Credit Card Coach



Aghast at gas prices? These credit and debit cards help you punch back
2022-05-19

Your next line of defence: Check out the savings and points-earning power of the many credit and debit cards that offer rewards geared specifically for spending on gas. If you have a debit or credit card issued by Royal Bank of Canada, you can save three cents a litre on gas at Petro-Canada stations and earn an extra 20 per cent on the Petro-Points loyalty program. In the no-fee category, the Tangerine Money-Back Credit Card is noteworthy because you can get 2-per-cent cash back on gas. CIBC Dividend Visa Infinite is a reward card with an annual fee that offers 4-per-cent cash back on gas and groceries and lesser points on other purchases. One more gas-saver from Canadian Tire is the no-fee Gas Advantage card, which gives you a discount at the pump of up to 10 cents a litre.



Here’s how to pay your taxes with a credit card and the best cards to use
2022-05-19

Here’s a summary of the companies who accept credit cards for federal tax payments, and the fees each one charges as of this writing: In order to pay your taxes with a credit card, you’ll need to go to the website of the company you want to use and make the payment there instead of with the IRS. But if you have a Citi Premier® Card , you can also use your Double Cash rewards — which technically come in the form of Citi ThankYou points worth 1 cent apiece in cash back — for travel and to transfer to Citi’s airline and hotel partners, which can potentially increase the value of your rewards and make paying your taxes with the card an even better deal. Hilton Honors American Express Surpass : Best hotel spending bonus You may not know that It’s possible to earn a free hotel night just by paying your taxes. And while the the Hilton Surpass card does have a $95 annual fee, if you don’t already have it, right now you can earn 130,000 bonus points after spending $2,000 in purchases on the card in the first three months after opening the account. As an added bonus, new Blue Business Plus card members get a introductory 0% APR on purchases for the first 12 months after opening the account, after which you’ll pay a variable APR of 13.99% to 21.99% based on your creditworthiness (see rates and fees ).



The Chase Sapphire Preferred Card's 80,000-point welcome bonus is ending soon — here's how to grab it
2022-05-20

The Chase Sapphire Preferred® Card's limited-time, 80,000-point welcome bonus offer will be over by the end of the day on May 31, meaning you have less than two weeks to submit your application and qualify for it. With travel prices continuing to skyrocket, using credit card rewards to book flights, hotels and rental cars can help you save big on your next trip. Below, Select details the Chase Sapphire Preferred Card's valuable welcome bonus and how you can earn it responsibly without getting yourself in credit card debt. Or if you've recently purchased a new phone from your cell phone carrier on a payment plan and have the funds, you can consider paying that off in full to help meet Chase Sapphire Preferred's spending requirement. The fee to use Plastiq to pay with a credit card is 2.85%, so for a $57 fee, you'd end up earning 2,057 points.



The best airline credit cards for travel benefits and perks
2022-05-19

And right now, new Chase Sapphire Preferred card holders can earn 80,000 bonus points after spending $4,000 on the card in the first three months after opening the account. Despite the Chase Sapphire Reserve ’s $550 annual fee — which is admittedly quite high — the card comes with a number of travel perks , including a $300 yearly travel credit, complimentary Priority Pass Select airport lounge access and up to $120 back on eligible Peloton Digital or All-Access Memberships in 2022. And new card holders can currently earn 50,000 bonus points on the Chase Sapphire Reserve after you spend $4,000 on the card within the first three months after opening the account, which are worth a guaranteed $750 when you redeem them for travel via the Chase travel portal. The Platinum Card from American Express : Best for luxury travel The Platinum Card from American Express also isn’t tied to a specific airline, but instead earns points that can be redeemed directly for any flight or transferred to many airlines and hotels — but with a set of partners that’s different than Chase’s credit cards. That’s more than the 3 points per dollar you’ll earn with the Chase Sapphire Reserve , but you’ll earn bonus points on many other travel purchases with the Chase card, while the Amex Platinum only earns elevated points on airfare, as well as hotels and flights booked through American Express Travel.



Royal Bank of Canada (NYSE:RY) Earns Outperform Rating from Analysts at Credit Suisse Group
2022-05-20

Equities researchers at Credit Suisse Group initiated coverage on shares of Royal Bank of Canada (NYSE:RY – Get Rating) (TSE:RY) in a note issued to investors on Friday, The Fly reports. Finally, Canaccord Genuity Group cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and boosted their price target for the stock from $141.00 to $148.00 in a research report on Monday, February 7th. Vanguard Group Inc. now owns 48,531,311 shares of the financial services provider’s stock valued at $5,351,548,000 after buying an additional 1,503,485 shares during the last quarter. Wellington Management Group LLP now owns 19,835,260 shares of the financial services provider’s stock valued at $2,185,770,000 after buying an additional 14,412,851 shares during the last quarter. 1832 Asset Management L.P. now owns 18,380,046 shares of the financial services provider’s stock valued at $1,998,605,000 after buying an additional 608,072 shares during the last quarter.



Aghast at gas prices? These credit and debit cards help you punch back
2022-05-19

Your next line of defence: Check out the savings and points-earning power of the many credit and debit cards that offer rewards geared specifically for spending on gas. If you have a debit or credit card issued by Royal Bank of Canada, you can save three cents a litre on gas at Petro-Canada stations and earn an extra 20 per cent on the Petro-Points loyalty program. In the no-fee category, the Tangerine Money-Back Credit Card is noteworthy because you can get 2-per-cent cash back on gas. CIBC Dividend Visa Infinite is a reward card with an annual fee that offers 4-per-cent cash back on gas and groceries and lesser points on other purchases. One more gas-saver from Canadian Tire is the no-fee Gas Advantage card, which gives you a discount at the pump of up to 10 cents a litre.



Brim Financial appoints former Marqeta VP Arthur Zhao as chief financial officer
2022-05-20

Zhao joins Brim with over 20 years of experience in the FinTech industry. Prior to joining Marqeta, Zhao worked with PayPal in various leadership roles. Bansavatar left his position as chief product officer from Brim in 2018, fully departing from the company as co-founder last year to start working on Savvii Group Inc for which he recently raised $10 million in seed funding.



York Credit Services Explains How Covid-19 Affected Canadian Household Debt
2022-05-20

According to Artem Avvacoumov, debt adviser at York Credit Services, many Canadians who maintained their jobs did have a disposable income but nowhere to spend it due to the frequent lockdowns during the pandemic. Mortgage debt in Canada A huge portion of Canadian debt is mortgage debt, particularly in British Columbia and Ontario.“We saw many Canadians trying to pull through the pandemic and remain up to date with their mortgage payments in order to reduce the risk of foreclosure,” says Artem Avvacoumov, debt adviser at York Credit Services. According to Artem Avvacoumov, debt adviser at York Credit Services, even though the government came in to support Canadians with funds to survive, many who lost their income were still unable to pay off their debts. “We expect to see more and more people faced with increased debt and a limited income to support their day-to-day needs turning to the government and other non-profit making organizations to make ends meet,” says Artem Avvacoumov, debt adviser at York Credit Services. Most federal programs such as the Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy that were set to support Canadians and their businesses during the pandemic have already expired.“The government had to extend programs such as the Canada Recovery Benefit because it was clear that the economy was hard hit and it would take more time for many households to recover,” says Artem Avvacoumov, debt adviser at York Credit Services.



1 in 3 Canadian couples go into debt to get married; is that a good idea?
2022-05-19

By the time the big day comes, nearly a third (31 per cent) of couples admit to taking on debt just to pay for their wedding. “Financially preparing for wedding costs means budgeting, saving money for it, and not overspending,” says Anthony Martin, CEO and founder of Choice Mutual. So even though the entire event cost the Skars about $18,000, they started their new life together wedding-debt-free. “A wedding is a joyous celebration, but it’s also important for couples to keep in mind that they should only spend what they can comfortably afford for the day, rather than begin married life with an extravaganza that puts them in a financial hole,” says Carma Peters, president and CEO of Michigan Legacy Credit Union.







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