Canada’s best credit cards for travel insurance 2022 + MORE May 18th

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Now live: Aeroplan partnership with Parkland Fuels JOURNIE Rewards + MORE Nov 15th

The long awaited partnership between Air Canada’s Aeroplan and Parkland Fuel’s JOURNIE Rewards is here! As of today, Aeroplan members can earn and redeem points at over 1,100 Ultramar, Chevron, Pioneer, Fas Gas, ON the RUN and Marché Express locations Canada-wide. Earning and redeeming .... More »
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RWRDS Daily Update – July 17, 2023 + MORE Jul 17th

Marriott & MGM partner to create “MGM Collection With Marriott Bonvoy”, Amex Offers statement credit Shangri-La Hotel stays in Canada, & 2x Elite Status Points on JAL flights out of Vancouver. Check out today's points & miles updates here: The post RWRDS Daily Update – July 17,.... More »

.NET Aspire - Preview 2: Improvements for Dashboard, Hosting, Components, Dapr, and More - InfoQ.com + MORE Dec 26th

.NET Aspire - Preview 2: Improvements for Dashboard, Hosting, Components, Dapr, and More  InfoQ.com.... More »

Aeroplan: Receive up to 10,000 points back on HotelSavers bookings Oct 16th

Air Canada’s Aeroplan is out with another promotion for booking hotel stays with their HotelSavers program. Members can receive up to a 10,000 Aeroplan points rebate when registering for this offer and redeeming for stays at their HotelSavers hotels. HotelSavers are available at over 7,000 of .... More »

What Is the Climate Action Incentive Payment? Dec 26th

Most Canadians are familiar with longstanding tax credits, such as the GST/HST credit and the Canada Child Benefit (CCB). But there’s another family credit you may be eligible for, and it’s paid in quarterly installments. It’s called the Climate Action Incentive (CAIP), and it̵.... More »
My daughter is 60, divorced, owns a house, perhaps $800,000 house value. She has a small mortgage and no savings of any kind. She lives on a line of credit and a credit card. Her only income is about $300 to $400 monthly CPP.

She is wondering how best to manage. Should she sell now and rent for a short term? 

She is worried about investing since CDIC guarantees only up to $100,000. 

The next five years will be rough until OAS & GIS kick in. Even then, she will be short of money. I have funds but may need that to cover possible care for myself so I cannot help her now. But if I don’t need that money, she will inherit and should be okay in her later years.

—Sandy

(Letter was edited for length.)

Loaning money to family

I’m sorry to hear you have been stressing about your daughter’s financial situation, Joan. I guess you always worry about your kids, even when they are 60! I do think there are several potential solutions to her problem.

I assume she has already explored increasing her line of credit, otherwise she would not be using her credit cards…

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Koho prepaid switches to Mastercard from Visa and JetBlue nixes Vancouver to Boston prior to next month's launchHere’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  Koho which provides prepaid credit cards has switched to issuing Mastercard cards as of this week instead of Visa cards. This means you’ll be able use it at places such as Costco. New users who signup for a KOHO account will be receiving a Mastercard from this point forward. Existing KOHO users will have the option to switch their existing card to a Mastercard before October 2022. A new KOHO Physical Mastercard will be sent to the user within 10 business days once they receive the requests. Users will still be able to utilize all of the same features available in the KOHO mobile app. Click here to learn more about Koho.—  It appears that JetBlue will not be going ahead with their Vancouver to Boston route that was set to start next month…

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Earn 3x Points when you convert Coast Hotels Coast Rewards points to AeroplanCoast Hotels Coast Rewards is once again offering a bonus when converting points to Aeroplan. Thanks to David D.  for alerting us to this latest version of the offer that runs until May 30. Coast Rewards members can convert points between now and the 30th and receive 3x the Aeroplan points. Offer details:3x Aeroplan Points when you convert Coast Hotels Coast Rewards points to Air Canada Aeroplan points. Valid until May 30, 22. Log in to your Coast Rewards account for more detailsHere are some more Aeroplan offers to check out:100% bonus Aeroplan SQM, SQS, and SQD on Air Canada-operated flights to Europe in Economy Standard fare or higher when members book with cash. Valid for flights until Sep 30, 22. Click here for more details Earn up to 105,000 Aeroplan points† with the TD® Aeroplan® Visa Infinite Privilege* Card. Conditions Apply. Must apply online by May 29, 2022.Receive up to a 85% bonus when buy or gift Aeroplan points online. Valid until May 20, 22 Buy points here…

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Canada’s best credit cards for travel insurance 2022If you’re planning to travel this summer, you’ll need travel insurance if you plan to go out of province. These days, many of the credit cards available include some kind of travel insurance. While that’s a great selling feature for these cards, savvy Canadians know that not all insurance is created equal. There are a few kinds of coverage you actually need when travelling, like emergency medical and trip cancellation or interruption. Theft or baggage loss protection is a useful bonus, too. As to which travel credit card offers the right combination of features for you, that will depend largely on the type of traveller you are and the perks you’re most likely to use. For instance, if you’re a frequent flyer, you might want a card that offers an extensive travel insurance package, plus a great points system or lounge access. If you’re into road trips, a card with travel insurance and roadside assistance might be more your speed. We’ve rounded up the cards that offer great travel insurance for any type of globe trotter…

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