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Negative marks to your credit score can happen because of different factors you can’t always control: an unexpected job loss, going through a divorce, physical or mental health issues or just having trouble keeping on top of your finances. When your credit isn’t great, it can affect different parts of your life.
Featured CREDIT CARDS
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Balance transfer credit card
An ideal option for cardholders looking to consolidate and manage debt, the card has a 0% balance transfer offer for 12 months (with 3% transfer fee).
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Secured credit card
Build your credit with guaranteed approval regardless of your credit history for no annual fee (deposit required)…
The best credit cards with mobile device insurance in Canada
– moneysense.ca
What is mobile device insurance?
Credit card mobile device insurance typically includes $1,000 in coverage for a damaged or stolen phone, as long as you purchased the device or pay for the monthly contract using the credit card. The insurance covers only the phone itself—it doesn’t cover the battery or any accessories, such as headphones or a protective case. Pre-owned or refurbished phones are not covered, even if you use the credit card to make the purchase.
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How credit card mobile device insurance works
As with any insurance policy in Canada, there are a few details to watch for when it comes to mobile device insurance…
Allan Norman financial advisor
– moneysense.ca
Allan Norman, CFP, CIM, is a Certified Financial Planner and founding partner of Atlantis Financial Inc., where he provides flat-fee financial planning. He’s an associate portfolio manager with a fiduciary responsibility at Aligned Capital Partners Inc. (ACIP). Writing a regular column for MoneySense and the Financial Post keeps Norman current and discovering new ways to simplify things for his readers and clients.
His career began in 1995 spending two years as a life insurance agent and two years at a bank before forming Atlantis Financial Inc. Over those years he has developed his three-step interactive approach to financial planning: life planning, financial planning, followed by financial advice around tax, investments, and insurance.
In his experience an interactive collaborative approach is much more effective than collecting your information, going away and preparing your plan, and then presenting you with the plan. Chances are it is not your plan because you weren’t there when it was created, and you won’t absorb much…