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
Final days to apply for the MBNA Alaska Airlines & Best Western Mastercards Nov 6th
MBNA is set to shut down four of their co-brand credit cards for new applications at the end of the day on November 7. Those cards are the Alaska Airlines World Elite® Mastercard®, Alaska Airlines Platinum Plus® Mastercard® , mbna Best Western Mastercard® and the Harley-Davidson Mastercard. My .... More »
Earn up to 15,000 bonus Aeroplan points on Air Canada flights to Singapore + MORE Nov 10th
Air Canada is looking to drum up some early bookings on their new Singapore route with this route bonus! Aeroplan members who register and book flights between Canada and Singapore by November 15 for travel in 2024 will earn up to 15,000 bonus points. The up to 15,000 bonus points offer: Earn up to .... More »
Oct 22 Update: Uber goes to Montreal, Alaska Airlines 2x Miles & EQMs, United 2x Miles across the 48 US States + MORE Oct 23rd
I want to thank everyone who voted in Canada's Choice - Canada's Top Travel Rewards Credit Card. We will be compiling the results over the next few weeks. Watch for the results to come out in November! News, Tips & Tricks Traveling to Montreal? Need a taxi but aren't sure who is closest? We.... More »
RWRDS Daily Update – February 19, 2024 Feb 20th
New AIR MILES Flash Offers to earn bonus miles, RBC will not inherit Singapore Airlines KrisFlyer conversion option from HSBC 18 new confirmed MBNA Rewards 5x points multipliers. Check out today's points & miles updates here:
The post RWRDS Daily Update – February 19, 2024 appeared first on R.... More »
A Credit Card Conspiracy? Class Action Suit Targets Swipe Fees Apr 24th
A class action lawsuit in British Columbia claims Visa, MasterCard and the major banks are conspiring to keep transaction costs high for retailers. Such costs are swipe fees paid by retailers to credit card companies and banks every time a shopper uses a credit card to make a purchase. The fees st.... More »
Finance Lessons For Kids
– ratesupermarket.ca
June 14, 2013
Hey readers! Got a money question, or suggestion for the blog? Tweet us @RateSupermarket with the hashtag #MoneyWise.
The financial lessons we learn in childhood set the stage for our economic success later in life. However, today’s consumer is surrounded by encouragement to spend and rack up credit. What can parents do to cut through this spendthrift static?
For many, financial literacy starts in the home. If you’re looking to impart the value of a dollar on your child, check out our guide to starting the conversation.
3 Tips For Teens: Get a Summer Job
Everyone remembers their first gig – and the sweet feeling of holding their paycheque for the very first time. Employment is a great way for teens to gain appreciation for the value of a dollar, and develop the money management skills they’ll need later in life.
Unfortunately, not all teens are keen to swap the couch for the workplace this summer – but you can help! Check out these top ways to make your teen employable…
This and That: Million dollar nest eggs, commodities and more…
– moneysense.ca
Million Dollars ain’t what it used to be…
A New York Times column points out that with bond yields low even retirees who have saved up as much do not have a lot to live on.
Commodities for the Long Run
What can we say about commodity prices over the long run? This paper provides fascinating insights into real commodity prices over 160 years. One example: prices of stuff that is grown have depreciated over time but prices of non-renewable resources have increased.
Another week, another alleged fraud
The Vancouver Sun reported on yet another alleged fraud in which a former financial advisor sold extremely risky securities to retirees and senior citizens.
Are Homes Investments?
The Wall Street Journal asked a panel of experts how a personal residence fits into one’s investment portfolio.
The knock against credit cards
This article says that credit cards are making us poorer and fatter. Are credit cards also responsible for global warming?
REITs down
With bond yields spiking up, the hunt for yield may be at an end says this Bloomberg article…
A New York Times column points out that with bond yields low even retirees who have saved up as much do not have a lot to live on.
Commodities for the Long Run
What can we say about commodity prices over the long run? This paper provides fascinating insights into real commodity prices over 160 years. One example: prices of stuff that is grown have depreciated over time but prices of non-renewable resources have increased.
Another week, another alleged fraud
The Vancouver Sun reported on yet another alleged fraud in which a former financial advisor sold extremely risky securities to retirees and senior citizens.
Are Homes Investments?
The Wall Street Journal asked a panel of experts how a personal residence fits into one’s investment portfolio.
The knock against credit cards
This article says that credit cards are making us poorer and fatter. Are credit cards also responsible for global warming?
REITs down
With bond yields spiking up, the hunt for yield may be at an end says this Bloomberg article…
Can this couple retire early?
– moneysense.ca
The current situationBao Lam, a 43-year-old certified financial planner in Waterloo, Ont., believes in second opinions. He asked MoneySense for our thoughts on whether he’s on track to leave his high-paying—but stressful—job at age 47. That’s when he hopes to sell his business for $900,000 and invest that money until his retirement at 65. Bao’s 39-year-old wife Jeannette, who is currently his assistant, would stop working. “Doctors need a second opinion about their own health,” says Lam. “It’s no different with financial advisers.”
The Lams, who have a teenage son, have assets including a $325,000 home and $222,000 in registered and non-registered investments. They will be cashing in Jeannette’s $27,000 GIC and putting it towards their $118,000 line of credit later this year. The couple, who gross $180,000 per year, hope to have all their debts (including a $128,000 mortgage), paid off before retiring.
When they sell their business, the Lams will receive $90,000 gross per year for 10 years, with payments made monthly…
Alterna Savings unveiled its slick new digs in Place de Ville on Thursday, inviting members to celebrate the historied credit union’s role in Ottawa.
June 14 Update: Targeted RBC Cathay Pacific Visa offer, Bonus Miles for Raffles Hotel stays, Accor Hotels Germany Bonus
– RewardsCanada.ca
The end of a busy week brings us the following: News, Tips & Tricks I received a targeted offer for a 20,000 Asia Miles sign up bonus for the RBC Cathay Pacific Platinum Visa in my email today, I have no intention of using it but there could be a big time CX flyer out there who doesn’t have this card yet and may be able to take advantage of it. Here is the link provided in the email. There are no guarantees that you will get the extra 5,000 miles over the regular sign up bonus as the offer is targeted to select Asia Miles members but it doesn’t hurt to try. Be sure to take screen shots of your application etc. if it does mention the 5,000 extra miles and use that as back up to see if you can get the miles. The offer is good to July 31. If anyone is interested I can also forward you the email. Our 5th Annual Canada’s Top Travel Rewards Credit Card feature had some great media coverage since it was launched on Tuesday. Thanks to the Globe and Mail, Toronto Star, Global Calgary and Global Toronto for covering it so far! Bonus Offers AeroMexico Club Premier- Double Club Premier Kilometers on all Sixt car rentals Worldwide…
