Credit Card Usage in Canada and Around The World

May 2, 2012 by Allan

Credit Card Usage in Canada and Around The World

According to the Canadian Bankers Association, Canadians collectively held 74.5 million Visa and MasterCard credit cards in 2011. That works out to nearly three cards per adult. And that’s just Visa and MasterCard cards. With millions of retail cards issued by stores like the Hudson’s Bay Company and The Brick and it’s no wonder our wallets are bulging, even if there’s no cash in them. But how does this compare to others countries? And what are the implications of our addiction to credit?
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Debit Card Versus Credit Card

May 1, 2012 by Diane

When I’m at the checkout, I often open my wallet and pause for a moment, pondering how to pay. Cash? Nope, I’m saving it unless I’m buying a pack of gum. So it’s often the debate between debit and credit card. The final tally, in many ways, is the same. I buy something, I have to pay for it, either now (debit) or later (credit). But the decision is much more complex if you look at the bigger picture.
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The Secret Behind Credit Card Rewards

April 30, 2012 by Melanie

All reward cards aren’t created equal. Depending on the card you choose, you’ll be offered rewards points, miles, or cash-back. But how do you know what you’re really getting? Which card offers the best deal? And why are more users choosing cash back cards?
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What’s the Deal with 0% Balance Transfer Credit Cards

April 25, 2012 by Melissa

What’s the Deal with 0% Balance Transfer Credit Cards

You’ve seen the credit card offers before: 0% interest on balance transfers, or transfer your outstanding credit card balance and get this great (insert gift incentive here). So what’s the deal? Why would those offers appeal to already cash strapped consumers? Here are the top 2 reasons why you’d want a credit card with a low balance transfer rate.
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Large Majority of Canadians Worried About Personal Debt: Poll

March 26, 2012 by Kelvin Mangaroo

Large Majority of Canadians Worried About Personal Debt: Poll

As Ontarians wait to see how the Province plans to balance its budget, a new poll finds that average Canadians are no better than politicians at managing their spending. A whopping 60.1% of Canadians are not comfortable with their current level of debt, according to an independent survey from RateSupermarket.ca, Canada’s largest impartial rate comparison service. Among the 2,929 respondents from across the country, the leading cause of debt concern by far (38.8%) is credit card debt.
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