How to Handle Tangerine Money-Back Credit Card Negative Changes

Tangerine Credit Card Cuts Its Cash Back Rewards

If you have a Tangerine credit card that offers cash back rewards, the good old days of getting excellent rewards with no fee are over. Starting April 29, 2017, Tangerine will slap on a few negative changes that will make its popular no- fee credit card less desirable.

There will be several negative changes. However, today I will only mention those that I feel will have the most impact on day-to-day uses of this credit card.

The Tangerine Money-Back credit card earns 2 percent on 2 selected categories (actually there can be 3 categories if you choose to deposit your cash bank in a Tangerine Savings account) and 1 percent on everything else. This 1 percent on everything is where it’s getting axed by Tangerine to a reduced 0.5 percent return. Another popular feature this card used to have is a 1.5 percent foreign transaction fee instead of the 2.5 percent that most other Canadian credit cards charge. Tangerine is axing this as well to a 2.5 percent foreign transaction fee.

A point worth mentioning is that there are credit cards in Canada that do not charnge a foreign transaction fee. I talked about these cards here in my YouTube video here: Credit Cards That Save You Foreign Transaction Fee

What you can do if you are already a Tangerine cardholder is keep using your Tangerine Money-Back credit for those selected 2 or 3 categories where it still returns 2 percent and switch to other credit cards that offer a better rate than 1/2 percent on everything else. The BMO Cash Back MasterCard and Simply Cash from American Express are two such cards that offer a flat 1 percent and 1.25 percent returns on everything across the board. The Rogers Platinum MasterCard also offers a flat 1.75 percent on everything, but there is a $29 annual fee if you are not a Rogers customer.

I have a video on cash back credit cards as well. There are many other free and annual fee cash back credit cards available. Research online to find the card that best suits your needs. My site www.AhmedDawn.com and YouTube channel www.YouTube.com/ADawn provide lots of information on credit cards that will help you find your credit cards. And unlike most other sites, my opinions are unbiased because I do not accept money or provide affiliated links to make money from credit card companies.

Beware Of No Name ATMs

ABM Scams & Tips

Canadians carry roughly 35 million debit cards and its no wonder scam artists are coming up with innovative technics to tamper ATM machines. ATM thefts are on the rise at an alarming rate. What can you do about it? My number one recommendation - Be extremely cautious using a No Name ATM machine.

What do I mean by No Name ATM? These are the machines not operated by well-known financial institutions such as TD, CIBC etc. Sometimes these are called White Label machines or Stand-Alone ATMs. No Name machines are privately owned and operated. You will see No Name machines in next-door grocery stores, bars, casinos, malls ... virtually everywhere. Follow these tips to protect yourself from scam artists:

• No Name ATM can cost you somewhere between $2 to $5 service fees, in addition to your own bank fess. Do you really need cash that desperately at this moment? How about walking a couple of blocks to withdraw from your own bank's ATM?

• Scam artists use hidden cameras, scanning devices, peep holes, card readers to copy your P. I. N. and card info to produce clones(same as yours). Later on, scammers will use those clone cards to purchase or simply they will empty out your bank accounts.

• Cover you key pad so the person behind you can't see your key-punch. Covering key pad will also prevent hidden cameras taking your key-punch shots from the top or from the side.

• If you notice anything unusual or suspicious, refrain from using the ATM. Examples of unusual or suspicious things are: slot does not feel right when you insert card, visible attachments to the slot or to anywhere on ATM, unusual messages on the screen or on anywhere on ATM, messages asking to use one particular ATMs, individuals standing nearby posing as technicians or customers.

• You should not have to force your card into the slot. If your card gets stuck in an ATM, call your bank immediately

It's a good idea to use ATMs which you are already familiar with. Pick a well-lit ATM in a good neighbourhood.  If you findanything suspicious(either individuals or anything your are not comfortable with), do not use the ATM and leave that place. Always take precautions and be vigilant when using an ATM. Be always safe.

First Published: Aug 10, 2007 ADawnJournal.com

How Successful Entrepreneurs Use The Law Of Attraction

Affirming the Law of Attraction – the Successful Entrepreneur

No one disputes that there is in nature a law of positive attraction, by which people hope to gain many things, including money, by doing things and saying things that they hope will invoke its power.

The reality is that the law of attraction will always work for you, bringing about the things that you desire, so that what you want will come to you. The only problem with it, and what you need to understand is that you don’t always know what it is that you really want, and what you say you want, and what you really want are often two completely different things.

The successful entrepreneur will attract success because that is what he wants, that is what he is aiming for, and regardless of failures along the way, he will still have his eye on the ball. Everything that he does, his whole attitude and approach will reflect that deep down desire to make whatever enterprise he chooses to engage with, work and become a success. That is not to say that there will not be mistakes and errors of judgment, but when these occur, lessons will be learnt, errors discarded, and new ways to make things work will be actively looked for and sought. Ideas will come as if by magic but really they are the product of a focused mind sifting and looking for potential.

This positive attitude will tend to attract the information and concepts which are most needed to put in place something which is highly desired, which could be to get a new business going, or to reduce current working hours without losing money or momentum.

This positive attitude, which seems to attract success can easily be compared to a less focused attitude, which might appear to put a lot of effort in, but still complains of lack of success. Two men have to be at a meeting – one gets there on time, although the car broke down. The other would have got there, but the car broke down. You will hear the little “but” creep in whenever what someone says was their main desire, in fact really wasn’t.

People might say they want to go out to work but they have to stay at home with the family. They might say that they want to work from home, but neighbours keep calling in for a coffee. When they complain that their business isn’t working, it is easy to see that what they really want to do is to be at home with the family having coffee.

The law of attraction is simply that you will make every effort to get what you want and attract what you really want to you – if you are focused and do what is necessary to get a money making venture to start, you will be successful if that is what you want – but if your dreams and hopes lie in other directions – you will attract a mixed outcome at best.

First Published: Feb 1, 2010 EntrepreneurJourney.com

SimplyCash Preferred Cash Back Credit Card Annual Fee Goes Up

American Express Cash Back Credit Card

Amex’s annual fee cash back credit card is going through a bit of a facelift, including receiving a higher annual fee. However, existing users will be able to continue paying $79 per year.

With a new $99 annual fee, there is a promotional bonus of 5 percent cash back for the first three months, capped at $300. What this means is that you can spend a total of $6,000 in three months or $2,000 each month to catch this promotion.

Also, there is no more spending limit on 2 percent cash back. This card comes with some insurances, such as emergency travel medical, travel accident insurance, and car rental theft & damage insurance.

The 2 percent return on all spending is a good cash back rate, but there are other Canadian cash back cards that offer the same return. MBNA Rewards World Elite (2% flat), Scotia Momentum Visa Infinite (4% on selected categories), Scotia Gold American Express (4% on selected categories), BMO Cashback World Elite MasterCard (1.75% flat, but has various added perks) are just a few.

On the no-annual fee side, Amex has its own SimplyCash card that earns 1.25 percent flat on everything. Some other no-fee credit cards to consider include Rogers Platinum MasterCard (free for Rogers customers, 1.75% cash back), Tangerine Money-Back Credit Card (2% flat on selected categories), and the RBC Cash Back MasterCard.

Here are some links to my YouTube video on cash back credit cards I have released in the past:

Which Credit Cards Give the Most Rewards Points of Cash Back?

What Are Some of the Best Cash Back Credit Cards?

Still paying banking fees?

Stop Paying Bank Fees

Are you still paying banking fees? If you are, you should look at free banking options. A monthly fee of $12 or $15 can trun into a considerable amount over the years. Follow these steps to eliminate banking fess.

A. Consider banking online with a finanicial institution who gives you lots of value added services. An example is President Choice Financial. I get free checks (which TD, CIBC would never give) and earn at least $100 in free groceries just for using their services. It's like a double-dip bonus. I am banking free and getting free money for free banking.

B. If you are not comfortable with online banking, find out what is the threshold to avoid bank fees at you local branch. Usually this threshold level is $1000 but it can vary bank to bank. Shop for the best deal and never pay any transaction,ABM or checking fees.

C. Financial Consumer Agency of Canada (FCAC) provides interactive tools, cost of banking guide and information about different types of accounts and banking service packages available in Canada on their website. Click on the above link and then click on For Consumers and it will take you to a page where you can do your research on banking and other financial products and services.
First Published: June 22, 2007 ADawnJournal.com