Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best rewards debit cards in Canada for 2024 Mar 5th
Spend
The best rewards debit cards in Canada for 2024
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
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What Is a Credit Bureau? Important Information for Canadian Consumers Apr 29th
Whether we realize it or not, credit bureaus have a significant impact on our financial lives. The information they provide to lenders can determine mortgage rates, lending amounts, and credit card approvals. But what exactly is a credit bureau, and what can you do with their information?
What Is a .... More »
The best GIC rates in Canada for 2025 + MORE Jul 22nd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The best travel credit cards in Canada for 2024 Oct 28th
Credit card comparison tool
Compare your travel card options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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The best GIC rates in Canada for 2024 Jun 4th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare now
Why trust us
MoneySense is an award-winning magazine,.... More »
Canadians’ Spending Habits and Payment Preferences are Changing
– ratesupermarket.ca
According to a recent study by Payments Canada, the COVID-19 pandemic is changing Canadians’ spending habits. The study found that 62% of Canadians are using less cash, and 42% avoid shopping at places that don’t accept contactless payments altogether.
Moreover, 53% of consumers reported using a card or mobile tap for payment more than pre-pandemic.
Further findings suggest 38% of Canadians are using e-commerce platforms more often, and 26% of consumers are prioritizing food delivery services.
These shifts in payment method preferences and spending behaviours are likely to stick around as Canadians become more comfortable with these consumer options.
Select a rewards credit card based on your spending habits
Shopping with your credit card can have its perks
Should you cancel your current credit card if you apply for another?
Rewards are not always the top credit card feature
Select a rewards credit card based on your spending habits
As Canadians’ spending habits change, it may be time to update what is in your wallet so you can benefit the most from your credit card…
