All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
RWRDS Daily Update – April 16, 2024 + MORE Apr 16th
Earn up to 100 bonus AIR MILES at Shell this week, Strawberry Hotels Summer Pass: Purchase 5 nights for €495 or 10 nights for €890 for stays in Scandinavia & the Baltics and Catch up on This Week in RWRDS. Check out today's points & miles updates here:
The post RWRDS Daily Update – A.... More »
Webb telescope is about to take an unprecedented look at these intriguing exoplanets - CNN + MORE Nov 19th
Webb telescope is about to take an unprecedented look at these intriguing exoplanets CNNNASA's huge James Webb Space Telescope is one month from launch Space.comScientists eagerly await James Webb telescope to discover stars, exoplanets UPI.comThe name of NASA's most.... More »
Will credit card debt affect my mortgage application? + MORE Mar 25th
If you’re shopping around for a mortgage, you probably already know that lenders ask for a ton of financial information before determining how much you can borrow. That list includes your household income and how much you owe—including credit card debt, car payments and unsecured personal loans..... More »
RWRDS Daily Update – November 22 + MORE Nov 23rd
Here’s your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Two new Amex Offers New Amex Offers came out yesterday that offer statement credits for Fresh and Microsoft: Spend at least $100 in qualifying purchases using your .... More »
RWRDS Daily Update – August 18, 2023 + MORE Aug 19th
Member Extras benefit clarified for the Platinum Card from American Express and we review the BMO CashBack World Elite Mastercard. Check out today's points & miles updates here:
The post RWRDS Daily Update – August 18, 2023 appeared first on Rewards Canada..... More »
How Old Do You Have To Be To Get a Credit Card in Canada?
– canadianfinanceblog.com
Credit cards can be a great way to build credit history and accumulate rewards points or cashback. But how old do you have to be to get a credit card in Canada? And just because some types of cards are available to teens, should they have one?
With power comes responsibility. Before you rush out to get your teen a credit card, find out what types of cards are available to them and what every teen should know before getting their first one.
Can You Get a Credit Card If You Are Under 18?
Technically no, according to current legislation, you cannot get your own unsecured card until you reach the age of majority in your province.
But that doesn’t mean your teen is out of options. There are many ways teenagers can get access to credit cards before they reach the age of majority.
How Old Do You Have To Be To Get a Credit Card in Canada?
To get an unsecured credit card in Canada, you have to be the age of majority in your province/territory. Here is a breakdown by province and territory:
Must Be 18 Years Old
With power comes responsibility. Before you rush out to get your teen a credit card, find out what types of cards are available to them and what every teen should know before getting their first one.
Can You Get a Credit Card If You Are Under 18?
Technically no, according to current legislation, you cannot get your own unsecured card until you reach the age of majority in your province.
But that doesn’t mean your teen is out of options. There are many ways teenagers can get access to credit cards before they reach the age of majority.
How Old Do You Have To Be To Get a Credit Card in Canada?
To get an unsecured credit card in Canada, you have to be the age of majority in your province/territory. Here is a breakdown by province and territory:
Must Be 18 Years Old
Alberta
Manitoba
Ontario
Prince Edward Island
Quebec
Saskatchewan
Must Be 19 Years Old
British Columbia
New Brunswick
Newfoundland & Labrador
Northwest Territories
Nova Scotia
Nunavut
Yukon
Credit Card Options for Teenagers under 18
Just because a teen can’t get their own unsecured credit card under 18 doesn’t mean they don’t have options…
Here’s your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Air Canada’s generous refund policy for Aeroplan flight rewards tickets has been extended by one month to May 31 from April 30. This means all flights booked by that date can be changed or cancelled free of charge. Learn more here.For changes, you’ll pay only the difference in points, or receive a partial refund if your new itinerary requires fewer points.For cancellations, you’ll receive all of your Aeroplan points back in your account, plus a full refund of any associated taxes, fees and surcharges on the unused value of your travel. (Note that refunds will not apply for previously-charged fees, including contact centre booking fees and change fees, or for government taxes and fees which are non-refundable by law.)Beginning June 1, 2021, Aeroplan flight rewards booked through May 31, 2021 will be eligible for a one-time free change or cancellation…
