This Week in RWRDS October 25, 2024: The Highest Cash Back Credit Card Earn Rate in Canada + MORE Oct 25th

All about Canadian credit cards. Learn the ins and outs and get the latest news.
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These credit cards can help you save big on travel to Orlando + MORE Oct 29th

Orlando, Florida, is an expensive destination. A family of four could easily spend $1,000 per day on theme parks alone. It’s no surprise that for many families, visiting the city ends up being a once-in-a-lifetime opportunity. Despite its budget-busting costs, Orlando welcomed a record-breaking 1..... More »

American Express Cobalt Card: 46 new confirmed multiplier locations Oct 26th

Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 46 new locations being added today from Canada and the U.S.. This is our first update to multipliers list after the (sad) changes to outside of Canada locations although some U.S. locations still appear .... More »

Hold up, wait a minute! Up to 7% cash back? Neo Financial is in it to win it + MORE Nov 2nd

As we detailed in a previous post the yet to be released Neo Financial World Elite Mastercard is being tweaked but the information we had at the time of writing that article only told part of the story. Neo has since reached out to RWRDS Canada with the complete changes being instituted on the World.... More »

RWRDS Daily Update Oct 30: Last chance for increased welcome bonuses on the RBC ION Visa Cards and the WestJet World Elite Mastercard + MORE Oct 31st

Last chance for the increased welcome bonuses on the RBC ION Visa Cards and the WestJet RBC World Elite Mastercard & Earn up to 25,000 bonus Be Well points on Well.ca purchases. Check out today's points & miles updates here: The post RWRDS Daily Update Oct 30: Last chance for increased wel.... More »
This week we look at the revamped Neo World Elite Mastercard that now offers up to 7% cash back, the launch of  Moi Rewards  in Ontario and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Links for the topics […]
The post This Week in RWRDS October 25, 2024: The Highest Cash Back Credit Card Earn Rate in Canada appeared first on Rewards Canada.

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Wealthsimple Cash review 2024Wealthsimple Cash is a high-interest chequing/savings account that offers one of the highest interest rates in Canada. It has appealing yields and includes a prepaid Mastercard with no foreign exchange fee, so many consumers are naturally attracted to the account. Is it any good? The short answer is yes, but there are a few quirks to be aware of.

What is Wealthsimple Cash?

Wealthsimple started as a robo-advisor offering low-cost portfolio management, but it has since expanded to provide more products and services, such as self-directed investing (under Wealthsimple Trade), tax returns, mortgages and savings accounts. 

Wealthsimple describes the Cash account as a high-interest chequing account. That label is important: it’s what allows Wealthsimple to claim it offers the highest interest rate in Canada. (A few high-interest savings accounts, or HISAs, offer similar interest rates.) 

Wealthsimple also incentivizes customers to spend the money in their account by offering rewards on purchases, which is likely another reason it’s referred to as a chequing account instead of a savings account…

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