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Tips & Hacks

I’m New To Canada – Tips To Build Your Credit History Fast

Establish Credit History and Credit Score in Canada for new immigrants

If you’re one of the 250,000 people who immigrated to Canada this year, welcome! Aside from acclimating yourself to a new country, home, and job, you’ll also quickly realize the benefits of building a credit history with a strong credit score. Whether you’re looking to lease a car, buy a home, get a cell phone, or get a credit card, ... Read More »

5 Tips To Get The Most Out of Your Credit Cards

Canadian credit cards

1. Get the Float There are two ways to play the float game. You can transfer cash from your credit card account to your checking account, called a money transfer. You can then invest that money, and place it in a high yield savings account. If you’d earn a rate of return of 6% (equity investment), and transferred $7,500 from ... Read More »

One Liner Credit Card Tips and Tricks….

credit card tips and tricks

1. Combine bonuses to get a windfall of points TD, CIBC and Amex all issue Aeroplan rewards cards with huge bonuses. Get a card from each and you’re flying just about anywhere. 2.Use your credit card for everything – as a payment card If you pay down your balance every month, use your rewards credit card for everything from schools, ... Read More »

5 Terrifying Credit Card Mistakes That Can Leave You Broke

Canadian credit card mistakes

Credit cards can be your best friend, or your worst enemy. As satisfying as it is to get 5% off at the gas pump, it’s just as painful to pay $45 because you went over your credit limit. Here are 5 credit card mistakes the banks are counting on you making to prime their coffers. Avoid them and you’re ahead ... Read More »

10 Insane Facts About Canadian Credit Cards That Will Blow Your Mind!

Canadian Credit Card Facts

There’s a lot to know about Canada’s love affair with its favorite plastic. Here are just ten of the many wild facts about Canadian credit cards that will leave you speechless: 1. Canadians spend over $300,000,000,000 on their credit cards every year! More than the Chinese & Russian defense budgets combined! 2. The average Canadian who has a credit card balance owes around ... 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 »

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 »