Tag Archive: featured

Millennials are warming up to credit cards, but on their own terms

Posted August 14, 2015 by CCC Staff in Personal Finance

Young adults are increasingly wary of big banks. In fact, they pretty much hate them. According to a U.S. study, millennials said large banks made up four of their top 10 most hated brands. That’s powerful, and damning to an industry entrenched in old ways. For large banks, the challenges are many and they will no doubt face competition from savvy financial-tech start-ups like Borrowell and Koho.

3 Ways Credit Cards Can Help With Your Wedding

Posted August 5, 2015 by cccadmin in Personal Finance

Wedding decorations and floral arrangements can cost more than $1300!

Getting married is a joyous occasion – it’s also a costly one. The facts don’t’ lie – the amount couples spend on weddings keeps going up each year. The average cost of a wedding comes in at $22,429, according to a WeddingBells.ca survey. If you’re planning to take a honeymoon, it will cost you even more – on your wedding and honeymoon together be prepared to spend an average of $27,899. By using your credit card responsibly (only charging what you can afford to pay off in full), it can lend a helping hand on your wedding day.

When You Move, Don’t Let Bills Haunt Your Credit

Posted July 30, 2015 by CCC Staff in Personal Finance

Photo credit: Matt Cornock via flickr CC BY-NC 2.0

With the real estate market booming, housing is becoming increasingly expensive. There seems to be no end in sight for home price increases. The average detached home costs over $1.1 million in Toronto and Vancouver. With home prices heading towards the stratosphere, first-time homebuyers face the risk of being priced out of the real estate market.

The Bank of Canada Slashes Interest Rates to 0.5 Per Cent

Posted July 21, 2015 by cccadmin in Economy, News

Bank of Canada Building by dneuman

Those with debt tied to the prime rate have reason to celebrate. The Bank of Canada has decided to once again to slash interest rates. After leaving interest rates frozen for nearly five years, the longest stretch in Canadian history, our central bank has already cut interest rates twice in 2015.

Aeroplan Talks Major Improvements in Rewards Program

Posted July 15, 2015 by CCC Staff in Credit Card Tips, News

Popular travel rewards program Aeroplan has received its fair share of criticism over the years for its costly redemption system. Last year the Toronto Star wrote an article on an Aeroplan member who was faced with $2,200 in fees and taxes for a so-called free flight. In another article, many readers expressed anger in the way Aeroplan rewards are calculated and the amount of fees and taxes paid for flight redemptions. To say Aeroplan has received bad PR would be a huge understatement.

Purchasing Your First Home: 3 Things to Consider

Posted July 9, 2015 by CCC Staff in Personal Finance

Purchasing your first home is a major life-altering decision. Similar to getting married and starting a family, buying your first property has a major impact on your life and finances. Before you can purchase a home, it’s important to prepare ahead of time. Here are three things to consider when purchasing your first home.

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