With the international holiday of love, Valentine’s Day, a couple weeks ago, we thought it would be the perfect time to look at this tongue-in-cheek poll. You probably already know your credit score can affect your finances, but did you know it can also impact your love life? According to a new poll, good credit is more important than good looks for millennials looking for a soulmate.
67 percent of millennials surveyed said they’d choose a partner with a good credit score over good looks, finds a poll by digital financial company MOGO.
Continue Reading »
Are you tired of paying your credit card’s annual fee? You’re not alone. While annual fees can make sense for some people (usually big spenders), for others the math simply doesn’t add up. Unless the rewards you earn outweigh the annual fee, you’re usually better off going with a no fee version. If you’ve been paying an annual fee for years like clockwork, here are four helpful ways to try to avoid it.
Continue Reading »
Credit cards have become ubiquitous in our society. Credit cards outnumbers Canadians by over a two-to-one ratio. There are over 72 million MasterCard and Visa cards in circulation in Canada, according to the Canadian Bankers Association.
While credit cards are great for buying things like groceries and gas, they aren’t necessarily ideal for all purchases. Last week we covered 4 Things to Charge on Your Credit Card. This week we wanted to go along a similar theme and look at 4 things you shouldn’t charge on your credit card. Here are some situations when using your credit card may not make sense.
Continue Reading »
As our motto goes, credit cards are a powerful financial tool when used properly. Credit cards are great for earning reward points and managing your short-term cash flow. To make the most of your credit card, avoid carrying a balance at all costs. Here are some situations when using your credit card makes the most sense.
Continue Reading »
Have you ever wondered how credit card payment posting works? Most people don’t bother to ask about how long it takes until they need it. Let’s say you make a lot of costly purchases on your credit card for home repairs this month. Your credit card balance is near your credit limit, but you still need to make more purchases. If you have the available cash on hand, you can pay your outstanding balance and free up some credit. The length of time it takes to post to your account depends on the payment method you use.
Continue Reading »
As the saying goes, parting is such sweet sorrow. Sometimes the writing is on the wall for a credit card that was once your favourite. Credit cards can get closed for many reasons – new fees, better alternatives, and cut reward programs, to name a few. Before you close your credit card, it’s important to know that timing is everything. Let’s take a look at different types of credit cards and when it can be good time to close them.
Continue Reading »
