The “Big Five” Canadian banks 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). Are there other viable options?
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The moment you redeem your credit card rewards can feel exhilarating. Maybe you’ve treated yourself to new merchandise, event tickets, or a free flight. But, when it is time to upgrade your credit card or cancel it altogether, the outcome may not be so joyous.
Depending on the type of rewards car.... More »
Switching to a better bank account Dec 16th
Almost every adult Canadian has a bank account, according to the Canadian Bankers Association. And there are practical reasons for that: most of us need a bank account to cover rent or mortgage payments, receive paycheques and to maintain our lifestyles.
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Canada’s best student credit cards for 2022 Aug 22nd
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The best banks in Canada Oct 17th
Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
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What to Do if Your Credit Card Application is Rejected
– ratesupermarket.ca
With so many ads and promotions floating around, it may appear that companies are practically giving credit cards away. However, when you apply for a credit card there is absolutely no guarantee you’ll be approved.
There might be a perfectly “good” explanation for why you were rejected. However, if you believe you have a solid credit history, the first thing to check is whether or not your identity has been compromised. Once that has been clarified, think about what could be causing you to have a questionable credit score. There are ways to improve your situation to ensure your next application is approved.
If You Thought You Had a Good Credit Score, but …
There’s no need to panic if your credit card application is rejected, but it is important to investigate why you were turned down. It’s a good idea to call the credit card company directly first. Sometimes there can be a simple explanation – for example, you applied for a credit card but didn’t meet the minimum requirement or the company was missing a piece of information…
