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

– RewardsCanada.ca

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 […]
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Wealthsimple Cash review 2024

– moneysense.ca

Wealthsimple 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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