How to go about securing the best rate and plan for your credit card in Canada.
Latest News
Amazon to sell debt in order to pay for Whole Foods deal + MORE Aug 16th
Amazon says it is selling debt in order to pay for its $13.7 billion deal to buy organic grocer Whole Foods.
Amazon.com Inc. did not say how much money it plans to raise when it sells the senior unsecured notes, but credit ratings agency Moody’s said Tuesday that the company is raising up to $.... More »
Aeroplan joins Chase Ultimate Rewards + a waitlist bonus for the new Chase Aeroplan Card (U.S. only) Aug 4th
This post is for our readers from the U.S. and of course for our Canadian readers who play the U.S. credit card game!In December 2020 Air Canada Aeroplan and Chase announced they would be launching a new partnership in 2021 that would see Chase issue an Aeroplan co-brand credit card for the U..... More »
My credit score’s 750! Why was I denied a card? + MORE Oct 20th
Five reasons why you may be denied a credit card, even if your credit score is excellent.... More »
The effects of India’s currency reform? “Chaos” say analysts + MORE Nov 18th
NEW DELHI – The sudden withdrawal of 86 per cent of India’s currency has left cash in short supply, retail sales stumbling and wholesale markets in turmoil.
That’s just the immediate fallout from Prime Minister Narendra Modi’s surprise effort to stamp out corruption by making.... More »
How much debt is normal in Canada? We break it down by age + MORE Jun 22nd
Debt seems to be a normal thing for Canadians these days. After a brief decline during the pandemic, the Canadian household debt-to-income ratio soared to 184.5% in the first quarter of 2023. That means Canadians owe nearly $1.85 for every dollar of disposable income.
The ballooning debt has been.... More »
Optimism for credit markets as January’s deep freeze starts to thaw
– theglobeandmail.com
Credit spreads have eased back from precarious highs, while several U.S. giants have returned to the debt markets they have so liberally tapped over the years since the financial crisis
If health problems strike, ask for hardship rate reduction on debt
– creditcards.com
Avoid a settlement if you can; its credit score impact lingers
What you can learn from this Oscar Best Picture nominee
– moneysense.ca
They say you can learn a lot from the movies. This was especially true this year when Michael Lewis’s book The Big Short was made into a film. It was scintillating entertainment starring Ryan Gosling, Christian Bale and Steve Carrell, but also carried several empowering money tips to help us build our wealth without getting duped by get-rich-quick schemes. Here’s a few notable financial lessons we found in the 2016 Oscar best picture nominee that are worth making a part of your daily life:
1. A little financial literacy goes a long way
No one would say that learning the lingo of high finance is easy but The Big Short shows that even difficult financial concepts like credit default swaps, synthetic collateral debt obligations (CDOs) and sub-prime mortgages are easy to understand if you take the time to research them—and if you realize that irrational human behaviour often lies at the heart of all these get-rich-quick products. That’s why pop-star and actress Selena Gomez explaining synthetic CDOs brought home the point that finance isn’t that hard—especially if you’re keen on learning if there’s something in it for you…
1. A little financial literacy goes a long way
No one would say that learning the lingo of high finance is easy but The Big Short shows that even difficult financial concepts like credit default swaps, synthetic collateral debt obligations (CDOs) and sub-prime mortgages are easy to understand if you take the time to research them—and if you realize that irrational human behaviour often lies at the heart of all these get-rich-quick products. That’s why pop-star and actress Selena Gomez explaining synthetic CDOs brought home the point that finance isn’t that hard—especially if you’re keen on learning if there’s something in it for you…
February 26 Update: Summary of buy miles bonuses, Amex U.S. Business Card changes (will it come to Canada?) and more
– RewardsCanada.ca
Last update after our first week back! It was a busy one and next week will continue to be so! News, Tips & Tricks Over on the FrequentFlyerBonuses.com blog we summarize all the current buy miles and points bonus offers. While some aren’t worth your time others like Alaska’s and IHG’s should definitely be looked into! Read all about it here. but also look at the link below on more details for the IHG promo! Big news south of the border sees American Express (U.S.) changing the terms on their Business Cards to only being able to earn the sign up bonus once per lifetime just like their consumer cards. Canada has the same rule on consumer cards but not business cards, so the question will not be if Canada will follow suit but when. That’s it for today. Hope everyone has a great weekend! Posts since our last update: How to utilize the IHG Rewards Club buy points bonus to save money on hotel stays As you know yesterday we brought you the details of the IHG Rewards Club buy points flash sale…
