October 7 Update: Capital One® Aspire Travel™ World MasterCard® moves to straight redemption ratio, Enter to win a $100 Gas Card! + MORE Oct 8th

Oct. 7, 2015: Interest rates on new card offers remained cemented in place for another record-breaking week, according to the CreditCards.com Weekly Credit Card Rate Report.

Rewards Canada is happy to offer one of our lucky readers a chance to win a $100 Gas Card! All you have to do to enter is to comment below on the new Scotiabank GM Visa cards with an answer to any one of these three questions:- Which GM vehicle would you most likely redeem your GM Earnings for?- What do you like best about either of the GM cards?The contest closes on Wednesday October 14th, 2015 at 11:59pm MST! Limit 1 entry per person Winner will be determined by random draw from all eligible entries received. Void where prohibited.  No purchase necessary.  The co-brand suite consists of two cards, the no fee Scotiabank® GM®* VISA* Card and the Scotiabank® GM®* VISA Infinite* Card.Scotiabank® GM®* VISA* Card- No Annual Fee – Annual Fee – $0 – Co-Borrower Fee – $0 – Supplementary Card Fee – $0 – 19.99% annual interest rates for card purchases- 22.99% annual interest rate on cash advances and balance transfers- Minimum Credit Limit – $500GM Earnings- 5% in GM Earnings on the first $5,000 in Net Purchases annually- 2% in GM Earnings on all Net Purchases* thereafter- No limits on GM EarningsRedemption- $1 in GM Earnings = $1 towards the total purchase price or lease down payment of any eligible new Chevrolet, Buick, GMC or Cadillac…

So you want to help your child get a good education…but you also need to make sure you retire on track. Which priority should come first? Here’s how you can balance your child’s needs with yours.
RRSP vs. RESP: Which comes first? »
1. Budget carefully
– First, study your monthly cash flow and create a budget, says Paul Shelestowsky, senior wealth advisor at Meridian Credit Union, which provides retirement and education savings products. That way, you’ll see where you can free up money and how much you can put aside for your child’s education and for your own retirement.
“Important as it is, we can’t get too aggressive with [saving for education] and start jeopardizing loan payments and things like that,” he explains.
2. Start early
– If you don’t start saving for your child’s education well in advance, the closer you get to his or her 18th birthday—and to your retirement date—the trickier things will become.
If your child is seven, for example, you have only a decade to save for his or her education, but you may have another 20 years to save for your retirement…

A pretty busy Wednesday! News, Tips & TricksGreat news for those who have or will be getting the Capital One® Aspire Travel™ World Elite MasterCard®! They have moved away from the tiered redemption ratio for redemptions under $600 as now 100 points will equal $1 no matter what. This means with the Capital One® Aspire Travel™ World Elite MasterCard® you are now getting a straight 2% return! This is much welcomed news and oh, they will now allow for partial redemptions, you don’t have to have the full amount of points. So if you have a $300 ticket and $150 worth of points you can redeem those $150 against the $300 charge! Watch out BMO World Elite, TD First Class Visa Infinite and others! This card is on a comeback!Enter to win a $100 Gas Card! Did you see our post earlier today for your chance to win a $100 Gas Card? Simply talk to us about the new Scotia GM cards for a chance to win! Find out more here.Have you voted yet for your favourite travel rewards credit card? 2,500 others have already done so! If you haven’t voted yet be sure you make your voice heard! Vote here!Thanks to Rewards Canada reader David for letting us know about the new Tangerine Money Back credit card that will be coming out soon…

If you faithfully pay your loans, mortgage or credit card each month, you’ve probably gotten a call or letter from your bank telling you that you’ve been pre-approved for a credit increase or a line of credit.
But if you’re not currently using all the credit that you have available, you might not think you need it. Guess what? Turning down pre-approved credit increases might actually hurt your credit. This post will walk you through why you get offered these credit increases, how it can improve your credit score and when you should turn an increase down.
Why They’re Offering The Increase
If a bank that you have an account with already tells you that you’ve been pre-approved for a credit increase or new line of credit it’s because they see you as a good customer. Whether you diligently pay off your card every month or you stay current on your loans, they’re offering you an increase because they trust that you will pay them back.
No Hard Check
One of the best things about these pre-approved credit increases is that they often don’t perform a hard credit check on your file…