All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
20% bonus when you convert Marriott Bonvoy points to Air Canada Aeroplan points + MORE May 20th
For the first time since 2019 we see a Marriott transfer bonus being provided by Air Canada's Aeroplan! Until the end of the month you can choose to convert your Marriott Bonvoy points to Air Canada Aeroplan and you'll receive a 20% bonus. The bonus kicks in when you convert at least 3,000 points fr.... More »
The best credit cards in Canada for 2025 + MORE Nov 13th
Canadians have no shortage of options when it comes to selecting a new credit card. Whether you’re looking at a Visa, Mastercard, or Amex from a fintech, big bank, or credit union, we’re here to help you sort through all your choices.
To make it easier to find the best credit card for you, we.... More »
The real costs of buying a car + MORE Mar 29th
The thrill of driving a new car off a dealer’s lot is appealing, but experts warn not to let the new car smell go to your head when it comes to borrowing money to make it happen.
Mark Kalinowski, a credit counsellor and financial educator at the Credit Counselling Society, says you need to know.... More »
6 money lessons I wish I knew in my 20s + MORE Apr 29th
Introducing Making It, a new column in which writer Sandy Yong aims to help young adults get their financial footing.
Being in your early 20s is full of exciting milestones, but it can also be a nerve-wracking time. With so much to learn—from choosing a career path to renting your first apartme.... More »
Earn up to 2,000 Aeroplan Points when you rent with Avis Mar 21st
One thing we haven't seen too much of from the new Air Canada Aeroplan program are bonus offers for flying (that one is a bit obvious as to why), hotel stays, car rentals and more. Yes, the current situation due to the pandemic in Canada and globally has curtailed travel and thus the promotion.... More »
The Difference Between a Secured and Unsecured Loan
– ratesupermarket.ca
The two most common types of loans are secured and unsecured loans. Whether you’re looking to borrow money for a new car or even a vacation, it’s best to understand your options before applying.
What is a secured loan?
Secured loans are generally more customizable and negotiable. They can have either have a fixed or variable interest rate and can last for a set or variable amount of time.
You can likely borrow a lot more at a lower interest rate with a secured loan, because you are generally required to put up some form of collateral for approval. A common example of a secured loan is a mortgage, in which your home is the collateral. If you are unable to make your mortgage payments, your house can be taken away, in what’s known as foreclosure.
And though your credit history will be considered, your current credit score doesn’t bare as much weight in the approval process. Secured loans can still be a great option for those who are having a hard time getting a loan due to their poor credit rating…
