RaphSammut.ca » Finance http://raphsammut.ca The Personal Blog of Raphael Sammut Sun, 13 Nov 2011 21:32:40 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Check out the MBNA Smart Cash Credit Card (5% Cash Back!!) http://raphsammut.ca/2010/11/check-out-the-mbna-smart-cash-credit-card/ http://raphsammut.ca/2010/11/check-out-the-mbna-smart-cash-credit-card/#comments Thu, 04 Nov 2010 19:59:40 +0000 Raphael Sammut http://raphsammut.ca/?p=312

The MBNA Smart Cash Platinum Plus card with 5% cash back!

A friend recently told me about MBNA Canada's Smart Cash Mastercard and it is so enticing that I though I would share it with whomever reads this blog! The card offers 5% cash back for the first 6 months on purchases of gas or groceries, and 3% every month thereafter. You also earn a 1% cash back reward on all other purchases. The card also has no annual fee! I've looked around and this card offers you the biggest reward out of all other credit card companies in Canada, so it doesn't make sense to use any other card.

Furthermore, if you apply for the card through GreatCanadianRebates.ca before November 30, you will also receive a $50 sign-on bonus! It's almost too good to be true! When you register your account with GreatCanadianRebates.ca to get the sign-on bonus, let them know I sent you (fill in sammut@gmail.com as someone who referred you). Check it out!

Enjoy!

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]]> http://raphsammut.ca/2010/11/check-out-the-mbna-smart-cash-credit-card/feed/ 0 Consider buying foreign currency.. http://raphsammut.ca/2009/07/consider-buying-foreign-currency/ http://raphsammut.ca/2009/07/consider-buying-foreign-currency/#comments Tue, 07 Jul 2009 15:49:25 +0000 Raphael Sammut http://raphsammut.ca/?p=66 This week, gas prices in the GTA have dropped anywhere from 5-10 cents since last week. Now, after gas prices have been climbing steadily for the past few months since the last big drop late last fall, prices are dropping again. I am no financial expert, but after following the major currencies for the past year, my observation has been that the Canadian dollar tends to follow the trends in the oil market fairly closely, likely because Albertan oil is one of Canada's major exports. When gas prices were severley over-inflated last summer the Canadian dollar surpassed the American dollar, which hasn't happened for decades. When the oil prices dropped sharply last fall, the Canadian dollar dropped in value.

The current drop in oil prices is certianly a good indicator that the Canadian dollar is due to plummet, especially if the estimates in this Chicago Tribune article are true and the price of oil drops to $20 a barrel by the end of this year. There is a lot of buzz about dropping oil prices in the finance world right now, so you may want to investigate for yourself. If you need to buy foreign currency, now might be a good time!

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