There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
Ancient proteins hint at all-female Homo naledi burial site in Rising Star cave system - Phys.org + MORE Jun 24th
Ancient proteins hint at all-female Homo naledi burial site in Rising Star cave system Phys.orgFossils of archaic human Homo naledi found in a cave are the same sex. Scientists want to learn why CNN'A weird result from an already weird hominin': Archaeologists discover all Homo.... More »
Canada’s best travel credit cards 2022 + MORE Jan 5th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
B.C. telescope finds 25 repeating cosmic radio signals - Coast Reporter + MORE Apr 27th
B.C. telescope finds 25 repeating cosmic radio signals Coast ReporterAstronomers double the number of repeating cosmic probes Phys.orgAre aliens trying to contact us? Astronomers detect 25 radio bursts Daily MailAstronomers discover record haul of 25 new repeating 'f.... More »
A closer look at the newly refreshed Platinum Card from American Express + MORE Mar 11th
The Platinum Card from American Express is now three weeks into its refresh and for the most part the changes have been well received. Back on February 13th we detailed the refresh that saw two changes come to one of the best high end premium cards in Canada. The first change was the poi.... More »
RWRDS Daily Update – June 4, 2024: 100,000 points bonus on the BMO Rewards World Elite Business Mastercard & TD’s new card offers for the summer Jun 4th
New increased welcome bonus on the BMO Rewards World Elite Business Mastercard, New summer offers for the TD Aeroplan and First Class Travel Visa cards and no Canadian Flying Blue Promo Rewards this month Check out today's points & miles updates here:
The post RWRDS Daily Update – June 4, 202.... More »
Canadian banks raise prime lending rate to 3.45%
– moneysense.ca
TORONTO — Canada’s biggest banks will hike their prime rate by a quarter of a percentage point on Thursday, putting financial pressure on homeowners with variable rate mortgages.
The Royal Bank of Canada (TSX:RY) was first to announce its prime rate will rise to 3.45 per cent, shortly after the Bank of Canada raised its key short-term rate by a quarter-point to 1.25 per cent.
RBC was followed by Bank of Montreal (TSX:BMO), CIBC (TSX:CM), Scotiabank (TSX:BNS), TD Canada Trust (TSX:TD), National Bank (TSX:NA) and Desjardins Group — a financial co-operative with offices throughout Quebec and parts of Ontario.
READ: Why banks are slow to lower lending rates, but quick to hike them
Banks tend to raise their own prime rates after the central bank raises its key lending rate, which affects wholesale borrowing costs for the major lenders and the retail borrowing rates they charge consumers.
The prime rate is used as a benchmark for variable-rate mortgages and some lines of credit.
Consumers with a fixed-rate mortgage will be unaffected by the Bank of Canada’s move on Wednesday until it’s time for the borrower to renew the mortgage…
The Royal Bank of Canada (TSX:RY) was first to announce its prime rate will rise to 3.45 per cent, shortly after the Bank of Canada raised its key short-term rate by a quarter-point to 1.25 per cent.
RBC was followed by Bank of Montreal (TSX:BMO), CIBC (TSX:CM), Scotiabank (TSX:BNS), TD Canada Trust (TSX:TD), National Bank (TSX:NA) and Desjardins Group — a financial co-operative with offices throughout Quebec and parts of Ontario.
READ: Why banks are slow to lower lending rates, but quick to hike them
Banks tend to raise their own prime rates after the central bank raises its key lending rate, which affects wholesale borrowing costs for the major lenders and the retail borrowing rates they charge consumers.
The prime rate is used as a benchmark for variable-rate mortgages and some lines of credit.
Consumers with a fixed-rate mortgage will be unaffected by the Bank of Canada’s move on Wednesday until it’s time for the borrower to renew the mortgage…
Earn Double Aeroplan Miles on select Air Canada routes between Canada and the U.S., Europe, Africa, Asia, Australia and Sun destinations
– RewardsCanada.ca
Nice to see more flight bonuses coming out of Air Canada and Aeroplan – its been a bit dry in that department for a few months now! This offer awards double miles in all fare classes from the lowest Tango fares to the highest flexible business class fares on select routes across Air Canada’s network. There are quite a few routes included so be sure to check out the the registration page to see if any work for you. Even if you don’t have plans to fly any of the participating routes it’s best to register no matter what to make sure you are covered if your plans do changes. The double miles will be awarded on flights that are booked by February 15 (and only after January 15 – any flights booked prior won’t count) for travel until June 30.Offer detailsDouble Aeroplan Miles when you fly on select Air Canada and Air Canada Rouge routes between Canada and the U.S., Europe, Africa, Asia, Australia and Sun destinations. Register Online (Registration is required) Register and book by Feb 15 for travel until Jun 30, 18Here are all the routes you can earn the bonus miles on:Research: Sunny days increase credit card spending – CreditCards.com
– creditcards.com
As the mercury rises, research shows we tend to spend a bit more carelessly
What to do about your debt after the interest rate hike
– moneysense.ca
TORONTO — Many consumers will soon find their debt loads heavier now that Canada’s central bank and the country’s biggest commercial lenders have raised their benchmark rates by one-quarter percentage point.
The country’s biggest banks raised their prime rates after the Bank of Canad hiked its overnight lending rate Wednesday by a quarter of a percentage point to 1.25 per cent.
READ: Your mortgage is about to get more expensive
It’s a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008 financial crisis because lenders use their prime rate as a benchmark for setting some other short-term rates including variable-rate mortgages and lines of credit. A hike is good news for savers as the prime rate also affects interest rates for savings accounts.
If you’re contemplating how to best take advantage of the increased rates or avoid falling into further debt, personal finance expert and Ryerson University business professor Laleh Samarbakhsh shared her advice…
The country’s biggest banks raised their prime rates after the Bank of Canad hiked its overnight lending rate Wednesday by a quarter of a percentage point to 1.25 per cent.
READ: Your mortgage is about to get more expensive
It’s a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008 financial crisis because lenders use their prime rate as a benchmark for setting some other short-term rates including variable-rate mortgages and lines of credit. A hike is good news for savers as the prime rate also affects interest rates for savings accounts.
If you’re contemplating how to best take advantage of the increased rates or avoid falling into further debt, personal finance expert and Ryerson University business professor Laleh Samarbakhsh shared her advice…
Rewards options when you have too many points – CreditCards.com
– creditcards.com
You’ve saved up hundreds of thousands of credit card reward points. What are your options?
