Credit Card News
How many credit cards is too many?
When it comes to using credit cards wisely, Canadians do a relatively good job. A 2023 survey by The Strategic Counsel found that 64 per cent of Canadians pay their balance in full and even if ...
4 ways to spring clean your finances
Springtime isn't just for cleaning out the garage and washing your windows. Now's the perfect time of year to tidy up your finances, too. By taking simple steps such as reviewing your credit ...
10 ways to climb out of credit card debt
A "surprise" consumer insolvency is one where a person's credit history shows they are paying their bills on time as expected, but right before they declare bankruptcy. What this tells financial ...
How to build your credit score from scratch
Without a credit history, it's difficult to be approved for a loan when you purchase a house, car or other big-ticket item. And if you do get approved, you'll be stuck paying a higher interest ...
5 credit card statement tricks and traps
Many time-pressed Canadians automatically file away their credit card statements each month, paying little or no attention to statement content. This habit can be costly, since statements may ...
Why can’t I get out of debt?
Feeling caught in a debt spiral? Many Canadians have household debt, and with interest rates on the rise, many people are going to have a harder time paying it off. "Debt is at an all-time ...
Credit card travel insurance: Is it enough?
With weeks to go before school resumes, many university and college students are packing their bags and heading for the United States. But as young Canadians travel south of the border, 57 per ...
The differences between soft and hard credit checks
Every time someone looks at your credit file - even you - it's recorded. You probably know that usually these inquiries, sometimes called "hits," "checks," or "pulls," can impact your credit ...
How to improve your financial literacy
To mark Canada's 150th birthday, the Financial Consumer Agency of Canada (FCAC) is rolling out a series of money management tips, "150 Tips in 150 Days," on Twitter and Facebook. The tips ...
How your credit needs should evolve as your family does
Some Canadians have the same credit card their whole lives. But if you ask the experts, that's not the best idea, especially if you want to maximize the benefits of having credit in the first ...
Can the statute of limitations erase your debt?
If you have debt that's been haunting you for a couple of years, you may have a way out - with caveats. Provincial statutes of limitations may prohibit creditors from coming after you in court. ...
10 ways to build credit in Canada
It can be difficult starting a brand new life in a new country, especially when it comes to establishing credit. A 2015 study commissioned by the Bank of Montreal's Wealth Management division ...