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Are Dual Currency Credit Cards A Good Idea For Canada?

Dual Currency Credit Cards

The Financial Supervisory Commission of Hong Kong has approved the plan from Taiwanese banks to issue duel-currency credit cards, allowing cardholders to pay in self-designated foreign currencies, typically between the Taiwanese HKD and the Chinese RMB. It will take between eight and 12 months for the new credit cards to become available since banks first have to overcome some technical ... Read More »

What Are Balance Transfer Credit Cards?

What are balance transfer credit cards

Have you recently received a “balance transfer” offer and wondered if it was right for you? If you have a balance on your credit card, store card or other loan, a balance transfer credit card could be a great way for you to save a lot money. Someone with $4,000 of debt, paying 19.99% interest, could save upwards of $750 ... Read More »

Deceptive Credit Card Tactics: Watch Out For These Bait & Switch Offers in Canada

Hidden Credit Card Fees

To help protect Canadians from underhanded credit card practices, GreedyRates has done a review of the cardholder agreements from Canada’s leading issuers. We looked for hidden fees and charges clouded in obscure language even the wisest legal counsel would have to read twice or thrice to understand. The verdict? We found two Canadian banks using particularly unfair and deceptive credit card ... Read More »

Credit Card Review: The American Express Gold Card with Cash Back

american express gold credit card with cash back

(This credit card is no longer available. Please check the American Express SimplyCash card for an alternative). The American Express Gold Card with Cash Back is, in our opinion, one of the top rewards credit cards in Canada if you spend more than $1,250 per month.  We love how American Express Canada has re-launched and re-vamped the card. What we find most ... Read More »

American Express Canada Launches New Gold Credit Card With 2% Cash Back Rebate

American Express Gold Card with Cash Back

TORONTO – American Express Canada is enhancing its line of credit cards with the introduction of the American Express Gold Card with Cash Back. It’s making an aggressive re-entry into the Canadian cash back credit card market, with the only offer on the marketplace offering up to 2% cash back on all purchase categories. The move comes with Canadians increasingly looking ... Read More »

Canadian Credit Card Debt Rising, Delinquencies Falling

Canadian credit card debt rising

TransUnion’s quarterly analysis of Canadian credit trends found that credit card debt is increasing while credit card delinquencies are decreasing significantly. The average consumer’s total debt (excluding mortgage) in Q4 2013 increased marginally to $27,368 from $27,355 in Q3 2013. This quarterly increase of 0.05% was the lowest observed since a (-0.04%) decrease in Q3 2011. On a year-over-year basis, ... Read More »

Your Credit and You: The Basics

credit score Canada

Credit cards, mortgages, auto loans and leases all revolve around 3 numbers, your credit score. Credit scores have become an obsession for Canadians. With over $1 trillion of debt, Canadian consumers have good reason to pay attention to the three digits that in large part determine their ability to access credit, and the price they’ll pay for it. What Is ... Read More »

10 Killer Fees Canadians Should Stop Paying Now

Canadian Consumer Fees

Everyone has gone through it. A bill arrives, and there’s an unexpected charge that’s going to burn a hole through your budget. Your heart sinks, pulse rises to a staccato, face gets flushed, fists clench, and a few f-bombs echo from the walls. Sometimes those surprises are unavoidable. But more often than not, regardless of fairness, justice and the like, ... Read More »