New year, new spending habits + MORE Dec 1st

Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. New Amex Offer for Business Edge Cardmembers A new Amex Offer is out today that appears to be only available on the American Express Business Edge™ Card: Spend at least $3,000 in qualifying purchases […]
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Since our last update on RBC Offers we’ve seen eight new statement credit or discount promotions added! As we have said before, the program continues to grow and they keep adding more relevant offers, in that we mean merchants that appeal to a broader range of Canadians. Recommended reading: Why you shouldn’t ignore Amex and […]
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Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.

Money mistake #1: Not paying off debt quickly

If you’re in the red, you’re not alone. In 2022, Canada’s mortgage load experienced the biggest year-to-year jump in more than a decade, and everyone is feeling the pinch as inflation raises the price of everything from groceries to holiday gifts. Budgets are tight, which makes paying off bills trickier.

Not all debt is created equal. Some debts, like a low-interest line of credit or a student loan with an interest-free grace period, might not be as pressing as those with higher interest rates. Overall, though, debt reduction is always a good strategy. That’s because, of course, over time the interest owing on a loan will really add up. In fact, an estimated 41% of Canadians carry a growing credit card balance every month…