Applying for a credit card: What you need to know + MORE Jan 11th

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?

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Applying for a credit card: What you need to know

– moneysense.ca

There are many great reasons to carry a credit card. Beyond the convenience and purchase protection included with many credit card purchases, they’re also important financial tools for establishing your credit history and borrowing money—both of which you’ll need if you want to make a major purchase, get a loan or take out a mortgage.

“The longer you have a credit account open and in use, the better it is for your score. Your credit score may be lower if you have credit accounts that are relatively new,” reports the Financial Consumer Agency of Canada (FCAC). Applying for a credit card is a financial commitment to be taken seriously, but the process is considerably simpler than applying for a mortgage or a personal loan. If you want to know how to apply for a credit card, and how to find the right card for you, you’ve come to the right place.

What do you need to apply for a credit card?

Basic application information

Whether you apply online or in person, you’ll need to have the following on hand:

Full legal nameDate of birthEmail addressCanadian home address: In some cases, you might also have to supply data about how long you’ve lived there, plus past addresses…

Continue Reading On moneysense.ca »

RWRDS Daily Update – January 10, 2024

– RewardsCanada.ca

Five new confirmed Amex Cobalt Multipliers in Canada and the U.S.; Two new RBC Offers for Petro-Canada and Saxx and American Airlines makes small improvements to the AAdvantage program. Check out today’s points & miles updates here:
The post RWRDS Daily Update – January 10, 2024 appeared first on Rewards Canada.

Continue Reading On RewardsCanada.ca »

Not sure what the best Credit Card rates in Canada are? Be sure to get the best rates possible – Visit our Credit Card page for details.

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