Credit Cards

Best Cash Back Credit Cards in Canada 2017

thebestcashbackcreditcardsincanada.jpg

You could be earning up to 3x the cash back by choosing the best cash back credit card compared to just walking into your bank and taking whatever one they offer you.

For example, if your family spends a reasonable $25,000 annually on credit, you would net $125 in cash after fees with the worst cards. The top ranked card on my list would earn you $411 every year - big difference, eh?

But, there's more than just max cash to consider...

You also need to think about annual fees, sign up bonuses, increased cash on purchases like gas and groceries, insurance coverage, and other perks. Not to mention subtle details like how the cash back is paid to you (statement credit, cheque, direct deposit), caps and tiers on your earnings, and how often the cash is paid out.

I've taken all these things into account - and more - with my unbiased ranking system. You won't find that anywhere else.

2017 Cash Back Credit Card Rankings

Keep reading » about Best Cash Back Credit Cards in Canada 2017

Canadian Rewards Programs: Are You Loyal?

canadianrewardsprogramsareyouloyal.jpg

Rewards programs are meant to create loyalty…

Repeat customers and repeat business are the name of the game.

But my experience has been that it doesn’t pay to be loyal. Shopping around for both the best prices AND the best rewards bonuses and perks is 100% the way to go...

IF you’re willing to invest the time.

A quick check shows that I am currently a member of at least 30 rewards programs. I don’t use them all on a regular basis - I have my favourites just like anyone. (Don’t miss my top 5 below.)

Then, there’s other times when rewards programs just aren’t worth it.

But, I do try to keep my eyes open for amazing opportunities in any one of those 30+ programs. If they make me an offer I can’t refuse - then I’ll take it!

That said, it’s hard to know what’s out there and targeted specifically at Canadians. I’ve put together a pretty comprehensive list below - please add any I missed in the comments!

Cash Rewards For Shopping Online

Keep reading » about Canadian Rewards Programs: Are You Loyal?

Free Gift Card Offers (Up To $100 To Popular Stores)

free_gift_card_offers_up_to_100_to_popular_stores2.jpg

I've been touting free gift card offers on this site for a long time now: see here, here, and here. Most of them have been a free $100 gift card to Amazon.ca or another popular Canadian store in return for applying for an awesome credit card that earns you even more free money in cash back or travel rewards.

These credit cards usually also come with no annual fee (at least for the first year) and sometimes a hefty points sign up bonus to boot. Then, after the first year, there is no obligation to continue with the card if you decide it isn't for you. It's really a fantastic deal and one I've taken advantage of several times myself.

Since this has become a pretty regular thing, I thought I should make a permanent page that lists legitimate free gift card offers that I am aware of and will continue to update at the beginning of every month.

Proof That It Works

Keep reading » about Free Gift Card Offers (Up To $100 To Popular Stores)

Your Free Money - 14 Ways To Claim It Now

yourfreemoney-14waystoclaimitnow.jpgIs free money too good to be true?

If someone comes up to you and offers you free money, no strings attached - what would you do?

I know. You’d probably keep walking in the other direction…But here’s the thing:

There is actually a ton of free money available to most Canadians just waiting to be taken advantage of.

But first - let’s answer a couple of questions...

Where does (legit) free money come from?

It could come from the government, your employer, a business looking for new customers - or simply by choosing to give your bank less money (because they have enough of it for goodness sake!).

What do I require from you to get access to all this money?

The willingness to spend a little time and take ACTION. You need to get organized and follow through on making some simple changes to your life. Then, watch the free money and savings start rolling in.

If that sounds good to you - then let’s get started.

A Note About Claiming Your Free Money

Keep reading » about Your Free Money - 14 Ways To Claim It Now

Intro To Points And Miles For Travel Hacker Wannabes

introtopointsandmilesfortravelhackerwannabes.jpgTravel hacking is like some sort of mystical promised land flowing with milk and honey…

It portrays a life spent floating in first class suites in the sky, free gourmet food and drinks galore, and unlimited hotel upgrades to fancy hotel rooms complete with turn down service and a chocolate on your pillow every night - all practically free - *sigh*...

The truth is, achieving all of that is a lot of work and requires jumping through all kinds of hoops. Many beginners get put off by the crazy language barrier (hello acronyms!), the insane points strategies, and the attention to detail it takes to pull it all off.

The upside is you CAN start small and work your way up.

This guide will ease you into the points and miles game. You'll learn to earn miles faster and redeem them smarter so you can jet off on your next vacation much sooner than you ever thought possible. Keep reading » about Intro To Points And Miles For Travel Hacker Wannabes

12 Easy Ways To Increase Your Credit Score

12easywaystoincreaseyourcreditscore.jpgCredit scores are important - really important actually - but most people don’t even know what theirs is. Don’t let that be you…

Even if you don’t know your score, there are some basic things you can do to keep it healthy.

But, why should you even care?

Credit scores are increasingly being used for more than just loan applications - that’s why. I’m talking employers, landlords, and service companies.

Can you imagine missing out on a high paying job, the apartment you love, or even utilities and services like your cell phone because you didn’t take care of your score? Keep reading » about 12 Easy Ways To Increase Your Credit Score

How To Get A Credit Card Annual Fee Refund

howtogetacreditcardannualfeerefund.jpg

Have you ever considered signing up for a credit card but decided against it because of the annual fee?

I use two main cards right now for almost all spending and they both have annual fees - Scotiabank Momentum Visa Infinite ($99) and the Capital One Aspire Travel World Mastercard ($120). When I got these cards I considered the annual fees and still decided having them would pay off.

The Scotiabank card pays 4% cash back on gas and grocery purchases, and you’d need to spend over $200 per month on gas and groceries alone for the card to be worth it. I easily meet this threshold and last year I earned about $500 with this one card.

The Capital One card has an annual fee of $120 but when I applied for it also came with an annual bonus (no longer available) of 10,000 reward miles worth $100 - that means the annual fee is essentially $20. Not bad for a card that pays 2% back on all spending with no category restrictions.

Annual fees need to be taken into account when determining which card is right for you, but there is also the possibility of having your annual fee waived or refunded.

How To Get Your Annual Fee Refunded

Keep reading » about How To Get A Credit Card Annual Fee Refund

10 Best No Fee Cash Back Credit Cards in Canada for 2016

thebestnofeecashbackcreditcardsincanada.jpg

It's pretty much universal - everyone hates fees!

I go out of my way to avoid fees whenever possible. For instance, I haven't paid any bank fees for nearly my entire life. I hopped right from a free student account into a no-fee President's Choice Financial account and haven't looked back.

But, there are actually some times when it makes sense to pay a fee.

As you can see from my all-inclusive cash back credit card rankings, most of the top ranked cards have an annual cost. The light bulb moment happens when you do the math and realize that any money you pay in fees quickly gets refunded to you and more through increased cash back earnings. As long as you funnel all your spending through your credit card and pay it off every month, you can earn at least 50% more than a no fee card will net you.

That said, there are still many people who still want to completely avoid fees. Fees suck and you may even be worried that paying the fee will pressure you to overspend. If so, then the following list of top no fee cash back cards is just the thing for you.

Canadian No Fee Cash Back Credit Card Rankings for 2016

Keep reading » about 10 Best No Fee Cash Back Credit Cards in Canada for 2016

The Best Credit Cards In Canada 2016

bestcreditcardsincanada.jpg

Can there really be one single BEST credit card?

Honestly, nailing that down is pretty hard because everyone's preferences are different. Credit cards offer so many types of rewards, features, insurance, and perks that comparing them against each in an apples to apples way seems nearly impossible...

But, I was foolish enough to try.

5 years ago I made my first attempt at ranking Canadian credit cards. That first attempt was good but not great - I held back from naming THE best card. I continued to track more cards and improve the system year over year. Thousands of hours have been invested...

Today, 124 cards of all types are tracked and ranked using 40+ unique ranking factors to determine which are really best. Finally, there can be one true champion that is best for most Canadians.

Of course, the decision of whether the winner meets your needs is all yours ... but you won't find a better starting point than this. (Not sure what to pick? Take this short quiz and find out.) Keep reading » about The Best Credit Cards In Canada 2016

Which Aeroplan Credit Card is REALLY Best?

bestaeroplancreditcards.jpg

Aeroplan is the most popular airline rewards program in Canada and any serious collector should have a matching credit card to earn the most miles. Figuring out which Aeroplan credit card is best though isn't an easy task.

I've done all the work for you by comparing each card across 40+ different ranking factors including Aeroplan mile earning rates, sign up bonuses, annual fees, bonus spending categories, 15 types of insurance coverage, exclusive Air Canada benefits, and a long list of other perks that these cards offer.

After the dust settles, each card is left with a single unbiased score out of 5 proving which card really is top dog. A single easy number to help you make the right decision.

Aeroplan Credit Cards Compared and Ranked for 2016

You might think this is just a comparison between Aeroplan branded American Express and CIBC cards. You'd be wrong. TD recently launched 3 brand new Aeroplan branded choices into the fray and cards that earn points that can be easily converted to Aeroplan miles shouldn't be left out either. In all 14 different Aeroplan credit cards have been compared and ranked in the table below from best to worst. Keep reading » about Which Aeroplan Credit Card is REALLY Best?

Pages