The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best banks in Canada Oct 17th
Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
The best GIC rates in Canada for 2023 Oct 24th
Investing
The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
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How to buy Stellar / XLM in Canada Nov 18th
Since the cryptocurrency market crash in May, smaller altcoins have been steadily stealing the march on leading digital coins. Altcoins’ relatively faster rise in value, compared to crypto heavyweights like bitcoin and ether, has sparked dramatic investor interest in some lesser-known tokens over .... More »
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 »
How Long Does an e-Transfer Take? Nov 4th
Interac e-Transfer has revolutionized how Canadians move money to each other, reducing the number of cheques written by the millions. But how long do e-Transfers take, and is there a way to speed up the process?
In this article, I explain why some e-Transfers are almost instant, and others can take .... More »
How to Make the Most of RBC Rewards
– canadianfinanceblog.com
Canadians love earning credit card rewards, so it’s no surprise that some of the largest programs out there today are run by Canada’s big 6 banks. In recent months, I’ve reviewed the rewards programs offered by both Scotiabank and BMO. Today it’s RBCs turn. In this article, I’ll cover everything you need to know about RBC Rewards and the Avion program. I’ll also show you how to get the most out of your rewards points.
How to Earn RBC Rewards Points
Since this is a credit card rewards program, you’ll need to use one of 6 personal RBC credit cards to earn points. They also have a couple of business credit cards included in the rewards program. Here are the three most popular cards, at a glance:
RBC Rewards+ Visa: No Annual Fee, $1=1 point on gas, grocery and drugstore purchases.
Signature RBC Rewards Visa: $39 annual fee, $1=1 point on all purchases.
RBC Avion Visa Infinite (Best Pick): $120 annual fee, $1=1 point on all purchases, +25% on eligible travel spending. In addition, RBC Avion Rewards are worth more when redeemed for travel, which is a major distinguishing feature of this card, and something I’ll get into in more detail further down…
How to Earn RBC Rewards Points
Since this is a credit card rewards program, you’ll need to use one of 6 personal RBC credit cards to earn points. They also have a couple of business credit cards included in the rewards program. Here are the three most popular cards, at a glance:
RBC Rewards+ Visa: No Annual Fee, $1=1 point on gas, grocery and drugstore purchases.
Signature RBC Rewards Visa: $39 annual fee, $1=1 point on all purchases.
RBC Avion Visa Infinite (Best Pick): $120 annual fee, $1=1 point on all purchases, +25% on eligible travel spending. In addition, RBC Avion Rewards are worth more when redeemed for travel, which is a major distinguishing feature of this card, and something I’ll get into in more detail further down…