RWRDS Daily Update – August 21, 2024: The ultimate travel card trio for lower income brackets + MORE Aug 21st

The American Express® Business Gold Rewards Card has been a mainstay in American Express’ Small Business card portfolio and right now the card features one of the biggest bonuses in market. If you are looking at getting a big injection of points in a short period of time, you’ll want to get this card right away. Costs […]
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The Ultimate Travel Rewards Credit Card Portfolio for Lower Income Earners and Hyatt Hotels to acquire The Standard & Bunkhouse Hotels. Check out today’s points & miles updates here:
The post RWRDS Daily Update – August 21, 2024: The ultimate travel card trio for lower income brackets appeared first on Rewards Canada.

The PC Optimum rewards program lets you earn points redeemable for products at Loblaw-affiliated grocery stores, Shoppers Drug Mart, and Esso and Mobil gas stations. Earning and redeeming points is easy. There are lots of ways to earn points when you shop, and you can redeem 10,000 PC Optimum points for $10 off virtually anything available at participating stores. Just tell the cashier and the savings come off at the till. Savvy shoppers can accumulate even more points with a PC Money Account or by paying with one of three PC Mastercards. Read on to discover how to maximize your points with one of the best credit card rewards programs for grocery shoppers.

The value of PC Optimum points

At Loblaw grocery stores and Shoppers Drug Mart, PC Optimum points must be redeemed in 10,000-point increments, and 10,000 points have a value of $10. This means that 1 PC Optimum point is worth 0.1 cents, and 10 points are worth 1 cent. So, you can think of PC Optimum points as having a value of 1% when redeeming at these stores…

While I, myself, have never been tempted to consider taking out a reverse mortgage, it is a concept that may have appeal for some. It’s not for nothing that you see all those TV advertisements on Canadian and American channels. 

Despite the high profile, there’s not a huge number of reverse mortgage products available in Canada. The two main ones of which I’m aware are Equitable Bank and HomeEquity Bank (a.k.a. CHIP Reverse Mortgage). According to Canada.ca, reverse mortgages typically cost more than conventional mortgages and home equity lines of credit (HELOCs). This is because the borrower is not required to make payments, so the lender must wait years to get its money back—seven to 12 years, on average.

My personal take is that reverse mortgages should be considered only as a last resort for homeowners who really need a bit of tax-advantaged monthly income, who don’t have heirs to whom they can bequeath their estate, and who want to stay in their home as long as possible…

A frequent question we hear at MoneySense is: Which is better—Visa or Mastercard? When looking for a credit card, there are all sorts of things to consider. What is the interest rate? Can you collect rewards points or cash back for making purchases? Is there a bonus for signing up, and what perks and benefits does it include? Believe it or not, the answer to these questions is likely not going to depend on whether you go with a Visa or Mastercard. In this article, we’ll lay out the facts and show you why the badge on your plastic probably doesn’t matter.

Mastercard vs. Visa: 4 things to know

1. Visa and Mastercard don’t issue their own credit cards

It might seem counterintuitive, but neither Visa nor Mastercard directly distributes credit cards. Both of these companies are processing networks that partner with card issuers like banks, credit unions and other financial institutions to get their cards to the public. And it’s the actual card issuer, not the processing network, that sets most of the terms regarding interest rates, rewards and annual fees…