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.
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7 everyday card questions that can leave you confused + MORE Mar 21st
Here are the most common simple yet vexing questions regarding credit and debit cards, and how you can answer them with confidence..... More »
The best Mastercard credit cards in Canada for 2025 Oct 30th
Mastercard, one of the biggest credit card networks, offers over 30 different credit cards in Canada, which can make shopping for a new card a little overwhelming. The good news: With so many cards, it’s easy to find one that meets your unique needs.
To help you get started, we selected t.... More »
RWRDS Daily Update Dec 27: Wealthsimple Visa Infinite Card now features No FX Fees and no spending caps Dec 27th
Wealthsimple Visa Infinite Card now features No FX Fees and no spending caps & Earn bonus AIR MILES for booking Hawaii travel. Check out today's points & miles updates here:
The post RWRDS Daily Update Dec 27: Wealthsimple Visa Infinite Card now features No FX Fees and no spending caps app.... More »
The best GIC rates in Canada for 2024 Dec 23rd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Credit Card Review: American Express Cobalt™ Card Sep 29th
Let me start off that, yes, there was a lot of buzz about the launch of the American Express Cobalt Card back in 2017 so the anticipation for it was big. The card has now been around for nearly five years and continues to dominate the Canadian market as the best travel rewards and best cash [….... More »
Your Priority Pass membership now offers more
– creditcards.com
If you receive Priority Pass membership from one of your high-end credit cards, you can now dine at some restaurants and stay in hourly hotels for free
Radisson Rewards: Earn up to 120,000 Bonus Gold Points for stays at Radisson Hotel Group Hotels
– RewardsCanada.ca
Earlier this month Carlson Rezidor Hotels and Club Carlson re-branded to a more recognizable name as Radisson Hotel Group and Radisson Rewards. Not too long after this re-branding we see the new Radisson Rewards first systemwide global promotion being launched! This offer sees members earning up to 120,000 bonus points for stays at Radisson Hotel Group hotels worldwide. The main thing to note with this promotion is that bonuses kick in after your second night stay (the nights do not have to be consecutive or at the same hotel) and unlike previous Club Carlson promotions this new promotion is starting to follow in the footsteps of programs like Aeroplan where bookings made before the promotion start date are not eligible and also their is shorter registration and booking window than the actual promotion run time. On top of the stay bonuses you can also earn an extra 500 bonus points for each booking made via their app.Offer details:Earn up 120,000 Bonus Gold Points at participating Radisson Collection, Radisson Blu®, Radisson, Radisson RED, Park Plaza, Park Inn® by Radisson, and Country Inn & Suites® by Radisson hotels worldwide…BMO stops allowing credit and debit cards for cryptocurrency purchases
– canadianbusiness.com
TORONTO _ The Bank of Montreal has stopped allowing customers to use its credit cards to buy cryptocurrency such as bitcoin.
The bank says it no longer allows retail consumers to buy cryptocurrencies using Mastercard-branded credit or debit cards.
The bank’s decision follows a move by TD Bank last month to stop allowing customers to use its credit cards to buy cryptocurrency.
TD said it made the decision to conduct a review and assessment of the evolving market.
The decisions follow moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies.
The value of bitcoin soared last year, trading for more than $20,000 per bitcoin, but has since come off its all-time highs and now trades for less than $11,000.
The post BMO stops allowing credit and debit cards for cryptocurrency purchases appeared first on Canadian Business – Your Source For Business News.
The bank says it no longer allows retail consumers to buy cryptocurrencies using Mastercard-branded credit or debit cards.
The bank’s decision follows a move by TD Bank last month to stop allowing customers to use its credit cards to buy cryptocurrency.
TD said it made the decision to conduct a review and assessment of the evolving market.
The decisions follow moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies.
The value of bitcoin soared last year, trading for more than $20,000 per bitcoin, but has since come off its all-time highs and now trades for less than $11,000.
The post BMO stops allowing credit and debit cards for cryptocurrency purchases appeared first on Canadian Business – Your Source For Business News.
Statistics Canada reports household debt to income ratio edges lower
– canadianbusiness.com
OTTAWA _ The ratio of Canadian household debt relative to income edged down slightly in the fourth quarter of last year, raising speculation that the growth in debt may have turned a corner.
Statistics Canada said Thursday household credit market debt as a proportion of household disposable income was 170.4 per cent in the fourth quarter.
In other words, there was $1.70 in credit market debt for every dollar of household disposable income.
That compared with 170.5 per cent in the previous quarter, which was revised down from an earlier reading of 171.1 per cent.
“While it’s too early to tell, we just might have seen the peak in the debt ratio in Q3, as Q1 will no doubt see a sizable decline due to seasonality,” said Benjamin Reitzes, Canadian rates and macro strategist at the Bank of Montreal.
Household debt is often cited as a key risk to the Canadian economy by the Bank of Canada and others.
The central bank, which has raised its benchmark interest three times since last summer, has said it is carefully monitoring the economy’s sensitivity to higher interest rates…
Statistics Canada said Thursday household credit market debt as a proportion of household disposable income was 170.4 per cent in the fourth quarter.
In other words, there was $1.70 in credit market debt for every dollar of household disposable income.
That compared with 170.5 per cent in the previous quarter, which was revised down from an earlier reading of 171.1 per cent.
“While it’s too early to tell, we just might have seen the peak in the debt ratio in Q3, as Q1 will no doubt see a sizable decline due to seasonality,” said Benjamin Reitzes, Canadian rates and macro strategist at the Bank of Montreal.
Household debt is often cited as a key risk to the Canadian economy by the Bank of Canada and others.
The central bank, which has raised its benchmark interest three times since last summer, has said it is carefully monitoring the economy’s sensitivity to higher interest rates…
Open a savings account for your toddler
– moneysense.ca
OTTAWA — Omar Abouzaher remembers going to the bank with his daughter so she could make her first deposit into an account that was opened for her when she was just a toddler.
The regional vice-president for the Bank of Montreal’s daughter was four when they took her piggy bank to deposit the coins.
“She’s a banker at heart,” he said.
While RESP accounts can help parents save for a child’s education, opening a savings account for a child can be the first step in teaching basic financial literacy, Abouzaher said.
“I believe sometimes we wait too long until the kids are a bit older and try to cram all this financial information and throw it at them,” he said.
Abouzaher recommends starting with teaching what it means to save and then build on that foundation.
“The older they grow, they’ll understand as well the other components or the other pieces that are maybe a little bit more complex when it comes to understanding debt, understanding what it takes to pay tuition, what it takes to manage your credit,” he said…
The regional vice-president for the Bank of Montreal’s daughter was four when they took her piggy bank to deposit the coins.
“She’s a banker at heart,” he said.
While RESP accounts can help parents save for a child’s education, opening a savings account for a child can be the first step in teaching basic financial literacy, Abouzaher said.
“I believe sometimes we wait too long until the kids are a bit older and try to cram all this financial information and throw it at them,” he said.
Abouzaher recommends starting with teaching what it means to save and then build on that foundation.
“The older they grow, they’ll understand as well the other components or the other pieces that are maybe a little bit more complex when it comes to understanding debt, understanding what it takes to pay tuition, what it takes to manage your credit,” he said…
