All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
BMO Ascend World Elite Mastercard review + MORE Dec 9th
The BMO Ascend World Elite Mastercard is just one card in BMO’s premium lineup. It offers a points-based rewards program through BMO Rewards, 5x the points on travel purchases, flexible redemption options, and usually a large welcome bonus. We’ll break it all down below so that you can decide if.... More »
The best GIC rates in Canada for 2026 Feb 23rd
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 »
The best GIC rates in Canada for 2026 Jun 2nd
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
We’re 10 years apart. Can we retire together? + MORE Feb 25th
Ask MoneySense
My wife and I plan to retire at the end of 2027. I am 63 and my wife is 53. All our investments are split 50/50 between RRSPs and LIRAs for a total of about $1,450,000. We anticipate needing about $110,000 a year after tax in retirement. We have a line of credit, and we are paying it .... More »
BMO replaces Air Miles with new Blue Rewards program + MORE Jan 28th
BMO Financial Group has announced it will replace Air Miles with a new loyalty rewards program called Blue Rewards this summer. It said the new program will be available for all Canadians through a newly designed Blue Rewards app, and will be integrated into BMO’s existing mobile banking app a.... More »
Better store discounts, access to airport lounges, and early entry to your favourite live acts. The perks of some credit cards are hard to ignore, even if the card comes with an annual fee. But experts say they may not be for everyone. “It really depends on your income, how much you spend on the credit card, as well as your credit score,” said Natasha Macmillan, director of everyday banking at Ratehub.ca. There’s an array of choice when it comes to picking the right card, each having its own unique features and perks.
Choosing the right credit card for your stage in life
Credit cards that come with more perks and benefits are likely to carry an annual fee, which can be as high as $799. Most credit cards on the market though have fees closer to $120 per year, she said.
Macmillan said consumers need to look at where they are in their lives when applying for a credit card. For students and young adults, she recommended looking into a no-fee card, which can help build your credit score without the added expense of a fee…
