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.
Young Gen Z Canadians, ages 20 to 24, are leading the country in credit adoption, but many of them are experiencing barriers to getting credit cards, primarily because they have no credit history. Newcomers to Canada also lack Canadian credit history. What should young Canadians or recent immigrant.... More »
Credit card bills got you down? That’s the trouble with paying with plastic. It is easy to spend, but not quite as easy to pay off the debt you accrue – especially if you are only paying the minimum each month. Carrying too much credit card debt can make it harder to get a loan for a house .... More »
If filing your taxes before the deadline went over your head this year, procrastinating can only make things worse. Unlike sales tax, which is a pay-at-the-pump proposition, Canada’s income tax system is based on self-assessment. Make your money, plan your affairs as best you can and then, pay up.... More »
Are you looking for secured credit cards? Not sure if you should open a secured or unsecured card? If you’re rebuilding your credit score, a secured credit card can help you get your credit back on track. An unsecured credit card requires you to have established credit and can often include t.... More »
You’ve seen those ads show up more and more the past few years: financial institutions who offer a new way of banking. But do those flashy logos hide something you already know? Many of these businesses are owned by traditional Canadian banks. The industry is tightly regulated, but you.... More »
To simply say I love credit cards is an understatement. Currently, I have more than 10 active cards, which is much more than the average person will ever need at once, but I use them all for a variety of reasons. When you know how to game the reward system and reap the benefits of different cards, the possibilities are endless, especially with regard to travel rewards.
I’ve flown to Hong Kong on points, and just recently, I stayed at the Marriott Amsterdam hotel for a week solely on credit card points. Now, imagine if I had to pay for that flight and hotel in cash; I would have spent more than $6,000. So you can see why I get so excited over using my credit cards.
Mind you, I’m pretty open about how I use my credit cards, and I likely spend a lot more on them in comparison to the average person. But as long as you’re careful about how and where you spend, here’s how any average Joe can take advantage of the system and reap all the benefits that credit cards have to offer.
Tip #1: Look out for sign-up bonuses
Without a doubt, sign-up bonuses are one of the best ways to travel for free…