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July 15 Update: The soon to re-open Park Hyatt Toronto jumps to Category 6 from Category 4 & free Hertz Gold Plus Rewards Five Star elite status + MORE Jul 15th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Much like last week's update on new Marriott Hotels in Canada we have a mid-year update on new Hyatt Hotels in Canada. We now know the P.... More »
Top ways that credit card fees sneak into your trip + MORE Jul 19th
It’s summertime, and that means break time for many Canadians. If you’ve been using a credit card to book your holiday and spending while on vacation, you might be paying more than you think. While travel credit cards often offer perks or rewards, they can often come with expensive upfront annua.... More »
RWRDS Daily Update – October 13 Oct 13th
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. The new best cash back card in Canada With the enhancements going live yesterday, the SimplyCash® Preferred Card from American Express has now been crowned the be.... 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 »
The 12 best travel credit cards in Canada for 2023 May 26th
Credit Cards
The 12 best travel credit cards in Canada for 2023
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The best store credit cards in Canada right now
– moneysense.ca
Creatures of habit, rejoice! Your loyal shopping behaviours may just pay off, big time. If you shop regularly at certain retailers, using a store credit card can help you to earn discounts, free goods and exclusive perks by swiping or tapping for everyday purchases. Spending with a store credit card can even give you VIP access to sales. And if you already collect loyalty points, they’ll likely accumulate even quicker with a store credit card. Considering that these cards typically have no annual fee, the reasons to switch are racking up quicker than your pumpkin spice latte charges. Read on to see which are the best store credit cards in Canada for making your daily spending work for you.
Best store credit cards in Canada
PC Financial World Elite — Best for Loblaws banner stores and Shoppers Drug Mart
Triangle Mastercard — Best for Canadian Tire and its family of stores
Amazon.ca Rewards Mastercard — Best for Amazon.ca
Walmart Rewards World Mastercard — Best for Walmart.ca
Scotiabank GM Visa Infinite — Honourable mention
Attention foodies
PC Financial World Elite Mastercard*
This credit card brings something more to the table–get it? Arguably the best no fee card credit for groceries in Canada, the PC Financial World Elite Mastercard earns you PC Optimum Points faster when you shop at any of the Loblaws banner stores (No Frills, Superstore, Fortinos, etc…
Lately I’ve focused a lot on American Express’ Amex Offers and have neglected the other Canadian card issuer that provides tons of great offers as well, RBC! Well I have now caught up on their latest offers and there are some really good ones to be had! I’d say the most popular or best ones in my opinion are offers for The Keg, Indigo, Petro-Canada and Mary Browns. These offers have been added to our Guide to RBC Royal Bank ‘RBC Offers’. Here is the current list of all the RBC offers we are aware of at time of posting (if you know of any others please let us know!)MerchantOffer Details Known cards to have this offer Expires Get $15 off at Little Burgundy online or in-store with promo code when you spend $100 or more before taxes Oct 14, 20 Get a $10 statement credit when you rent a box for $99 on dresst.ca Oct 15, 20 Spend $40 at Indigo in-store or online using your eligible RBC Card, and you’ll get a $5 statement credit…Myths and facts of reverse mortgages
– moneysense.ca
A reverse mortgage is exactly what the name implies: accessing the existing equity you have built in your home by granting a mortgage to a lender without the need to make monthly payments.
And yet, there are many misconceptions about this financial product, which allows Canadians to borrow up to 55% of a home’s value, tax-free, on properties worth $250,000 or more.
With home property values soaring and the federal government tightening traditional mortgage qualification rules through a rigorous stress test, more homeowners are looking to reverse mortgages as a way to unlock the value tied up in their properties. Borrowers receive the money tax-free to use as they wish—to supplement their income and increase cash flow; to cover unexpected expenses or home renovations; and to help stay in their current home are just a few examples.
Unlike home equity lines of credit (HELOCs), which require monthly payments, reverse mortgages, such as those offered by Equitable Bank, are ideal for cash-strapped homeowners who want to stay put without increasing their living expenses…
And yet, there are many misconceptions about this financial product, which allows Canadians to borrow up to 55% of a home’s value, tax-free, on properties worth $250,000 or more.
With home property values soaring and the federal government tightening traditional mortgage qualification rules through a rigorous stress test, more homeowners are looking to reverse mortgages as a way to unlock the value tied up in their properties. Borrowers receive the money tax-free to use as they wish—to supplement their income and increase cash flow; to cover unexpected expenses or home renovations; and to help stay in their current home are just a few examples.
Unlike home equity lines of credit (HELOCs), which require monthly payments, reverse mortgages, such as those offered by Equitable Bank, are ideal for cash-strapped homeowners who want to stay put without increasing their living expenses…
