Is now the time for retirees to sell stocks and buy GICs? + MORE Mar 4th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
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Lina, 34, paid off a huge debt. Her biggest fear now? Her credit card + MORE Jun 26th

The Toronto-based communications manager earns $65,000 annually, but pays $1,950 in rent, which eats up more than half of her take-home pay..... More »

Annual fee vs. rewards value: Canadian credit cards worth the cost in 2026 Jun 13th

When choosing a credit card, the annual fee is one of the biggest considerations. In Canada, fees vary widely, from $0 to nearly $800 a year—and it’s easy to assume that paying more automatically means getting more value. But that isn’t always true. A high-fee card can deliver strong reward.... More »

The Best Travel Credit Card Welcome Bonus Offers for January 2024 Jan 7th

Here are the Best Travel Credit Card Sign Up offers for the month of January 2024. This is not an overall ‘best’ credit card list like our recently released Top Travel Rewards Credit Card rankings for 2024 but instead a look at cards that have the most valuable welcome bonus sign up offe.... More »
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MoneySense has a new look + MORE Apr 25th

We have exciting news: MoneySense has made some upgrades. The core of what we do will stay the same—we’ll continue to bring you high-quality content from the best financial experts in Canada—but we have a fresh new look. Why are we changing? We want you to have the best possible expe.... More »

The Best Cash Back Credit Card Welcome Bonus Offers for February 2024 Feb 4th

Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of February. This is not a ‘best’ credit card list like our recently released Top Cash Back Credit Card rankings but instead a look at cards that have very good cash back welcome bonus sign up offers. This list .... More »
Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of March 2023. This is not a ‘best’ credit card list like our Top Cash Back Credit Card rankings but instead a look at cards that have very good cash back acquisition (welcome/sign up) offers. As always when choosing […]
The post Top Cash Back Credit Card Sign Up offers for March appeared first on Rewards Canada.

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My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen

Are GICs a good idea for retirement?

As you noted, Rodeen, guaranteed investment certificate (GIC) rates have risen to levels we have not seen in over 15 years. There are one- to five-year rates that are between 4% and 5%, and even slightly over 5% if you shop around. You may not get these rates at major banks, where rates may be 1% to 2% lower than that, but credit unions, trust companies and online banks generally offer a healthy premium.

Are GIC rates going up in Canada?

A year ago, GIC rates were just starting to rise but were still less than 3%. The reason they are so much higher now is worth considering. The January 2023 year-over-year inflation rate fell to 5.9%, after rising at a 6.3% rate for 2022…

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This card needs no introduction if you are a Rewards Canada regular, however we continue to see a lot of new visitors to the site each and every month. So we want to present to those new readers of ours the best credit card in Canada and the one we believe should be in every […]
The post The best card in Canada offers 30,000 welcome bonus points + 5x points on eats and drinks appeared first on Rewards Canada.

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