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
You can now earn and burn Aeroplan Miles on Azul Brazilian Airlines + MORE Jul 9th
A major decline in travel due to the current global pandemic has not stopped Air Canada's Aeroplan from growing the program for future travel. It was only a few short weeks ago the program announced their partnership with Etihad Airways and as of today they have added another airline, Brazil's Azul .... More »
Top 5 Credit Card Sign Up offers for April - These cards provide some of the best value out of their welcome bonuses + MORE Apr 7th
Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of April 2020! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (welcome/sign up) offers. As always when choosing a card you s.... More »
Haven’t you damaged your credit card products enough? More negative changes coming to BMO cards Nov 13th
For long time readers of RWRDS Canada you know I have no love lost with BMO. Out of the big 5 banks they have been the absolute worst in devaluing, changing and shadily marketing their products over the past decade or so. Now, we get even more negative changes from this bank, whose cards don’t.... More »
The best BMO credit cards in Canada 2022 + MORE Mar 31st
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
Personal loan versus line of credit: Which should you choose? + MORE Mar 8th
Life is full of big expenses. If you ever need a new car, have a home emergency or simply want to take a vacation, might consider getting credit to pay for it. Both personal loans and lines of credit are ways to borrow money for large spends, but there are some significant differences between the tw.... More »
Canada can and should run fatter budget deficits, economists say
– theglobeandmail.com
Won't threaten credit rating, economists say
What to pay off first: mortgage or line of credit?
– moneysense.ca
Q: We are currently in position to either pay down our lines of credit or pay down our mortgage. We recently sold one property and renovated and moved into another. The lines of credit were used to help renovate the property we just moved into. We now find ourselves in a debt vs debt standoff. Do we use the money to pay off the mortgage, leaving us with about $70,000 owing and about $150,000 on a line of credit, or do we tackle the line of credit, which would leave us with $15,000 in the bank and a $290,000 remaining mortgage? — Debt vs. Debt, Aurora, Ont.
Answer 1: As with any debt, pay off the one with the highest interest first. Mortgages tend to have unfavourable interest and compounding structure, making them the better bet to pay down first. Lines of credit have more simple interest calculations, making them easier to pay down over time. I have clients who have taken out lines of credit to pay off their mortgages, once they got low enough. If you create a spreadsheet and calculate the total interest paid on the mortgage and the lines of credit, the answer will be obvious…
Mastercard plans to let you pay for stuff with selfies
– moneysense.ca
AMSTERDAM – Starting this summer, Canadian Mastercard holders will be able to pay for their online purchases using a selfie or a fingerprint instead of a password.
After a pilot project in the Netherlands, the credit card company says it plans to roll out the technology in Canada, the U.S. and parts of Europe.
Mastercard says biometric payments — which use characteristics such as their fingerprints, voice or facial features to identify users — are more convenient and secure than passwords.
Relax, mobile banking is safer than you think »
During the pilot project, participants in the Netherlands were required to download an app in order to use the technology.
Mastercard Netherlands says it’s now looking at ways of integrating the technology into the apps of banking and tech giants to make the process even simpler for consumers.
Details surrounding the Canadian iteration of the service are not yet available.
The post Mastercard plans to let you pay for stuff with selfies appeared first on MoneySense.
After a pilot project in the Netherlands, the credit card company says it plans to roll out the technology in Canada, the U.S. and parts of Europe.
Mastercard says biometric payments — which use characteristics such as their fingerprints, voice or facial features to identify users — are more convenient and secure than passwords.
Relax, mobile banking is safer than you think »
During the pilot project, participants in the Netherlands were required to download an app in order to use the technology.
Mastercard Netherlands says it’s now looking at ways of integrating the technology into the apps of banking and tech giants to make the process even simpler for consumers.
Details surrounding the Canadian iteration of the service are not yet available.
The post Mastercard plans to let you pay for stuff with selfies appeared first on MoneySense.
Home Depot sales beat expectations on recovery in housing market
– theglobeandmail.com
Company gained from rising home prices, combined with job, wage and credit growth that has prompted consumers to spend more money on improving their homes
