Review: Scotia Momentum Visa Infinite Card

Posted October 2, 2013 by CCC Staff in

Cash back cards are a great option for those financially-responsible, savvy-spender types. You know, the guy or gal who is never late with a payment, pays their credit card balance off each month, and uses their card for…well, everything.

Since cash back cards generally come with higher annual fees and interest rates, they’re better suited for those who consistently live within their means and pay on time. If you fall in this category you should consider switching to a premium cash back card. According to Moneysense, one of the top cash back cards in Canada is the Scotia Momentum Visa Infinite Card.

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TD Canada Trust & CIBC Cardmembers: Facts About Aeroplan Deal

Posted September 26, 2013 by CCC Staff in

Aircanada_aeroplan_card_3584

Sometimes in a relationship you just want out, other times you’re willing to ‘see other people.’ The latest drama in the Credit Card Soap Opera shows CIBC is willing to let Aeroplan see other people, instead of calling it quits all together.

The Globe and Mail recently reported that TD Bank and CIBC agree to split current Aeroplan accounts and share the role of being Aeroplan providers for the next 10 years. Many Aeroplan cardmembers with TD Bank and CIBC are outraged and confused by the news, stating they have yet to hear directly from the banks about the upcoming switch. We’ve put together a quick breakdown for current confused cardholders…

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Student Credit Cards: Build Credit, Not Rewards

Posted September 16, 2013 by CCC Staff in

BuildingCredit_2

Get Double The Points, Earn Extra Miles or Receive Bonus Cash Back! It’s hard these days to come across a credit card offer that’s not promoting some sort of rewards program. Issuers are offering more and more rewards these days in an effort to get you to sign up for their special credit card. And, with many offering extra points, double miles and more cash back for certain purchases, why wouldn’t you want one?

While rewards cards might be extremely popular, they’re not always the best option…especially for students just starting out.

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8 Things To Discuss BEFORE Walking Down the Aisle

Posted August 15, 2013 by CCC Staff in

Marriage

‘Tis the season of wedding registries, Best Man speeches and First Dances. Yes, summertime is definitely the season for weddings. An estimated 165,297 weddings will take place this year in Canada, with almost half of those couples saying ‘I do’ between July and September. Not surprisingly, August comes in as the most popular month for those blessed nuptials. About 82,000 are getting married this month alone.

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Will Future Generations Be Completely Cashless?

Posted August 1, 2013 by CCC Staff in

Lucky Loonie

With cash transactions only accounting for 20% of transactions in 2009, compared to 50% in 1990, many experts believe we are quickly moving towards a cashless society.

Not only are we using credit cards for almost everything, but we are also increasing our online shopping and banking – leaving our local ABMs sad & lonely. Think about it, when was the last time you had to wait in a long line for the ABM? In ten short years we have seen a dramatic decline in the use of cash. But, will this trend continue, leaving future generations completely cashless?

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Cash Advances Create ‘Sharknados’ of Credit Card Debt

Posted July 22, 2013 by CCC Staff in

Loan Shark

It’s the end of the month and you just need a few toonies to get you through pay day… so you take your credit card down to the nearest ABM. You easily walk away with cash in hand, now able to pay rent or eat at your favourite ‘cash only’ cafe.

That was simple enough, eh? Like a trustworthy friend, your credit card was there for you in your time of need. There to loan you cash, no questions asked.

You may think your card was looking out for you, but, what you may not realize is once you removed that cash from the ABM, your card just transformed into a dangerous Loan Shark!

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