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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What Negative Interest Rates Mean for Canadians Jun 1st
Even before COVID-19 began to dominate the collective consciousness, the possibility of negative interest rates garnered plenty of attention in the press. Just last year, in the midst of a U.S./China trade war, Donald Trump mused about the Federal Reserve heading into negative territory in order to .... More »
Should You Accept That Pre-Approved Credit Limit Increase? + MORE Jul 5th
If you faithfully pay your loans, mortgage and credit cards each month, then you’ve probably received a call or letter from your bank with the news that you were pre-approved for a credit increase or a line of credit.
You might be thinking, I don’t even use all the credit I currently have. I do.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of July 2019 Jul 5th
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that adds .... More »
BMO credit cards: A breakdown of the bank’s best cards 2021 Jan 13th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... 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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The rates i.... More »
Getting The Most Value From Your Travel Rewards
– ratesupermarket.ca
Canadians are clearly believers when it comes to racking up loyalty rewards points.
Nearly three-quarters of us – 72 per cent to be exact – carry at least one credit card that offers a rewards program, according to recent TD Canada Trust research. For more than eight out of 10 cardholders, loyalty perks are a big priority when selecting a card.
However, figuring out exactly how to use those miles or points so you’re not simply wasting them can be a bit confusing. For instance, you can convert points into cash, buy gift cards, book a holiday, transfer them into other loyalty programs or simply buy the bike you’ve had your eye on for a long time.
But what’s a point really worth? With cash back credit cards, the reward you earn is clear: it’s always a percentage of every dollar spent. With other types of rewards though, it’s all about the dollar value of the rewards earned.
Make Sure You’re Getting a Decent Deal
For most programs, a reward mile is going to be worth between one and two cents but that value can vary widely depending on how you choose to redeem it…
