All Questions
Tagged with canada credit-card
59
questions
1
vote
3
answers
144
views
Exceed the limit on Credit Card #1 or use available limit on Card #2?
Suppose that you have two Credit Cards (denominate them CC), each with a limit of $2000 CDN.
CC1 is preferred (because it offers Cash Back), but has a Current Balance of $600.
Thus, even if I pay the ...
user44213
1
vote
1
answer
88
views
To maintain Credit Score in Canada, should I use a Canadian Credit Card with no Foreign Transaction Fees in England?
I am Canadian who will spend 9 months in England and 3 in Canada for the next 5 years. My 1 Canadian Credit Card (henceforward CCC) charges Foreign TRANSACTION Fees (FTF), and thus
I am considering ...
user44213
1
vote
1
answer
82
views
Does a Canadian Equifax credit report have one's age on it?
I have never got a credit report before and I want to know whether it includes age because I need to show it to rent a place but I'm not comfortable with anybody knowing my age. Credit reports from ...
- 361
16
votes
9
answers
13k
views
I unknowingly went $1200 over my credit card limit, how do I fix it?
I got a RBC Visa in Canada which I continued to use trusting that I could never go over my limit (except maybe $100 over as stated by a teller to me when I asked why was I able to go $1200 over).
So ...
- 361
10
votes
2
answers
1k
views
Am I responsible for an annual fee on a credit card I never picked up?
I just received a bill for a VISA card at a bank where I'm not a customer. There is just one charge on the card and it is for an annual fee of $120. The card is not actually made out to my name, but ...
- 191
4
votes
2
answers
2k
views
How long should one wait before reapplying for credit card after account closure
I have recently come out of some financial trouble. I had about 4 collection agencies I owed money to and 2 credit card accounts that had been frozen and closed.
I have now paid off both credit cards ...
- 213
18
votes
3
answers
48k
views
If I were to buy something a day before my due date for my credit card bill, would I be charged interest?
First of all, I am a resident of Canada.
I am new to credit cards, so I hope my question makes sense. I've had my card for a few months ago and I've always paid the balance in full by the time the ...
- 189
6
votes
2
answers
848
views
Unable to pay even the minimum payment on credit card
I was in USA for last 10 years, and I am not able to repay the credit-card payment, not even the minimum payment due. I was paying the minimum payment due before, but as I do not have a job anymore I ...
- 61
6
votes
5
answers
2k
views
How can people have such high credit card debts?
Apparently, the average US household has US$16000 in credit card debt, with even college graduates having US$2000 by the time they graduate. In Canada, this figure is almost CA$27000. For comparison,...
- 3,223
1
vote
1
answer
428
views
If I buy a $0 subsizided phone with a carrier, can my credit card extended warranty apply to the phone purchase?
I'm currently considering getting a subsidized phone for $0 with a 2 year contract through some Canadian carrier. I'd like to use one of my credit cards that extends the manufacturer warranty up to 2 ...
- 113
1
vote
1
answer
4k
views
Why does the American Express credit application ask how you want your name to appear?
On the Canadian credit application for an Amex card after it asks for your full name it asks next: how do you want your name to appear on the card? I don't remember Visa asking this. Does this mean we ...
- 361
2
votes
0
answers
166
views
How soon (after your first credit card statement ever) do you get a credit file/history in Canada?
How many days after your first credit card statement EVER does one get a credit report on file with one of the two Canadian bureaus? I'm trying to develop Canadian credit on my first credit card and I ...
- 361
0
votes
1
answer
409
views
To prevent credit score decreases, what are the optimal frequency and number of credit card applications in Canada?
The bolded seems anecdotal; is there any official source?
http://www.moneysense.ca/debt/know-your-credit-score: While you can check your own credit as many times as you’d like, others can only ...
user10763
0
votes
2
answers
432
views
In Canada, can a rejected credit card application hurt?
These two conflicting articles by the same author apply to the US, but what about in Canada? I'm only interested in one or two credit cards, so should I just apply singly one at a time?
Will a ...
user10763
14
votes
4
answers
2k
views
Explanations on credit cards in Canada
I recently moved from France to Canada, and am a bit lost regarding the way credit cards work in North America. Let me explain my understing to give some context to my question:
In France, one has ...
- 243