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Top 5 Credit Card Sign Up offers for April - These cards provide some of the best value out of their welcome bonuses + MORE Apr 7th
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of April 2020! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (welcome/sign up) offers. As always when choosing a card you s.... More »
HSBC makes applying for their credit cards and bank accounts easier with HSBC EasyID + MORE May 11th
When HSBC ran their amazing offer to earn 100,000 bonus points for their HSBC World Elite Mastercard in late 2020 there was one issue that some of our readers brought to our attention several times. That issue was that HSBC wanted some applicants to confirm and complete their applications in branch..... More »
The welcome bonus for the Scotiabank Passport Visa Infinite Card sees a 10,000 point boost to 30,000 points + MORE Mar 1st
Next up in Scotia's updates for today is a new increased welcome bonus offer for the Scotiabank Passport Visa Infinite Card. This new offer sees the welcome bonus boosted by 10,000 points. You will now earn 30,000 bonus Scotia Rewards points when you spend $1,000 on the card in the first three month.... More »
Trump wants to cap credit card interest at 10%. Is that a good idea? - CBC + MORE Jan 27th
Trump wants to cap credit card interest at 10%. Is that a good idea? CBCWhy Trump’s Credit-Card Crackdown Will Backfire The Free PressWhat a Credit-Card Interest Rate Cap Would Mean for Consumers BloombergShould Canada cap credit card interest rates? One expert war.... More »
AIR MILES Massive Giveaway - win up to 100,000 miles to shop the AIR MILES Merchandise Rewards Catalogue + MORE Jan 15th
AIR MILES launched a new contest today where you can win up to 100,000 Reward Miles to use towards any items in their Merchandise Rewards Catalogue. For every AIR MILES Reward Miles base mile you earn between today and the contest end date of February 3 you'll earn one entry into the giv.... More »
Case Study: Should These Boomers Get a Reverse Mortgage?
– ratesupermarket.ca
Although he always thought his parents were doing ok in retirement, a friend of mine just got a big shock: His folks – now both in their mid-70s – seem to be running short of money.
They’re not visiting the food bank or taking in boarders, but rising costs and fairly modest pensions are starting to squeeze them in ways they never expected. They do, however, own a modest home worth about $290,000.
So, here’s the dilemma: should they sell and invest the proceeds in GICs or even an annuity, or pull some cash out of the house more gradually by taking out a reverse mortgage?
Would a Reverse Mortgage Make Sense?
Although it’s not an ideal solution given the costs, tapping their home’s value through HomEquity Bank’s CHIP program could make sense for this couple. Selling the home and moving elsewhere isn’t really an alternative. Nor is taking out a home equity line of credit since this requires monthly payments — something these folks want to avoid.
With a reverse mortgage loan collection is based on the home value, not on the borrower’s ability to repay…
Nov 25 Update: Earn & Redeem Scene Points at Sport Chek, 500 Bonus Points on Best Western stays, Air Canada Gift Card promo
– RewardsCanada.ca
Cineplex shows us their first steps in becoming a coalition type programs and Best Western’s next systemwide promo is here. News, Tips & Tricks Back in September when we released our Top 5 Travel Rewards Currencies we told you that one program to watch out for was Cineplex’s Scene program. We told you this because it was set to grow beyond earning points primarily at movies and via Scotiabank. Now we know of one of the first forays of Scene building into a coalition type program as they have added Sport Chek to their roster for points earning and redemption. Sport Chek used to be an Air Miles partner not too long ago and it looks like they may have missed being part of the loyalty world so it is nice to see them join up with Scene. You’ll earn 1 scene point for every $1 spent at Sport Chek and be able redeem 1,000 points for a $10 savings which is your typical 1% return if you don’t include any bonuses. Find out more here. It looks like Toronto will once again have direct service to Russia after losing Aeroflot…Strategies for unlocking airline award seats
– creditcards.com
Airline frequent flier programs make it easier to earn miles than to redeem them for tickets. Having the right credit card might just open up a few more seats that can be purchased using points
