The Demise of Sears Canada: How Credit Cards Played a Role

Posted October 17, 2017 by cccadmin in

Sears Out-of-Business

Sears Canada is no more. It’s the end of another iconic retailer in Canada. The Canadian retail landscape is tough, as Target found out.

Sears Canada followed a similar death spiral as another Canadian retailer: Eaton’s. For the 65 year old franchise, the writing was on the wall for Sears Canada for a long time. Unfortunately, for its remaining 12,000 loyal employees, it means they’re without a job before the holiday season.

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Big purchases on your credit card – are they worth the effort?

Posted October 15, 2017 by CCC Staff in

Have you ever considered making a major purchase on your credit card? You’re not alone. Purchasing a good or service on your credit card offer many benefits – cash flow management, consumer protection and of course, rewards.

In some industries like the travel industry, using a credit card to make your purchase is standard (you’ll have a tough time booking a flight without a credit card). But in other industries like home renovations and automobiles, you’ll have a tougher time.

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Why Do Credit Cards Expire?

Posted October 13, 2017 by Craig Jenkins in

Card Expiration

Have you ever wondered why your credit card expires? I recently had this happen to me. My MBNA Smart Cash Mastercard was nearing its expiry date. I was wondering when the new credit card would arrive. Thankfully it arrived about a month before it expired.

That begs the question: is an expiry date on credit cards even necessary? Let’s look at why expiry dates exist and what they’re used for.

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Equifax Data Breach: What Canadians Need to Know – Part 2

Posted September 26, 2017 by cccadmin in

There have been further developments about the major data breach at one of Canada’s top credit reporting agencies. Although we still don’t know the exact number of Canadians affected, it doesn’t appear to be as widespread as first thought.

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3 Credit Card Alerts That Can Make Your Life A Lot Easier

Posted September 21, 2017 by cccadmin in

Do you find yourself using cash less frequently these days? You’re not alone. As we move increasingly closer to a cashless society, it’s important to be aware of the upsides and downsides of using physical money less often. Some of the positives of using your credit card over cash include better consumer protection, rewards and ease of tracking your spending.

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Are Debit Card Rewards Worth Considering?

Posted September 20, 2017 by cccadmin in

Do you prefer using your debit card over your credit card in certain instances? You’re not alone. When you’re at the supermarket, it can be convenient to use your debit card and request cashback at no extra charge. It’s a lot easier than going to the ABM to get cash.

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