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
New offer for the CIBC Dividend Visa Infinite Card - 10% Cash Back for first 4 months & first year annual fee rebate + MORE Sep 10th
CIBC is taking on TD premium cash back offers with their own offer on their CIBC Dividend Visa Infinite card. CIBC's offer is pretty much a match to TD with 10% cash back on $2,000 in purchases (so up to $200 cash back) and waiving the first year annual fee on the card. The only difference bet.... More »
Embattled Home Capital secures $2-billion lifeline; shares collapse + MORE Apr 26th
Reaches non-binding agreement with ‘a major institutional investor’ on a credit line for its Home Trust subsidiary
.... More »
October 2 Update: Air Canada makes eUpgrade process easier, AIR MILES adds Canadian Appliance Source as a new partner & IHG Rewards Club's 2x points offer now live + MORE Oct 3rd
Air Canada announced today that they have made the eUpgrade process easier and more rewarding. The eUpgrade improvements include: Simplified eUpgrade Request Process – Beginning October 6, members or their travel agents can request upgrades when they book, or any time prior to check-in .... More »
10 great Starwood Hotels in Canada to use your 40K free night benefit at from the SPG Credit Card from Amex + MORE Jan 9th
All photos in this post courtesy of Starwood HotelsAs my wife approaches the $40,000 spend threshold on her Starwood Preferred Guest Credit Card from American Express she will soon receive her Category 1-4 free weekend night certificate for doing so. Well light bulb goes off since we did the post a .... More »
Neo Financial boosts Savings interest rate to 2.25%, new Amex Offer for Pulp & Press and WestJet to launch Vancouver-Penticton flights + MORE Aug 11th
Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Neo Financial has once again boosted their everyday interest rate for their Neo Money Savings Account. The accounts now offer a full time 2.25% and this is not.... More »
Money Now or Money Later?
– canadianfinanceblog.com
Delayed gratification is one of the main tenants of personal finance. Scan the front page of any major personal finance website, or read through the table of contents for any popular personal finance book, and you’ll see examples of delayed gratification.We see this in tips and techniques like freezing your credit card so that you have to wait for it to thaw in order to make purchases on it, or by writing out a list of things that you want, waiting 30 days, and checking to see if you still want to make those purchases. Both of those are ways to trick yourself into delayed gratification.
The reason that it is a personal finance cornerstone is because one of the major problems that we see in our daily culture is impulse purchases and a “need-now” mentality. We see this in the great show “Arrested Development”, where two of the main Bluths are purchasing a home that slowly gets upgraded from a modest 2 bedroom home to a mansion with a gatehouse (or two) because, “at least then you’ll have it”…
Higher cardholder spending boosts American Express profit
– theglobeandmail.com
Revenue fell short of expectations
How To Get An Online Shopping Refund
– ratesupermarket.ca
Canadians are pretty thrifty when it comes to finding deals via online shopping - but navigating the hidden costs of shipping and customs duties when buying from foreign countries is a different story.
In 2010, Canadians placed nearly 114 million orders online, worth $15.3 billion, according to Stats Canada. On average, Canadians who order online spend about $1,362 annually and nearly 90 per cent pay using credit cards.
In May, U.S.-based Forrester Research released a report that showed 25 per cent of online spending by Canadians goes through international websites – purchases that were subjected to often overlooked duties.
Why You’ll Shell Out For Shipping
When you purchase products online from companies located south of the border, you have to pay a duty to import that product, much like if you drove stateside and bought a stack of DVDs or clothing.
A third of shoppers surveyed for Forrester’s report said they weren’t concerned with taking the additional hit for duties while 17 per cent even considered having purchases shipped to a friend in the U…
