The “Big Five” Canadian banks offer investment funds 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). Let’s explore the best place for you to invest.
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This story is part 3 in a series on financial caregiving for seniors. Read others in this series:
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When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
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What happens if you get rejected for a credit card?
– moneysense.ca
You’ve applied for a new credit card, hopeful for the convenience and benefits it could bring, only to receive notice that your application has been declined. It’s a situation that may stir up a mix of emotions—frustration, confusion, and perhaps even a bit of embarrassment. But rather than brushing off the rejection, it’s important to understand why you might have been declined. This will help you gain valuable insight into your financial health so you can take proactive steps to improve your credit for your next credit card application. Not doing so could limit your financial options down the line.
Not sure where to start after having your credit card application declined? We’ll walk you through the possible reasons why your application was rejected and the steps you can take to enhance your chances of securing credit in the future.
9 reasons why your credit card application may be declined
If your credit card application is declined, it’s helpful to understand why the lender might not have approved you for new credit at this time…
