How to go about securing the best rate and plan for your credit card in Canada.
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May 31 Update: Talking Unused Loyalty Programs, 25% off award tickets from Montreal to Europe, More Rewards not just for those out west + MORE May 31st
News, Tips & Tricks Over the weekend Rewards Canada was featured on Corus Radio's Informed Traveler show talking about unused loyalty programs. This isn't about points and miles but about how many members are actually active in a loyalty program! It was prompted by a recent piece published on.... More »
The best GIC rates in Canada for 2025 Jan 13th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Book Review: Travel Hacking for Canadians by Stephen Zussino + MORE Oct 10th
Are you fed up with paying more for less when it comes to travelling? You’re not alone; while the cost of airline tickets continues to rise, customers are losing the perks that were once commonplace. Air travel today means being packed like sardines into airplanes with not enough legroom. You don.... More »
RWRDS Daily Update – December 28, 2023 + MORE Dec 29th
Up to 10% cash back and $100 in statement credits on the Simplii Financial Cash Back Visa Card, one new Cobalt Card multiplier and Turkey drops e-visa requirements for Canadians. Check out today's points & miles updates here:
The post RWRDS Daily Update – December 28, 2023 appeared first on R.... More »
Over 40 new American Express Cobalt Card Confirmed Multiplier locations Oct 11th
Our American Express Cobalt Card Confirmed Multiplier Locations feature received a nice big update over the past few days thanks to Andre, Ben and ourselves. Andre provided a bunch more locations Quebec, Ontario, Atlantic Canada and Europe. Ben gave us our first non-chain locations in Sudbury and we.... More »
3 Ways To Pay Less At The Grocery Store
– ratesupermarket.ca
Is there a summer tradition more beloved than the “Great Canadian Barbecue”? After all, we only have a scant three to four months to enjoy our outdoor culinary pursuits. However, backyard chefs across the nation will find they’re paying more for their burgers, chops and steaks this year.
Meat prices have skyrocketed in Canada over the past 12 months, with retail prices shooting up 12 per cent for ground beef and steaks, and up to 16 per cent for pork chops, according to Stats Canada. Declining beef supply and a rampant virus affecting pigs are to blame for the price increases, which have far outstripped the lagging rate of inflation.
What can Canadian families do to counter these rising costs? Check out our top tips for saving at the grocery store:
Meat prices have skyrocketed in Canada over the past 12 months, with retail prices shooting up 12 per cent for ground beef and steaks, and up to 16 per cent for pork chops, according to Stats Canada. Declining beef supply and a rampant virus affecting pigs are to blame for the price increases, which have far outstripped the lagging rate of inflation.
What can Canadian families do to counter these rising costs? Check out our top tips for saving at the grocery store:
Tip 1: Get a Big Point Payoff at the Checkout
One of the quickest ways to gain extra value is with some savvy credit card use. A cash back option that earns rewards on daily purchases such as gas and groceries offers the greatest flexibility; why not score extra cash on the purchases you’re making anyway?
Our pick: The MBNA Smart Cash MasterCard® Credit Card has up to 5% cash back on all of your eligible gas and grocery purchases for the first 6 months‡ (it earns up to 2% after this initial period on eligible purchases, and 1% on everything else)…
Applying For a Mortgage? How To Improve Your Credit Score Now
– ratesupermarket.ca
As most homebuyers can attest to, the wait for confirmation of mortgage approval happens with bated breath. To avoid any disappointment, it’s best to get up close and personal with your financial profile ahead of time, anticipating what might hurt your chances at approval and working towards remedying any snafus.
Wondering what factors might hurt your chances most? A recent survey of mortgage professionals by FICO revealed what raises flags when it comes to mortgage loan applicants. Fifty-nine per cent of respondents said “high debt-to-income ratio” was their top concern, followed by “multiple recent applications for credit” (13 per cent) and a “low FICO score” (10 per cent).
What is a FICO Score?
As for what comprises a FICO score, “there are five components,” says Anthony Sprauve, senior consumer credit specialist for FICO. “Payment history (35 per cent), credit utilization (30 per cent), length of credit history (15 per cent), new credit (10 per cent) and types of credit used (10 per cent)…
Wondering what factors might hurt your chances most? A recent survey of mortgage professionals by FICO revealed what raises flags when it comes to mortgage loan applicants. Fifty-nine per cent of respondents said “high debt-to-income ratio” was their top concern, followed by “multiple recent applications for credit” (13 per cent) and a “low FICO score” (10 per cent).
What is a FICO Score?
As for what comprises a FICO score, “there are five components,” says Anthony Sprauve, senior consumer credit specialist for FICO. “Payment history (35 per cent), credit utilization (30 per cent), length of credit history (15 per cent), new credit (10 per cent) and types of credit used (10 per cent)…
