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.
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 »
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 »
Canadians who shop online now have the option to open an Amazon Rewards MasterCard. The new card is the product of a partnership between Amazon, MasterCard and TD Bank. Mike Strauch, Country Manager for Amazon, announced in a public statement, “We are really excited to launch a new credit .... More »
Looking for low-interest credit cards? A credit card that has a high interest rate can quickly lead to higher debt if you’re not careful. But, with a few savvy tips, you can lower your interest rate or transfer to a card with lower interest.
Here’s how to get the best interest rate for your credit card.
Open a New Credit Card with a Low-Interest Rate or Open a Balance Transfer Credit Card
If an older credit card has a high interest rate, open a card with a lower interest rate. Then, stop using the old card. If your old card has a long credit history that’s in good standing, keeping it open might be a good idea. If the bank is charging a high annual fee, then consider closing it. Or, you can open a balance transfer card with a lower interest rate and transfer your old balance.
Benefits with opening a new credit card:
The bank may have a low interest rate offer for new cardholders.
The bank may waive the annual fee for the first year.
The bank may offer special card back rewards for new cardholders…