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Canada’s best low interest credit cards 2021 + MORE Dec 31st
If you know you’ll likely be carrying some debt on your credit card from month to month—or are simply trying to pay off a balance—then a low-interest credit card might be a good choice for you. After all, why lock yourself into the typical 19.99% credit card interest rate when you have the opt.... More »
American Express Cobalt Card earn rate for travel purchases will drop to 1 point per dollar spent + MORE Jun 26th
Some unfortunate news out of American Express today, the much beloved American Express Cobalt Card will see its 2x points earn rate on travel be cut to 1x points as of October 8, 2024. It will however retain 2x points earning on gas, transit, taxi, ride sharing etc. plus its coveted 5x points on eat.... More »
January 21 Update: CIBC Aventura Visa Infinite Privilege Card added to comparison charts, discount offer for No1 Lounges, new welcome offers for Amex AIR MILES cards Jan 22nd
We have added the CIBC Aventura Visa Infinite Privilege Card to our credit card comparison charts. You'll find them on the following charts:Canadian Travel Credit Card Comparison: All Travel Rewards Credit CardsCanadian Travel Credit Card Comparison: Travel Points Credit Cards If you are flyin.... More »
American Express + Air Canada team up to offer bonus points and 15% off flights + MORE May 4th
Just like the CIBC offer that came out last week there is now an offer for American Express Reserve Aeroplan cardmembers to earn bonus points for purchasing Air Canada flights. On top of this there is also a 15% off promo code being sent out to most if not all American Express cardmembers. The 10x [.... More »
Big Changes to the MBNA Rewards World Elite Mastercard - now earns 5 points per dollar in select categories + 10% annual bonus points + MORE Jun 25th
File this one into the category of "nobody saw this one coming"- well until we were notified about two weeks ago and then when the details were leaked onto Red Flag Deals a few days ago. The next bank to be making some major changes this week is TD's subsidiary MBNA. Today they are officially .... More »
Should I Finance my New Car Through the Dealer?
– ratesupermarket.ca
When you’re in the market for a new car, you might not have cash to pay upfront. If you’re like most Canadians, you accept financing from the dealership. But is this the best option? As it turns out, a bank or online loan provider might give you better rates — saving you money down the road.
Canadian Preference for Dealer Financing
Global News reported in May that two-thirds of Canadians applied for financing at the dealership when they bought a new or used car. That’s a high number, especially when you also consider 70 percent of car buyers only look at options from one lender before agreeing to a loan.
Why are so many willing to get financing from the dealership? Promotions and discounts — like those “zero percent” rates one so often hears about. But those good deals often come with a catch. Zero percent interest might only be available to those with excellent credit. Sometimes, the financing comes with a condition that you pay off the car with one lump sum payment after a certain period of time…
