CREDIT CARDS

The RBC Cash Back Preferred World Elite Mastercard stands out as RBC's premier cash back card. Instead of offering elevated earning rates in specific categories, it provides a straightforward 1.5% cash back on all purchases. While this might be satisfactory for some, it may leave others wishing for higher rewards. Explore this review of the RBC Cash Back Preferred World Elite Mastercard to determine whether it should be part of your wallet. Welcome Bonus and Earning Rate Typically, the RBC Cash Back Preferred World Elite Mastercard offers no welcome bonus. Given its annual fee of $99, many would anticipate a more enticing cash back offer upon sign-up. Even cards without annual fees often feature a small welcome bonus, making the absence of one here a bit disappointing. Despite its lack ...

For Canadians, credit cards are a widely used financial instrument, yet many users lack a clear understanding of interest and how quickly it can accumulate. In Canada, credit card interest rates typically fall within the range of 19% to 29.99% annually. Interest is imposed when a balance is left unpaid beyond the grace period. Gaining knowledge about these rates is crucial for avoiding extra charges and making informed debt management decisions. Understanding Credit Card Interest Rates Interest rates on credit cards are the fees incurred for borrowing money when balances are carried over from one month to the next. Most credit cards in Canada impose rates between 1% and 29.99%, although some may feature rates outside these boundaries. Deciphering the Annual Percentage Rate (APR) The an...

For many Canadians, credit cards serve as a vital financial instrument, yet a significant number of users remain unsure about the intricacies of interest accumulation and its rapid escalation. In Canada, annual credit card interest rates typically fall between 19% and 29.99%. Interest charges apply when a cardholder maintains a balance beyond the grace period. Gaining insight into how these rates function can help you avoid added expenses and make informed decisions regarding debt management. Understanding Credit Card Interest Rates Credit card interest rates represent the fees incurred for borrowing against your credit limit when balances are carried over month after month. Canadian credit cards typically feature interest rates ranging from 1% to 29.99%, although some cards may exist ou...

In our review of the Scotiabank Gold American Express, you will discover the reasons why this card is heralded as one of the top travel credit cards available in Canada. Featuring an impressive earning rate, an attractive welcome bonus, and zero foreign transaction fees, this card stands out, particularly for those who frequently charge their expenses and enjoy traveling. It's a favored option among avid points collectors. Scotiabank Gold American Express®Card Apply Now Annual fee: $120 30,000 Scene+ points after $2,000 spent in the first 3 months 20,000 Scene+ points after $7,500 spent in the first year Earn 6 Scene+ points per $1 at Empire-owned supe...

In this review of the Scotiabank Gold American Express, you will discover why it ranks among the top travel credit cards available in Canada. With an excellent earning potential, a substantial welcome bonus, and zero foreign transaction fees, this card is an ideal option for avid spenders and travelers, making it a favorite among points collectors. Scotiabank Gold American Express®Card Apply Now $120 annual fee 30,000 Scene+ points when you spend $2,000 in the initial 3 months 20,000 Scene+ points for spending $7,500 in the first year Earn 6 Scene+ points for every $1 spent at Empire-owned supermarkets Earn 5 Scene+ points for every $1 ...

In Canada, many credit cards impose a 2.5% fee on foreign currency purchases. Although this fee may appear minimal, it can accumulate significantly during overseas trips or when purchasing from international merchants online. Opting for a credit card with no foreign transaction fees can result in considerable savings. If you plan to spend a few thousand dollars abroad or on foreign goods, you could avoid hundreds of dollars in fees. These cards frequently provide extra travel benefits, making them an ideal choice for Canadians who travel internationally or shop globally. Top No Foreign Transaction Fee Credit Cards in Canada Credit CardAnnual Fee Scotiabank Passport Visa Infinite Card$150 Scotiabank Gold American Express Card$120 EQ Bank Card$0 Home Trust Preferred Visa...

Canadian travelers frequently encounter a technical hurdle when attempting to use their credit cards at U.S. gas stations or online shops that require ZIP codes. Unlike Canadian postal codes, which comprise both letters and numbers, American systems are built to recognize only five-digit numeric ZIP codes. Fortunately, there is a straightforward method to navigate this situation with ease. You can take the numerical components from your postal code and append two zeros at the end, forming a five-digit code that many U.S. payment systems will accept for Canadian credit cards. Understanding Canadian Postal Codes A Canadian postal code is a six-character identifier that plays an essential role in your mailing address. It follows a specific format consisting of alternating letters and numbe...

While booking flights within the WestJet network, you might have noticed the option for a companion voucher. This unique feature allows you to purchase one regular fare and add a second passenger at a significantly reduced rate, usually set at $119, $199, or $399 CAD plus applicable taxes and fees, which varies by route. To utilize this voucher, it is necessary to book a fare on a flight operated by WestJet. The discounted companion fare can then be applied to the second traveler on the same booking. Be sure to familiarize yourself with the process to acquire the voucher and the associated terms regarding eligibility, route constraints, and reservation guidelines prior to your journey. Obtaining a WestJet Companion Voucher Acquiring a WestJet companion voucher is straightforward, especi...

To kick off my review of the Tangerine World Mastercard®, I must say that it’s an excellent option. This card stands out as one of the few that allows you to select your cash back categories while also lacking an annual fee. Although it bears similarities to the Tangerine Money-Back Card, there are distinctions worth noting before you apply. Continue reading my review for comprehensive insights. Tangerine World Mastercard Apply Now No annual fee Receive $100 in cash back after spending $1,500 within the first 3 months. 2% cash back on up to three selected categories 0.5% cash back on all other transactions Mobile device insurance ...