Credit Cards

PC Financial Mastercard Review - Big Grocery Rewards, No Annual Fee

PC Financial Mastercard review

This article was sponsored by PC Financial®.

My very first rewards credit card was the brand new (at the time) no fee PC Financial Mastercard. That was all the way back in the early 2000s.

Why did I choose it?

Like many others I was enticed by free groceries with no annual fee.

I saw a banner outside of the newly constructed Superstore in my area advertising grocery rewards with no annual fee and I was already a PC Financial day to day banking customer, so the choice was easy.

I kept the card for a few years and loved it until I got pulled over to the dark side of travel rewards and decided I wanted to see the world. But, I’ve often thought back fondly on my experience with that card over the years and even considered re-applying a time or two.

Since then, PC Financial has continued to improve their line of credit cards and have added two new cards to the fold – the World and World Elite versions of the card – that come with plenty of extra rewards and perks.

How The PC Financial Mastercard Works

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Review: SimplyCash Preferred From American Express

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The SimplyCash Preferred Card from American Express is like the big brother to the no-fee SimplyCash card in that it has higher cash back and more perks, but comes with an annual fee of $99 to account for them.

You’ll get 2% cash back on ALL purchases, which is a really good rate, and the annual fee is less than many of its main competitors.

However, this card definitely fills a nice niche that you will begin to appreciate as you peruse the pros and cons below. The sign up bonus that is effectively worth $300 is also nothing to sneeze at because none of the other cash back cards come close to this - they typically come in at around $100, if a bonus is offered at all.

Plus, Amex will throw in a $100 statement credit for new cardholders, if they reach that $300 cash back by spending $6,000 in the first 6 months.

Quick Facts

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The Case For – Or Against – A Cashless Society

The case for (or against) a cashless society

What happens if the physical monetary unit goes away?

Does that mean we’re going down a bad rabbit trail to a place where society should not go?

Is a move toward digital currency like Bitcoin an inevitability?

We’ve got questions, but with no clear answer.

To start, how about we have to look at a couple of points:

  1. The unit of cash itself
  2. The payment process, security and anonymity

While this is entirely way too large to discuss all in one article, let’s start the conversation anyway.

Money, money, money…money!

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31 Money Apps, Products, and Tools You Should Be Using

31 money apps, products, and tools you should be using

There are so many tools, products, and apps out there that it’s hard to know which ones to use. There’s so much choice that it’s easy to pass by some great money saving apps and tools without a second look.

It’s even harder to find stuff that works well for Canadians – nearly everything is targeted at Americans because of their larger population.

Even though I’m a tech-savvy guy, I still don’t use as many money tools as I probably should to truly maximize my money.

Some of it is due to privacy concerns – I don’t want to link up directly to my bank, credit card, or investing accounts. But, most of it is that initial barrier to entry of learning something new when what I already do works well enough.

It really helps when someone vets and recommends useful tools first before giving them a try yourself, don’t you think?

So here is a collection of apps, financial tools, and products I either use myself or think are worth using based on the reviews and features they offer.

You can find even more money saving deals and tools that I use everyday on our deals and tools page.

Best Money Saving & Personal Finance Apps

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

Free gift card offers (Up to $100 to popular stores)

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

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Best Credit Cards in Canada 2017

The best credit cards in Canada

Can there really be one single BEST credit card?

Most people would say "no".

I agree, there is no one size fits all ... but, there is a one size fits MOST.

I've been honing my credit card comparison system that tracks and ranks credit cards by 50+ features for nearly 7 years now. I'm not just comparing points or rewards either. I'm figuring out the true value of each different reward point or mile and combining that with all the other features, insurance, and perks that each card offers so cards can be compared apples to apples. The result is one simple score out of 5.

All the research has been done and all the numbers have been crunched and updated. Finally, there can be one true champion that is best for most Canadians in 2017.

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 Best Credit Cards in Canada 2017

Best Credit Cards For Gas Discounts 2017

Best credit cards for gas discounts

Although electric cars are on the rise, the majority of us car owners are still pumping gasoline into our vehicles and it continues to be a big line item in our monthly budgets.

We've been fortunate in recent years that prices have dipped under $1 per litre ... but prices have been steadily creeping up again even with the cost of crude oil being BELOW what it cost in 1974. That won't last forever!

Credit cards are one tool that can be used to get a sizeable discount on those gas purchases because many cards offer bonuses specifically aimed at gas purchases.

Here are the cards that will help keep your wallet happy: Keep reading » about Best Credit Cards For Gas Discounts 2017

Which Aeroplan Credit Card is REALLY Best?

The best Aeroplan credit cards

Air Canada just dropped a big bombshell by announcing that they are clipping Aeroplan's wings by removing it as their official rewards program in 2020.

Aeroplan was in fact an invention of Air Canada themselves but was first spun off as a separate company and then completely sold to Amia in 2008. Since then, they've walked hand in hand and have been practically indistinguishable from one another. That's about to change... but is it a good or bad thing for Aeroplan collectors?

There are no guarantees, but what is guaranteed is that this will create increased competition as Aeroplan works hard to keep the loyalty of its members and Air Canada wrestles to take them away. That fight is going to spill over into the credit card arena as well and you can expect sign up bonuses and perks to take off as we get closer to that date.

Through all of this, Aeroplan is committing to keeping your miles safe and allowing you to continue redeeming them for flights on Air Canada even after the 2020 deadline. What could change is the cost in miles for doing so. I expect the cost will increase substantially, so if you want to fly Air Canada or Star Alliance, you should try and redeem most of your miles before 2020.

Even though Air Canada flight rewards will likely become less desirable, that doesn't necessarily mean that Aeroplan will become less valuable overall. They will be working hard to find a good alternatives to Air Canada that won't get them universally panned by the critics and create a ton of bad press for them.

It's time to strap in, because this is going to be a bumpy and exciting ride!

Aeroplan Credit Cards Compared and Ranked for 2017

Who has the best Aeroplan branded credit card? Is it TD, CIBC, or American Express?

You might be surprised to find out that the top card for earning Aeroplan miles doesn't even have Aeroplan in its name. That's because there are several cards that allow you to earn points that can be transferred to Aeroplan miles that actually boosts the value of your rewards!

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?

Which AIR MILES Credit Card Is Best For 2017?

The best AIR MILES credit card

AIR MILES has come under fire recently for the mismanagement of their expiry policy and the availability of desirable rewards for consumers. They eventually backtracked and cancelled their expiration policy entirely.

With all the bad press, they are trying harder than ever to please their customers and keep them informed. They've redesigned their website to make it easier to use, they're emailing program updates on a regular basis now, and they're beefing up their security as well to help protect your hard-earned miles from thieves.

That doesn't mean all the problems are gone - and whether or not you continue to collect AIR MILES is completely up to you.

But, if you are going to collect, you might as well choose a top AIR MILES credit card to help you earn and redeem that much faster.

AIR MILES Credit Card Comparison

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Tangerine Credit Card Review: No Longer On Top

Tangerine credit card review

Canadian cash back credit cards with no annual fee have been struggling in recent years. Many of the better ones have had their rewards slashed and the features downgraded...

That's why when Tangerine launched their new credit card in 2016, people were tripping over themselves to apply for it. No other card was giving unlimited 2% cash back on bonus categories at all anymore, let alone categories you could choose and change yourself. Back then, spending outside your bonus categories would still net you a pretty decent 1% cash back as well.

It was an amazing deal and, as it turns out, a little too good to stay true.

Exactly 13 months after its initial launch, Tangerine has dropped the 1% cash back rate on non-bonus spending to 0.5%. That's a major reduction in rewards. They've also increased their great 1.5% foreign currency exchange rate to the usual 2.5%, and increased some balance transfer and other fees on top of that.

The real question here is: is the Tangerine Money-Back Credit Card still good?

The short answer - Yes.

The flexible unlimited 2% cash back categories still exist as they were, and that by itself makes the card worth having. You just now have to get creative with how you use it and combine it with another card to maximize your rewards. Check out the How To Maximize Your Rewards section below for more on that.

That said, the card will be dropping from the #1 spot in our no fee cash back credit card rankings all the way down to the #7 spot.

Quick Facts

Annual fee $0
Interest rate 19.95%
Min. income No set minimum
Reward type Cash Back
Reward 0.5% unlimited cash back on regular purchases
2% unlimited cash back on up to 3 bonus categories you choose
HTS reward return 1.1% of spending for a typical person
Sign-up bonus None
Apply Click here

Positives:

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