Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Who to name as executor when family members aren’t an option Feb 22nd
Ask MoneySense
We are told to have a will, but what do you do if you have no family, or if you do, they reside overseas?
To our surprise, we learned that the big Canadian banks offer executor and power of attorney (POA) services. It’s not well advertised on their websites.
We have interviewe.... More »
Outlook 2018, Part 3: The writing on the wall: Housing, mortgages and Canada’s banks Jan 3rd
‘It could well be that the banks are already beginning to tighten up the lending spigots’
.... More »
Canada’s best credit cards for grocery purchases 2022 Nov 17th
Everybody needs to put food on the table, so you might as well earn rewards while doing so. Considering that in 2022 the price of food in Canada has risen at the fastest pace in decades, with the annual rate of food inflation sitting above 10% in recent months, there’s no better time to earn usefu.... More »
American Express Increases the Value of Points for Purchases Jun 3rd
For a limited time, American Express is offering consumer cardmembers more value for Points for Purchases. From April 17, until September 30, 2020, cardholders can use 1,000 points for a $10 statement credit on all eligible non-travel related purchases. That means Membership Rewards points are curr.... More »
Interac is expanding—first up, Wealthsimple e-transfers will get easier Sep 29th
You’ve probably used an Interac e-Transfer to pay a friend back for dinner, split the rent with a roommate, send birthday money to your nephew or put money into your account at another bank. This service is quick and convenient if you’re a customer at a major bank or a credit union—but if you .... More »
CIBC must pay back $73 million in fees it improperly charged customers for 14 years, while customers looking at their monthly statements all that time would never have noticed. Is it time for more transparency in the financial services industry?
Review: Scotia Momentum® VISA Infinite Card
– ratesupermarket.ca
Are you looking for a card that gives you up to 4% cash back, travel perks and no annual fee for the first year? Enter the Scotia Momentum® VISA Infinite card which is chock-full of features that can help you save money and make your life easier in a number of ways. While it may not earn any actual travel rewards, it offers some luxurious options only available to VISA Infinite cardholders that can help enhance your travel experiences. There are also a number of travel insurance benefits and it’s eligible for Apple Pay, making this a well-rounded card. It’s no wonder it’s a three-time winner of RateSupermarket.ca’s Best of Finance in the cash back credit card category!
Card Details
Earning Rate:
4% cash back on all eligible gas station and grocery store purchases
2% cash back on eligible drug store or pharmacy purchases as well as recurring bill payments
1% cash back on all other eligible purchases
Note that the 4% and 2% rates apply to the first $25,000 you spend annually at merchants that accept VISA…
