There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
‘Extinct’ bird species reappeared on Indian Ocean island after 30,000-year gap, Brit researchers discover - The Sun + MORE May 12th
‘Extinct’ bird species reappeared on Indian Ocean island after 30,000-year gap, Brit researchers discover The SunBird That Became Extinct 136000 Years Ago Has Come Back From Dead The Daily Beast'Back From the Dead': Bird That Went Extinct 136,000 Years Ago Has Reappeared&nb.... More »
Canada’s Best Visa Credit Cards 2020 + MORE Nov 21st
When consumers shop for a new credit card, they typically look at the ability to collect points, the insurance coverage offered, fees and interest rates on unpaid balances—not at the credit card company itself. But if you already have an account with RBC, CIBC, Scotiabank or any other Visa issuers.... More »
Credit card bonus categories: What's ahead for 2019 + MORE Nov 30th
Two of the most popular cash back cards offer 5 percent bonus categories that rotate every quarter. With the calendar soon to roll over into 2019, it's a great time to re-examine them..... More »
Earn 5,000 bonus points for stays at Hyatt All Inclusive Resorts, an Air Canada discount code from American Express & the best Visa credit cards + MORE May 11th
Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposit.... More »
Auto loans for newcomers—questions to ask when buying your first car in Canada + MORE Dec 20th
Buying a car in Canada can be a daunting task for newcomers to the country, facing unique challenges like a lack of credit history, an unfamiliar selection of vehicles, new regulations, and new financing and insurance options. Below, we’ll dive into the important steps, tips and pitfalls to help n.... More »
What happened to Justin Trudeau’s all-star Cabinet?
– macleans.ca
Harjit Sajjan. (no credit)A single episode, no matter how demoralizing, shouldn’t be inflated into the story of a whole government. Still, the pummelling Defence Minister Harjit Sajjan took in question period and beyond—after he had to apologize for untruthful boasting about his role in a military operation more than a decade ago in Afghanistan—highlighted a problem far broader than Sajjan’s troubles: Prime Minister Justin Trudeau badly needs a few Cabinet ministers to start looking like stars.
Sajjan was supposed to be one. Appointing the rookie Vancouver MP as defence minister was among the bold moves that helped define Trudeau’s heady early weeks in power in the fall of 2015. The conventional choice for Defence would have been another newcomer to politics, retired general Andrew Leslie, who had led the army in which Sajjan merely served as a reserve officer. But Sajjan was the far cooler pick: a former Vancouver police detective, decorated for intelligence work against the Taliban in Kandahar…
How much you’d save with a low-interest credit card
– moneysense.ca
A recent TransUnion report finds the average Canadian held $4,094 in credit card debt in the fourth quarter of 2016, with almost half of them carrying a balance month to month. With the average rewards credit card interest rates hovering around 19.99%, it makes sense that 51% of Canadians are looking for low-interest credit card options.Low-interest credit cards are a great tool to save some serious money on your interest payments. Some cards for example, could have rates as low as 8.99% and 11.9%. This difference in interest rates can work out to thousands of dollars in interest savings in the long run if you tend to carry a balance.
Consider the two scenarios illustrated by Ratehub.ca below to see how much you could save with a low-interest card.
Keep in mind the calculations only take into account the beginning balance, not any additional spending that you might incur over the payback period.
Scenario 1: $4,000 balance, 19.99% interest rate
Scenario 2: $4,000 balance, 8.99% interest rate
Scenario 1 vs…
What the Home Capital crisis reveals about the housing market
– canadianbusiness.com
(Jonathan Hayward/CP)In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited credit history. “The team at Home Capital today is second to none,” Soloway said in a press release. “I know that the company is in great hands, and I am very confident in their ability to take Home Capital to new heights.”
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How Canada’s real estate market went completely insane
Since then, the company’s share price has plummeted 78 per cent, the deposits it relies on for funding are quickly evaporating and Home Capital’s future is in doubt. The problems started in July 2015, when the firm disclosed it had cut ties with 45 mortgage brokers after an internal investigation revealed that borrower income and employment information had been falsified in order to obtain loans…
What happened to Justin Trudeau’s all-star Cabinet?
– macleans.ca
Harjit Sajjan. (no credit)A single episode, no matter how demoralizing, shouldn’t be inflated into the story of a whole government. Still, the pummelling Defence Minister Harjit Sajjan took in question period and beyond—after he had to apologize for untruthful boasting about his role in a military operation more than a decade ago in Afghanistan—highlighted a problem far broader than Sajjan’s troubles: Prime Minister Justin Trudeau badly needs a few Cabinet ministers to start looking like stars.
Sajjan was supposed to be one. Appointing the rookie Vancouver MP as defence minister was among the bold moves that helped define Trudeau’s heady early weeks in power in the fall of 2015. The conventional choice for Defence would have been another newcomer to politics, retired general Andrew Leslie, who had led the army in which Sajjan merely served as a reserve officer. But Sajjan was the far cooler pick: a former Vancouver police detective, decorated for intelligence work against the Taliban in Kandahar…
