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?
Latest News
Scotiabank Gold American Express Card: 25 new confirmed multiplier locations from around the world Jun 22nd
Here’s our next update to our new Scotiabank Gold American Express Card Confirmed Multiplier Locations list with 25 new locations being added today from Canada, the U.S., Japan, Turkey & more! There’s nothing like being able to earn up to 5x points AND pay No FX Fees outside of Canada! .... More »
New to Canada? Here’s how the Scotiabank newcomer offer can help Dec 17th
Newcomers to Canada typically have a hard time applying for credit cards or financial products simply because they have no Canadian credit history. Fortunately, Scotiabank’s StartRight® Program offers newcomers the ability to apply for credit and start building their credit history in Canada.
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RWRDS Daily Update – July 4, 2024: Inn at Laurel Point in Victoria joins Stash Hotel Rewards + a new Amex Centurion Lounge in Tokyo + MORE Jul 5th
Inn at Laurel Point in Victoria joins Stash Hotel Rewards, load your weekly shopping offers and American Express Centurion Lounge to open at Tokyo Haneda. Check out today's points & miles updates here:
The post RWRDS Daily Update – July 4, 2024: Inn at Laurel Point in Victoria joins Stash Hot.... More »
Feds to review whether credit unions can use banking terms following outcry + MORE Aug 12th
Ottawa says it is reviewing whether credit unions should be allowed to use the terms "banks," "banker" and "banking" after the federal regulator that oversees financial institutions ordered them not to..... More »
Bank of Canada rate cut unlikely to lower mortgage, loan rates much + MORE Jul 17th
Canadians looking for a break on their mortgage or credit loans may be disappointed that none of Canada's major banks are passing along the full savings. Still, this may be a good thing for Canada's overheated housing market, some say..... More »
10 times NOT to use credit cards
– creditcards.com
Credit cards are convenient, but if you want your sanity and pocketbook to survive intact, give the poor things a rest sometimes
How unpaid medical debts affect credit scores
– creditcards.com
Ignore unpaid medical bills at your own peril: You may have healed, but your credit score may stay sick for a long time
Low-risk investment ideas for retirees
– moneysense.ca
(Image courtesy of creativedoxfoto / FreeDigitalPhotos.net)Q: I have $100,000 invested in low-rate GICs in my RRSP. I’m a 63-year-old retiree and don’t need this money for five more years. Are there any other ‘secure’ investments or ones with very minimal risks that will give me a better return? I have $200,000 in registered mutual funds, and want to keep a balanced portfolio.
—John Tobias, Russell, Ont.
A: Interest rates have been in this insanely low Twilight Zone for a few years now. Homeowners are demonstrating their love of low rates by taking on huge mortgages and lines of credit. But retirees like you have very few places to find yield. Exchange-traded funds (ETFs) that focus on corporate bonds or that hold dividend stocks might do a bit better. But higher returns mean higher risk and you might not be willing to make that trade-off for a few grand more a year. My advice would be to step back and look at your overall retirement plan, including CPP, any other pension income you have and your home…
