How to go about securing the best rate and plan for your credit card in Canada.
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Paid a charged-off debt; now what? + MORE Sep 24th
It’s not enough to just pay a charge-off and forget about it. There are some cases in which the information about the paid charge-off doesn’t get to the credit reporting agencies.... More »
RWRDS Daily Update – February 29, 2024 + MORE Mar 1st
New RBC Offers credit for fresh kitchen + juice bar and ANA Mileage Club premium cabin flight awards devaluation coming in April. Check out today's points & miles updates here:
The post RWRDS Daily Update – February 29, 2024 appeared first on Rewards Canada..... More »
Earn 3x Avion Rewards points and save up to 25% on hotel bookings + MORE Jan 5th
RBC’s Avion Rewards is offering 3x Avion Points when you book any hotel via their travel platform and use an eligible RBC credit card (Avion cards, ION cards etc.) to pay for the stay. The 3x points offer is available on hotels around the world and select locations will also have up to a 25% [R.... More »
Great new offer on the Scotia Momentum VISA Infinite card - 10% back for first three months & first year free Jan 18th
We see the return of a very popular offer for the Scotia Momentum Visa Infinite Card. Right now for new applications Scotia will award you with 10% cash back on all purchases up to $200 cash back in the first three months. Not only that but they will waive the first year annual fee of $120 .... More »
How will closing secured card, opening unsecured card affect credit? + MORE Jun 2nd
The possible impact of closing a credit card will be mostly offset by the benefits of opening a new one -- if your available credit doesn't shrink and your credit utilization ratio doesn't increase.... More »
Do You Have the Right Taxpectations?
– ratesupermarket.ca
With the exception of accountants, I don’t think anyone enjoys tax season. But with the personal tax deadline quickly approaching on April 30th, it’s something we can’t ignore. On a positive note, 57 per cent of Canadians are anticipating to receive a tax refund, according to a recent TD survey.
Of those anticipating a refund, 61 per cent say they expect to get back to up $1,499. This may seem great at face value, but that just means we’ve given the government an interest-free loan and they’re simply returning the money.
Some people think of their tax refund as “free money” but when used effectively, that extra money can go a long way. According to those surveyed, the top three financial goals for Canadians are as follows.
Paying off credit card debt – 32 per cent
Contributing to an RRSP or TFSA – 21 per cent
Adding to their emergency fund – 28 per cent
Setting Spending Priorities
One quick note: some people try to maximize their RRSP contributions to get a bigger tax refund, but if you have credit card debt, it makes more sense to just pay that down first so you can avoid paying the insanely high interest charges…
