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If you cross the US/Canada border or travel to the US often, you should consider getting a NEXUS card. NEXUS is a joint program by the Canada Border Services Agency and U.S. Customs and Border Protection designed to expedite border crossings between US/Canada. NEXUS card holders can also use the Global Entry kiosks/portals for entry…
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Canada, known for its breathtaking landscapes, diverse cities, and friendly people, is a country that welcomes newcomers with open arms. If you are a recent newcomers in Canada, you might be overwhelmed with complicated government and provincial systems. In this guide, we will help you to navigate the first 3 things you need to do…
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While many credit cards offer high earn rate in certain categories, they usually has 1% earn rate on other spends. To maximize rewards/cashback, you probably want to use credit cards with base earn rate higher than 1% on these spends. Credit Card Annual Fee Base Earn Rate Note American Express Simply Cash Preferred $9.99/month (Total…
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While credit cards with 5X point rewards (i.e. earn 5 points for every dollar spending) are very popular in US, they are incredibly rare in Canada. Below is the list of credit cards in Canada that have 5X point rewards, and those reward points are worth at least 1 cent per point: National Bank World…
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In Canada, most big banks’ direct investing accounts come with rather high trading commission fees. When it comes to direct investing, Canadians do have access to low commission or no commission trading platforms. Interactive Brokers – Best for Margin and Option Trading When it comes to margin trading, Interactive Brokers is my favorite trading platform.…
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Most credit cards in Canada charge a 2.5% foreign transaction fee on purchases made in other currencies. Fortunately, there are several credit cards that have no foreign transaction fees. Exchange rate will be determined by credit card processor (Mastercard, Visa) at the time of purchase. Scotiabank Passport Visa Infinite Card Scotiabank Passport Visa Infinite Card…
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All big banks in Canada have Newcomers banking packages catered for permanent residents and work permit holders within 5 years of arrival date in Canada. These bank packages usually include a chequing account with no monthly fee or minimum balance requirement for at least 1 year, a credit card without credit history, and other benefits.…
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No-fee credit cards can offer great value and benefits without the burden of annual fee. Below is a curated list of no-fee credit cards that cater for different spending habits: Best for dining and restaurant – Simplii Cashback Visa Simplii Cashback Visa earns 4% cashback on the first $5,000 in net annual card purchases on…
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Chequing accounts at Canadian big banks (RBC, TD, CIBC, BMO, Scotia) usually have monthly fees or require a high minimum balance to waive the monthly fees. Canada residents do have no-fee and no minimum balance options when it comes to chequing accounts. 1. Online Banks As the name suggests, online banks have no physical branch…