Canada’s best Air Miles credit cards + MORE Jan 24th

We review the no annual fee MBNA Rewards Platinum Plus Mastercard and a new Amex offers statement credit offer for Hayu. Check out today’s points and miles updates here:
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Best credit cards in Canada for travel insurance 2023
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Canada’s best Air Miles credit cards in more detail

By Keph Senett and Luca Tatulli on  January 23, 2023Estimated Reading Time: 14 minutes

The Air Miles loyalty program, which rewards collectors when they shop at any of its dozens of partner merchants across Canada, is one of the most established and popular in the nation. Known originally for offering travel rewards, over the years the program has expanded and these days collectors can redeem for merchandise, events and even cash. Whether you’re looking to earn Air Miles through a basic no fee credit card, or don’t mind paying an annual fee for additional rewards, you’ll find solid options below…

I’m 62. Where would you advise that I invest $50,000 for retirement and savings?—Ty

Where to invest a large sum of money when you’re in or nearing retirement

Congratulations on having $50,000 available to invest, Ty. You do not say how you came into that money or describe your current financial situation. For some, it could be considered quite a windfall. Let’s consider a few different situations first and then move on to possible recommendations.

Do you have debts?

Investing a lump sum of $50,000 sounds great. However, receiving an investment return of 5% is not going to do much for you if you are carrying a balance on a credit card that is charging you 20% interest. Paying off high-interest debt will provide you with a greater net return than you are likely to receive from any long-term investment.

What about mortgage debt? A year or two ago, with some mortgage rates available below 2%, I might have advised that you invest rather than aggressively pay down any amounts owing, but with advertised rates at greater than 5%, if your mortgage is up for renewal this year, you would do well to consider reducing the amount you owe…

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Best credit cards in Canada for travel insurance 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.

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Canada’s best credit cards for travel insurance in more detail

By Keph Senett on  January 23, 2023

If you’re planning to travel this summer, you’ll need travel insurance if you plan to go out of province. These days, many of the credit cards available include some kind of travel insurance. While that’s a great selling feature for these cards, savvy Canadians know that not all insurance is created equal. There are a few kinds of coverage you actually need when travelling, like emergency medical and trip cancellation or interruption. Theft or baggage loss protection is a useful bonus, too…

The current best ever bonus of up to 55,000 Avion Rewards point on the RBC Avion Visa Infinite card is set to end on January 31, 2023.  This bonus is one of the easiest to achieve in the market right now and great for some looking to quickly get a lot of points that they […]
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