How to lower your credit card interest rate + MORE May 3rd

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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How Long Does an e-Transfer Take? + MORE Nov 4th

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Earn up to 10x Aeroplan points with the eStore’s Amazon Prime Big Deals Days promotion + MORE Oct 8th

Amazon Prime Big Deal Days is here and to mark the big sale, Aeroplan members can earn up to 10x points when shopping with the online behemoth via the Aeroplan eStore. The up to 10x points promotion is available until October 10, 2025 and awards points as follows:     Click here to learn m.... More »

Scientists baffled by unknown space object that emits X-ray and radio waves every 44 minutes - The Indian Express + MORE May 31st

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The best GIC rates in Canada for 2025 Dec 1st

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 navigate m.... More »
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RWRDS Daily Update – December 22 + MORE Dec 22nd

Earn 10% bonus EVA Air miles with your online shopping and Eleven more confirmed Cobalt Multipliers. Check out today's points and miles updates here: The post RWRDS Daily Update – December 22 appeared first on Rewards Canada..... More »
How to lower your credit card interest rateWhile you should strive to pay your credit card bill in full every time, let’s face it: sometimes life gets in the way. An emergency, an unexpected expense or even lingering holiday debt can throw your best credit card practices into disarray and leave you carrying a balance.

Typical credit cards charge an annual interest rate (AIR) of 19.99% or higher, which is a steep price to pay for a balance carried on a card. And compound interest—interest charged on your interest—can have a snowball effect on your outstanding debt. Here’s how to avoid high interest charges on your credit cards. 

Credit card interest: What’s the big deal?

If you never miss a payment or carry a balance on your credit card, the card’s interest rate won’t affect you. But if you occasionally need extra time to pay down your debt, the interest rate on your credit card is a big—and compounding—deal.

To better understand compound interest, let’s look at a simple example. Imagine you owe $10 and your interest rate is 20% per month…

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A trio of new Amex Offers released today from Wayfair, Hello Fresh and Canlan SportsThree new Amex Offers were revealed today  for using your American Express card at Hello Fresh, Wayfair and Canlan Sports. Personally I received both the Hello Fresh and Canlan offers on my Platinum Card and received the Wayfair offer on my Cobalt Card. Here are the offers:Hello FreshSpend at least $70 in qualifying meal kit subscription purchases using your registered Card at www.hellofresh.ca/amex7 by 02/08/2022 and earn a one-time $20 statement credit. Registration cap applies. Terms apply. You can cancel your subscription at any time. Wayfair:Spend at least $75 in qualifying purchases using your registered Card at www.wayfair.ca/amex by 30/06/2022 and earn a one-time $15 statement credit. Registration cap applies. Terms apply.Canlan Sports:Spend at least $300 in qualifying purchases using your registered Card at participating Canlan Sports™ location(s) or at www.canlansports.com by 30/09/2022 and earn a one-time $75 statement credit. Registration cap applies. Terms apply.Simply log in to your Amex account or go onto the Amex app to see if these offers have been sent to you and to register for them…

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New Visa Infinite Privilege dining & stay offers, Air Canada increases some checked baggage fees on Aeroplan & paid tickets and Aeroplan extends generous flight reward change policyHere’s your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today’s update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposits± Click here to learn more about this offer  A new batch of Visa Infinite Privilege dining and stay offers were released this month. This time the new dining offers are in Halifax, Calgary Toronto an more. Here are just some of the new offers available exclusively to these Ultra Premium credit cards:  Bar Sofia, Halifax Thursday Jun 9, 6:30 p.m. $200 per person† In-Person Dinner (Includes food, wine, cocktail, and gratuity; taxes extra.)Stay 3 nights or more at The Towers at Lotte New York Palace and enjoy every 3rd night free.Calcutta Cricket Club, Calgary Tuesday Jun 14 Wednesday Jun 15 Thursday Jun 16 $55 per person† Prix Fixe Menu (Includes menu as noted, gratuity & ticketing fees; taxes extra…

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