Every month, millions of Canadians swipe a rewards credit card and earn something back — cash, points, or miles. But here is the question almost nobody stops to ask: which reward actually puts more money back in your pocket? The answer is not the same for everyone. A card that is perfect for a frequent flyer can be a poor deal for someone who rarely leaves the province. And … [Read more...] about Cash Back vs Travel Points: Which Pays in Canada
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Balance Transfer Cards: The 0% APR Debt Hack
Balance Transfer Cards: The 0% APR Debt Hack Here's the math that makes most Canadians wince: a $9,400 credit card balance at 21.99% interest, paid at the minimum each month, can take well over a decade to clear — and the total interest paid can exceed the original debt. Month after month, most of your payment gets eaten by interest charges, while the balance barely moves. A … [Read more...] about Balance Transfer Cards: The 0% APR Debt Hack
The Debt Hybrid Method: Snowball’s Quick Win, Avalanche’s Math
Open any credit card statement and look for the little box the law requires — the one that tells you what happens if you only pay the minimum. On a $21,400 balance, that box reads like a horror story: 87 monthly payments, $20,772 in interest, and $42,172 paid in total. More than seven years of payments, and nearly half of everything you hand over goes to interest, not to the … [Read more...] about The Debt Hybrid Method: Snowball’s Quick Win, Avalanche’s Math