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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What steps can I take to rebuild my poor credit history? Mar 6th
There’s no quick fix or to repairing your credit history, but every step counts including paying your bills on time and perhaps setting up automatic withdrawals so you don’t miss a payment..... More »
RWRDS Daily Update July 31: 200 Bonus AIR MILES when you join CAA South Central Ontario & the BMO AIR MILES Mastercard for Students to be discontinued + MORE Aug 1st
Get 200 Bonus AIR MILES when you join CAA South Central Ontario & The no fee BMO AIR MILES Mastercard (Student) to be discontinued. Check out today's points & miles updates here:
The post RWRDS Daily Update July 31: 200 Bonus AIR MILES when you join CAA South Central Ontario & the BMO.... More »
Amazing business class fares on Air France’s Ottawa and Quebec City to Paris flights Jun 5th
Air France has further extended the amazing business class sale for their new upcoming Ottawa to Paris route and their returning Quebec City route! Right now you can purchase round trip business class fares for $2,242. If you have the Platinum Card from American Express you can get these flights f.... More »
The 3 most overrated credit cards in Canada + MORE Oct 1st
Out of the several hundred credit card options in Canada there are perhaps three dozen cards that get the majority of attention. Rightfully so, some of these cards deserve the attention they get – cards like the American Express Cobalt Card and the Scotiabank Passport Visa Infinite Card, j.... More »
Earn 100 Aeroplan Points for every $5 donated to the Canadian Red Cross + a chance to win 250K Aeroplan Points + MORE Sep 9th
During the month of September if you donate to the Canadian Red Cross you will earn Aeroplan points for doing so. Members will earn 100 points for every $5 donated and if you donate $100 or more you'll also be entered for a chance to win one of two 250,000 Aeroplan points prizes. This offer runs.... More »
Miles & More Award Ticket Sale – Save 50% on Economy class award tickets from Toronto to Europe
– RewardsCanada.ca
As we do each month we bring you the latest set Miles & More “Meilenschnaeppchen” discounted mileage awards! This month we see another good offering of economy award tickets! The offers are for departures on Lufthansa from Toronto to 85 destinations in Europe.These are good for travel between Feb 1 and Mar 15 and must be booked by Nov 1. You can redeem Miles & More miles for round trip economy class tickets on Lufthansa from Toronto to Europe for only 30,000 miles. This is a 50% discount off the normal Economy Class award ticket price of 60,000 miles. Granted the Lufthansa tickets will have fuel surcharges but this is still a pretty good deal when you look at it as a whole in terms of miles+cash outlay. Some of the economy class offers:As we mention every time they have the 50% off economy offer is that you could in theory get the tickets with grabbing a single credit that has a $120 annual fee! How so? As we usually mention in this post you can boost your Miles & More account with the Starwood Preferred Guest Credit Card from American Express…Q&A with author Emma Johnson on protecting credit as a single parent
– creditcards.com
As a single mom going through a big life change, it’s critical to stay on top of your credit because that’s when you’re going to need it most
Is it safe to have $600,000 in savings invested in GICs?
– moneysense.ca
Q. I live in Manitoba and have about $600,000 invested in GICs at a local credit union. I am 63 years old, retired with a pension, no debt and no mortgage. However, I still worry about this money and it has been hard for me to find an unbiased view on its safety. Can you help?
—Glenda W.
A. I think you can relax, Glenda. Your money is safe. Credit unions in your province have the Deposit Guarantee Corporation of Manitoba which provides unlimited guarantee of all deposits. GIC’s are covered, but not stocks or mutual funds. If you were with a Canadian bank, your deposits would be covered by CDIC insurance, which protects accounts up to $100,000.
Your investment personality is risk-averse, which is totally fine. But there is one risk that you may not be factoring into your assessment: Inflation risk. Prices for food, gas and almost everything else are on the rise, but your GIC probably isn’t earning much to account for that.
RELATED: The safe, unloved, amazing GIC
You are in the enviable position of no debt, no mortgage and a pension, mitigating your risk significantly…
Finding value in the soda aisle
– moneysense.ca
S K I P A H E A D
Climbing CATS
Putting a price on something holds a fascination for me. That’s why I paid attention when I recently wandered into a drugstore looking to quench my thirst. I was taken aback to discover that they were selling the same brand-name pop in six different sizes and at nine different prices.
The dizzying array of possibilities started with the worst deal. A 591 ml bottle was displayed in a refrigerated section near the front of the store that went for a whopping $2.49, which is equivalent to $4.21 per litre.
You could also pick up 1 litre bottles in the same section for $2.49 each or three for $5.00 ($1.67 per litre). It’s an old trick. An outrageously high price on one item makes the simply high price on another look like a bargain by comparison.
Bigger discounts could be found at the back of the store. The best was on a six pack of 710 ml bottles that cost $2.29 per pack or $0.54 per litre. Alternately, you could pick up a case of twelve 355ml cans for $3…
