Secured loans vs. unsecured personal loans: Which should Canadians get? + MORE Dec 11th

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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Secured loans vs. unsecured personal loans: Which should Canadians get?If you want to borrow money, you have several options in Canada, including a secured or unsecured loan. These loan types have several things in common. Off the top: Financial institutions will lend money for a certain period of time (a.k.a. a term), both types require a credit check and both charge interest. 

When comparing secured loans versus unsecured personal loans, look at each loan’s pros, cons, risks and benefits. You’ll also want to look at how your financial needs, your situation and your personal goals can come into play. Understanding the differences between these two loan types is key, because you can make the best financial decision before you borrow money.

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What is a secured loan?

A secured loan is one that is backed by collateral using your assets…

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For many people the National Bank of Canada World Elite Mastercard is one of the best when it comes to insurance coverage and is often lauded as the best in Canada.  There are however some limitations one needs to be aware of that can restrict the coverage provided on this card and others issued by […]
The post Loyalty Lesson: Be aware of limitations to National Bank of Canada’s Out of Province Emergency Medical coverage for additional cardholders appeared first on Rewards Canada.

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Get 8,000 Bonus Mileage Bank miles on Japan Airlines upgrade awards out of Vancouver and New Amex Offers for Canada Goose as well as eats & drinks on Amex Marriott Bonvoy Cards. Check out today’s points & miles updates here:
The post RWRDS Daily Update Dec 11: Receive 8,000 Bonus Mileage Bank miles on Japan Airlines upgrade awards out of Vancouver appeared first on Rewards Canada.

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