchases + MORE Feb 18th
HSBC continues to expand their presence in the Canadian market as they have now added a cash back card to their portfolio of credit cards. That new card is the HSBC Cash Rewards Mastercard® and it becomes the fourth card from this issuer that is available to the general public. It also marks .... More »
August 7 Update: Save 25% on companion fees at 7 Canadian Plaza Premium lounges, 4x Aeroplan Miles at Costco.ca & 9 new bonuses + MORE Aug 8th
Plaza Premium has a special offer running until the end of August where you can save 25% on lounge entry fees for any of travelling companions at 42 of their lounges worldwide. Seven of their Canadian lounges are included. Find out more here.Toronto Pearson International Airport: Plaza Premium Lo.... More »
Retrieving CVV, expiration date on deceased's credit card + MORE Jun 23rd
If the primary cardholder dies, an authorized user cannot use the card anymore.... More »
The Scotiabank Platinum American Express Card should not be overlooked Jan 7th
There is one Ultra Premium credit card that just can’t seem to get the spotlight, even with it having some significant changes in 2022, it quickly falls into the shadows of other cards. That card is the Scotiabank Platinum American Express card. A sleeping giant in our market, the card fills a.... More »
The Aeroplan saga ends a long, useless financial detour + MORE May 22nd
Aimia, the company which operates the Aeroplan loyalty program, was recently dumped by Air Canada, which will start its own in-house frequent-flier scheme starting in 2020
.... More »
What happened to Justin Trudeau’s all-star Cabinet?
– macleans.ca
Harjit Sajjan. (no credit)A single episode, no matter how demoralizing, shouldn’t be inflated into the story of a whole government. Still, the pummelling Defence Minister Harjit Sajjan took in question period and beyond—after he had to apologize for untruthful boasting about his role in a military operation more than a decade ago in Afghanistan—highlighted a problem far broader than Sajjan’s troubles: Prime Minister Justin Trudeau badly needs a few Cabinet ministers to start looking like stars.
Sajjan was supposed to be one. Appointing the rookie Vancouver MP as defence minister was among the bold moves that helped define Trudeau’s heady early weeks in power in the fall of 2015. The conventional choice for Defence would have been another newcomer to politics, retired general Andrew Leslie, who had led the army in which Sajjan merely served as a reserve officer. But Sajjan was the far cooler pick: a former Vancouver police detective, decorated for intelligence work against the Taliban in Kandahar…
How much you’d save with a low-interest credit card
– moneysense.ca
A recent TransUnion report finds the average Canadian held $4,094 in credit card debt in the fourth quarter of 2016, with almost half of them carrying a balance month to month. With the average rewards credit card interest rates hovering around 19.99%, it makes sense that 51% of Canadians are looking for low-interest credit card options.Low-interest credit cards are a great tool to save some serious money on your interest payments. Some cards for example, could have rates as low as 8.99% and 11.9%. This difference in interest rates can work out to thousands of dollars in interest savings in the long run if you tend to carry a balance.
Consider the two scenarios illustrated by Ratehub.ca below to see how much you could save with a low-interest card.
Keep in mind the calculations only take into account the beginning balance, not any additional spending that you might incur over the payback period.
Scenario 1: $4,000 balance, 19.99% interest rate
Scenario 2: $4,000 balance, 8.99% interest rate
Scenario 1 vs…
What the Home Capital crisis reveals about the housing market
– canadianbusiness.com
(Jonathan Hayward/CP)In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited credit history. “The team at Home Capital today is second to none,” Soloway said in a press release. “I know that the company is in great hands, and I am very confident in their ability to take Home Capital to new heights.”
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How Canada’s real estate market went completely insane
Since then, the company’s share price has plummeted 78 per cent, the deposits it relies on for funding are quickly evaporating and Home Capital’s future is in doubt. The problems started in July 2015, when the firm disclosed it had cut ties with 45 mortgage brokers after an internal investigation revealed that borrower income and employment information had been falsified in order to obtain loans…
What happened to Justin Trudeau’s all-star Cabinet?
– macleans.ca
Harjit Sajjan. (no credit)A single episode, no matter how demoralizing, shouldn’t be inflated into the story of a whole government. Still, the pummelling Defence Minister Harjit Sajjan took in question period and beyond—after he had to apologize for untruthful boasting about his role in a military operation more than a decade ago in Afghanistan—highlighted a problem far broader than Sajjan’s troubles: Prime Minister Justin Trudeau badly needs a few Cabinet ministers to start looking like stars.
Sajjan was supposed to be one. Appointing the rookie Vancouver MP as defence minister was among the bold moves that helped define Trudeau’s heady early weeks in power in the fall of 2015. The conventional choice for Defence would have been another newcomer to politics, retired general Andrew Leslie, who had led the army in which Sajjan merely served as a reserve officer. But Sajjan was the far cooler pick: a former Vancouver police detective, decorated for intelligence work against the Taliban in Kandahar…
