Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Is Your Credit Score Mortgage Ready? + MORE Jun 5th
May and June are the busiest months for real estate in Canada – and that means home buyers are currently out in full force. It also means many prospective buyers are visiting their lenders, and asking for mortgage financing for their new dream home purchase. However, a new BMO study finds the.... More »
Business New Year’s Resolutions: Unlock bold new sources of capital Dec 29th
(Illustration by Katie Carey)
This article is part of our series on New Year’s Resolutions for Small Business. Read them all here.
Securing capital from traditional sources such as banks can be tricky for small businesses, especially if a company doesn’t have a long earnings history or sufficie.... More »
Canadian banks’ mortgage-rate increases could trigger rise in qualifying rate, analysts say May 8th
The central bank’s conventional mortgage five-year rate, which is updated weekly, was 5.14 per cent as of May 2..... More »
Review: Tangerine Money-Back Credit Card + MORE Sep 17th
Looking to earn cash back on your daily expenditures? Don’t want to pay an annual fee? Enter the Tangerine Money-Back Credit Card, which was introduced in early 2016 following a successful trial run involving 32,000 existing Tangerine clients. The card, which brings a new level of choice to c.... More »
Bank of Canada Keeps Rate Steady at 1.25%… But Increase is Imminent + MORE Apr 18th
As widely expected, the Bank of Canada decided to keep its key interest rate at 1.25 per cent. This is the second announcement in a row where interest rates have been kept steady this year, after Bank of Canada Governor Stephen Poloz kicked off 2018 with a quarter-point hike.
New forecasts from the.... More »
Cardholders Increasingly Frustrated By Aeroplan Rewards Shortage
– ratesupermarket.ca
A travel rewards credit card seems like a no-brainer. If you’re going to pay for things with credit anyway, why not build up points towards free travel? But as one of the country’s most-popular rewards programs, Aeroplan, surpasses 5 million cardholders, users are starting to feel some growing pains when they try to cash in their points for tickets.
A Rewarding Experience?
About 10 years ago, my wife and I – newlyweds at the time and without children – took a leave of absence from our jobs and travelled through Southeast Asia for three months. It was a fantastic, life-changing experience. But, in all honestly, one of the highlights was the flight there and back. Why?
Well, at the time, my wife was travelling a lot for work and charging everything to her personal credit card, so she’d racked up enough points for us to get two business class tickets to Thailand. (Flying business class on Singapore Airlines is something that should be on everyone’s bucket list!)
But since that time, whenever we tried to book holidays using our Aeroplan points we became increasingly frustrated…
