Breaking up is hard to do. Credit cards are a lot like relationships. It’s not always easy, but sometimes it makes sense to break up with your credit card. If you haven’t used your credit card in months and it’s collecting dust in your dresser drawer, clearly you’re not the match you once were. Perhaps it’s time to make a change? At one time you may have been the perfect match, but people, and cards, change. You may not be compatible anymore (or you may not have been compatible to begin with). Here are some good reasons to consider breaking up with your credit card.
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Pump jacks on a oil field in Southern Alberta
Oil-producing provinces are feeling the pinch from lower oil prices. While delinquency rates stayed the same or dipped in most provinces compared to the fourth quarter of 2014, delinquency rates rose in oil-rich provinces, according to Equifax Canada.

Amex Centurion Lounge – Mexico City Airport – Photo via flickr by TravelingOtter
Credit cards come with a lot of perks, including some cardholders may not be aware of. While you’re certainly aware of reward points, you may not be aware of some of the lesser-known perks like early concert tickets. Many of the annual fee credit cards offer cardholders these extra goodies as a way to thank cardholders for their loyalty. Let’s take a look at five of these perks you may not know you had.
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.
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.
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.