All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Receive up to a $250 Mastercard Gift Card for a two night stay in Vancouver + MORE Mar 4th
StayVancouver Hotels has brought back their popular gift card offer where you can receive up to a $250 Mastercard Gift Card. Just like several of the past offers this one requires a 2 night stay and is available at 40+ hotels in the downtown Vancouver area but this time there is a big, negative chan.... More »
The Best Cash Back Credit Card Welcome Bonus Offers for September 2025 + MORE Sep 10th
Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of September. This is not a ‘best’ credit card list like our Top Cash Back Credit Card rankings but instead look at cards that have the best cash back welcome bonus sign up offers. This list includes cards that .... More »
The best student credit cards in Canada for 2024 + MORE Aug 31st
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
MoneySense has a new look + MORE Apr 25th
We have exciting news: MoneySense has made some upgrades. The core of what we do will stay the same—we’ll continue to bring you high-quality content from the best financial experts in Canada—but we have a fresh new look.
Why are we changing?
We want you to have the best possible expe.... More »
How much debt is normal in Canada? We break it down by age + MORE Jun 22nd
Debt seems to be a normal thing for Canadians these days. After a brief decline during the pandemic, the Canadian household debt-to-income ratio soared to 184.5% in the first quarter of 2023. That means Canadians owe nearly $1.85 for every dollar of disposable income.
The ballooning debt has been.... More »
Should you borrow to invest with the Smith Manoeuvre?
– moneysense.ca
Do you know of any Smith Manoeuvre calculators? The more variables I add, like inflation, ROI, different interest rates for principal, HELOC vs. variable-rate mortgage, the more my head spins. –Warren
I am not familiar with any Smith Manoeuvre calculators, Warren, but I can try to simplify the math a bit. First, what is the Smith Manoeuvre? It was developed by Fraser Smith in the 1980s as a method to make mortgage interest tax-deductible while building investment assets.
Lenders will typically allow you to have a home equity line of credit (HELOC) for up to 80% of the value of your home minus your mortgage balance. (If you are refinancing, your HELOC may be limited to 65% of the home’s value.)
As an example, say you have a $750,000 home and a $600,000 mortgage with an interest rate of 4%. Your HELOC would be $600,000 less your mortgage. As you pay down your mortgage, the equivalent amount of room is added to your HELOC limit. Assuming a 25-year amortization, the first monthly payment for your mortgage pays down $1,173 of principal…
20,000 points + first year free on National Bank cards extended, Tangerine extends 10% cash back offers & earn Aeroplan points for online LCBO purchases
– RewardsCanada.ca
Here’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 National Bank of Canada has extended the current increased welcome bonus offers on their World Elite, World and Platinum Mastercards. All three card’s 20,000 bonus points plus first year free offer are now available until August 31. 2022. Click here to learn more about these offers. —Tangerine has also extended the welcome bonus offers on their Tangerine Money-Back Credit Card and Tangerine World Mastercard. Both cards are offering an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months. The offers are now available until July 31, 22. Click here to learn more about these offers.— One bit of news from last week that we are catching up on is that you can now earn Aeroplan points for LCBO online and app purchases…Top 5 Small Business Credit Card Sign Up offers for June – These cards provide the best value out of their welcome bonuses
– RewardsCanada.ca
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As always when choosing a card you should always take other factors into account other than the just sign up bonus, but when some of these cards are first year free, they can and do pay off even when you grab them strictly for the sign up rewards. This month we see three first year free cards on the list! And remember this list is based on minimum value towards travel which we calculate as the minimum value of the welcome bonus less the annual fee. It is entirely possible to receive more value out of the welcome bonuses on all of these cards since they earn Aeroplan points - which can provide some huge outsized value rewards!Here are our top 5 small business credit card sign up offers for June:CIBC® Aeroplan® Visa* Business CardMinimum value: $1,200CIBC’s equivalent of the above TD card has a new offer this month that provides up to 60,000 Aeroplan points, a Buddy Pass and an annual fee rebate…
