All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
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 »
Limited time offer: Earn up to 3 Aeroplan Points per dollar spent on Air Canada Gift Cards + MORE Feb 8th
Air Canada has brought back a limited time offer where you can earn extra Aeroplan points for buying Air Canada gift cards. The offer is available until February 14, 2024 and will award 1 point/$ spent on gift cards up to $2000 and 3 points/$ if you spend over $2000. Do note these don’t code [R.... More »
Limited time offer: Earn up to 3 Aeroplan Points per dollar spent on Air Canada Gift Cards + MORE Feb 4th
Air Canada has brought back a limited time offer where you can earn extra Aeroplan points for buying Air Canada gift cards. The offer is available until February 14th and will award 1 point/$ spent on gift cards up to $750 and 3 points/$ if you spend over $750. Do note these don't code as Air .... More »
Debt-free seniors may have a new credit problem: They're 'unscorable' + MORE Dec 22nd
Congratulations! You've paid off your mortgage and all other debt. But you may have lost something else in the process: your credit score.... More »
Can you unlock a LIRA early? + MORE Dec 21st
Q: I have a LIRA from my employment some years ago in the amount of $250,000.
I live in Alberta.
Due to downsizing last year, I was laid off. I am now employed but incurred considerable credit card debt and family owed debt while unemployed and would like to gain access to the money. I am 52 years .... More »
Why I’m not opening a joint bank account with my husband-to-be
– moneysense.ca
Every week, I get dozens of press releases from media professionals across the country looking to have their story featured on MoneySense.ca. Some are about new products, others are about upcoming events but the vast majority are findings from some survey or other. I pay most attention to the ones that cast the spotlight on some piece of information that you, dear reader, may find helpful on your personal journey to financial independence. This week however a press release on the topic of love and money caught my eye and entirely for selfish reasons: I’m getting hitched in 6 weeks.TD Canada Trust surveyed adults in committed relationships and found 79% of Canadian couples have joint finances; no surprise there. But here’s where it gets interesting, well for me anyway. The top three personal finance products that Canadians combine with their partner are a joint bank account (64%), a mortgage (60%) and a joint credit card (50%), the bank found. Looks like my husband-to-be and I are taking the road less travelled…
How To Live On A Cash Diet
– ratesupermarket.ca
Unlike a lot of my friends, I didn’t get a credit card until I was much older and for this I count myself lucky. I watched as many of them racked up debt they couldn’t afford and spent more than they earned. When I did finally get my first credit card it was like a whole new world of opportunity opened up to me. I could shop online, book trips over the phone and pay for a night’s stay in a hotel – all things I had to borrow a card to do in the past.
But things soon got out of control. Although I started with just one card, I somehow ended up with four. I’d alternate spending, which actually made things worse. Come the end of the month, I’d look over what I’d spent and wonder how on earth I was going to pay it. It was then that I decided to put an end to my plastic spending.
Wondering how to live on a cash diet? Here are a few ways to get started.
What Is A Cash Diet?
For simplicity’s sake, let’s say that a cash diet is spending only what you have. Cash diets certainly aren’t for everyone, but there’s no doubt that they work…
