The “Big Five” Canadian banks 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). Are there other viable options?
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What can I hold in an FHSA? Jan 9th
Would Canadians have access to different account types such as GICs and self-directed investing when it comes to the new tax-free first home savings account, which is rumoured to be introduced this year?It seems this would only make sense as it’s the case with other tax-sheltered accounts (i.e.... More »
The 7 best credit cards for newcomers to Canada for 2023 + MORE Aug 12th
Credit Cards
The 7 best credit cards for newcomers to Canada for 2023
As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
.... More »
RateSupermarket.ca Will Become RATESDOTCA Sep 30th
We are excited to announce that RateSupermarket.ca will become RATESDOTCA. Don’t worry, besides a name change, how you compare the best credit cards and mortgage rates will remain the same.
What does this mean for you?
Our name is changing, but rest assured, everything else will remain the same.
.... More »
The best GIC rates in Canada for 2024 Dec 30th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Switching to a better bank account Dec 16th
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles.
But what if you’re looking for a bank acc.... More »
How to Make the Most of RBC Rewards
– canadianfinanceblog.com
Canadians love earning credit card rewards, so it’s no surprise that some of the largest programs out there today are run by Canada’s big 6 banks. In recent months, I’ve reviewed the rewards programs offered by both Scotiabank and BMO. Today it’s RBCs turn. In this article, I’ll cover everything you need to know about RBC Rewards and the Avion program. I’ll also show you how to get the most out of your rewards points.
How to Earn RBC Rewards Points
Since this is a credit card rewards program, you’ll need to use one of 6 personal RBC credit cards to earn points. They also have a couple of business credit cards included in the rewards program. Here are the three most popular cards, at a glance:
RBC Rewards+ Visa: No Annual Fee, $1=1 point on gas, grocery and drugstore purchases.
Signature RBC Rewards Visa: $39 annual fee, $1=1 point on all purchases.
RBC Avion Visa Infinite (Best Pick): $120 annual fee, $1=1 point on all purchases, +25% on eligible travel spending. In addition, RBC Avion Rewards are worth more when redeemed for travel, which is a major distinguishing feature of this card, and something I’ll get into in more detail further down…
How to Earn RBC Rewards Points
Since this is a credit card rewards program, you’ll need to use one of 6 personal RBC credit cards to earn points. They also have a couple of business credit cards included in the rewards program. Here are the three most popular cards, at a glance:
RBC Rewards+ Visa: No Annual Fee, $1=1 point on gas, grocery and drugstore purchases.
Signature RBC Rewards Visa: $39 annual fee, $1=1 point on all purchases.
RBC Avion Visa Infinite (Best Pick): $120 annual fee, $1=1 point on all purchases, +25% on eligible travel spending. In addition, RBC Avion Rewards are worth more when redeemed for travel, which is a major distinguishing feature of this card, and something I’ll get into in more detail further down…
