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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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 »
Hilton’s fall promo is here – Earn Double Honors Points on each and every stay from Sep 9 to Jan 5 + MORE Aug 27th
Hilton has released the details of their fall systemwide global points promotion which launches exactly the day after the current offer ends. Once again it is the venerable double points promotion but it is better than the summer version in the regards that the bonus points are available r.... More »
New Scotia Momentum VISA Infinite card first year free offer + MORE May 1st
Up until yesterday if you grabbed the Scotia MomentumVISA Infinite card the sign up bonus was 5% cash back on purchases made in the first three months. A great deal for those who could spend lots on the card as it came with the $99 annual fee. The new offer that launches today see the 5% disappear s.... More »
Receive up to an 85% bonus when you buy Air Canada Aeroplan points Sep 5th
Air Canada Aeroplan’s latest buy points promotion provides members with the opportunity to receive up to a 85% bonus when buying points by September 24, 2025. I’m not sure if this time it is a mystery bonus like the last few offers – do please let me know in the comments if you rec.... More »
Uranus is losing its atmosphere because of its weird wobbly magnetic field - Digital Trends + MORE Mar 29th
Uranus is losing its atmosphere because of its weird wobbly magnetic field Digital TrendsUranus has started leaking gas, NASA scientists confirm Happy MagVoyager 2 Still Helping Scientists Discover More about Solar System Tasnim News AgencyUranus, No Joke, Is Leaking.... More »
The Best 0% Balance Transfer Credit Cards of 2016
– canadianfinanceblog.com
One of the best weapons you have in your battle against debt is the 0% credit card balance transfer. With the right credit card, you can get a 0% rate for a few months. During this time, it’s possible for the entire amount of your debt payment to go toward getting rid of your balance. This speeds things up since your payment isn’t being eaten up by interest charges.The best balance transfer credit cards allow you to make significant progress in your debt pay down efforts. Use these credit cards as a tool in your debt repayment plan and they can speed up your debt payoff and save you money over time.
MBNA Platinum Plus MasterCard Credit Card – The Platinum Plus MasterCard offers you a 0% interest rate for an full 12 months, making it the best balance transfer credit card in Canada. That’s an entire year available to help you demolish your credit card balances. There is a 21-day grace period, and the regular interest rate is 17.99% on purchases. However, balance transfers have a rate of 19…
Using an EIN to apply for a card, build business credit
– creditcards.com
A small business can start building credit with a home improvement store credit card, but be sure you’re doing it for the right reasons
Cash out your emergency fund
– moneysense.ca
Lots of experts suggest saving six months’ living expenses for emergencies like a job loss or an illness. But if you’re in a financially stable household it makes more sense to use that money elsewhere, and open a line of credit to draw on in the event of a crisis. “Holding a large amount of cash as an emergency fund can be a real waste,” explains Toronto fee-for-service planner Jason Heath. “If you have cash and debt, your cash won’t earn nearly the return that your debt is costing you—meaning, you’re falling behind.” Consider what happens if you take $20,000 of emergency money from your high-interest saving account and instead apply it to your mortgage in the following example:
Over the course of 10 years, you’d lose out on more than $6,400 in interest savings if you go the cash route. But even if you don’t have debt, notes Heath, why hold cash when you can get your money working for you by investing it? Provided you don’t fall into the trap of constantly raiding your line of credit instead of using it as an occasional emergency fund, that’s always the wiser choice…
