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The best BMO credit cards in Canada 2022 + MORE Mar 31st
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... 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 »
How to avoid credit card sign-up bonus bait and switch + MORE Jun 16th
Just because a card company invites you to apply for a card and approves your application does not necessarily mean it will give you the sign-up bonus that comes with the offer..... More »
AIR MILES Bonus Boom is back - earn bonus miles with participating partners + 95 bonus miles with three different Bonus Boom offers + MORE Oct 1st
The latest AIR MILES Bonus Boom event kicked off today with your usual bunch of bonus miles offers for shopping or completing actions with various AIR MILES partners. Most of the bonuses are available between today and October 13 and once again if you use three different Bonus Boom offers y.... More »
RWRDS Daily Update – November 22 + MORE Nov 23rd
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Two new Amex Offers New Amex Offers came out yesterday that offer statement credits for Fresh and Microsoft: Spend at least $100 in qualifying purchases using your .... More »
Pay debt or invest? How to use your tax refund
– moneysense.ca
OTTAWA — Many tax filers recognize that paying down debt or investing are smarter ways to spend their tax refund than splurging on a new big-screen TV or a quick weekend getaway.
But with household debt levels near record levels and interest rates starting to climb, the choice between saving or reducing the amount owed has become an increasingly important decision.
Those with refunds need to consider their whole financial picture when weighing the choice, said Andy Nasr, director and lead investment strategist at Scotia Wealth Management.
READ: Tax changes Canadians need to know before April 30
“This isn’t just about investing, it’s about really developing a plan to preserve and accumulate wealth and that’s going to vary from person to person,” he said.
“It is going to depend on your objectives and your risk tolerance.”
If you have high-interest debt such as a balance on a credit card, using your tax refund to reduce or eliminate that debt should be the priority…
But with household debt levels near record levels and interest rates starting to climb, the choice between saving or reducing the amount owed has become an increasingly important decision.
Those with refunds need to consider their whole financial picture when weighing the choice, said Andy Nasr, director and lead investment strategist at Scotia Wealth Management.
READ: Tax changes Canadians need to know before April 30
“This isn’t just about investing, it’s about really developing a plan to preserve and accumulate wealth and that’s going to vary from person to person,” he said.
“It is going to depend on your objectives and your risk tolerance.”
If you have high-interest debt such as a balance on a credit card, using your tax refund to reduce or eliminate that debt should be the priority…
Children flying solo? How to save on unaccompanied minor fees
– creditcards.com
When buying airfare for an unaccompanied minor, you may be able to pay with your card points and use a premium card’s travel credits to cover the added fees.
RBC says it has resolved technical problem with some credit card transactions
– canadianbusiness.com
TORONTO _ Royal Bank of Canada says it has fixed technical issues that affected some credit card transactions this morning.
Numerous people complained Friday morning via social media that their RBC Visa purchases were declined.
At least one person was able to use an RBC Mastercard as an alternative payment at the same location.
An RBC representative said mid-morning that the technical problem was investigated and resolved.
The bank said it regrets the inconvenience and encourages clients to contact RBC if they experience any issues with their cards.
Several people took to Twitter to complain about the inconvenience, starting about 7 a.m. Eastern Time _ about three hours before the bank said the problem had been fixed.
The post RBC says it has resolved technical problem with some credit card transactions appeared first on Canadian Business – Your Source For Business News.
Numerous people complained Friday morning via social media that their RBC Visa purchases were declined.
At least one person was able to use an RBC Mastercard as an alternative payment at the same location.
An RBC representative said mid-morning that the technical problem was investigated and resolved.
The bank said it regrets the inconvenience and encourages clients to contact RBC if they experience any issues with their cards.
Several people took to Twitter to complain about the inconvenience, starting about 7 a.m. Eastern Time _ about three hours before the bank said the problem had been fixed.
The post RBC says it has resolved technical problem with some credit card transactions appeared first on Canadian Business – Your Source For Business News.
