Accepting a Pre-Approved Credit Increase

Accepting a Pre-Approved Credit Increase

If you’re a reliable and timely borrower, who always pays their bills on time every month, then it’s possible your bank has preapproved you for a credit limit increase. A credit increase simply means the maximum you can spend on your credit card… Read More


What Happens if I Stop Paying My Credit Card Bill?

What Happens if I Stop Paying My Credit Card Bill?

In North America, debt is a serious problem, particularly when it comes to unsecured credit card debt. Unfortunately, credit cards can be just as much of a burden as they can be a useful financial tool. The responsible use of a credit card (paying your bills on time… Read More


The Secret Behind Your Credit Card’s Minimum Payment

The Secret Behind Your Credit Card’s Minimum Payment

If you currently use a credit card, you know it’s mandatory to pay a certain amount every month. This amount is called the minimum payment, which represents the least amount of money your creditors will accept for the balance you have that month. This amount varies depending on… Read More


What are the Pros and Cons of Prepaid Credit Cards?

What are the Pros and Cons of Prepaid Credit Cards?

In the world of personal finance, there is seemingly no end to the various products, both credit and money related we can sign up for, then use at our leisure. However, our spending habits can easily get out of control, especially when it comes to credit cards. Being… Read More


How to Consolidate Your Credit Card Debt

How to Consolidate Your Credit Card Debt

According to a recent study by TransUnion, there are currently roughly 43 million credit cards in use in Canada. Just in case you were wondering the current population of Canada is around 35 million, this means there are more credit cards in use than people in Canada. When there are… Read More


The Endless Cycle: Revolving Credit vs. A Loan

The Endless Cycle: Revolving Credit vs. A Loan

What is Revolving Credit? Credit card debt is a serious problem that many people will be forced to deal with for years and years to come. It’s so easy to create, but can be pretty hard to get rid of. When you’re tight for cash, using your credit… Read More


Canceling a Credit Card, is it Bad For Your Credit Score?

Canceling a Credit Card, is it Bad For Your Credit Score?

To cancel a credit card or not, this is probably one of the most asked credit and personal finance questions out there. Everyone wants to know should they cancel a credit card that they’re no longer using or keep it open and use pure force of will to simply not… Read More


Beware of The Rewards Credit Card

Beware of The Rewards Credit Card

Rewards credit cards are everywhere. All major credit card providers have at least one type of rewards card to offer their clients and the majority of them have several. It’s more than likely that if you’re an adult and use credit, you have a rewards card and rightly so. Rewards… Read More


The Best Canadian Aeroplan Credit Cards

The Best Canadian Aeroplan Credit Cards

Aeroplan credit cards are credit cards that give airline rewards points to Canadians when used. Currently, there are several Aeroplan credit cards competing for your business and offering tempting sign-up bonuses in order to gain your attention. By applying for any of the following credit cards, you can take advantage… Read More


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