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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April 13 Update: 25 Free AIR MILES, 100 Free ConnectMiles and save 50% on a second room with Starwood in EMEA + MORE Apr 13th
You can get 25 Free AIR MILES Reward Miles for subscribing to Lowes emails! Find out more here. (Bonus Miles will not be awarded to residents in Nova Scotia, New Brunswick, PEI, Newfoundland and Labrador)And speaking of free miles, over on FFB we detailed how you can get 100 Free Copa ConnectMiles -.... More »
Best Gas Credit Cards in Canada for 2023 Oct 10th
If you spend a lot of time on the road, whether commuting or shuttling kids around to their various activities, you understand how expensive gas is. Thankfully, you can save a lot of money at the pumps by using a gas credit card.
But with so many credit cards to choose from, how do you know which on.... More »
The South Pole Wall: 100 Million Billion Stars Are Found Hiding in the Milky Way - Science Times + MORE Jul 11th
The South Pole Wall: 100 Million Billion Stars Are Found Hiding in the Milky Way Science TimesBeyond the Milky Way, a Galactic Wall The New York TimesAstronomers discover South Pole Wall, a gigantic structure stretching 1.4 billion light-years across Livescience.comA.... More »
Amex Offers: Spend $300 with Marriott to get a $60 credit + MORE Oct 25th
A new Amex Offers offer came out recently that should appeal to a lot of our readers. This offer is for stays at Marriott hotels in North America where you spend C$300 (can be in multiple transactions/stays) to receive a $60 credit. Stays must be posted to your account by January 14, 2020. It does e.... More »
May 13 Update: Amex lowers welcome bonuses on The Platinum Card & Business Platinum Card, a look back at the first 100K point credit card bonus in Canada, good Travelzoo deal for Brewster's Mountain Lodge in Banff + MORE May 14th
American Express has really shifted focus on keeping current Platinum cardmembers engaged and using their cards as much as possible with the amazing double points double value promotion. However as it is so lucrative for cardmembers and pricey for American Express to maintain they have dropped t.... More »
May 29 Update: Podcast 29 is available for download, up to 25% off Priority Pass memberships, Double Aeroplan Miles on select Air Canada routes
– RewardsCanada.ca
News, Tips & TricksEpisode 29 of the Rewards Canada Weekly Roundup Podcast is out now! We discuss the Scotiabank Platinum American Express as the sleeper card in the Canadian premium card market, Amex dropping minimum income requirements, the Alaska Airlines Groupon Partnership and more. Download and subscribe to the podcast here!Priority Pass, the world’s largest 3rd party airport business class lounge program is celebrating their 25th Anniversary with up to 25% off their annual memberships. You can learn more about Priority Pass and this offer in our Guide to Business Class Lounge Access or head straight to Priority Pass to get in on this deal. This offer is valid until June 30. Another AIR MILES Coupon for you if you need to shop at Rexall over the next few days. 50 bonus miles for a $30 spend. Get the coupon here. Posts since our last update: Earning Stories: IHG Rewards Club Spring Bonus – 4,832 Points for a negotiated group rate stay Welcome to the next post in the Earning Stories series right here on Rewards Canada…Using pension money to pay down debt
– moneysense.ca
Q: My husband is 65 and will soon be “paid off” to retire. The reason he’s still working is because we still have a sizable credit line debt of $50,000. (no mortgage or credit card debt). My husband will have a healthy DC pension that could pay us about $25,000 a year if we buy an annuity. As all the experts say you shouldn’t retire with debt, I was thinking of taking out the amount we owe from my small private pension and paying off the debt. I know that I will be hit with taxes but at least we will be debt-free. What is your opinion on this?
— Judy M.
A: Paying off debt is an effective part of your overall retirement readiness although it doesn’t have to be absolute. In today’s low-interest environment, servicing debt is quite cheap so paying extra tax unnecessarily may be more expensive than the debt interest payments.
Start by ensuring you are paying the lowest interest rate available. Taking out a Home Equity Line of Credit (HELOC) will reduce your interest rate to 3…
— Judy M.
A: Paying off debt is an effective part of your overall retirement readiness although it doesn’t have to be absolute. In today’s low-interest environment, servicing debt is quite cheap so paying extra tax unnecessarily may be more expensive than the debt interest payments.
Start by ensuring you are paying the lowest interest rate available. Taking out a Home Equity Line of Credit (HELOC) will reduce your interest rate to 3…
Making long-term return forecasts
– moneysense.ca
I had the great pleasure of speaking to many of you at the MoneySense Roadmap to Riches event last weekend. I was particularly encouraged to see a large number of young investors in the audience. It’s always a pleasure to see young people taking charge of their finances early in life.
Afterwards I was asked what my expectations were for the market, and the couch potato portfolio, over the next 10 years, or so. It’s an interesting question and one that investors would love to know the answer to—both in advance and with certainty. Alas, it is something that I’m less than certain about. But I can try to entertain you with a few wild—or at least somewhat educated—guesses.
First, one can take the naive approach and guess that future returns will be similar to historical returns. The Credit Suisse Global Investment Returns Yearbook for 2017 reports that an index of the world’s stocks provided an average annual real return of 5.1% from 1900 through 2016. Bonds gained 1.8% annually and Treasury bills gained 0…
Afterwards I was asked what my expectations were for the market, and the couch potato portfolio, over the next 10 years, or so. It’s an interesting question and one that investors would love to know the answer to—both in advance and with certainty. Alas, it is something that I’m less than certain about. But I can try to entertain you with a few wild—or at least somewhat educated—guesses.
First, one can take the naive approach and guess that future returns will be similar to historical returns. The Credit Suisse Global Investment Returns Yearbook for 2017 reports that an index of the world’s stocks provided an average annual real return of 5.1% from 1900 through 2016. Bonds gained 1.8% annually and Treasury bills gained 0…
