What is a Thin Credit File?

Posted October 17, 2016 by CCC Staff in ,

Credit Information

While being called thin or slender in terms of your physique is often considered a good thing, having a “thin” credit file isn’t. A thin credit file is a special insider term used by the credit reporting agencies. Equifax and TransUnion consider your credit file thin if they lack sufficient information to calculate a credit score for you.

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TD® Aeroplan® Visa Infinite* Review

Posted October 12, 2016 by CCC Staff in

TD Aeroplan Visa Review

If you’re a frequent flyer looking for the perfect travel rewards credit card, it’s hard to beat the TD® Aeroplan® Visa Infinite card. TD started issuing Aeroplan branded credit cards in 2014 and found instant success. In 2015 the Aeroplan rewards program was overhauled to alleviate criticism many members had. The results have been well received.

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MasterCard and Visa Lower Credit Card Interchange Fees, But is It Enough?

Posted October 3, 2016 by CCC Staff in

Using Chip Card

Credit card interchange fees have been in the spotlight lately. Interchange fees may be invisible to consumers, but they sure aren’t for merchants. Canadian merchants pay among the highest interchange fees worldwide – between an estimated $5 and $7 billion annually. Merchants have long been lobbying for lower interchange fees. Merchants got their wish a couple years ago. With the federal government threatening to step in and regulate interchange fees, starting in November 2014 MasterCard and Visa voluntarily agreed to cap their interchange fees at 1.5 percent for the next five years.

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Alaska Airlines MasterCard Review

Posted September 29, 2016 by cccadmin in

Alaska Airlines Credit Card Review

Alaska Airlines is a well-known and respected airline out west. In an industry known for cost cutting, it has the highest customer satisfaction of traditional airlines. Don’t let its name fool you. Alaska Airlines flies to more than one hundred destinations in North America besides Alaska.

This isn’t your run-of-the-mill travel rewards credit card. There’s more to the Alaska Airlines World Elite MasterCard card than you might expect. Even if you’ve never flown Alaska, you can still take advantage of this card. 

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Walmart vs. Visa Update: The Visa Ban Spreads to Manitoba Walmart Locations

Posted September 21, 2016 by cccadmin in

Walmart VS Visa

There aren’t any signs the dispute between Walmart and Visa (dubbed “Goliath vs. Goliath”) is going to end anytime soon. In fact, retail giant Walmart has upped the ante, announcing last week it is expanding its ban on Visa credit cards to the province of Manitoba. Starting October 24th, Walmart will no longer accept Visa at all of its 16 locations in Manitoba. This follows Walmart no longer accepting Visa at its three Thunder Bay locations in July.

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Canada’s best balance transfer card: The MBNA Platinum Plus MasterCard

Posted September 13, 2016 by cccadmin in

MBNA Platinum Plus Review

The MBNA Platinum Plus MasterCard was built for balance transfers. And with a 0% interest rate on balance transfers for 12 months, it’s still the best deal in Canada. We’ve crunched the numbers, and for most situations this is the balance transfer card to get.

Trying to pay down debt? A balance transfer might be the best option to accelerate your debt reduction. A lower interest rate will allow you to make larger payments towards your principal, which means you will pay off your debt faster – and pay less in interest charges. And with an introductory rate of 0%, it really is a “no-brainer”.

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