Arexl – Page 21 – arexl.com

Jun82026 by ArexlNo Comments

Tangerine Money

CREDIT CARDS

Prepared to dive into a Tangerine Money-Back Credit Card overview? Since its introduction, Tangerine credit cards have gained immense popularity due to their flexibility, allowing users to select up to three spending categories to earn extra cash back. While the ability to choose categories for increased cash back is indeed a noteworthy feature, it shouldn't be the sole factor in your decision-making process when selecting a credit card. Read through my Tangerine Money-Back Credit Card overview to explore the potential cash back earnings, the additional benefits offered, and how it stacks up against other options in the market. Tangerine Money-Back Card Apply Now No annual fee 10% c...

Jun82026 by ArexlNo Comments

Paysimply: Pay Taxes and Bills with Credit Cards

BANKING

Using a credit card to settle your income taxes, municipal taxes, or utility bills might seem impractical due to the associated service fees. Nevertheless, if your credit card offers a welcome bonus contingent upon reaching a minimum spending threshold, utilizing this approach can prove financially beneficial, despite the costs incurred. Paysimply.ca is the platform making this payment method viable. What is Paysimply.ca? Paysimply.ca is a web-based service that allows users to make payments via credit card—albeit with a fee—and transforms these transactions into electronic transfers accepted by various service providers. This feature is particularly useful for settling payments that typically require bank transfers, such as those directed to the Canada Revenue Agency, local municipaliti...

Jun82026 by ArexlNo Comments

Optimal Number of Credit Cards

PERSONAL FINANCE

A common question I receive is about the optimal number of credit cards to possess, but there's no single answer that fits everyone. The suitable number depends on personal financial circumstances, spending habits, and individual financial or travel aspirations. While some people may find that one or two cards suffice, others might gain advantages from having multiple cards to maximize rewards, improve their credit score, and utilize various welcome bonuses. Finding the right number of credit cards The number of credit cards that works best for you hinges on your financial management abilities, spending patterns, and goals. Start by evaluating your credit score along with your monthly expenses. A solid credit score and a record of timely payments indicate that managing multiple cards is...

Jun82026 by ArexlNo Comments

EQ Bank Evaluation

BANKING

I have revised my review of EQ Bank to include details about their newly introduced prepaid Mastercard, which doubles as a debit card. For those who may not be aware, EQ Bank is a digital financial institution known for consistently offering attractive interest rates. Customers do not need to hunt for promotional offers here; the rates are competitive year-round. While ensuring the safety of your funds is crucial, the quality of customer service is equally significant. EQ Bank aims to deliver enhanced banking experiences that help Canadians achieve their savings objectives more efficiently. Below is my review of the EQ Bank Personal Account. EQ Bank Apply now 2.5%* Interest rate No mon...

Jun82026 by ArexlNo Comments

Scotia Momentum VISA Infinite Card Overview

CREDIT CARDS

While the Scotia Momentum Visa Infinite Card remains one of the top cash-back credit cards in Canada, its overall attractiveness has diminished over time. This doesn’t imply that the card is no longer a strong option; rather, newer cards may provide superior perks or earning potentials. What stands out is that this card still boasts an outstanding earning rate along with excellent travel and purchase insurance features, making it still a viable choice for many consumers. Check out my review of the Scotia Momentum Visa Infinite to learn why it's among the best credit cards from Scotiabank in Canada. Scotia Momentum Visa Infinite Card Apply Now $120 annual fee – waived in the first year ...

Jun82026 by ArexlNo Comments

A Guide to Credit Card Interest Rates in Canada

BANKING

Credit cards serve as a prevalent financial resource for Canadians, yet numerous users lack a comprehensive understanding of how interest operates and the reasons behind its rapid accumulation. In Canada, the standard credit card interest rates fall between approximately 19% and 29.99% annually. Interest is imposed when a balance extends beyond the grace period. Gaining insight into these interest rates can assist you in sidestepping avoidable expenses and making more informed debt management decisions. Understanding Credit Card Interest Rates Interest rates on credit cards represent the fees incurred when borrowing funds via a credit card while retaining a balance month after month. Canadian credit cards typically impose interest rates that range from 1% to 29.99%, with some cards possi...

Jun82026 by ArexlNo Comments

Minimum Credit Card Payment in Canada

PERSONAL FINANCE

Upon reviewing your credit card statement, you'll observe a stipulated minimum payment required on a monthly basis. While the notion of settling only this minimum amount can be enticing, such an approach can prolong your debt payoff span significantly, often resulting in high interest repayments. Although it's crucial to aim for paying off your entire balance monthly, gaining a clear understanding of how minimum payments function is equally essential. Minimum payments on credit cards are generally calculated based on either a percentage of your outstanding balance or a fixed dollar amount, whichever is higher. The specific percentage for minimum payments can vary by financial institution, typically falling within the range of 3% to 5%. Grasping this information can empower you to make s...

Jun82026 by ArexlNo Comments

RBC ION+ Visa Card Review

CREDIT CARDS

The RBC ION+ Visa Card is a credit option that tends to be overlooked, despite offering significant benefits. Cardholders can earn substantial rewards in key spending categories such as dining, food deliveries, and groceries. It also provides mobile device insurance, making it a solid choice for a modest monthly fee of just $4. However, the card does face some limitations with its rewards program. Users earn Avion points, which are tiered into three categories, with the ION cards earning the least valuable points. Nevertheless, your points maintain a level of versatility, and there’s an opportunity to elevate them to a higher tier. Check out my comprehensive RBC ION+ Visa review for more details. Welcome Bonus and Earning Rate The RBC ION+ Visa credit card often provides a welcome bonus...

Jun82026 by ArexlNo Comments

Using Canadian ZIP Codes for Credit Card Transactions in the U.S.

BANKING

Canadian travelers frequently encounter a technical hurdle when attempting to use their credit cards at gas stations or online retailers in the U.S. that require a ZIP code. Unlike American payment systems that recognize only five-digit numeric ZIP codes, Canadian postal codes include both letters and numbers. A straightforward workaround allows you to navigate this issue easily. By extracting the numbers from your postal code and appending two zeros at the end, you can generate a five-digit code that is acceptable to many American payment systems for Canadian credit cards. Understanding Canadian Postal Codes The Canadian postal code comprises six alphanumeric characters and is essential for effective mail delivery. It follows a specific format: Letter, Number, Letter, Number, Letter, N...

Jun82026 by ArexlNo Comments

Maximizing Avion Rewards Points and Perks for Canadians

PERSONAL FINANCE

The Avion Rewards program, launched by the Royal Bank of Canada (RBC), is a loyalty initiative designed with Canadians in mind, simplifying the process of accumulating and utilizing points. As a member, you have the opportunity to accrue points on everyday expenses and enjoy various redemption options, including travel, products, and financial rewards. By understanding the program's mechanics and making well-informed decisions, you can optimize your point potential, thereby enhancing your banking experiences. Value of Avion Rewards Points The worth of Avion Rewards points varies based on your redemption choice. Typically, travel redemptions yield the best value, averaging 1 cent per point when converting 1,000 points into $10 toward travel. However, by utilizing the Air Travel Redemptio...