It’s rare that you see a Canadian credit card with a 0% balance transfer offer. However, MBNA has a balance transfer card, and it’s a good deal — even by looser American standards. The Platinum Plus MasterCard from MBNA features a 0% APR for 10 months. That’s practically unheard of in Canada. If you are [...]
Hackers Target Credit Reports
by Janet Hutchins on April 27, 2012 in News, Personal Finance
In the world of credit, it’s important to stay on top of your situation, and to watch for identity theft. Identity theft is a growing crime, since it’s the theft of information, and many people don’t realize that their information has even been stolen. And, of course, once someone has your identity, it’s fairly simple [...]
Are You Ready for an Interest Rate Hike?
by Janet Hutchins on April 17, 2012 in Economy
As expected, the Bank of Canada left its benchmark rate at 1% in its most recent announcement. However, following the decision, Mark Carney, the Governor of the BOC, made a rather upbeat statement about the Canadian economy — and the possibility of an interest rate hike. While Carney wouldn’t commit to a precise timeline, the [...]
Eurozone Woes Cross the Atlantic to Sink TSX
by Janet Hutchins on November 1, 2011 in Economy, News
Many people look at what’s happening across the Atlantic and wonder why eurozone troubles would bother the rest of the world. While it seems as though Canada should be fine without worrying about the eurozone, though, the global markets don’t work like that. This morning, as the eurozone bailout plan began to fall apart, the [...]
3 Ways to Protect Yourself Against Scams
by Janet Hutchins on October 14, 2011 in Personal Finance
Scammers are becoming more sophisticated, looking for ways to bilk you out of your hard-earned cash. From postal scams to fake charities calling for contributions, to wire transfer scams, there are a number ways that fraudsters can try to get your personal financial information, or get you to pay for something. Realize, though, that these [...]
Premium Credit Cards Cost Canadian Retailers
by Janet Hutchins on October 7, 2011 in News
One of the big debates going on right now in Canada has to do with the use of premium credit cards. These credit cards are great for consumers, who like to reap the rewards they offer. However, small businesses, especially independent retailers, feel the pinch. Credit card companies charge merchants for accepting their cards, and [...]
Canadian Business Owners Optimistic, But Wish the Government Would Do More to Help Them
by Janet Hutchins on September 27, 2011 in Economy
Canadian business owners are reasonably optimistic about what’s next for their businesses — as well as what’s next for Canada’s economy. Sure, there have been some hiccups about what’s happening in housing and with Canadian employment, but business owners don’t seem particularly fussed. At least according to a survey conducted on behalf of the business [...]
Capital One Low Rate Guaranteed Secured MasterCard
by Janet Hutchins on September 23, 2011 in Reviews
One of the most important things you can do for your finances is to build good credit. However, if you have made mistakes in the past, or if you don’t have an established credit history, you might have difficulty getting access to a Canadian credit card that can help you build credit. In such cases, [...]
6 Weird Things You Can Buy with Your Credit Card
by Janet Hutchins on August 30, 2011 in Shopping
You can buy just about anything with a credit card — assuming the limit is high enough. If you have a credit limit of $15,000 to $20,000, there are a number of things you can buy online and charge to your card. However, there are also plenty of low cost options for you to use [...]
Review: Canadian Tire Cash Advantage MasterCard
by Janet Hutchins on August 16, 2011 in Reviews
One of the ways that you can improve your ability to earn rewards with a credit card is to choose cards associated with specific businesses. If you frequent a business, you can reap the advantages of a Canadian rewards card associated with that business. One of your options is the Canadian Tire Cash Advantage MasterCard. [...]
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Farhaneh Haque: Excellent read - I find that people are sometimes ...
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Farhaneh Haque: Great piece! Debt reduction is an important finan...
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Janet Hutchins: Here are some resources to help you access your cr...
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Theresa: I think the new money feels weird. but is kinda co...
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Barry TSP: I'd like to know where I can check my credit repor...
