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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October 30 Update: Amex introduces online insurance claim submissions, 250 points for joining SCENE, WestJet adds St. John's-Ft. Lauderdale flight + MORE Oct 31st
American Express has taken a great step for their cards that offer insurance benefits! Now you can submit claims for some of the most commonly used coverages online. The first three insurance claims you can submit online are Buyers Assurance (the extension of manufacturer's warranty), Purchase P.... More »
motusbank Review: A New Option in Online Banking Aug 5th
In recent years, names like Tangerine, Simplii, and EQ Bank have become synonymous with digital banking in Canada. Pretty soon, it looks as though another name may be added to the list. Launched in April 2019, it hasn’t taken very long for motusbank to make its mark in the world of online banking..... More »
The Best Cash Back Credit Card Welcome Bonus Offers for April 2025 + MORE Apr 3rd
Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of April. This is not a ‘best’ credit card list like our Top Cash Back Credit Card rankings but instead look at cards that have very good cash back welcome bonus sign up offers. This list includes cards that [&#.... More »
Carrying a balance? The American Express AIR MILES cards are offering 0% balance transfer for 6 months for new customers + MORE Jan 13th
A huge no-no for those of you holding travel rewards credit cards is to be carrying a balance for longer than a few months. The interest will kill you and any rewards you can get from these cards. As we mentioned in our post The upcoming year in travel rewards for Canadians: current state and predic.... More »
Small businesses cheer on Walmart in battle with Visa, hoping for lower fees + MORE Jun 17th
Many small businesses are cheering on Walmart for taking on Visa in a public battle over credit card fees. Smaller merchants feel gouged by transaction fees and hope the public dispute will lead to change..... More »
Are you owed a slice of the $5B unclaimed assets pie?
– moneysense.ca
Canadians are leaving as much as $5 billion worth of unclaimed assets on the table and without proper processes in place in Ontario, that money is likely sit for some time more.
“I call it Canada’s under-the-radar economic action plan in waiting, and it wouldn’t cost as much as building infrastructure,” Brenda Potter Phelan, president and CEO of LegacyTracker, a web-based personal finance tracking tool, recently told CBC News.
Only British Columbia, Alberta, and Quebec have legislation and databases in place to help individuals search for their unclaimed credit union account balances, trust funds and unpaid wages. Efforts to bring similar procedures to Ontario have faced resistance from the financial sector, according to the broadcaster.
Unclaimed assets sitting in accounts with Canada’s big banks fall under federal jurisdiction. You can sift through those via the Bank of Canada’s searchable database online.
“I call it Canada’s under-the-radar economic action plan in waiting, and it wouldn’t cost as much as building infrastructure,” Brenda Potter Phelan, president and CEO of LegacyTracker, a web-based personal finance tracking tool, recently told CBC News.
Only British Columbia, Alberta, and Quebec have legislation and databases in place to help individuals search for their unclaimed credit union account balances, trust funds and unpaid wages. Efforts to bring similar procedures to Ontario have faced resistance from the financial sector, according to the broadcaster.
Unclaimed assets sitting in accounts with Canada’s big banks fall under federal jurisdiction. You can sift through those via the Bank of Canada’s searchable database online.
The post Are you owed a slice of the $5B unclaimed assets pie? appeared first on MoneySense.
A lack of legislation makes it hard for most people to find their assets in credit union accounts, trust funds and unpaid wages, a CBC News investigation finds.
Credit scores recover quickly from short-term debt
– creditcards.com
If a brief, big debt surge is necessary, do it. Eating up your credit limit will hurt your credit score, but you can recover quickly with no lingering damage
