How to go about securing the best rate and plan for your credit card in Canada.
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August 11 Update: Scotia introduces flexible payment plans for their Visa cards, Air Canada adding Vancouver-Orange County flights & your weekly drug store bonuses + MORE Aug 12th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Scotiabank has followed in the footsteps of other card issuers in Canada like American Express and CIBC by now offering an optional flex.... More »
Podcast Episode 99: Loyalty Lesson – Credit Card Spending Caps Explained Dec 20th
In this episode we provide our first Loyalty Lesson podcast. If you read the Rewards Canada site regularly you may have already seen this feature but just in case you haven’t, the Loyalty Lesson is Credit Card Spending Caps explained! We look at how credit card issuers place caps on the acc.... More »
“I’m interested in visiting Europe”: How this student can build a credit score while earning valuable travel rewards Sep 18th
Aya Kinsey, 18
Occupation: University studentAnnual income: Not yet known (likely some freelance income)Financial goals: Build a credit score and travel
In September, Aya Kinsey entered her first year of studies at Western University in London, Ont., where she is studying economics. She’s livi.... More »
AIR MILES Bonus Boom is now live - earn bonus miles with participating partners + 95 bonus miles with three different Bonus Boom offers + MORE Jun 18th
The latest AIR MILES Bonus Boom event kicked off today with your usual bunch of bonus miles offers for shopping or completing actions with various AIR MILES partners. Most of the bonuses are available between today and June 30 and once again if you use three different Bonus Boom offers you'll get.... More »
Aeroplan Availability Alert: Lie flat business class between Vancouver & Halifax for this summer + MORE Jul 4th
Air Canada has upgraded one of their two daily flights between Vancouver and Halifax to an internationally configured Boeing 787-9 aircraft with lie flat business class seats. With the addition of this widebody aircraft has come a lot of Aeroplan award availability! There are days we see 2, 4 or eve.... More »
Mylo Review
– canadianfinanceblog.com
It’s very possible that when it comes to reaching your savings goals, nothing is more important than automation. Most people, no matter how hard they try, cannot save consistently if doing so requires a manual process. Mylo is a revolutionary app, the first of its kind in Canada, that not only automates your savings, it does so in such a way that you’ll hardly even notice.Similar to Acorns in the U.S., Mylo links to your primary debit and/or credit card, and rounds up all of your purchases to the nearest dollar. It then withdraws the ‘spare change’, and invests it inside a low-cost ETF portfolio that you set up when you open the account.
What makes Mylo especially unique, is that it’s designed with your specific savings goals in mind. As I’ll explain in more detail later, Mylo wants to know what you’re saving for, and they’ll help you create a plan to make it happen. I found the concept so unique, that I thought I’d test it out myself by opening my own account.
Setting Up Your Mylo Account
As soon as you download the Mylo App, you’re ready to open your account…
