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?
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The Best Online Banks in Canada for 2022 + MORE Oct 24th
According to the Canadian Bankers Association, 90% of Canadians reported using online banking in the past year, and almost 50% say that digital is their preferred banking channel. The trend towards online banking isn’t a new one, but it certainly was hastened by the isolation and mandatory quarant.... More »
7 ways to manage rising health care costs, avoid card debt + MORE Dec 19th
Steps to prevent you from relying on your credit card when dealing with rising health care costs.... More »
Do You Need to Insure a Car, Motorcycle, or RV That’s Sitting in Storage? + MORE Jul 11th
Everyone thinks about car insurance in terms of road liability. There are hefty fines for driving without insurance, and you should always have coverage in case of a collision. But what about those seasonal vehicles or classic cars you don’t drive?
As it turns out, there’s good reason t.... More »
What are the best travel points programs for Canadians? This Week in RWRDS September 26, 2025 Sep 27th
This week we look at the 5 best travel rewards points currencies for Canadians, earning Aeroplan points for donations to the Red Cross, changes to the prepaid Wealthsimple Cash Card and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This We.... More »
Canada’s Best Visa Credit Cards 2022 Jun 1st
When consumers shop for a new credit card, they typically look at the ability to collect points, the insurance coverage offered, fees and interest rates on unpaid balances—not at the credit card company itself. But if you already have an account with RBC, CIBC, Scotiabank or any other Visa issuers.... More »
Should I combine my defined benefit pensions?
– moneysense.ca
Q: I have a defined benefit pension plan with OMERs which will pay $24,000 a year. I have three years in a HOOPP defined benefit pension plan which currently will pay about $5,000 a year. HOOPP and OMERs have a reciprocal agreement. Am I better off keeping the plans separate or moving my OMERs into HOOPP?
—Walter Winkler, B.C.
A: Reciprocal agreements among DB pension plans have been created to offer a fair consolidation of entitlement. It is based on the actuarial value of your entitlement plus the plan features and ancillary benefits such as inflation protection, early retirement options and survivor benefits. The credit you receive is intended to be fair value but may not result in the same amount of service credit.
These transfer agreements provide employees with the comfort that they can manage their career among a wider scope of opportunities. The end result is as if you were enrolled in the successor pension plan all along. So your pension entitlement is easier to calculate and forecast…
The Best No Annual Fee Credit Cards of 2016
– canadianfinanceblog.com
Best No Annual Fee Credit Cards
#1
Tangerine Money-Back Credit Card
4% Cash back in bonus categories for 3 months
Apply Now
#2
President’s Choice Financial MasterCard
Best for frequent Superstore and Loblaws shoppers
Apply Now
#3
MBNA Rewards MasterCard
0% balance transfer for 6 months
Apply Now
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Credit cards can be great tools to help you better manage your money. With credit cards, you end up with the convenience and safety of plastic. They are low-hassle ways to ensure that you can pay for your needs and wants. However, convenient these tools are, though, there isn’t a reason to pay an annual fee if you don’t want to.
There are plenty of credit cards that will charge you an annual fee. Sometimes, these fees can be worth it if you earn rewards quickly and will use them. If you want to save money, though, look for no annual fee credit cards. In some cases, an argument can be made for getting a credit card with an annual fee…
No card, no problem: Pay with your ring, watch, bracelet
– creditcards.com
The credit card of the future may be a chip embedded in an accessory you wear
The dispute between Walmart Canada and Visa over merchant fees heats up today as the retail giant stops accepting the credit card at its 16 stores in Manitoba.
October 24 Update: Aeroplan accumulation changes on Thai Airways and convert hotel points to MileagePlus for a 25% bonus
– RewardsCanada.ca
News, Tips & Tricks Aeroplan has announced more accumulation changes. This time for flying on Thai Airways. The lowest economy fares have taken hits. (Source Aeroplan) Effective for travel December 1, 2016, earn 50% of the miles you fly in booking classes T, K or S. For travel until November 30, 2016, earn 100%. Effective for travel December 1, 2016, booking classes G, V and W will no longer be eligible for accumulation. For travel until November 30, 2016, earn 50%. AIR MILES members can earn 60 bonus Reward Miles for spending $40 or more until the 27th at Rexall. Get the coupon here. Japan Airlines Mileage Bank has announced some changes to their program. The good news is that they are moving to one way award tickets costing only 50% of the round trip cost for flights within Japan. There are some other minor changes including the move to expiring miles folllowing Japan Standard time rather than your timezone. JMB miles expire 36 months after the end of the month they are earned in…
