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Latest News
American Express Cobalt Card: 22 new confirmed multiplier locations Feb 9th
Here’s our next update to our American Express Cobalt Card Confirmed Multiplier Locations list with 22 new locations being added today from across Canada A big thank you to the RWRDS Canada community for providing details on thousands of locations where you can use the American Express Cobalt Card.... More »
Store credit cards: 6 ways to stay out of trouble + MORE Sep 20th
A store card can be a good deal in the right situation, but the downside is interest rates of almost 30 percent.... More »
February 1 Update: Another batch of confirmed 5x and 2x Cobalt Multiplier locations, new increased bonus on the Signature RBC Rewards Visa & Scotiabank Gold American Express Card Review + MORE Feb 1st
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points.... More »
RWRDS Daily Update – February 13 Feb 14th
The Ultimate WestJet Credit Card Portfolio has been updated and A Hanger event – PMB Meetup is coming to Calgary, YYC! Check out today's points and miles updates here:
The post RWRDS Daily Update – February 13 appeared first on Rewards Canada..... More »
American Express Cobalt Card earn rate for travel purchases will drop to 1 point per dollar spent + MORE Jun 26th
Some unfortunate news out of American Express today, the much beloved American Express Cobalt Card will see its 2x points earn rate on travel be cut to 1x points as of October 8, 2024. It will however retain 2x points earning on gas, transit, taxi, ride sharing etc. plus its coveted 5x points on eat.... More »
Canada can and should run fatter budget deficits, economists say
– theglobeandmail.com
Won't threaten credit rating, economists say
What to pay off first: mortgage or line of credit?
– moneysense.ca
Q: We are currently in position to either pay down our lines of credit or pay down our mortgage. We recently sold one property and renovated and moved into another. The lines of credit were used to help renovate the property we just moved into. We now find ourselves in a debt vs debt standoff. Do we use the money to pay off the mortgage, leaving us with about $70,000 owing and about $150,000 on a line of credit, or do we tackle the line of credit, which would leave us with $15,000 in the bank and a $290,000 remaining mortgage? — Debt vs. Debt, Aurora, Ont.
Answer 1: As with any debt, pay off the one with the highest interest first. Mortgages tend to have unfavourable interest and compounding structure, making them the better bet to pay down first. Lines of credit have more simple interest calculations, making them easier to pay down over time. I have clients who have taken out lines of credit to pay off their mortgages, once they got low enough. If you create a spreadsheet and calculate the total interest paid on the mortgage and the lines of credit, the answer will be obvious…
Mastercard plans to let you pay for stuff with selfies
– moneysense.ca
AMSTERDAM – Starting this summer, Canadian Mastercard holders will be able to pay for their online purchases using a selfie or a fingerprint instead of a password.
After a pilot project in the Netherlands, the credit card company says it plans to roll out the technology in Canada, the U.S. and parts of Europe.
Mastercard says biometric payments — which use characteristics such as their fingerprints, voice or facial features to identify users — are more convenient and secure than passwords.
Relax, mobile banking is safer than you think »
During the pilot project, participants in the Netherlands were required to download an app in order to use the technology.
Mastercard Netherlands says it’s now looking at ways of integrating the technology into the apps of banking and tech giants to make the process even simpler for consumers.
Details surrounding the Canadian iteration of the service are not yet available.
The post Mastercard plans to let you pay for stuff with selfies appeared first on MoneySense.
After a pilot project in the Netherlands, the credit card company says it plans to roll out the technology in Canada, the U.S. and parts of Europe.
Mastercard says biometric payments — which use characteristics such as their fingerprints, voice or facial features to identify users — are more convenient and secure than passwords.
Relax, mobile banking is safer than you think »
During the pilot project, participants in the Netherlands were required to download an app in order to use the technology.
Mastercard Netherlands says it’s now looking at ways of integrating the technology into the apps of banking and tech giants to make the process even simpler for consumers.
Details surrounding the Canadian iteration of the service are not yet available.
The post Mastercard plans to let you pay for stuff with selfies appeared first on MoneySense.
Home Depot sales beat expectations on recovery in housing market
– theglobeandmail.com
Company gained from rising home prices, combined with job, wage and credit growth that has prompted consumers to spend more money on improving their homes
