How to go about securing the best rate and plan for your credit card in Canada.
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Today only - Earn 10x AIR MILES Reward Miles site wide for online purchases made via AIR MILES Shops + MORE Dec 16th
If you haven't completed all your Christmas shopping yet take a look at getting some of it done today as AIR MILES has brought out a one day flash offer of 10x miles site wide on airmilessshops.ca! As long as your purchase meets the minimum requirement for earning at least 1 AIR MILES Rew.... More »
Avoiding bankruptcy: Alternatives for digging out of card debt + MORE Jan 26th
Drowning in credit card debt but the idea of filing bankruptcy makes you wince? Consider these alternatives to restore your financial health..... More »
Researchers discover Australia's largest flying reptile - La Prensa Latina + MORE Aug 10th
Researchers discover Australia's largest flying reptile La Prensa LatinaFlying reptile discovered in Queensland was 'closest thing we have to real life dragon' Sky News'Fearsome dragon' skull reveals beast that terrorized Australia’s skies CNETThis Spear-Mouthed 'D.... More »
Podcast Episode 62 - Holiday Edition & Year End Wrap Up Episode Dec 17th
In this the last episode for 2019 Jeff and Patrick discuss the year in loyalty, with a loyalty wish list, which programs may have been a Grinch and more. We also talk about last minute shopping tips to make the most of your loyalty programs and touch upon our latest ultimate credit card portfolio.... More »
The best GIC rates in Canada for 2025 + MORE Mar 31st
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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Hello! The 60,000 point sign up bonus for the no fee Best Western Rewards MasterCard returns!
– RewardsCanada.ca
For some time now we’ve had a 40,000 point sign up bonuses for this card while the standard sign up bonus is 20,000 points. Well now the 60,000 point bonus for the mbna Best Western Rewards MasterCard has returned! Last seen about this time last year this offer for the card that has no annual fee needs you to hit some spending targets to get the 60,000 points.You’ll get the standard 20,000 points upon your first purchase with the card. Then an additional 20,000 points will be awarded with $1,000 in spend in the first 90 days of having the card and another 20,000 points if you hit $2,000 in spend in those first 90 days.The rest of the card details are as such:• Earn 1 Best Western Rewards® point for every $1 in eligible purchases‡ • Earn 5 Best Western Rewards® points for every $1 in eligible purchases at Best Western properties‡ • You will be awarded “Gold Status” upon first use of your credit card and “Diamond Status” when you spend $10,000 in eligible purchases within one year◊◊ • No limit to the Best Western Rewards® points that can be earned using the credit card in a year • Use your Best Western Rewards® points in many ways – hotel stays, dining, gift cards and more… Credit unions across the country are gearing up for a battle of words against the federal government after they were ordered to stop using the terms bank, banker and banking to describe what they do.
Q&A: Does being an authorized user on too many cards hurt my score?
– creditcards.com
Removing yourself as an authorized user from credit cards could either hurt or boost your score; it all depends on your own credit history and the amounts you owe
Rate survey: Average card APR surges to record 16.06 percent
– creditcards.com
One credit union bucks the trend by lowering card APR
Should you use RRSPs to pay down the mortgage?
– moneysense.ca
Q: My husband and I will have good pensions.
He is thinking that we should cash out our RRSPs to pay down our mortgage.
He thinks that we will be taxed the same amount either way. Your thoughts?
—Linda
A: Some people struggle with whether they should invest or pay down debt. I think there are good arguments for debt repayment over investing in some cases.
For one, Linda, I’m not a fan of having a big emergency fund in cash earning 1%, while your mortgage or other debt is at 3% or more. It’s a guaranteed losing proposition. Some people like the safety net of an emergency fund. I’d rather someone have a modest cash balance and a secured line of credit as an additional emergency fund which you hopefully never use.
If you forever have $10,000, $20,000 or more sitting idle in cash, you could be missing out on RRSP, RESP or TFSA contributions or have debt that continues to accrue interest at a higher rate in the meantime.
Ask a Planner: Leave your question for Jason Heath »
RRSPs can be a bit different, Linda…
