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.
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The 10 best rewards credit cards in Canada for July 2023 + MORE Jul 1st
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The 10 best no-fee credit cards in Canada for July 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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New Aeroplan Members Can Get 2,500 Bonus Miles This Month Sep 11th
For a limited time, new Aeroplan members can get 2,500 bonus miles (soon to be Aeroplan points) when they join and earn their first mile before the end of September 2020.
Members can earn miles through in-store and online purchases at partner brands by scanning their Aeroplan card or using their Ae.... More »
The best high-interest savings accounts in Canada for 2023 + MORE Jun 23rd
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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What to expect for GICs in 2024 Nov 21st
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
Visa vs. Mastercard: What are the differences (and do they really matter)? Jun 19th
A frequent question we hear at MoneySense is: Which is better—Visa or Mastercard? When looking for a credit card, there are all sorts of things to consider. What is the interest rate? Can you collect rewards points or get cash back for making purchases? Is there a bonus for signing up, and what ar.... More »
CitiBank Cuts Travel Insurance On Credit Cards
– ratesupermarket.ca
Canadians with Citibank cards may enjoy the benefits that come with it, including travel and insurance perks. But as of September 22, 2019, Citibank has announced it is slashing those benefits – particularly the ones associated with travel.
The benefits that will no longer be honored are worldwide and domestic perks, include travel, baggage, and emergency benefits:
Travel
Citi Price Rewind
Trip cancellation and interruption insurance
Worldwide car rental insurance
Trip delay protection
90-day return protection
Missed event ticket protection
Baggage
Baggage delay protection
Lost baggage protection
Emergency
Worldwide travel accident insurance
Travel and emergency assistance
Roadside assistance dispatch service
Medical evacuation
These cuts to benefits could make it worthwhile to shop online for other cards to obtain travel benefits. While it remains unclear what spurred the change on Citibank’s end, some speculate their recent and expensive acquisition of a partnership with Costco has played a significant role in the decision…
