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
Podcast Episode 69 - Huge Aeroplan promotion - Receive 50% of your miles back on award flights within Canada or between Canada and the U.S. + MORE Jun 23rd
Episode 69 - June 23, 2020 Huge Aeroplan promotion - Receive 50% of your miles back on award flights within Canada or between Canada and the U.S. In this episode we discuss the amazing Aeroplan redemption offer that was released on June 17. We discuss the details of the promotion, h.... More »
June 27 Update: AIR MILES system outage on Canada Day and World of Hyatt adds Alila Hotels to its portfolio + MORE Jun 28th
AIR MILES will be performing some system upgrades on Canada Day which means their website, the app, airmilessshops.ca and AIR MILES cash redemptions will be unavailable. The planned downtime is from 11pm ET on June 30 to 11pm ET on July 1. During this time you will still be able to earn miles wi.... More »
Top Canadian Credit Card Issuers Cut Interest Rates and Pause Planned Hikes Apr 13th
The COVID-19 pandemic has swept many Canadians into unanticipated financial uncertainty. Mass temporary layoffs and job losses have left hundreds of thousands of people wondering how they are going to pay their rent and credit card bills in the coming months.
While the federal government is taking .... More »
Last day to get the increased sign up bonus for the American Express Cobalt Card + MORE Jan 30th
Per the marketing terms that have been attached to the American Express Cobalt Card this is the last day to grab this card with its introductory sign up offer of up to 40,000 points. As of tomorrow the bonus will be dropoing down to the standard 30,000 points. If you haven't applied for the card yet.... More »
December 15 Update: WestJet & American part ways, Up to 3,000 Bonus Points on your next IHG stay, changes to Aeroplan earning on First Air Dec 16th
WestJet Rewards will be losing their first ever airline partner next year. American Airlines and WestJet will part ways at the end of July 2018. The partnership has been around since June of 2012 but with the announcement last week that WestJet and Delta are looking at forming a Joint Venture it.... More »
Miles & More Award Ticket Sale – Save 50% on Economy class award tickets from Toronto to Europe
– RewardsCanada.ca
As we do each month we bring you the latest set Miles & More “Meilenschnaeppchen” discounted mileage awards! This month we see another good offering of economy award tickets! The offers are for departures on Lufthansa from Toronto to 85 destinations in Europe.These are good for travel between Feb 1 and Mar 15 and must be booked by Nov 1. You can redeem Miles & More miles for round trip economy class tickets on Lufthansa from Toronto to Europe for only 30,000 miles. This is a 50% discount off the normal Economy Class award ticket price of 60,000 miles. Granted the Lufthansa tickets will have fuel surcharges but this is still a pretty good deal when you look at it as a whole in terms of miles+cash outlay. Some of the economy class offers:As we mention every time they have the 50% off economy offer is that you could in theory get the tickets with grabbing a single credit that has a $120 annual fee! How so? As we usually mention in this post you can boost your Miles & More account with the Starwood Preferred Guest Credit Card from American Express…Q&A with author Emma Johnson on protecting credit as a single parent
– creditcards.com
As a single mom going through a big life change, it’s critical to stay on top of your credit because that’s when you’re going to need it most
Is it safe to have $600,000 in savings invested in GICs?
– moneysense.ca
Q. I live in Manitoba and have about $600,000 invested in GICs at a local credit union. I am 63 years old, retired with a pension, no debt and no mortgage. However, I still worry about this money and it has been hard for me to find an unbiased view on its safety. Can you help?
—Glenda W.
A. I think you can relax, Glenda. Your money is safe. Credit unions in your province have the Deposit Guarantee Corporation of Manitoba which provides unlimited guarantee of all deposits. GIC’s are covered, but not stocks or mutual funds. If you were with a Canadian bank, your deposits would be covered by CDIC insurance, which protects accounts up to $100,000.
Your investment personality is risk-averse, which is totally fine. But there is one risk that you may not be factoring into your assessment: Inflation risk. Prices for food, gas and almost everything else are on the rise, but your GIC probably isn’t earning much to account for that.
RELATED: The safe, unloved, amazing GIC
You are in the enviable position of no debt, no mortgage and a pension, mitigating your risk significantly…
Finding value in the soda aisle
– moneysense.ca
S K I P A H E A D
Climbing CATS
Putting a price on something holds a fascination for me. That’s why I paid attention when I recently wandered into a drugstore looking to quench my thirst. I was taken aback to discover that they were selling the same brand-name pop in six different sizes and at nine different prices.
The dizzying array of possibilities started with the worst deal. A 591 ml bottle was displayed in a refrigerated section near the front of the store that went for a whopping $2.49, which is equivalent to $4.21 per litre.
You could also pick up 1 litre bottles in the same section for $2.49 each or three for $5.00 ($1.67 per litre). It’s an old trick. An outrageously high price on one item makes the simply high price on another look like a bargain by comparison.
Bigger discounts could be found at the back of the store. The best was on a six pack of 710 ml bottles that cost $2.29 per pack or $0.54 per litre. Alternately, you could pick up a case of twelve 355ml cans for $3…
