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RWRDS Daily Update – December 13 Dec 14th
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Loyalty Lesson: Credit Card Spending Caps Explained We recently posted a Loyalty Lesson that delved into the perplexing 5x points earn rate on the National Bank of .... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE May 28th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
When are credit-card rewards worth paying an annual fee? + MORE Aug 1st
For the last decade or so, Jim and Willina Collins have enjoyed a regular bonus by using their no-fee cash-back credit card to pay for many of their expenses, including holiday flight and accommodation bookings, gasoline, vehicle repairs, and insurance on their vehicles (the couple have a car and a .... More »
What is a Secured Credit Card and How Does It Work? + MORE Jun 29th
A good credit history is important for everyone. It’s a gateway to more borrowing options and the basis of a positive financial future. But what if you have no credit, or some unfortunate marks on your record make it hard to get a new card?
That’s where a secured credit card may come in.... More »
Woman in her 30s killed in hit-and-run near Mississauga's Credit Valley Hospital Jul 5th
Police say that the suspect fled eastbound on Eglinton Avenue from Erin Mills Parkway in a sedan..... More »
3 easy ways to track your spending
– moneysense.ca
Before you can take control over your finances, you have to know where your money is going. The most common advice? Start a spending journal. To which we say: Get real. Journals are tedious, time consuming and a royal pain. While the advice is sound, the solution is flawed. Even die-hard financial nuts admit they quickly give up on it. The good news is there are easier ways. Here are three smart ways to track your spending—with minimal effort:1. Charge it all
Putting all your purchases on one credit card is an easy way to track your spending. Some issuers even categorize purchases on your monthly statement. The key is to stick to one card and pay off the balance each month. Most banks now also provide tools to track spending on your debit card. Use them to tell you where you’re spending, then look for unnecessary expenses.
2. Instagram it
Need some added accountability? Use your smartphone to take photos of everything you buy, and post them to a private Instagram account. Include the cost in the comments…
Christmas debt hangover cure starts with retracing holiday transactions
– canadianbusiness.com
CALGARY _ Like the morning after too many eggnogs the night before, many Canadian families are waking up this week to the pounding headache of a Christmas debt hangover.
But credit counsellors say there’s a cure for those who have the courage to face their painful situation.
Mike, a 38-year-old from Vancouver, remembers his desperation when he finally realized he needed help about five years ago.
“I had no other choice. I had like $1 left on my credit card,” he said.
“I had the ability to make money but no matter how much I made, I was paying it out in debt payments every month. Something had to change.”
Mike, who asked his last name be withheld, owned a failing metal fabrication business in Vancouver.
The trouble was he didn’t realize how badly it was failing _ there wasn’t enough money coming in to cover the payments on his $20,000 business loan, resulting in him running up about $15,000 in debt on his credit cards.
He described his financial plan at the time as “delusional…
But credit counsellors say there’s a cure for those who have the courage to face their painful situation.
Mike, a 38-year-old from Vancouver, remembers his desperation when he finally realized he needed help about five years ago.
“I had no other choice. I had like $1 left on my credit card,” he said.
“I had the ability to make money but no matter how much I made, I was paying it out in debt payments every month. Something had to change.”
Mike, who asked his last name be withheld, owned a failing metal fabrication business in Vancouver.
The trouble was he didn’t realize how badly it was failing _ there wasn’t enough money coming in to cover the payments on his $20,000 business loan, resulting in him running up about $15,000 in debt on his credit cards.
He described his financial plan at the time as “delusional…
Credit card fraud victims who fought back – CreditCards.com
– creditcards.com
Oftentimes, card thieves are not held accountable for their crimes. These victims made sure they were.
