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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September 19 Update: Exclusive Bon Jovi Concert for Aeroplan status members, Air France Seat Sale, 9 new bonus offers Sep 20th
News, Tips & TricksReceived this from Aeroplan today! Similar to the Marriott Rewards Demi Lovato/DNCE offer we let you know about last week!Aeroplan today introduced a new Exclusives reward where Aeroplan members with status can redeem their Miles for an incredible live music performance with.... More »
Can your card company impose a new annual fee on you? + MORE Mar 8th
Card issuers can make changes to their products, such as start charging fees on otherwise no-fee cards. These are your options when hit with a new fee on your credit card..... More »
RWRDS Daily Update – July 3, 2024: New AIR MILES bonus offers for Shell + two new Amex Offers + MORE Jul 4th
Two new AIR MILES bonus offers for Shell and two new Amex Offers statement credits for Bay Bloor Radio & Michael Hill. Check out today's points & miles updates here:
The post RWRDS Daily Update – July 3, 2024: New AIR MILES bonus offers for Shell + two new Amex Offers appeared first on R.... More »
Why now is the right time to get the Platinum Card from American Express + MORE Jul 29th
With its $699 annual fee the most expensive publicly available card in the Canadian market is The Platinum Card® from American Express. Right away that number seems to turn many people away but in reality, if you do any travel, and it doesn't have to be a lot of travel - paying.... More »
Reminder: Two weeks left to grab the Tangerine Money-Back Credit Card with 4% cash back + MORE Oct 18th
The limited time increased sign up bonus for the Tangerine Money-Back Credit Card will be come to an end in two weeks on October 31. This limited time offer provides 4% cash back in two categories that you select (three categories if you choose to deposit the cash back into a Tangerine savin.... More »
The Best 0% Balance Transfer Credit Cards of 2016
– canadianfinanceblog.com
One of the best weapons you have in your battle against debt is the 0% credit card balance transfer. With the right credit card, you can get a 0% rate for a few months. During this time, it’s possible for the entire amount of your debt payment to go toward getting rid of your balance. This speeds things up since your payment isn’t being eaten up by interest charges.The best balance transfer credit cards allow you to make significant progress in your debt pay down efforts. Use these credit cards as a tool in your debt repayment plan and they can speed up your debt payoff and save you money over time.
MBNA Platinum Plus MasterCard Credit Card – The Platinum Plus MasterCard offers you a 0% interest rate for an full 12 months, making it the best balance transfer credit card in Canada. That’s an entire year available to help you demolish your credit card balances. There is a 21-day grace period, and the regular interest rate is 17.99% on purchases. However, balance transfers have a rate of 19…
Using an EIN to apply for a card, build business credit
– creditcards.com
A small business can start building credit with a home improvement store credit card, but be sure you’re doing it for the right reasons
Cash out your emergency fund
– moneysense.ca
Lots of experts suggest saving six months’ living expenses for emergencies like a job loss or an illness. But if you’re in a financially stable household it makes more sense to use that money elsewhere, and open a line of credit to draw on in the event of a crisis. “Holding a large amount of cash as an emergency fund can be a real waste,” explains Toronto fee-for-service planner Jason Heath. “If you have cash and debt, your cash won’t earn nearly the return that your debt is costing you—meaning, you’re falling behind.” Consider what happens if you take $20,000 of emergency money from your high-interest saving account and instead apply it to your mortgage in the following example:
Over the course of 10 years, you’d lose out on more than $6,400 in interest savings if you go the cash route. But even if you don’t have debt, notes Heath, why hold cash when you can get your money working for you by investing it? Provided you don’t fall into the trap of constantly raiding your line of credit instead of using it as an occasional emergency fund, that’s always the wiser choice…
