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The best grocery credit cards in Canada for 2023
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CardDetailsBest cash back cardScotia Momentum Visa Infinite*• 4% cash back on groceriesBest no-fee cash back cardBMO CashBack Mastercard*• No annual fee• 3% cash back on groceries, up to $500 per monthBest groceries and gas card (tie)CIBC Dividend Visa Infinite • 4% cash back on groceries and gasBest groceries and gas card (tie)Meridian Visa Infinite Cash Back Card• 4% cash back on groceries and gasBest card for shopping at Loblaw banner storesPC Financial World Elite Mastercard* • No annual fee• 30 PC points per $1 at stores under the Loblaw umbrellaBest points cardAmerican Express Cobalt* • 5 points per $1 on groceriesBest points card (runner up)Scotiabank Gold American Express*• 6 Scene+ per $1 spent at stores under the Sobeys umbrella • 5 points per $1 on food subscriptions and purchases at other eligible grocery stores

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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999…

A secured credit card can help individuals with limited or poor credit history to rebuild their credit scores. However, many Canadians are unsure of how secured cards differ from regular and prepaid credit cards. This article covers the basics of secured credit cards and explains when you might need one.
What Is a Secured Credit Card?
Secured credit cards work much like regular ones, but with one key difference: they require a refundable security deposit. This deposit acts as collateral, making it less risky for the lender to issue the card to someone with a low credit score or no credit history.
When you apply for a secured credit card, you’ll need to provide a security deposit, which is usually equal to the credit limit on the card. For example, if you apply for a $500 credit card limit, you’ll need to provide a security deposit of $500 upfront.
This security deposit is held in a secure account, like a savings account or GIC product. You won’t have access to those funds while you have the secured credit card in place…

This week we look at the first batch of Black Friday deals for travel and shopping, we discuss WestJet’s big international flight plans for 2024 and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Topics of discussion: RWRDS Canada’s […]
The post This Week in RWRDS: November 11 – 17, 2023 appeared first on Rewards Canada.

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The best gas credit cards in Canada for 2023
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Credit cardDetailsCIBC Dividend Visa InfiniteBest for cash back on gas• $120 annual fee• 4% cash back on gas and groceries• 2% on dining, daily transit and recurring billsTangerine Money-Back Mastercard*Best for cash back on gas with no fee• No annual fee• 2% cash back on unlimited purchases in two categories, including gas• 2% in up to two other spending categories TD Cash Back Visa Infinite*Best for roadside assistance• $139 annual fee• 3% cash back on gas (up to $15,000 annually)• Complimentary emergency road services through the TD Auto Club Deluxe membershipCanadian Tire Triangle MastercardBest for gas at Canadian Tire• No annual fee• Earn $0…

Coast Capital Savings is a BC-based credit union with a long history dating back to the 1940s. As a federally chartered credit union, it has expanded its services to members across Canada, offering a wide range of personal banking products and services.
If you’re unfamiliar with Coast Capital, you may wonder how it compares to other credit unions or online banks. In this Coast Capital Savings review, we’ll take a closer look at their products and services to help you decide if Coast Capital is right for you.
About Coast Capital Savings Federal Credit Union
Coast Capital Savings is one of the largest credit unions in Canada. The federally-regulated credit union has over 50 branches, 500,000 members, and $25 billion in assets under management.
Coast Capital Products
Coast Capital Savings offers a broad range of banking products and services, including chequing and savings accounts, credit cards, personal loans, mortgages, and investments. For the purpose of this review, we’ll focus on their personal deposit products…

Coast Capital Savings is a BC-based credit union with a long history dating back to the 1940s. As a federally chartered credit union, it has expanded its services to members across Canada, offering a wide range of personal banking products and services.
If you’re unfamiliar with Coast Capital, you may wonder how it compares to other credit unions or online banks. In this Coast Capital Savings review, we’ll take a closer look at their products and services to help you decide if Coast Capital is right for you.
About Coast Capital Savings Federal Credit Union
Coast Capital Savings is one of the largest credit unions in Canada. The federally-regulated credit union has over 50 branches, 500,000 members, and $25 billion in assets under management.
Coast Capital Products
Coast Capital Savings offers a broad range of banking products and services, including chequing and savings accounts, credit cards, personal loans, mortgages, and investments. For the purpose of this review, we’ll focus on their personal deposit products…

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The best store credit cards in Canada for 2023
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CategoryBest for stores under the Loblaw umbrella, including Loblaws and Shoppers Drug MartPC Financial World Elite Mastercard*Best for stores under the Canadian Tire Corporation umbrella, including Canadian Tire, Sport Chek and Mark’sTriangle MastercardBest for Amazon Amazon.ca Rewards MastercardBest for WalmartWalmart Rewards World MastercardBest for CostcoRogers World Elite Mastercard

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada…

Air Canada is looking to drum up some early bookings on their new Singapore route with this route bonus! Aeroplan members who register and book flights between Canada and Singapore by November 15 for travel in 2024 will earn up to 15,000 bonus points. The up to 15,000 bonus points offer: Earn up to 15,000 […]
The post Earn up to 15,000 bonus Aeroplan points on Air Canada flights to Singapore appeared first on Rewards Canada.

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The best no-fee credit cards in Canada for 2023
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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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If you’re looking for a new credit card, you’ll need to decide whether it will be a Visa, Mastercard, or maybe American Express. If it’s a Mastercard you’re after, it helps to know what cards are available. After all, your bank may only offer Visa credit cards.
To help you in your search, we’ve compiled a list of what we believe are the best Mastercard credit cards in Canada. In doing so, we’ve tried to include cards catering to different needs to help you find the perfect card. Note that we’ve arranged the credit cards in alphabetical order.
Best Mastercards in Canada
If you’re in the market for a new Mastercard credit card, you’ve come to the right place. Here is our list of 7 top Mastercards, arranged in alphabetical order.
BMO Air Miles World Elite Mastercard
Best For: Collecting AIR MILES
Key Features:

Welcome Bonus: 2,000 AIR MILES Bonus Miles, plus the $120 annual fee waived for the first year
$120 annual fee (waived for the first year)
20…

Credit Cards

The best cash back credit cards in Canada for 2023
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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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This weekend’s AIR MILES Flash Offer is a bonus for shopping online at your favourite retailers via AIR MILES Shops. The bonus requires members to opt-in which can be done right on the airmilesshops.ca home page. Then shop to your heart’s content to earn bonus miles as follows: 20 Bonus Miles for a purchase of […]
The post AIR MILES Flash Offer: Earn up to 400 bonus miles this weekend via AIR MILES Shops appeared first on Rewards Canada.

This week we have great news out of AIR MILES as they have finally added a cash plus miles redemption option for booking travel, we have new Amex and RBC transfer bonuses and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in […]
The post This Week in RWRDS: September 30 – October 13, 2023 appeared first on Rewards Canada.

When it comes to managing your finances and building a solid credit history, credit cards play a crucial role. But if you have no previous credit history or bad credit, getting approved for a regular credit card can prove challenging. That’s where secured credit cards come in.
In this article, I’ll explain how secured credit cards work and let you know how they are similar (and different) from regular credit cards.
What Is a Secured Credit Card?
A secured credit card is a type of credit card designed for people looking to build or rebuild their credit history. Unlike traditional credit cards, secured cards require you to provide a security deposit upfront, which acts as collateral in case you default on your payments.
This deposit lowers the risk for the issuer, making it easier for you to get approved for a secured credit card even with a poor credit history or no credit history at all.
When you use a secured credit card, your spending habits and payment history are reported to the credit bureaus just like a regular credit card…

This next chapter in RBC’s acquisition of HSBC was revealed in an email to us from the bank and it marks a sad day in the points and miles world. HSBC have officially closed off new applications for their cards, namely the top ranking HSBC World Elite Mastercard. While they may not be accepting new […]
The post HSBC no longer accepting new credit card applications appeared first on Rewards Canada.

Stash Hotel Rewards continues its expansion in British Columbia, New Amex Offers for Kitchen Stuff Plus and Brilliant Earth and 5 new confirmed Cobalt Multipliers locations. Check out today’s points & miles updates here:
The post RWRDS Daily Update – October 13, 2023 appeared first on Rewards Canada.

If you spend a lot of time on the road, whether commuting or shuttling kids around to their various activities, you understand how expensive gas is. Thankfully, you can save a lot of money at the pumps by using a gas credit card.
But with so many credit cards to choose from, how do you know which one will save you the most money at the pump? To help, I’ve compiled a list of the best credit cards for gasoline purchases in Canada.
The Best Gas Credit Cards in Canada
The following credit cards (listed in alphabetical order) have at least one thing in common: they all offer generous cash back rates and/or discounts on gasoline purchases. Some have other benefits that appeal to drivers, like roadside assistance memberships or car rental discounts.
BMO Eclipse Visa Infinite Card
Gasoline & Related Perks:

5X points on gas and transit purchases

Other Features:

5X points for groceries, dining out, takeout, and delivery
1 point per dollar spent on all other purchases

$120 annual fee (may be waived in the first year)
20…

Tired of paying monthly fees when you bank? If so, you may want to consider switching to a no-fee bank account. Unfortunately, Canada’s big banks offer little in the way of free chequing accounts, unless you can maintain a high balance in your account each month.
If you’re willing to consider dealing with a fintech or online bank, however, you can say goodbye to monthly banking fees, and earn interest on your spending money. To help you in your search, I’ve compiled a list of six top no-fee bank accounts in Canada.
Best No-Fee Bank Accounts in Canada
As you’ll see from the list below, the best no-fee bank accounts are offered by online banks and fintechs. While you can get a free chequing account with limited transactions from some of Canada’s big banks, they’re not competitive with the best no-fee bank accounts featured here.
1. EQ Bank Savings Plus Account
What We Like: Chequing and savings features in a single account
Key Features:

No monthly fees
Unlimited transactions
No minimum balance requirement
Unlimited debit purchases
Competitive savings interest rate
Unlimited e-transfers
Mobile cheque deposit
EQ Bank card
Free ATM withdrawals in Canada
No FX fees
CDIC coverage

EQ Bank’s Savings Plus Account offers free, unlimited banking and a high interest rate on the full account balance…

Mortgages

The best 5-year fixed mortgage rates in Canada
You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote.

I’m buying a home*

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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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When it comes to managing your finances, using the correct type of bank account is very important. But while the differences between a chequing account and a savings account may seem obvious to some, you would be shocked at the number of people who use their savings accounts for daily transactions or who keep piles of money in their chequing account earning zero interest.
During my banking career, I encountered numerous clients who paid hundreds of dollars in unnecessary banking fees just because they used the wrong type of bank account.
In this article, I explain the differences between chequing and savings accounts to clear up any confusion.
What Is a Chequing Account?
A chequing account is meant for daily banking transactions, including writing cheques, direct deposits, bill payments, ATM cash withdrawals, and debit card purchases.
Most banks charge a monthly chequing account fee, which can be waived if you maintain a minimum balance throughout the month. Depending on the bank, students and seniors may qualify for free banking up to a certain number of monthly transactions…

For nearly a decade now I have heard from hundreds of Canadians that the sole reason they have the WestJet RBC World Elite Mastercard is for the first checked bag free benefit. And rightfully so, that benefit can provide huge savings for individuals, families, infrequent or frequent flyers who check bags when they travel. For […]
The post Loyalty Lesson: When a credit card first checked bag free benefit isn’t free appeared first on Rewards Canada.

Travelling outside of Canada can lead to wonderful experiences, but it often comes with a few financial hassles. One primary concern for many Canadians is the added cost of foreign transaction fees on their credit card purchases. These fees, ranging between 2.5% and 3%, can affect your travel budget and make a dent in your overall spending power.
Fortunately, there are several credit cards in Canada that offer no foreign transaction fees as a key feature. By using these cards for your international purchases, you can save money on every transaction made in a foreign currency.
To help you find the right no foreign transaction fee credit card, I’ve compiled a list of a few of the best ones in Canada. I also explain how these credit cards differ from US dollar credit cards, which are another popular option.
The Benefit of a No Foreign Transaction Fee Credit Card
Whenever you make purchases with a Canadian credit card while shopping in a foreign country, a foreign currency exchange occurs at the moment of the transaction…

Ask MoneySense
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?

—Katerina

What is mortgage life insurance?

I’m glad that you noticed the life insurance you’re paying on your mortgage, Katerina. Many people don’t even know if their mortgage is insured or not in the first place. Click on your mortgage when online banking or check your most recent mortgage statement and you will most likely notice a reference to your mortgage being protected or insured or potentially not protected or not insured.

This insurance coverage is typically a combination of life insurance and disability insurance. In the event of death, the life insurance component of the policy pays off the outstanding mortgage. In the event of disability, the disability insurance component of the policy makes your regular payments.

Banks are prohibited from selling most types of insurance in their branches other than life and disability insurance on credit products…

We have our newest Loyalty Lesson which is when a credit card first checked bag free benefit is not free, the awesome new 60,000 mile bonus on the Air France KLM Mastercard and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in […]
The post This Week in RWRDS: September 16 – 22, 2023 appeared first on Rewards Canada.

Air Canada Aeroplan members can save on award flight redemptions made over the next two weeks with the airline’s biggest redemption sale ever since the program’s relaunch in 2020. Up to 25% off  award flights in North America Aeroplan members can save up to 25% on the required amount of Aeroplan points when they redeem […]
The post Aeroplan Flight Redemption Sale – Save up to 25% on award flights in North America appeared first on Rewards Canada.

Welcome to CB’s work-advice column featuring Emily Durham, a Toronto-based senior recruiter at Intuit, public speaker and content creator known for her funny and relatable TikToks about all things work. Each month, Durham answers reader questions on topics that affect our ability to thrive in our jobs, and offers her real-world insights on how to handle even the most rock-and-a-hard-place conundrums. Have a work-related question? Send it to editor@canadianbusiness.com.

Q: I’m really frustrated at work right now. My team recently had to pitch an idea to a client and I did about 80 per cent of the slide deck and the majority of the data analysis we presented. But after we successfully won the business, my co-worker sent an email to our team—including our boss—making it sound like she was the one who led the analysis work. I don’t want to seem petty, but I also don’t want anyone else taking credit for my work. What should I do?

Most people will spend 90,000 hours of their life working—that’s nearly 20 per cent of the average life span…

Spend

The best 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.

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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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If you travel frequently to the United States or purchase in US dollars, you may want to consider getting a US dollar credit card. US dollar credit cards allow you to spend and pay off your balance in US dollars, thus eliminating currency conversion fees at the time of purchase.
But while the Canadian banks and other financial institutions have US dollar credit cards in their lineup, you don’t hear much about them. They’re not as heavily promoted as premium rewards cards, which are more popular and profitable.
In this article, we’re putting Canada’s top US dollar credit cards in the spotlight to help you find the best card for you.
The 6 Best US Credit Cards in Canada
When you want a hassle-free way to manage your US dollar transactions, these credit cards can make your life much easier. Here’s a closer look at 6 of the best US dollar credit cards for Canadians
1. BMO US Dollar Mastercard
What We Like: Low annual fee with available rebate
Card Features:

$35 USD annual fee (Secondary card is free)
The following year’s annual fee is waived if you make $1000 USD in purchases with the card
20…

Canadian Platinum Cards will continue to receive unlimited access to Delta Sky Club lounges, we review the RBC Cash Back Preferred World Elite Mastercard and 15 new Cobalt Multipliers from across Canada. Check out today’s points & miles updates here:
The post RWRDS Daily Update – September 15, 2023 appeared first on Rewards Canada.