Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best GIC rates in Canada for 2024 + MORE Jun 10th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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How to Use Your Credit Card Rewards to Give Dad a Fantastic Father’s Day + MORE Jun 15th
Father’s Day is just around the corner on Sunday, June 21, 2020, to be exact. If it slipped your mind, don’t worry, you still have time to grab a gift and plan something special. Whether you are preparing to host a virtual brunch or a socially distanced backyard barbeque, you can celebrate dad .... More »
Find the best mortgage rates in Canada + MORE Oct 22nd
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
Cardi B. and Elon Musk Think We’re Headed for a Recession Jun 9th
Tesla CEO Elon Musk and rapper Cardi B. are sounding the alarm on the economy.
Last week, in an email to Tesla executives titled “pause all hiring worldwide,” Musk said he had a “super bad feeling” about the economy and told executives to cut 10 per cent of jobs at the company. (Sin.... More »
EQ Bank review 2021 Apr 30th
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial ins.... More »
To Spend or Not to Spend: What to Do with Your Travel Rewards Points Amid a Global Pandemic
– ratesupermarket.ca
Travel came to a screeching halt in the second week of March. Since then, travel programs and third-party providers have been working with members to reimburse rewards and cancel itineraries. Cardholders are without a choice but to postpone their upcoming vacations indefinitely. But that doesn’t leave them without options for their travel rewards balances.
Each loyalty program will offer a different selection of redemption options. Some travel rewards credit cards have very flexible catalogues. But, is it best to save your rewards balance or cash in your points?
Flexible Points Options
While travel is typically the best redemption value for your points, there are often alternative ways for you to spend your rewards. To calculate the redemption value of your different options, divide the monetary price by the point value. Doing the math can help you make an educated shopping decision.
For example, with Scotia Rewards points, the minimum redemption value for travel is 5,000 (a $50 value)…
