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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Air France KLM Flying Blue Promo Awards - Save 25% on award tickets between Calgary, Toronto, Vancouver & Europe + MORE Jul 4th
The newest set of Air France KLM's Promo Awards went last Friday and for us Canadians this set has three cities for us! We haven't seen a Canadian city in the Promo Awards list since February so this is great news. With promo awards the discount ranges from 25 to 50% off the regular amount of mil.... More »
Tropical destinations: 4 exotic islands to escape winter using points Jan 19th
Cold, frosty winter days call for sunny afternoons in far-off destinations. Here are four exotic islands you can escape to by using miles and points from your rewards credit cards..... More »
A look at the great value provided with the Annual Worldwide Companion Pass from Aeroplan's Ultra Premium Credit Cards + MORE Jan 27th
In this "A look at the value' post we welcome back Rewards Canada contributor Dee who delves into the value that can be received from the Annual Worldwide Companion Pass benefit on select Aeroplan co-brand credit cards. This pass is an annual benefit available on four Ultra Premium Air Canada.... More »
August 17 Update: Last day before Marriott Rewards & Starwood Preferred Guest integration, 2x Mileage Plan miles between Vancouver & Frankfurt + MORE Aug 18th
Today is your last day to book hotel stays (paid or reward) separately from the Marriott Rewards and Starwood Preferred Guest programs. As of tomorrow the programs will be integrated. If you have been holding out to book a reward stay and it's at a hotel that is going up in price as of tomorrow y.... More »
Great new offer on the Scotia Momentum VISA Infinite card - 10% back for first three months & first year free Jan 18th
We see the return of a very popular offer for the Scotia Momentum Visa Infinite Card. Right now for new applications Scotia will award you with 10% cash back on all purchases up to $200 cash back in the first three months. Not only that but they will waive the first year annual fee of $120 .... More »
May 29 Update: Podcast 29 is available for download, up to 25% off Priority Pass memberships, Double Aeroplan Miles on select Air Canada routes
– RewardsCanada.ca
News, Tips & TricksEpisode 29 of the Rewards Canada Weekly Roundup Podcast is out now! We discuss the Scotiabank Platinum American Express as the sleeper card in the Canadian premium card market, Amex dropping minimum income requirements, the Alaska Airlines Groupon Partnership and more. Download and subscribe to the podcast here!Priority Pass, the world’s largest 3rd party airport business class lounge program is celebrating their 25th Anniversary with up to 25% off their annual memberships. You can learn more about Priority Pass and this offer in our Guide to Business Class Lounge Access or head straight to Priority Pass to get in on this deal. This offer is valid until June 30. Another AIR MILES Coupon for you if you need to shop at Rexall over the next few days. 50 bonus miles for a $30 spend. Get the coupon here. Posts since our last update: Earning Stories: IHG Rewards Club Spring Bonus – 4,832 Points for a negotiated group rate stay Welcome to the next post in the Earning Stories series right here on Rewards Canada…Using pension money to pay down debt
– moneysense.ca
Q: My husband is 65 and will soon be “paid off” to retire. The reason he’s still working is because we still have a sizable credit line debt of $50,000. (no mortgage or credit card debt). My husband will have a healthy DC pension that could pay us about $25,000 a year if we buy an annuity. As all the experts say you shouldn’t retire with debt, I was thinking of taking out the amount we owe from my small private pension and paying off the debt. I know that I will be hit with taxes but at least we will be debt-free. What is your opinion on this?
— Judy M.
A: Paying off debt is an effective part of your overall retirement readiness although it doesn’t have to be absolute. In today’s low-interest environment, servicing debt is quite cheap so paying extra tax unnecessarily may be more expensive than the debt interest payments.
Start by ensuring you are paying the lowest interest rate available. Taking out a Home Equity Line of Credit (HELOC) will reduce your interest rate to 3…
— Judy M.
A: Paying off debt is an effective part of your overall retirement readiness although it doesn’t have to be absolute. In today’s low-interest environment, servicing debt is quite cheap so paying extra tax unnecessarily may be more expensive than the debt interest payments.
Start by ensuring you are paying the lowest interest rate available. Taking out a Home Equity Line of Credit (HELOC) will reduce your interest rate to 3…
Making long-term return forecasts
– moneysense.ca
I had the great pleasure of speaking to many of you at the MoneySense Roadmap to Riches event last weekend. I was particularly encouraged to see a large number of young investors in the audience. It’s always a pleasure to see young people taking charge of their finances early in life.
Afterwards I was asked what my expectations were for the market, and the couch potato portfolio, over the next 10 years, or so. It’s an interesting question and one that investors would love to know the answer to—both in advance and with certainty. Alas, it is something that I’m less than certain about. But I can try to entertain you with a few wild—or at least somewhat educated—guesses.
First, one can take the naive approach and guess that future returns will be similar to historical returns. The Credit Suisse Global Investment Returns Yearbook for 2017 reports that an index of the world’s stocks provided an average annual real return of 5.1% from 1900 through 2016. Bonds gained 1.8% annually and Treasury bills gained 0…
Afterwards I was asked what my expectations were for the market, and the couch potato portfolio, over the next 10 years, or so. It’s an interesting question and one that investors would love to know the answer to—both in advance and with certainty. Alas, it is something that I’m less than certain about. But I can try to entertain you with a few wild—or at least somewhat educated—guesses.
First, one can take the naive approach and guess that future returns will be similar to historical returns. The Credit Suisse Global Investment Returns Yearbook for 2017 reports that an index of the world’s stocks provided an average annual real return of 5.1% from 1900 through 2016. Bonds gained 1.8% annually and Treasury bills gained 0…
