The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
Latest News
BMO eclipse Visa Infinite Privilege changes: Annual fee increased & spending caps now based on category Nov 24th
A few weeks ago we let you know about negative changes coming to many of the premium BMO cards however at that time we didn’t know if there were changes being planned for the ultra premium BMO eclipse Visa Infinite Privilege Card. Thanks to Chris on the RWRDS Canada Facebook Group we now know .... More »
Curiosity Astrobiology Rover Discovers Pure Sulfur Crystals On Mars - Astrobiology News + MORE Jul 22nd
Curiosity Astrobiology Rover Discovers Pure Sulfur Crystals On Mars Astrobiology NewsAccidentally exposed yellowish-green crystals reveal ‘mind-blowing’ finding on Mars, scientists say CNNCuriosity Cracked Open a Rock on Mars And Found a Huge Surprise ScienceAler.... More »
Secured loans vs. unsecured personal loans: Which should Canadians get? + MORE Dec 11th
If you want to borrow money, you have several options in Canada, including a secured or unsecured loan. These loan types have several things in common. Off the top: Financial institutions will lend money for a certain period of time (a.k.a. a term), both types require a credit check and both charge .... More »
RWRDS Daily Update – June 3, 2024: Five new Amex Offers and last day for TD’s higher card bonuses Jun 3rd
Five new Amex Offers from Expedia, Toronto Pearson & more, Final day for the current welcome bonus offers on TD cards and Catch up on This Week in RWRDS. Check out today's points & miles updates here:
The post RWRDS Daily Update – June 3, 2024: Five new Amex Offers and last day for TD.... More »
RWRDS Daily Update Feb 11: AIR MILES Bonus Miles Flash Offer for using multiple Card Linked offers + MORE Feb 11th
AIR MILES Bonus Miles Flash Offer for using multiple Card Linked offers and a clarification for the 30% bonus on Amex Flexible Points Travel redemptions. Check out today's points & miles updates here:
The post RWRDS Daily Update Feb 11: AIR MILES Bonus Miles Flash Offer for using multiple Card .... More »
Ask MoneySense
I am in B.C., Canada. I moved my LIRA into a LIF two years ago. I have taken the maximum annual withdrawals for each year. I thought it’d be smart to start taking it. How can I get more out of it? I need the funds to help deal with bill payments. All my monthly income is going to a mortgage now, and I have no extra money for anything else. I am trying to save my credit rating and cannot use credit anymore. Can it be transferred back into something that I can withdraw? Hardship clauses do not apply to me, but that does not mean I am not in trouble. I wish I had not done it. I have put myself in a terrible spot. This LIF is not my only income for retirement. I have another pension and full CPP and OAS. Any advice you have? I would greatly appreciate it.
I am in B.C., Canada. I moved my LIRA into a LIF two years ago. I have taken the maximum annual withdrawals for each year. I thought it’d be smart to start taking it. How can I get more out of it? I need the funds to help deal with bill payments. All my monthly income is going to a mortgage now, and I have no extra money for anything else. I am trying to save my credit rating and cannot use credit anymore. Can it be transferred back into something that I can withdraw? Hardship clauses do not apply to me, but that does not mean I am not in trouble. I wish I had not done it. I have put myself in a terrible spot. This LIF is not my only income for retirement. I have another pension and full CPP and OAS. Any advice you have? I would greatly appreciate it.
—CM
Reversing the LIF
CM, if you’re taking the maximum annual withdrawals from your life income fund (LIF), then it’s unlikely you will be able to take any additional money from your LIF…
KOHO Prepaid Mastercard – Extra plan earn rates devalued
– RewardsCanada.ca
Next up in the ever continuing rewards devaluation race is KOHO. As today, the issuer of prepaid Mastercards has lowered the earn rates on the popular ‘Extra’ plan option for their cards. Up until April 1st, 2024, the Extra Plan offered 2% cash back on groceries, transportation, eating and drinking plus 0.5% cash […]
The post KOHO Prepaid Mastercard – Extra plan earn rates devalued appeared first on Rewards Canada.
The post KOHO Prepaid Mastercard – Extra plan earn rates devalued appeared first on Rewards Canada.
