Category: Credit Card Tips

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.

Continue Reading »

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.

Continue Reading »

3 Ways to Make the Most of Your Credit Card for Back to School Spending

Posted August 31, 2017 by CCC Staff in

Can you believe school is back in session? It seems like summer flew by in the blink of an eye!

Back to school isn’t getting any cheaper for parents. In fact, quite the opposite. Here’s a fact that may surprise you: Canadian families spend on average more on back to school than during the holidays. This is backed by a recent survey by online deals website Canadians families expect to spend $883 on back to school supplies in 2017, more than $325 more than during the holidays last year.

Continue Reading »

How to Avoid the Minimum Payment Trap

Posted August 29, 2017 by CCC Staff in

As our saying goes, credit cards are a powerful financial tool when used responsibly. It’s when you misuse your credit card that it can cause you financial pain.

In today’s low interest rates environment where money is ultra-cheap (except credit card interest and payday loans), it’s easy to find yourself in what we like to call the “minimum payment trap.” It goes something like this: you rack up a lot of credit card debt for one reason or another and before you know it, you get in the habit of only paying the minimum payment.

Continue Reading »

Parting Ways with Aeroplan? Here’s How to Find a New Travel Reward Program

Posted June 22, 2017 by cccadmin in

Don’t get too attached to any one travel reward program. That’s the best advice I can give in today’s increasingly competitive credit card space. You work hard for your money – and your reward points. The last thing you want is to jump through hoops to book your dream vacation. But that’s just what some of the travel reward programs make you do. Some way to reward loyal cardholders!

Continue Reading »