How to go about securing the best rate and plan for your credit card in Canada.
Latest News
EQ Bank aims to become a household name + MORE Feb 20th
Canada’s seventh-largest bank is a lender the vast majority of Canadians have never heard of. It has no branches, credit cards, or wealth management offerings.
That could all soon change, says Chadwick Westlake, who became chief executive of EQ Bank last August and already announced a transform.... More »
The online holiday shopping bonus season is here! It's time to earn more miles, points and cash back Nov 7th
Halloween is done and the Christmas Holiday shopping season is now in full swing! With that comes the opportunity to earn a bunch more miles and points when you shop online. We've seen numerous bonus offers come out for shopping online via airline and cash back shopping portals this week. Be .... More »
RWRDS Daily Update – October 3 + MORE Oct 4th
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. On top of the Small Business Shop Small Amex Offer there were other Amex Offers for consumer cards that came out today. These are the offers: Spend at least $125 in.... More »
The best Mastercard credit cards for 2023 + MORE Sep 20th
Spend
The best Mastercard credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
Top Cash Back Credit Card Sign Up offers for August - These cards provide the best value out of their welcome bonuses Aug 3rd
Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of August 2022. This is not a 'best' credit card list like our Top Cash Back Credit Card rankings but instead a look at cards that have very good acquisition (welcome/sign up) offers. As always when choosing .... More »
July 8 Update: Flair Airlines announces flights to six U.S. cities, update on new Marriott Hotels in Canada & Neo Financial now has a page on Rewards Canada
– RewardsCanada.ca
Here’s your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Flair Airlines announced that starting this October the airline will fly between 8 Canadian cities and 6 U.S destinations: Fort Lauderdale, Orlando-Sanford, Phoenix-Mesa, Hollywood-Burbank, Palm Springs and Las Vegas (Source Flair Airlines) Halifax, Montreal, Kitchener-Waterloo, Toronto, Vancouver,Calgary, Ottawa and Abbotsford will receive service to a variety of the U.S cities tarting this October.The ultra-low fares will start between $79 to $109CAD one-wayAs Flair Airlines is an Ultra Low Cost Carrier they don’t have their own loyalty program but flights on Flair are perfect for those any airline any time proprietary credit card programs. Programs like HSBC Rewards, Scotia Rewards and Amex’s Membership Rewards will let you book and pay for flights on your respective credit card and as soon as that charge shows up you redeem your points towards it! Easy as that and since Flair tends to have such low fares those aforementioned programs as some of your best bets since you don’t have to redeem a set amount of points like seen in the RBC Avion and CIBC Aventura programs…What’s the Difference Between a Loan and a Line of Credit?
– canadianfinanceblog.com
Depending on your financial journey, there may be times when borrowing money makes sense. But what type of credit option you choose will depend on your goals and what you need the money for. Not sure what the difference is between a loan and a line of credit? This breakdown should help.
What Is a Loan?
A loan is a specific amount of money provided to a borrower (you) by a lender. Loans are provided based on a particular need (think a mortgage or car loan) and the borrower’s creditworthiness.
Here are some examples of typical loans for specific needs:
What Is a Loan?
A loan is a specific amount of money provided to a borrower (you) by a lender. Loans are provided based on a particular need (think a mortgage or car loan) and the borrower’s creditworthiness.
Here are some examples of typical loans for specific needs:
Mortgage
Student
Business
Automobile
Debt consolidation
Home improvement
Loans are lump-sum amounts provided for one-time use. They are not revolving credit. The interest begins to accumulate on the total amount immediately once the loan is advanced.
Payments on loans include a portion that goes to interest and a part that goes towards paying down the principal.
Benefits of Loans
When comparing loans to lines of credit, loans have specific benefits…
