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MISSISSAUGA, Ont. – The Second Cup Ltd. (TSX:SCU) has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of its strategic options.
The company says proceeds from the loan will be used to repay its existing $6-million credi.... More »
Ends tomorrow! The best ever bonus when you convert Amex Membership Rewards points to Marriott Bonvoy points + MORE Jun 29th
A friendly reminder that American Express' bonus for transferring Membership Rewards points to Marriott Bonvoy ends tomorrow (June 30)! For this past month you have been able convert Membership Rewards points to Marriott Bonvoy and receive 30% more Marriott points. The regular conversion ratio is .... More »
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Just a friendly reminder that as of today you can earn 7x Aeroplan Miles for Apple store purchases. This offer only runs until November 8. Find out more here.RBC cardholders have a new set of offers that are available to them. You've seen us write about Amex offers and these are of the same manner.... More »
Receive up to a 30% discount when you buy Air Canada Aeroplan points + MORE Oct 15th
Aeroplan is out with a buy or gift points promotion where you can buy Aeroplan points with up to a 30% discount. This is a tiered discount that increases with the more points you buy and it runs until Nov 18, 2024 The up to 30% discount offer: Receive up to a 30% discount when […]
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The best credit cards for airport lounge access in Canada for 2023 + MORE Oct 5th
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The best credit cards for airport lounge access in Canada for 2023
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Citi refunding $700 million for credit card add-ons
– creditcards.com
Regulators ordered Citibank to refund $700 million to 8.8 million card holders for debt protection, credit monitoring and same-day payment fees
Citigroup Inc’s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.
What to do with a windfall
– moneysense.ca
Q: I am getting a small windfall soon. The money would pay off the rest of my mortgage which is just under 3%. It would also be enough to pay off my credit card debt, leaving a couple thousand to buy American dollars for my travel account. Should I play it safe and do the above or should I be opening up a TFSA account and contributing also to my RRSPs? Or should I be looking at purchasing a rental condo? I am 52 and my wife and I have both good jobs.
– Ed
A: I think that one of the best things you can do with a sudden windfall, Ed, is nothing. People often feel compelled to act right away. Or they are made to feel that way by financial advisors who have something to gain. Take your time and evaluate your options.
I think paying off your credit card debt is an easy one. I’d do that for sure.
Beyond that, the decision to pay down your mortgage is a tough one. You have a low-rate mortgage that may be even lower now given the rate cut last week by the Bank of Canada–if you have a variable rate mortgage…
– Ed
A: I think that one of the best things you can do with a sudden windfall, Ed, is nothing. People often feel compelled to act right away. Or they are made to feel that way by financial advisors who have something to gain. Take your time and evaluate your options.
I think paying off your credit card debt is an easy one. I’d do that for sure.
Beyond that, the decision to pay down your mortgage is a tough one. You have a low-rate mortgage that may be even lower now given the rate cut last week by the Bank of Canada–if you have a variable rate mortgage…
