All Questions
Tagged with canada credit-card
59
questions
48
votes
12
answers
12k
views
How can sister protect herself from impulse purchases with a credit card?
My little sister is 18, and currently has a bank account with a debit card. She and mom believe it might be time to get her a credit card, mostly to build up her credit rating than out of necessity.
...
- 463
40
votes
14
answers
12k
views
Why would someone get a credit card with an annual fee?
I currently just have a Visa credit card. A place I shop at doesn't accept them. I'm looking at getting a second credit card such as Mastercard. I am surprised by how many highly recommended cards ...
- 1,119
19
votes
4
answers
5k
views
How does holding onto an active but un-used credit card affect your ability to get a loan?
I was debating with my friend about my old credit card.
His view is that holding onto an unused credit card is bad for my credit b/c it will count as potential money I can borrow in an instant and ...
- 415
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
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
16
votes
3
answers
4k
views
Why would a restaurant offer a very large cash discount?
I understand that in many cases, merchants would put surcharges on credit card purchases, or offer cash discounts, in order to pay for transaction fees charged by Visa, etc.
However, a restaurant I ...
- 493
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
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
8
votes
1
answer
4k
views
Are Chase credit cards commonly accepted for purchases?
While trying to buy stuff online with a credit card, the options available are usually restricted to Visa, MasterCard and AMEX. I am thinking of getting a credit card from Chase, but where could I ...
- 16k
8
votes
3
answers
33k
views
Are there any consequences to having a negative balance on a credit card?
I have two credit cards, a VISA and a MasterCard.
I primarily use my MasterCard and only use my VISA when MC isn't accepted. I went about 18 months without using my VISA (I didn't use it at all in ...
- 183
8
votes
2
answers
5k
views
As a Canadian, how can I apply for and get a U.S. credit card?
I am a Canadian permanent resident (neither Canadian nor U.S. citizen). I already have a checking account at Harris along with a debit MasterCard. However, there are really nice point-accruing cards ...
- 656
7
votes
3
answers
19k
views
How long after new employment before applying for a new credit card?
I am a recent grad and new employee. I currently only have a $500 student Visa credit card with my current bank branch (2 years).
I began my employment at the end of January (just over 2 months ago) ...
- 243
7
votes
2
answers
398
views
What are the limitations of prepaid payment cards (compared to credit cards)?
I am currently unable to get a credit card¹, but I wish to be able to buy goods from web stores, to buy airline tickets, to rent cars, hotel rooms, etc. Through my bank I only have a Member Card, ...
- 3,223
7
votes
1
answer
166
views
Can I get my payment back on a vacation booked with a company that went into receivership?
My friend booked a summer vacation with a resort/inn located in Ontario that has just gone into receivership. She paid in FULL with a credit card about a month ago.
Is there any way to get her ...
- 8,683
6
votes
5
answers
2k
views
Assuming you already have the money, how to tell when/which day of the month to pay off credit card balance?
Maybe this is a simple question but I have a really bad sense about these type of things. When I got my first credit card the teller "did me a favour" and said if I always paid it off in ...
- 1,119