How to go about securing the best rate and plan for your credit card in Canada.
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May 31 Update: Talking Unused Loyalty Programs, 25% off award tickets from Montreal to Europe, More Rewards not just for those out west + MORE May 31st
News, Tips & Tricks Over the weekend Rewards Canada was featured on Corus Radio's Informed Traveler show talking about unused loyalty programs. This isn't about points and miles but about how many members are actually active in a loyalty program! It was prompted by a recent piece published on.... More »
May 16 Update: Listen to Podcast Episode 27, Air Canada Business Class Seat Sale, 150 Bonus AIR MILES for hotel bookings + MORE May 16th
News, Tips & Tricks Podcast Episode 27 is here! We interview Tony Chapman and get this well known speaker's thought on the Air Canada / Aeroplan split. Something tells me this is only the first of many podcasts where we'll covering this news! Download/subscribe to the podcast here! Icelan.... More »
Luxury hotel collections guide + MORE Nov 1st
Luxury hotel collections associated with certain travel credit cards offer perks like free room upgrades and meals or late checkout. Here's how these hotel collections work and what cards you can use to unlock their benefits..... More »
2024 Super Bowl ads may cater to women viewers – some credit Taylor Swift - BBC.com + MORE Feb 9th
2024 Super Bowl ads may cater to women viewers – some credit Taylor Swift BBC.comWelcome to Japan, Taylor Swift Fans. Please Remain Seated as You Cheer. The New York TimesWant to place bets on Taylor Swift at the Super Bowl? Ontario's gambling rules have you covered &nbs.... More »
Ottawa boosts immigration officers’ ability to cancel visitor visas, travel permits - The Globe and Mail + MORE Feb 16th
Ottawa boosts immigration officers’ ability to cancel visitor visas, travel permits The Globe and MailCanada tightens immigration rules: Study, work permits now easier to revoke The Times of IndiaCanada visa: Canada make new rules to cancel temporary resident visas, work and .... More »
Citi refunding $700 million for credit card add-ons
– creditcards.com
Regulators ordered Citibank to refund $700 million to 8.8 million card holders for debt protection, credit monitoring and same-day payment fees
Citigroup Inc’s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.
What to do with a windfall
– moneysense.ca
Q: I am getting a small windfall soon. The money would pay off the rest of my mortgage which is just under 3%. It would also be enough to pay off my credit card debt, leaving a couple thousand to buy American dollars for my travel account. Should I play it safe and do the above or should I be opening up a TFSA account and contributing also to my RRSPs? Or should I be looking at purchasing a rental condo? I am 52 and my wife and I have both good jobs.
– Ed
A: I think that one of the best things you can do with a sudden windfall, Ed, is nothing. People often feel compelled to act right away. Or they are made to feel that way by financial advisors who have something to gain. Take your time and evaluate your options.
I think paying off your credit card debt is an easy one. I’d do that for sure.
Beyond that, the decision to pay down your mortgage is a tough one. You have a low-rate mortgage that may be even lower now given the rate cut last week by the Bank of Canada–if you have a variable rate mortgage…
– Ed
A: I think that one of the best things you can do with a sudden windfall, Ed, is nothing. People often feel compelled to act right away. Or they are made to feel that way by financial advisors who have something to gain. Take your time and evaluate your options.
I think paying off your credit card debt is an easy one. I’d do that for sure.
Beyond that, the decision to pay down your mortgage is a tough one. You have a low-rate mortgage that may be even lower now given the rate cut last week by the Bank of Canada–if you have a variable rate mortgage…
