Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
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 low-interest credit cards in Canada for 2023 Nov 16th
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The best low-interest credit cards in Canada for 2023
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The best GIC rates in Canada for 2024 + MORE Jun 11th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’ - WIRED + MORE Aug 8th
Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’ WIREDTrump Signs Executive Order Clamping Down on ‘Debanking’ The New York TimesGUARANTEEING FAIR BANKING FOR ALL AMERICANS The White House (.gov)Trump targets banks with order barring discrim.... More »
Making sense of the markets this week: May 29 May 28th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Banking on boring profits
Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
To Spend or Not to Spend: What to Do with Your Travel Rewards Points Amid a Global Pandemic
– ratesupermarket.ca
Travel came to a screeching halt in the second week of March. Since then, travel programs and third-party providers have been working with members to reimburse rewards and cancel itineraries. Cardholders are without a choice but to postpone their upcoming vacations indefinitely. But that doesn’t leave them without options for their travel rewards balances.
Each loyalty program will offer a different selection of redemption options. Some travel rewards credit cards have very flexible catalogues. But, is it best to save your rewards balance or cash in your points?
Flexible Points Options
While travel is typically the best redemption value for your points, there are often alternative ways for you to spend your rewards. To calculate the redemption value of your different options, divide the monetary price by the point value. Doing the math can help you make an educated shopping decision.
For example, with Scotia Rewards points, the minimum redemption value for travel is 5,000 (a $50 value)…
