For most households their mortgage will be the largest debt of their lifetime. With home prices skyrocketing, households are taking on more debt to buy their dream home. The low interest rate environment seems to have given a false sense of security to many, especially young adults.
A lot of Millennials don’t consider their mortgage debt, according to a recent survey by Manulife. In fact, today’s adults are a lot more comfortable with debt than their parents were.
[Photo by meddygarnet CC by 2.0]
Tim Hortons is hoping Canadian coffee drinkers will warm up to its newest credit card offering. Canada’s favourite coffee chain has partnered with CIBC to launch the “CIBC Tim Hortons Double Double Visa Card.” This credit card is as Canadian as it gets – “double double” is slang when ordering a coffee, indicating two creams and two sugars.
This is no ordinary credit card – the rewards credit card comes with physical buttons cardholders can press when making purchases. The credit card launch comes amid heavy competition from rivals McDonald’s and Starbucks, who have been chipping away at Tim Hortons market share in recent years.
While Calgary may be shunning credit cards, Winnipeg is embracing them – at least partially. Although homeowners won’t be able to pay their property taxes directly to the City of Winnipeg by credit card, they can now use Plastiq, a third party service provider, to pay by credit card. This is similar to the service offered by Canada Revenue Agency to taxpayers, allowing them to pay their balance owing by credit card.
While Boxing Day – and more recently Black Friday – may be the biggest shopping days of the year, there are plenty of deals to be had on Canada Day. Although Canada Day is a statutory holiday, you can still score a deal. Similar to how Boxing Day has become “Boxing Week” over the years, many retailers are using Canada Day as a weeklong sales extravaganza to spread their best summertime savings. While you may be tempted to max out your credit card, it’s still important to spend responsibly and within your means. Here are our best tips for shopping on Canada Day.
Have you ever wondered what happens when your credit card is used for a purchase? Today credit card purchases are easier than ever. With most merchants switching to Chip-and-PIN, credit card transactions are more secure than ever before. Simply insert your card, enter your 4-digit PIN and you can spend hundreds – or even thousands – in an instant.
Are you looking to beat the heat this summer? Summer is the perfect time to enjoy a good flick on the silver screen in a refreshing air-conditioned movie theatre. For movie goers the SCENE Visa card is a match made in heaven. Earn reward points on everyday purchases you can redeem on your next trip to the cinema.
You don’t have to be a movie buff to benefit from the SCENE Visa Card. Even if you only attend the movies everyday couple months, you’ll still benefit from the card. It’s best suited for cardholders who pay off their balance in full each month; if you regularly carry a balance you should probably go with a card with a lower APR. By using your card for everyday purchases you may never pay for a movie again.
