Making the Most of Your Credit Card on Black Friday and Cyber Monday

Posted November 22, 2018 by CCC Staff in

Boxing Day move over, there’s a new number one shopping day in town. Ever since Black Friday and Cyber Monday arrived in Canada several few years ago, Canadians can’t seem to get enough of them. With another record year expected, we thought it would be the perfect time to talk about credit cards. Here are the ways to make the most of your credit card on Black Friday and Cyber Monday.

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Some Retailers Setting Thresholds on Credit Card Purchases

Posted November 6, 2018 by Craig Jenkins in

I was recently in Kensington market in Toronto when some fresh raspberries caught my eye at a local supermarket. I went inside to pay with my credit card when I was informed by the store clerk that I could only pay with credit card if I spent at least $20. This was more of an impulse purchase and I wasn’t close to the $20 threshold and I didn’t have the cash on hand, so I left the store without buying the raspberries.

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Don’t cut up your credit card!

Posted October 10, 2018 by CCC Staff in

Cutting Up Credit Card

Have you shunned your credit cards once and for all? You’re not alone. Maybe you had a bad experience. If you’re dealing with a lot of high interest debt, it’s easy to blame credit cards. It can be tempting to finally pay off your outstanding balances, cut up your credit cards and be done with them once and for all. While you may have good intentions when you aim to live a credit card free lifestyle, it can come back to haunt you later on.

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The Taxman and Loyalty Points

Posted October 5, 2018 by cccadmin in

Couple Doing Taxes

Us Canadians love our loyalty points. But before you redeem your points, be sure to understand the tax consequences, especially if you earned those points through your work.

Now, I know what you’re thinking. Tax consequences, what, tax consequences? And you’d be right in most cases. If you’re using your personal credit card to earn and redeem loyalty points, then there wouldn’t be any tax consequences from earning and redeeming them.

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5 Things to be Thankful About Your Credit Card This Thanksgiving

Posted October 2, 2018 by CCC Staff in

Can you believe it’s almost Thanksgiving already? It seems like summer was only yesterday. New Year’s is often a time we like to reflect about the year that was and set personal goals for the coming year, but it seems like we often take the good stuff in our lives for granted. Our family, friends, job and health to name a few. Something else we can add to that list is our credit cards.

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The Best Ways to Pay Off Your Credit Card Debt

Posted September 25, 2018 by cccadmin in

Debt Strategies

Are you carrying a balance on your credit card? You’re not alone. In fact, carrying a balance on your credit card these days is as Canadian as Tim Hortons or Saturday night hockey. Two of the main drivers behind the rise in credit card debt are a push towards a cashless society and the low interest rate environment.

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