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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Should You Pay Bills With Your Credit Card?: Plastiq and Rentmoola Apr 21st
Traditionally, paying bills such as rent required a series of post-dated cheques or setting up a direct deposit connection to your bank account. Paying with a credit card hasn’t always been an option – until now, as third-party payment processors grow in popularity.
One such service, Pl.... More »
Canadians mostly happy with grocers despite bread price fixing scheme: survey + MORE Feb 21st
TORONTO _ A new survey suggests Canadians still have a strong relationship with their grocer _ with only about a third of respondents saying their view of their favoured retailer has worsened following revelations of an alleged industry-wide bread price-fixing scandal.
The annual online survey by Ar.... More »
Canadians Ill-Prepared for a Rate Hike; Unprecedented Debt Imminent + MORE Jun 30th
A new report finds Canadians are facing a future where an unprecedented amount of household income will go towards debt servicing.
The Household Indebtedness and Financial Vulnerability report by the Parliamentary Budget Officer is raising concerns on the level of household debt amongst Canadians. .... More »
Canada’s best rewards credit cards for 2023 Jun 17th
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The 10 best rewards credit cards in Canada for 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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CIBC ranked No. 1 in mobile banking customer service Apr 4th
(Chris So/Toronto Star via Getty Images)
CIBC has come in first in a Canadian ranking of customer service in mobile banking. The bank topped the ranking based on its customizable experience, a feature to enable customers to book meetings and for its fingerprint ID security.
In its 2017 Mobile Bankin.... More »
Smart Credit Card Use While On Vacation
– ratesupermarket.ca
Like many other Canadians, you’re likely pulling out your maps (or Google Maps) and planning where to hit the road this summer – but have you considered how you’ll pay for your travels? If a cash diet is out of the question on your vacation and you’ll be relying on credit, it’s important to know which credit cards will lead to savings and rewards, rather than racked-up debt.
Offset Expenses With Rewards
First, identify your largest travel expense: will it be gas, lodging, food or entertainment? Consider using an applicable rewards credit card to get maximum savings from those purchases. For example, if you’re planning to drive far, try a gas rewards card such as the Shell CashBack World MasterCard, which offers 3 per cent cash back on gas purchases (but look ahead to be sure the gas retailer to sign up with has outlets where you’re headed!).
Other options include hotel-related cards such as The Starwood Preferred Guest Credit Card. Or, if next year’s trip is by plane, just put all your purchases on an airline points card such as the ScotiaGold Passport VISA, which gives new signups 5,000 bonus points, offers 5 per cent cash back on travel purchases, and also includes comprehensive travel insurance coverage…
