All about Canadian credit cards. Learn the ins and outs and get the latest news.
June 12 Update: Turo offer for Amex cardholders, new Centurion Lounge to open in Phoenix & Air Canada Business Class sale + MORE Jun 13th
American Express is sending out an offer to many of its cardholders for $100 off a Turo car booking. Check your email for your specific promo code. I received the offer for the personal Platinum Card.Rendering of the new PHX Centurion loungeAlso on the American Express front, the company has anno.... More »
Top 5 Credit Card Sign Up offers for September - These cards provide some of the best value out of their welcome bonuses + MORE Sep 11th
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of September! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should al.... More »
WestJet and RBC have just added a new benefit to their base level co-brand Mastercard that really ups the game for entry level credit cards. This new benefit is an annual companion voucher for flights within Canada. That's right a companion voucher on a card that only runs $39 per year. Taking note .... More »
August 9 Update: Chase Canada to forgive all debt owed on their Canadian Marriott & Amazon Visa cards Aug 10th
Early in 2018 Chase Canada completely shut down their credit card business. At the time they only had two cards left in their portfolio, their Marriott and Amazon Visa cards as the other cards they had issued previously were taken over other Canadian banks. Although Chase was no longer issuing c.... More »
Giant dinosaur bone discovered in southwestern France | World News Sky NewsDinosaur bone: Researchers uncover giant femur in France Tdnews'Major discovery': Giant dinosaur bone unearthed in France Aljazeera.comMassive, 1100-Pound Dinosaur Bone Unearthed in France&nbs.... More »
April 26 Update: Changes coming to the Scotiabank Gold American Express and Momentum Visa Infinite Cards, PC Optimum redemption bonus event this weekend & more!
If you read Red Flag Deals or Reddit you may have seen news about upcoming changes to the Scotiabank Gold American Express Card and Scotia Momentum Visa Infinite Card. We are working on getting more details of the changes and have a call with Scotia next week about them and will follow up with a post with all the details. It does seem the details that were leaked and revealed on RFD a couple of days ago of the changes coming on August 1st are legit. Here are the images that are being shared:Scotia is really upping their game again and really making the claim as Canada’s rewards bank more of a reality- the Scotiabank Gold American Express seeing 5x points (still capped at $50K) and No Foreign Transaction fee makes this card even better. In fact it is a big time Cobalt challenger if you don’t need to convert points to Marriott. It does surprise me as they are also now competing against their own Passport Visa Infinite Card with the no foreign transaction fee and better earning! I’m guessing Scotia wants clients to carry both cards and in reality that can make a lot of sense…
Getting a bit of extra money is always a bonus, and it turns out the average tax return in Canada is around $1,600. In 2019 so far, the CRA reports the average tax return at $1,614. So if you get a refund, what should you do with it?
If you decide to invest it, what’s the best vehicle? A lot depends on your appetite for risk, your investment experience and your overall financial status. Here are some basic things to think about when it comes to some of the most common options: GIC, RRSP contribution, TFSA, playing the stock market or having a little fun.
Debt Reduction: Pay off Credit Cards
If you have high-interest credit cards with a balance owing it might be most prudent to pay those down. Reducing high-interest consumer debt makes it easier to pay down your debts overall, and frees up money in the future for other investments.
Playing it Safe: GICs and Savings Accounts
A guaranteed income certificate (GIC) is just that: guaranteed. For a modest investment you’ll get back your principal and a set return…