June 12 Update: Turo offer for Amex cardholders, new Centurion Lounge to open in Phoenix & Air Canada Business Class sale + MORE Jun 13th
May 22 Update: Netflix will be a 3x points streaming service for Scotia Gold Amex, some cards you should grab now and some you should wait for + MORE May 22nd
Using the Scotiabank Gold American Express card to redeem for any travel - whale watches included! + MORE Apr 16th
Looking for a new credit card but confused by all of the options available and what their terms really mean? Maybe you want a credit card so you can shop without having to use cash for purchases. Or, maybe you’ve heard about travel rewards cards that let you use points for flights and hotels. No matter your reasons for needing a card, finding the right one is a must. Let’s explore how to open a new credit card and what all the terms mean. And, we’ve included a few travel rewards cards (so you can plan your next trip!).
How to Open a New Credit Card
A credit card is a form a debt you must pay back. When you open a credit card, you’ll apply on the bank’s website. They will ask for your social security number, date of birth, address and salary details.
Some banks will give you an approval within seconds and some will respond by mail. They’ll tell you if you are approved and the credit limit.
Learn the Credit Card Terminology
Credit cards can include benefits like cash back or travel rewards…
Equifax Canada and U.S.-based parent Equifax Inc. failed to “implement appropriate security safeguards given the volume and sensitivity of the personal information held by Equifax Inc.,” according to the Office of the Privacy Commissioner of Canada (OPC).
In May 2017, Equifax suffered a security breach affecting an estimated 19,000 Canadians, who had their social insurance numbers and other identifying information stolen. This attack was not publicly disclosed until September 2017, nor were Canadian consumers immediately notified of the breach, despite their data being stored on servers in the U.S. In addition, remedies offered by Equifax to U.S. users of Equifax, such as a credit freeze, were not offered to Canadians.
In the investigation report published today, the OPC found that Equifax’s safeguards failed to include “basic information security practices,” and were “indicative of long-term systemic issues.” Crucially, Equifax Canada relied on the policies and practices of parent company Equifax Inc…
April 11 Update: 100 bonus AIR MILES at Rexall this weekend, Amex Platinum Card access to Lufthansa lounges extended & a great KLM seat sale!