best balance transfer credit cards canada
- Posted April 03, 2010 by Monty Loree

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Best Balance Transfer Credit Cards Canada

A credit card balance transfer basically is moving the debt from one particular card to another credit card. It is regularly an excellent technique to set aside money for savings. Various credit card companies offer an interest free period on balance transfers to new clients. This is the common promotions that card issuer gives to be able to attract more new customers. Clients can merge their payables by transferring the balance from more than one card or be able to get a new credit card having lower interest rate. Switching to a credit card that does have 0% balance transfer can provide a huge savings for the card holder for a period of 16 months.

Most clients have specific goals and objectives when they are using balance transfer credit cards. Usually, card holders are searching ways to lessen their high interest debt; however, clients are maximizing their full financial prospective by leveraging all their assets, as well as maintaining a good credit score. Commonly, card applicants pick best balance transfer credit cards Canada offering no interest charging for introductory balance transfers. In addition, client have learned that transferring credit balances and deposit them into high interest bank savings accounts would allow them to earn free money. Several card issuers guarantee the new clients that balance transfer process would be very quick by allowing the card user to demand a balance transfer check payable to the full credit limit set with the credit card.

On the other hand, card issuers appear to be slowly phasing out profitable no balance transfer fee offers. 0% balance transfer fee opportunities provided by the card issuer will not be available most of the time as banks and card companies do change their credit card promo and benefits. As a tip to the card applicants, always remember to read credit card terms carefully and compare it with other credit card from the different card issuers.

Good Credit - Excellent Credit

This will talk about actual best balance transfer credit cards Canada from different issuers that give low interest rate. What is common about these credit cards is that they are giving 0% balance transfer fee for a certain period. The time spans before the special interest rate goes back to its permanent rate usually are up to 18 months. Try to check each card feature and benefits and compare one another. In this way, you can choose or pick the best balance transfer credit card that would help you save much cash over your credit spending.

Overview

These cards are for those individual who are using credits. These individual want to carry a balance on their credit card and have the lowest interest rate possible for balance transfer as well as other card transactions. Credit cards with low balance transfer rates are for those card applicants that have established an excellent credit history after using credit cards in the past.

Carry a Balance - Lowest Interest Rate

MBNA Platinum Plus® MasterCard® Credit Card – 1.99% for 10 months

Having a good credit brings immense benefits. In addition to a low initial Annual Interest Rate on best balance transfer credit card Canada and doesn’t charge any annual fee, this MasterCard offers a high credit line to clients qualifying for this card. But this would be available for those card applicants who have good credit history as well as with its credit rating with their other credit cards. This Platinum Plus® MasterCard® credit card has a low 1.99% introductory interest rate for 10 months on Balance Transfers and Cheque Cash Advances.

Other features of the card are listed below:
• No Annual Fee that gives less burden on payment obligations.
• Credit limit up to $100,000 and could be stretched further if you are a good creditor.
• Emergency replacement within 48 hours for lost and stolen cards are free of charge.
• Online access to your credit card account is available by just login in the internet with secured login password.
• International acceptance at millions of locations around the world even in diverse areas
• Around-the-clock fraud protection that gives assurance of safety and risk-free for the clients.
• Immediate cash access at 430,000 ABMs internationally
• 24-hour customer service team that is always ready to help.
• Emergency services like lost document and ticket replacement, lost luggage assistance, travel accident insurance, auto rental insurance are also catered on the services of the company.
• Best Balance Transfer Credit Cards Canada

MBNA Gold MasterCard® Credit Card – Fixed 9.99% AIR

Clients who are not eligible to have the Platinum Plus® MasterCard® credit card could avail for this good credit card. This has a common feature with the Platinum Plus® card but a difference in their interest rate exists. This card has a fixed 9.99% annual interest rate. This card is still considered as a good and preferable card for clients. Using this card for a certain period of time until making an excellent credit history won’t get you into trouble in paying your balances along with the interests but instead, it makes you a candidate to apply for the best MasterCard credit card that is available.

Here are some features of the credit card:
• No Annual Fee for the card holder.
• 9.99% Annual Interest Rate on Purchases and Cash Advances are offered and is considered a fair rate for the client.
• Around-the-clock fraud protection that gives assurance of safety and risk-free for the clients.
• Online access to your credit card account is available by just login in the internet with secured login password.
• 24-hour Customer service that is always ready to help.
• Immediate cash access at 430,000 ATMs internationally
• Emergency services like lost document and ticket replacement, lost luggage assistance, travel accident insurance, auto rental insurance are also catered on the services of the company.

Capital One® Platinum Prestige Card

This card requires an excellent credit history which means that card applicants who are eligible are only those who have build up an excellent credit history. This card has a 0% annual interest rate only for purchases and balance transfer until May 2011. Clients would get more savings for this card due to the 0% APR. However, once the date has passed, everything will be back to normal. So, for clients who are planning to have this credit card, maximize the features of this card by using the card as often or most of the time before the due date will be reached. Best Capital One Credit Card Canada

Here are extra benefits of the credit card:
• No annual fee is charged for this card.
• 3% interest of the amount for cash advances but not less than $10.
•Travel benefits offered: Master RoadAssistTM, MasterCard Global ServiceTM, MasterAssistTM Travel Assistance Service for client safety all the time.
• Travel accident insurance is also given aside from the safety assistance.
• MasterCard PayPass™ give convenience in paying bill for the card holder.
• Tap-to-Go system when using the card to have less hassle from card swiping.
• 27/7 standby customer service to phone or online.
• $0 fraud liability is assured for unauthorized card holder using the credit card for any transactions.
• 3% interest on balance transfer after May 2011.
• After May 2011, the APR returns back to 24.90% on cash advances and 11.90% on purchases.

Capital One SmartLine™ Platinum MasterCard

This is one of the best credit cards that Capital One offers. But this credit card requires an excellent credit history. This means that with your past credit card usage, you must not have any single penalties acquired and your credit rating must be high. The interest that comprises this card is at 5.99% which is best for individuals that save money on interest. This card is composed of great benefits that would give the card holder maximum convenience it can offer.

More features of the card are listed below:
• No Annual Fee which means less responsibility on payments.
• 19.8% interest on Cash Advances is not good rate for this kind of card service.
• 5.99% on Purchases and Balance transfers guaranteed for 3 years. This must require the card holder to sustain agreement status. The interest rate switches to a variable rate of Prime +3.75% on purchases and balance transfers after 3 years of being a card user for the company.
• Balance transfers don’t entail any fee or charges.

Citi® Platinum Select® MasterCard®

This is an attractive credit card only for clients who do have good or excellent credit history. The introductory interest rate offers start with the best balance transfer credit cards Canada which is 0% as well as on purchases for 18 months time. This card doesn’t have any annual fee charges. This card allows a lot of savings for the client for a specific period of time. However, after the 18 months grace period given, the card users still can save but not as much as having the introductory rates. List of additional benefits are given below.

Here are the features of the credit card:
• Having the card you may become eligible for an unsecured card after 18 months of card usage.
• $0 liability on unauthorized charges made into the client account.
• Citi® Identity Theft Solutions protects the account and personal information of the card holder.
• No required income or co-signer to start building a record of account performance.
• With retail purchase protection, the items purchased with your card are safe against accidental damage or theft for up to 90 days from the day the product is bought.
• Tap-and-go system of Citi MasterCard® Payment Tag with PayPassTM is a new innovation where you just tap your card rather than the old system of swiping it.
• Citi® Credit Card Benefits & Services offers cash or rewards such as American Airlines® awards and travel benefits to cash back and college saving.
• APR on purchases is as low as 9.99%.
• 3% interest rate for cash advance and balance transfer with a minimum amount of $5.

Chase Freedom Visa $100 Bonus Cash Back

This credit card gives many rewards to the client starting from the cash back of $100 during the first purchase of the card. It has 0% introductory annual percentage rate and no annual fee being charged for this Chase Freedom Visa to its user. Check out the additional benefits offered for this card.

Chase Freedom Visa offers you more benefits:
• 5% cash back offers is returned to the card holder when purchasing gas, home improvement and department stores.
• Get additional 20% cash back when buying with the specific merchant online using the Chase credit card.
• 1% cash back for all the credit spent – no spending tiers or caps on how much you can earn.
• $50 bonus cash back during the card first purchase.
• No annual fee as well as introductory APR.

Chase Slate Card

Slate from Chase credit card gives you the capacity to propose your own payment arrangement. There are four ways to pay off your balance and these are the following: Full Pay, Split Pay, Finish It and Track It. Full Pay allows you to keep away from paying interest on everyday items, such as gas and groceries, when you pay settle your balance each month. These are routinely divided on your billing statement. Split Pay allows you to pay off larger purchases on your own provisions, you create a date or do monthly payment and these items will be made into half reflected on your statement. Finish It allows you to pay down your whole balance sooner by making a date or paying at the end of the month. Track It allows you to take note of your transactions and check your payment development in real time.

The introductory period is based on the application and level of credit history. If you qualify for Elite and Premium Pricing, you will be granted a 0% APR on purchases and balance transfers for the first 6 billing cycles following the opening of the account. If you qualify for Standard Pricing plan, you will enjoy a 0% APR on balance transfers for the first 6 billing cycles of the account opening.

Chase credit card offers the following as additional features:
• 0% APR up to 12 months is offered by the card issuer.
• The APR on purchases is at 11.24%.
• When having cash advances, the APR is at 19.24%
• No annual fee is charged to the card holder.
• Balance transfers have an interest of 3% with a minimum of $5 while cash advances have a minimum of $10.
• Dedicated service advisors are on standby 24/7.
• No annual fee charge even if the card company is giving all the card benefits it can offer.

Discover® More® Card

This credit card gives the card holder 0% APR for 12 months and 6 months for purchases. The company only charge regular APR for only 11.99% which is low compared to other credit card issuer’s rates. The card doesn’t have any annual fee which is an extra saving for the client. This card has mentioned some of its feature and benefits. Check out more of it below.

Other benefits of Discover® More® Card:
• No uncertain intro terms are assured for this kind of credit card.
• 0% APR on Balance Transfers for a full 12 months and once exhausted, regular APR is just 11.99% low compared to other cards.
• 0% APR on Purchases for a full 6 months is guaranteed by the company.
• 5% Cash back Bonus in categories like travel, gas, groceries, restaurants, home improvement stores and more are returned to the card user.
• Up to 1% unlimited Cash back Bonus on all other purchases using the credit card.
• No Annual Fee charged to the card holder.

Permanent Rate

Permanent rate is what is charged by the credit card issuer throughout the life of the agreement that a client have agreed on. It doesn't fluctuate like the promotional interest rate in which it is offered for a certain span of time and after which, the rate will return to its regular interest rate. Permanent rate as you can check with the various credit card issuer differ in value. This is because of the type of card and the features that comprise such card. Usually, credit cards that offer high credit limit or balance have a higher rate because the risk that the bank or card company is facing is greater compare to secured cards which are safe and less risky.

Promotional Interest Rate

A promotional interest rate is a low interest rate which the credit card issuer will charge for a given period to an existing card holder, usually 6 months, to give incentive for the existing customer to transfer over balances to their card.. Example: The interest rate could be as low as 1.99%

Transaction Fee

This is what is charged with some cards when the individual does a balance transfer.
Example: MBNA charges 1-2% of the balance transferred at the time of the transfer.
$10,000 x 1% = $100 which is billed to that month's statement

Introductory Interest Rate

This is the same as a promotional interest rate, but will be used by the credit card issuer to give incentive to new customers to apply for one of their credit cards. New applicants only. The period is usually 6 months, and the interest rate could be as low as 1.99% depending on that individuals credit history.

After the introductory period is finished the interest rate will go back to the Permanent Rate

References

Carry A Balance Cards
What is an APR?
Finest MBNA Credit Cards
Carry A Balance - Credit History

External Links

List of Top Visa Credit Cards
Canadian Credit Cards
FCAC - Best Credit Cards in Canada

BEST BALANCE TRANSFER CREDIT CARDS CANADA

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balance transfer credit card canada
- Posted April 03, 2010 by Monty Loree

Balance Transfer Credit Card Canada

What is a balance transfer?

From Financial Consumer Agency of Canada:

A "balance transfer" is the amount of money that is transferred from one credit card to another. The purpose of a balance transfer is to pay your balance off on an existing credit card by "transferring" the balance from your old card to your new one. This usually happens when you switch from one credit card provider to another, but it is also possible to transfer a balance from one card to another card issued by the same credit card provider. However, consumers should be aware that this type of transfer is usually treated the same way as a cash advance. This means that interest begins to be charged from the date you make a transaction. In many cases, when the balance transfer is related to a new account, the issuer of the new credit card may offer a reduced interest rate for a specific period of time.

Fees that come with balance transfer

These are some fees with a balance transfer.

For example, MBNA charges 1% of the amount you're going to transfer. Let's say your amount is going to be $5,000. You will be charged ($5,000 x 1% = $50) fee for this transaction.

If you're not planning to pay off the debt for 6 months, then the fee will be too expensive. You have to add the amount fee with the total interest cost of the credit card balance with Balance Transfer Credit Card Canada

Balance transfer fees are hard to check when doing a credit card balance transfer. It depends on the card issuer how much fee they will charge to the client which can easily offset the interest. The majority of balance transfer transactions these days will charge a percentage on the amount involved in the balance transfer, with a minimum and maximum amount.

For example:
A card company offers 3% balance transfer fee made to the other credit card. There is a minimum fee limit of $5 and a maximum fee limit of $55. If the client will make a balance transfer of $2,000, the charge is $60. If the client likes to transfer $5000, the charge will be $55 (since 3% of $5,000 is $90, which is over the maximum balance transfer fee range which $5 to $55).

The card issuers are removing their maximum charge fee limit. This mean that with the $5000 balance transfer in the example above, it would cost the card holder $150 instead of the $60 which is the fixed maximum limit. Clients must be aware of the percentage imposed on the balance transfer fee.

Card user will save a good amount of money when a client transfers from a high interest rate credit card to another credit card with a lower rate, the client must also choose credit cards with longer grace period, such as the list in balance transfer credit card Canada. Another tip would be choosing the credit cards with low balance transfer fees. It is advisable to compare balance transfer credit card Canada before applying.

References

WiseGeek - What is a Credit Card Balance Transfer?

FCAC - What is a Balance Transfer

FCAC - Getting the Most from Low Introductory Rates

External Links

MBNA Canada Credit Cards

Credit Card Processing

Canadian Credit Cards

BALANCE TRANSFER CREDIT CARDS CANADA

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best capital one credit cards canada
- Posted April 03, 2010 by Monty Loree

Best Capital One Credit Cards Canada

There are at least 11Capital One credit cards Canada available that offer the best service. Each of the cards are easy to determine. All have different benefits that best suit every individual's needs.

The main categories are individuals with Good Credit, Bad Credit, Carry a Balance and Doesn't Carry a Balance. The more you spend using your credit card coupled with your ability to pay off those loans determine your credit standing.

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Good Credit - Excellent Credit

Capital One has seven "Good Credit" credit cards. These type of credit cards offer the following features: Travel Rewards, Cash Back, Other Rewards, Low Interest and Balance Transfers. The best Capital One credit cards Canada depends on your needs and your usage.

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If you have balance in your credit card, then you are a credit user. You are spending your credit card's available credit line assigned to you and you like the lowest interest rates available. Capital One's best rates are for those who have good credit. There are two cards under this category:

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This card is for individuals who have excellent credit history.

The interest rate for this card is 5.99% which is good if you want to save money on interest.. This card requires you to have an excellent credit rating.

Some of the other features are as follows:

Enjoy a low, long-term rate of 5.99% on purchases and balance transfers, guaranteed for 3 years (as long as you pay your bills on time)
After 3 years your rate will stay low and become a variable rate of Prime +6.99% on purchases and balance transfers
Annual interest rate for cash advances is 19.8%
No annual fee

Other features include:

Save money when you transfer high-interest debt with our no-fee balance transfer service
Valuable Platinum benefits, including Purchase Assurance and Extended Warranty
Add an authorized user for $0
Add rewards for $99
MasterCard PayPass

Capital One - Delta SkyMiles® Gold MasterCard®
If your credit history is good, but not absolutely perfect, this is the best Capital One credit cards Canada for you. It has the same features as the Smartlineâ„¢ but with just a little higher interest rate.

Its distinct benefits are:

Earn Delta miles on everything you buy with no annual fee!
Get 2,500 bonus Delta miles on your first purchase made within the first three months of account enrolment
Earn 2 Delta miles for every $1 you spend on Delta purchases
Earn 1 Delta mile for every $1 on all other net purchases
Annual interest rate of 19.8%
Valuable Gold benefits, including Purchase Assurance and Extended Warranty
Add an authorized user for $0
MasterCard PayPass

It's best to use this card until your credit rating becomes excellent, and then you can switch to SmartLineâ„¢' Platinum Card.
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Doesn't Carry a Balance - Rewards Cards

You are convenience user if you can settle your credit card's balance every month. If you're paying your balance then you should be getting more value on your credit card usage by collecting rewards points of your choice.

REFERENCES

What is an Annual Fee?

FCAC - Best Credit Cards in Canada

Your First Credit Card - Ontario Gov't

EXTERNAL LINKS

Capital One Card Website

Canadian Credit Cards - Gas Cards

Canadian Credit Cards

BEST CAPITAL ONE CREDIT CARDS CANADA

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best mbna credit cards canada
- Posted April 03, 2010 by Monty Loree

Best MBNA Credit Cards Canada

MBNA Corporation is the parent company of MBNA America Bank, N.A., which is the United States division of MBNA Corporation, where initially, MBNA means Maryland Bank, N.A.

MBNA offers a variety of credit card that comprises business cards, reward credit cards and cards that allows you to transfer existing balances. Each of these cards is in link with an online account access which is protected by the customer’s security login. MBNA have created programs that would allow their customers to redeem rewards as their card holders use their cards. Rewards come in different offers such as flight tickets, hotel reservations, merchandise shopping and gift certificates. Another interesting offer that MBNA have made is giving 0% interest on balance transfers for a certain period of time and also 0% interest on your daily purchases. However, this 0% interest offer does not apply to all MNBA credit cards.

Now, let’s take a look to the credit cards that MBNA Canada offers.

Good Credit – Excellent Credit

MBNA credit cards are categorized into different areas depending on the credit card applicant’s choice and need. It also depends on the way the customer is going to use your credit card. The areas that are offered by the company are the following: Travel rewards, Automotive rewards, Specialty rewards and MBNA rewards.

CARRY A BALANCE - LOW INTEREST RATES

We might have to use our credit card in all our transactions, right? May it be expenses in our groceries, gas, healthcare and all of those we have to spend on, some of us use our credit cards in those dealings. For the person who is a big spender and spends a lot, then the GOLD MBNA Credit Card is perfect for you. Credit card issuers show the gold credit card as one of the best mbna credit cards canada that a client can have. It creates a status symbol that tells something about you, who in reality says that, what you are earning either on your job, your business or the endeavor you are in makes you earn more than the national average wage. Issuers consider you as better compared to the average credit risk.

A gold credit card have great features compared to those ordinary one since it has a higher credit limit and allows you to draw more cash out on a daily basis. With your gold credit card, rewards are easier to redeem since point you accumulate usually doubles depending of the policy of the reward programs. But definitely, you have the edge compared to those ordinary cards especially with the promos where insurances are given free but requires you to pay annual fee.

The MBNA Gold Credit Card

This best mbna credit cards canada has a credit line of up to $50,000 with supreme 24/7 customer service that allow you to ask, inquire or just simply needing a help with the company. Annual fee are waived for this type of card compared to those ordinary credit cards. In time of cash access is utilized, you can avail it at 430,000 ABMs worldwide which means it’s very convenient for the user. Regarding with purchase assurance and other valuable, there is no risk and difficulty as it offers almost everything.

What comprises this credit card:
• Annual interest rates:
o Purchases: 9.99%.
Balance transfers (including cheque cash advances): 9.99%.
Cash advances (including cash equivalents): 9.99%.
• Interest-free grace period: 21 days.
• Account fees:
o Over the credit limit: $35.00 per billing cycle
o Returned payment: $20.00 per occurrence
o Returned cheque cash advance: $20.00 per occurrence
o Extra copy of monthly statement or sales draft: $2.50
o Inactive credit balance: If your account is inactive and has a credit balance, we will charge you annually the lesser of: (1) the credit balance; or (2) $25
• Transaction fees:
o Cash advance (including automated teller machine and over the counter advances): 1% of amount advanced (minimum fee of $7.50)
o Balance transfer (including cheque cash advances): 1% of amount transferred or advanced (minimum fee of $7.50)
o Cash equivalents: 1% of amount purchased (minimum fee of $7.50)
o Wire transfer: 1% of wire purchase amount (minimum fee of $7.50)

The MBNA Platinum Plus credit card

This credit card has a generous amount of credit limit reaching $100,000. It comes along with a no annual fee charge and has a round-the-clock customer service access. Concerning with security, the card has a fraud protection that is online 24/7 which mean you wealth is very much secure. An online access of your account is available where you can see how you have used your card and what purchases or transactions you have deal with. 1.99% introductory annual interest rate on Cheque Cash Advances and Balance Transfers for 10 months is charged by the company. What is more amazing with this best mbna credit cards canada is that it is internationally accepted to millions of location around the world which mean less hassle but great value.

What comprises this credit card:
• Annual interest rates:
o Purchases: 17.99%.
Balance transfers (including cheque cash advances): 19.99%.
Cash advances (including cash equivalents): 19.99%.
• Interest-free grace period: 21 days.
• Account fees:
o Over the credit limit: $35.00 per billing cycle
o Returned payment: $20.00 per occurrence
o Returned cheque cash advance: $20.00 per occurrence
o Extra copy of monthly statement or sales draft: $2.50
o Inactive credit balance: If your account is inactive and has a credit balance, we will charge you annually the lesser of: (1) the credit balance; or (2) $25
• Transaction fees:
o Cash advance (including automated teller machine and over the counter advances): 1% of amount advanced (minimum fee of $7.50)
o Balance transfer (including cheque cash advances): 1% of amount transferred or advanced (minimum fee of $7.50)
o Cash equivalents: 1% of amount purchased (minimum fee of $7.50)
o Wire transfer: 1% of wire purchase amount (minimum fee of $7.50)

DOESN'T CARRY A BALANCE - REWARDS CARDS

Card users that use their credit cards for convenience usually settle the payment of their cards every end of a month. Once they have paid their credit balance, they are able to receive a lot of rewards compared on the amount of usage they have made with their cards. They are keeping on collecting points and redeem rewards as much as they want. But this usually depends on the amount of accumulated points the card users have gained and collected.

When spending much with you rewards card, it then comes with an annual fee depending on the company. Sometimes companies waived these annual fees but this is done when the card holder pays off the balance regularly every end of the month or when you are able to reach your credit limit with you purchases. You must be aware of the cards that offer less annual fees or no annual fees at all.

We break these categories out by if the individual spends a lot each month using their cards, or a little. (Generally the marker is around $2500 per month.) If you spend less than $2500 then you would consider a different card than if you spend more than $2500 per month.

Spend More Than $2500 / Month - Rewards Cards

In this category, card users are those who spend more than $2500 per month or more than in using their credit card. This means that when you receive your billing statement, they have reached more than $2500 with your balance. This credit card then fits these types of clients. Clients would surely settle their annual fees to prevent penalties but as well gain rewards points from using the card in their transactions.

MBNA PremierRewards® Platinum Plus® MasterCard®

A rewards credit card that pays you back with what you have spent for. It allows its customer to make their dollar spent to go as far as possible. This means that this company allows their card holders to enjoy the rewards they have prepared especially to those clients who spent much using their card and accumulate numerous points. It could be then exchange with surprisingly great items or merchandise. It can even become certificate for groceries, gas or for shopping.Check on the features of this rewards credit card and compare to which features and offers you are fascinated on.

Here are its features:
• As commonly offered by rewards credit card. This card has No Annual Fee as well.
• 1% back on all net retail purchases when buying merchandise or any transactions that you have used your rewards card.
• There is a yearly automatic rewards crediting in your account once you have availed with their promos especially those that are offered in the company’s website.
• Regarding with points, there is an enticing policy of No spending limits or earning limits. Customers can earn points as much as they can and redeem rewards equivalent to their accumulated points.
• There is Exclusive platinum benefits and peace of mind for the card holder that provides less risks and hassle.
• Booming credit limit of up to 100,000 is offered by the card issuer giving the customer a wider range to spend on their credits.
• Customer service is always present 24/7 for any inquiries or problems that these card holders may encounter when using their credit cards.

MBNA TravelRewards Platinum MasterCard

With MBNA TravelRewards credit card, everything you want and nothing you don’t. This is how this card works. It allows its client to enjoy everything they offer. In their rewards program, points are earned in every dollar spent in net retail prices. This is just one of the features of MBNA TravelRewards Platinum MasterCard.

Try to check and evaluate the number of feature the card consist of:
• When purchasing, the amount of dollar you spent will also be the number of point you get. In other words, $1 is equals to I TravelRewards point.
• When having your first qualifying transaction, 5,000 TravelRewards point will be instantly given on your account.
• Anniversary date is always celebrated yearly and its client gets to enjoy a gift of 2,500 bonus points.
• Choose from the 75 airlines to which you prefer to use your travel rewards as exchange of your TravelRewards points. No blackouts.
• Enchant yourself with the Platinum card benefits that the company offers.
• Competitive annual fee of $89 charged but could be waived for being a good credit payer on your balances.
• Credit limit reaches up to $100,000 as an allowable credit to be spent and used by the card users.
• Fraud protection is present at all times making less hassles and burden on the customers.
• 24/7 customer service offered through online by logging in to your secure account.
• Stolen, lost or damage cards are quickly replaced in just a 48 hour waiting period. Additional cards are allowed and offered by the company for the convenience of the clients.
• Immediate cash access of $430,000 ABMs worldwide for this card and is widely recognized and accepted on more than millions of location around the globe.

Spend Less Than $2500 / Month - Rewards Cards

Card holders that belong to this category are those clients that spend less than $2500 per month in using their credit cards. This card holder keeps a good budget with their finances as they would go for the things that are necessary for them.They are taking advantage of the feature promos that each specific cards can offer them.

MBNA WorldPoints Rewards MasterCard

This best mbna credit cards canada has been the most rewarding MasterCard as it gives you instant 1.000 world points as an introductory reward. With that, you can avail right away of its offered rewards even without using or earning points yet with your card. You have just simply got a card and receive a reward in return.This rewards credit card has a lot of features to get to know too.

Here is the list of its card features:
• You easily Earn 1 world point for every dollar you have spent.
• With your first qualifying transaction, you can instantly earn 1,000 bonus WorldPoints.
• Once you reach a certain number of point, you can redeem WorldPoints rewards either of your choice whether spend it for travel or for merchandise or both at the same time.
• Redemption level is at 1,000 WorldPoints which mean that the moment you got the card with the instant 1,000 WorldPoints, you can avail a certain reward equivalent of the points you have
• Annual fee is cheap compared to other rewards cards which are only at $29.

Bad Credit – Other Banks Credit Card

Credit cards that are presented here are those card holders who don’t have enough credit history as well as credit rating. Clients who are first time user of credit cards also would belong here. Credit cards offered in this portion are categorized into three. The categories go as follows: Secured credit cards, Carry a Balance and Don’t Carry a Balance. Check out each category and also each credit cards provide in order to know what is the best card that fits you.

SECURED CREDIT CARDS – LOW INTEREST CARDS

Clients do have past history with their past use of credit cards. Sometimes, these clients can’t avoid of having bad credit history which could affect also the credit rating. Some are don’t have any credit history yet as they are first timers in applying a credit card. These credit cards are the key in getting a good start of building an excellent credit history again. These cards also offer less interest which means less risk for the client to be troubled in paying their balances. Compared the card benefits and pick the card that gives you much advantage.

Capital One Low Rate Guaranteed Secured MasterCard®

Capital One offers this card to clients who don’t have any credit or limited credit history. This is a card that allows customers to start building their credit history. One of the perks of this card is that a guaranteed approval of having the card. Another is the low interest rate it offers as well as low annual fees.

This credit card comprises these following features:
• Any application of the card has a guaranteed approval.
• Master RoadAssist™, MasterCard Global Service™ and MasterCard PayPass™ are use in tap-and-go pay system that gives less hassle for the client in payment as the card don’t need to be swiped.
• Low Interest rate of 14.9% on purchases and balance transfer that does not bring trouble to client during payment of balances.
• The customer service is on standby 24/7 through phone or online.
• 0$ fraud liability for any unauthorized purchases.
• Give you the chance in building a credit history.

Citi® Secured MasterCard®

This credit card helps client rebuild their credit history to be able to apply soon to conventional credit cards. The bank would require depositing an amount that would range from $200 to $5, 000 into a certificate of deposit. This would then become the credit limit of the credit card.

Here are the features of the credit card:
• Having the card you may become eligible for an unsecured card after 18 months of card usage.
• $0 liability on unauthorized charges made into the client account.
• Citi® Identity Theft Solutions protects the account and personal information of the card holder.
• No required income or co-signer to start building a record of account performance.
• With retail purchase protection, the items purchased with your card are safe against accidental damage or theft for up to 90 days from the day the product is bought.
• Tap-and-go system of Citi MasterCard® Payment Tag with PayPassTM is a new innovation where you just tap your card rather than the old system of swiping it.
• Citi® Credit Card Benefits & Services offers cash or rewards such as American Airlines® awards and travel benefits to cash back and college saving.

Orchard Bank Secured MasterCard®

Client who undergoes bankruptcy would have a hard time qualifying for a conventional credit card because of its qualification like having a good credit history. This card offers best value for customers who need to restore their credit history after undergoing serious credit setback. The company gives much benefit to their card holders. Check the list of feature and benefits the card offers.

List of Orchard Bank Secured MasterCard benefits:
• No annual fee charges on the 1st year of card usage. Succeeding years would have fees but can be waived based on credit performance.
• No account processing fee for any transactions made.
• Low interest rate for the client enjoyment of card usage.
• A credit report is transmitted to 3 major credit bureaus that evaluate and updates the client’s credit history.
• Credit limit is based on the account deposit funds. It start at $200 account balance.

CARRY A BALANCE – WITH MAXIMUM BENEFITS

Credit user is entitled to carry a balance on their credit cards. The cards can be used to the extent of how much credit line is available for the card holder to spend. Low rate are available and is risk-free in getting into trouble of too much debt acquired. This card are for client who has bad or fair credit as well as new credit card holder who has none or limited credit. In addition, client who has bad credit history belongs in this category.

Capital One Guaranteed MasterCard®

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This card allows the card users to experience all the benefits of having a credit card. Capital One gives the client the luxury to be able to rent a car, do shopping online or book hotel rooms. With this Capital One credit card in your hands, your credit history will not suffer but instead build up as long as you pay your bills on time. This card has a lot more to offer. Check it out below.

Other Capital One Guaranteed MasterCard benefits:
• Travel benefits offered: Master RoadAssistTM, MasterCard Global ServiceTM, MasterAssistTM Travel Assistance Service for client safety all the time.
• Travel accident insurance is also given aside from the safety assistance.
• MasterCard PayPass™ give convenience in paying bill for the card holder.
• Tap-to-Go system when using the card to have less hassle from card swiping.
• 27/7 standby customer service to phone or online.
• $0 fraud liability for unauthorized card use.
• The Guaranteed MasterCard® additionally protects you with purchase assurance and extended warranty for the time the client is still rebuilding the credit history.

DON’T CARRY A BALANCE – REWARDS CARD

Card holders under this category are considered convenience users as they used the card credit and pay them off each month when their billing statement is received. They spend less but get as many rewards points. The acquired points can then be redeeming with rewards. In addition, cash backs are given in certain percentage of the purchases made.

Capital One Cash Back Guaranteed MasterCard® for Gas Groceries

For client who is seeking for a rewards card and at the same time building an excellent credit history, Capital One Cash Back Guaranteed MasterCard is the right credit card for you. This card would let you gain points to redeem specific equivalent rewards. It also provides cash back on the total purchases made using the card. Receiving cash back don’t have any limit as long as the account exists.

More credit cards benefits listed below:
• 2% cash back on gas payment are returned to the client and also with the groceries purchases.
• Additional 1% cash back on all other purchase with the card.
• $0 fraud liability on unauthorized use of the credit card.
• Client can reach the 24/7 customer service through phone or online.
• In redeeming rewards customer is given an option to choose if the cash back will be via statement or cheque.
• Annual fees are reasonably fair as the company allows additional authorized user to every account.

Having read and learned for the different credit cards that belong to a specific category. It is your time to think and choose what credit card suits your lifestyle and your needs. Be wise to compare their benefits as each card are considered unique. Weigh out which benefit are you interested on and would give you much savings. Apply then and enjoy the freedom of spending!

References

What is an Annual Percentage Rate

Annual Percentage Rate

Travel Insurance Policies

External Links

HomeTrust - Secured Visa

Get A Good Credit

Get an Excellent Credit Score

MBNA Credit Cards

Credit Card Reviews

BEST MBNA CREDIT CARDS CANADA

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best mastercard credit card canada
- Posted April 03, 2010 by Monty Loree

Best Mastercard Credit Cards Canada

MasterCard credit cards are considered one of the most accepted and most reliable source of credits that a card can have.

These cards are issued by banks, financial institutions, different stores, shops and a variety of retail outlets. Before getting a credit card, you must first know how the card works and what features the banks or companies offer. Learn and remember the fees it requires to card holders before availing their services.

Before signing up for a credit card and start using it, you must know the difference between a credit card and a charge card. Here are some pointers before deciding what card you're going to get.

Charge Cards are usually used for gas, groceries and shopping. These cards are offered by some companies. Compared to the other type of card, the card user must be responsible to settle all the remaining balance every end of the month or before its due date. Otherwise, the card holder will be penalized with multiple penalties.

Credit cards are more tolerant to their clients. They tolerate card holder to carry a balance in their card on monthly basis. But still, the company prefers on-time payments of the full balance every time the client receives a billing statement. Penalties are not strictly imposed as the bank or financial institution would give extensions to customer to settle their accounts.

Credit cards have different categories. The Best Mastercard Credit Cards Canada requires: Good or Excellent Credit, Carry a Balance, Does not Carry a Balance and Bad Credit. There are two sub categories under the Doesn't Carry a Balance.

Good Credit-Excellent Credit

MasterCards have different companies offering credit cards. They come from banks and financial institutions all over the world. The difference of these credit cards depend on benefits and promos that the card holder can avail. These cards also differ in the Annual and Interest fees that are being charged by the card issuer. They also have different penalty charges to clients who are not settling their accounts on time.

References

What is an Annual Percentage Rate?

Annual Percentage Rates

Credit Card Travel Insurance Policies

External Links

HomeTrust - Secured Visa

Carry A Balance To Get Good Credit

Get A Credit Score

MBNA Credit Cards

ReviewCentre - Credit Cards Reviews

BEST MASTERCARD CREDIT CARDS CANADA

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visa rewards credit cards canada
- Posted April 03, 2010 by Monty Loree

Visa Rewards Credit Cards Canada

Are you interested in Visa Rewards Credit cards in Canada? This article has alot of good and specific information on this topic.. Have more questions? Please join in the conversation on the blog comment section below.... CCHelper can help answer your questions.

Specific Rewards Program in Canada

AeroPlan Rewards

An Aeroplan reward is the most famous reward program in Canada. It is a Canadian-based frequent flyer marketing program where points are being given and can be accumulated to reach a certain reward that the features and promos offer. A lot of rewards can be redeemed via the Aeroplan web site in which rewards are lined up with all the affiliated companies of Aeroplan. With your points gathered, rewards come in different choices depending on your desire. It can be an airline ticket, hotel reservations, vacation packages, car rentals or merchandise.

TD Visa Travel Rewards

The TD Visa Travel Rewards program is offered by TD Canada Trust. In earning TD points, you can gain 2 to 3 TD points for every dollar you spend using the TD Travel Visa card. Accumulated points starting at 10,000 with no blackouts or restrictions allow you to redeem travel rewards. Earning bonus rewards on top of what the company has entitled the customer is possible when you purchase travels through the TD Travel Rewards Center

RBC Rewards

RBC Rewards is a banking company that allows their customers to earn points that can be converted to amazing rewards. Points saved can redeem for your travel, merchandise, registered investments and gift certificates as what the company entails their card users. RBC rewards have several partners which give additional rewards on top of those already provided with the card. Points can be redeemed via their online web site or by phone, fax or mail depending on what is convenient on you.

Adventura Rewards

CIBC through their Adventura Rewards is offering their clients’ lifestyle rewards program where points are accumulated and can be redeemed for flights, hotels, rental cards, vacation packages, gift cards and lifestyle rewards. Earning 1000 Adventura point bonus is given as additional credits with what you regularly earn when you register at their web site to use your Adventura points to redeem what is served on their list of promos. Visa Rewards {{{credit card}}} Canada

BA Miles Rewards

BA Miles allows only the members of the British Airways' Executive Club to avail in their reward program. Only a single card is designed and offered by BA Miles, the British Airways Platinum Visa credit card which is responsible for earning points for every credit transactions. You can earn 1 BA Mile for every dollar spent with card. Special package offers are made for every time a card holder purchases a qualifying round-trip with non-restricted full fare ticket from Canada to anywhere British Airways flies entitles the holder to get a companion trip for free. When you become part of the BA reward program, instantly you will earn 10,000 bonus BA miles and additional 2,500 BA miles every company anniversary. Doubling your BA miles is easy earned with every dollar spent on British Airways.

Scotia Rewards

The site of Scotia Rewards VISA, a credit card that offers you points with each purchase to exchange for benefits. Using Scotia Rewards allows you to choose what travel booking you want, either on air by grabbing a flight or by a train ride. Other rewards offered are hotel reservations, holiday packages and cruises. Visa Rewards Credit Cards Canada. Getting travel tickets can be done any time with special remarks of no restrictions, limited seating, blackout periods, or Saturday stay requirements. Point may also be redeemed with merchandises or other rewards available on their featured and promo options. In addition, Scotia Rewards uniquely gives you a chance to exchange your points with gold bars as well as other precious metals the company is offering.

AAdvantage Rewards

AAdvantage is a frequent flyer rewards program offered by American Airlines. Aadvantage awards can be redeemed for flights on American Airlines or partner airlines. Aadvantage credit cards earn 1 AAdvantage mile for every dollar spent and earn double rewards when purchasing flights on American Airlines.

Esso Extra Rewards

Esso Extra point can be earned through purchasing their services. Point can then be redeemed through their stations where they offer car washes, car supplies and free gas through their participating outlets. Spending a dollar at Esso Extra stations would guarantee you a point. You can avail their promo of doubling your points when buying merchandise at Esso stations.

Scene Rewards

In cooperation with Cineplex and Scotiabank, a movie rewards program is made called Scene. With your Scene credit card, you can earn 5 times the point when buying products. Earn 1 point for every purchase for non cardholder at Cineplex Entertainment. Movie passes and music downloads can be redeemed as rewards using Scene points. Visa Rewards Credit Cards Canada

Cathay Pacific Airways Rewards

Cathay Pacific Airways along with some other participating Airlines give their customer rewards for having them the airline of choice. They offer client to travel to over 900 destinations worldwide as a reward program. In addition, hotel bookings, gift cards and merchandise are also offered through their website.

Save-On-More Rewards

Save-On-More rewards program let its customers earn 3 point for every dollar spent using Save-On-More Visa card on the following participating Food shops/stores: Save-On-Foods, Overwaitea Foods, Cooper’s Foods, PriceSmart Foods and Urban Fare stores. Visa Rewards Credit Cards Canada. With your Visa, earn 2 point per dollar spent on merchandise. A lot of rewards with equivalent amount of point await its customers like gift cards, travel, electronics and more.

Duetto Dollars Rewards

Duetto Dollars by Starbucks created a rewards program which gives their coffee-lover customers a chance to gain 1% Duetto Dollars for every purchase. It can be used to grab some coffee e and merchandise for free. The Duetto credit card acts as both a Visa and a reloadable Starbucks card. When loading a Starbucks card, instant 3% Duetto Dollars will be given back. Visa Rewards Credit Cards Canada

Marriott Rewards

Redemption for flights, cruises, and merchandise including electronics through Marriott Rewards program is hassle free and easy. 3 points earn per dollar spent at Marriott locations and 1 point per dollar everywhere else.

Visa Rewards Plus

Citizens Bank of Canada along with VanCity created a reward program. It is called the My Visa Rewards Plus which entitles you to gain and collect points. These points would then be convertible to reward items such as for airfare, buying merchandise and financial products. Furthermore, it made something special in which you can help your community with your accumulated points by donating it to any of your chosen charitable institution or to sponsor a generous cause. Booking a ticket would start when you reach the 5,000 points and gives you no blackouts or Saturday stay requirements.

BONUSDOLLARS Rewards

Desjardin’s sponsored reward program has been used by Coast Capital Savings to give their customers rewards in return for their loyalty and their patronage of the service. BONUSDOLLARS is the reward program that allows client to redeem offered rewards either to avail unrestricted travel, show flight tickets, gift certificates and even financial merchandises. By simply using the BONUSDOLLARS credit card in paying for a trip or purchase a product, you are now capable of getting point to receive or collect available rewards offered by the companies.

Annual Credit Card Fees

It is a fee that is charged on an annual or yearly basis to the visa credit card holder for simply having their credit card. The fee may range from $0 which means that the credit card companies have free annual fees on their visa credit cards to a maximum of $100 depending on what card company and the type of features the card comprises. Visa Rewards Credit Cards Canada. Usually credit card companies waived the first year annual fee to their card holders as a reward for having chosen their service but this doesn’t apply to all visa credit card companies. The amount on annual fee that each credit card holder is charged for doesn’t reflect how much amount or value of purchases there is with the credit card.

Some companies waived their annual fees on your second year and the subsequent years as a card holder when you, as a client, are a good credit payer which means paying the billed amount on or before the due date. Another feature would be when you reach your given credit limit in a month time and settling it before the due date elapsed, it will also entitle you to expand your credit limit aside from the free annual fee.

Freebies and rewards are also given to how you use your visa credit card and to what merchandise you have purchased with your card. In some instances, the credit card companies tie up with other establishments. In this case for example, when one reaches a certain credit amount, he/she is entitled to claim a freebie or reward from the collaborated establishment. Some companies would entitle their customers to earn points and these points will be equivalent to specific rewards.

For example, Cash Back Plus Platinum MasterCard® with No Hassle Rewards has an annual fee of $99 compared to Gold MasterCard® credit card that doesn’t have any annual fee but may have higher annual interest rates. It really depends on the amount of annual fee and the annual interest and well as the credit limit of the credit card.

Credit Card Interest Rates

Interest rate is a certain rate in which the visa credit card issuer generates revenue. A card issuer is the one that provides a consumer a card that comes along with a credit that can be used to purchase and make payments or borrow money from a bank or company. The bank or card issuer pays the clients charges which would be subject for interest charges over a period of time the money was borrowed. A risk on the part of the bank or company is taken as the cardholder may not pay the amount money borrowed as agreed. As a result, interest rates are charged as exchange of the credit risk incurred by the card issuer and become the issuer’s profit. Visa Rewards Credit Cards Canada. Bank or company that provides visa credit cards does investigations on credit card applicants to check whether they are capable of paying what is due on their billing statements. Assets, bank accounts, work stability and other finances of the applicant are the aspects to be checked on by the card issuer. In case a deficit is seen during the investigations, visa rewards credit card issuers may not approve the application. Visa Rewards Credit Cards Canada

Interest rates differ in every bank or company. The higher the credit limit and the allowable time to settle the borrowed money, the higher the interest rates charged. Usually interest rates ranges from 10% to 20% on cash advance while 5% to 15% on balance transfer. Purchase interest rate ranges from 5% to 15% which more or less of the same when doing balance transfer. The creditor who is much more stable on their finances can take risks in lending credit or money in a lesser interest compared to others. Some may consider the financial stability of the card user or on how they settle their loan money.

For example, let's say you have a visa credit card with a $500 credit limit that has an Annual Interest Rate (AIR), of 9.99% and an annual fee of $50. If you used the entire credit limit for one year, you'd pay 10% just for the annual fee, since $50 is 10% of $500. Then when you add that to your AIR, you'll find the true cost of that $500 is at 19.99%. If that same card had a $20,000 credit limit, and you use the entire limit for one year, the cost of your annual fee is only 0.25%. That makes the total cost for the $20,000 at 10.24%, which is quite satisfactory in their charges.

Credit Card Penalties

Penalty rates are charges that are imposed by a visa credit card issuer to penalize the cardholder. There are 3 charges that are usually given. First is when the creditor did not settle his accounts on time. Second is when the creditor exceeds beyond the credit limit that the card issuer has provided and third is when the card user issued a bouncing check in paying the amount of credit used. Companies are strict with due dates and they consider late as a demeanor for the creditor. Some companies permit a number of late payments which is usually two late payments. However, once it reaches its triggering status, high amount of penalty rates are imposed. Exceeding credit limit would be noticed when charges bounce the moment the creditor reach their credit limit. Usually, the companies would allow going beyond the credit limit but it would also entail over limit fees and penalty rates.

Example of this would be when you have purchased a merchandise worth $10,000 and your limit is just $7000, then you are $3000 above you limit. This means you’ve passed balance that the company has granted you. Almost all of the visa credit card companies penalize a client who does bouncing payments due to inefficient funds or lack of money in their saving accounts. Checks that bounce upon its clearing with the bank are given charges. Usually these charges are easily added with the due payments of the customers. Fees may range from $80 to $150 depending on the company and the amount of debt the creditor has.

With these penalty rates, the visa credit card holder payments or loan would shoot up leaving the creditor more debt to pay for. Commonly, penalties rate plays around 20% to 30% depending of the amount or loan the card holder is liable. Most of the bank or company put high penalty rates in order that clients would not fall into the pit of triggering the rates. Charges would be consistently be added to the amount borrowed until such time that the card holder pays more than what is asked during monthly billing statements.

What makes these cards different from MasterCard, American Express?

Canadian visa credit cards are offered by many banks and other companies. They come in different features depending on the company may it be with the annual fees or interest fees. For example, Capital One is a banking institution that issues credit card to their applicants. They give fair charges to their client close to other banks’ card charges. They allow and approve those customers who wish to avail their card service taking consideration of the holders’ history and financial stability. Annual Fees and Interest rate are of the same rate and range with other visa credit card issuing banks. Visa Rewards Credit Cards Canada. However, they mostly differ in how they offer rewards to their loyal and good paying creditors. They are tying up with other companies to provide promos and featured rewards which then are available for their customers to avail.

On the other hand, MasterCard is not a company that actually offers customers credit cards. They are not also responsible for lending money or provide loans to their clients. They are payments networks that use computer systems that allow processing of credit card transactions. The credit that the credit card carries comes from a certain bank, credit union or other financial institutions. Specific terms or policies of the card are set by the card issuers which are the interest rates that come in different rate depending on the client preferred company. A client can have two MasterCards with different issuers with different card terms on the interest fees. The card issuers take all the risk and burden if these clients fail to pay their card bills. With American Express, it has a different way of dealing with their clients. It has been tagged as “exclusive” which means that this company selects their lenders rather than issuing everyone that applies for their service. They have been giving cards and charged their card holders with high annual fees as well as with the interest they place on their client’s accounts that has to be paid in full every month. As the company continuously offers their service, they have begun to negotiate with other issuing banks to become their partners. Now, they issue credit cards that carry a balance along with charge cards. Visa Rewards Credit Cards Canada

References:

Credit Card Penalty Rates

Credit Cards Offers

Knowing the Banks

Visa Credit Cards

Credit Cards Canada

Reward Programs Canada

External Links:

Aeroplan Points Program

TD Travel Rewards Credit Cards

CIBC Aero Classic

British Airways Travel

Scotiabank.Rewards

RCB Royal Bank Credit Cards

VISA REWARDS CREDIT CARDS CANADA

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best visa card canada
- Posted April 03, 2010 by Monty Loree

Best Visa Credit Card Canada

Visa credit cards are offered by many banks and financial institutions. These cards are offered to a client who doesn’t want to bring cash with them but instead, use the credit that their cards contain in their transaction. These transactions can include either purchasing, getting an airplane ticket or simply for shopping purpose. These cards are categorized based on the features that are bound to it. The categories are as follows: Carry a Balance, Doesn’t Carry a Balance and Excellent to Good or Bad credit. Also, there is an additional category for the clients who spend much with their card and those who spend less but enjoy the benefits that their card offers.

Compare each cards specified below in order to learn what card suits your preference especially on how you care for your finances. And hopefully, you will be able to decide which card to apply for that caters what you need and apparently, enjoy its benefits and privileges.

Good Credit - Excellent Credit

The cards that are offered in this category are for those individuals who have good or excellent credit history. They are entitled to avail for the exclusive benefits that the bank or card company offers. Cards found in this portion have features like low interest rates, cash back guarantees, travel rewards and other amazing rewards. With how you handle your spending habit, you can surely pick one of the cards.

CARRY A BALANCE – REASONABLE INTEREST RATE CREDIT CARDS

In this category, when you receive the credit card you have applied for, it is carrying a balance with it where you can use it to do a transaction with business. You can use it for purchasing goods, items or in any way you prefer, as long as you use what is available credit limit the card has been entitled to. Best Visa Credit Card Canada. with this card is the interest rate which you are responsible to settle when the payment time comes.

CIBC Platinum Visa™ Card

When you are looking for a Visa credit card with extended purchasing power and premium benefit, CIBC Platinum Visa is the perfect card for you. It doesn’t have any annual fee even if the company gave you the best feature it can offer. Having an excellent credit history that you have build would be a great advantage when you apply for this card. More benefits are entailed this card that surely, you would take pleasure in.

Check the added benefits of this card:
• The credit card gives you a high credit limit of up to $50,000 for you to spend with your needs and desires. Credit limit starts at $5000.
• The card is protected with the automatic replacement repair or reimbursement coverage of the bank if the purchases you’ve made is lost, stolen or damaged within a gracious leeway of 90 days.
• The card is guaranteed of bundle no-fee insurances.
• VISA Auto Rental Collision/Loss-Damage Insurance is provided to the user.
• $500, 000 Common Carrier Accident Insurance is also given.
• Best Visa Credit Card Canada
• No worries of lost purchases as the card have Purchase Security and Extended Protection Insurance.
• Free personalized CIBC Convenience cheques for issuing payment.
• AVIS car rental gives 20% discount on their services at participating locations only.
• Cash advances of up to $1000 a day.
• Even hotel reservations are guaranteed by the card company.
• When card is lost or damaged, it is replaced with their Emergency card replacement program.
• VISA cards are accepted worldwide at over 24 million locations now.

CIBC Select Visa™ Card

This credit card lets their card holder enjoy a low interest rate of 11.5%. The card also offers a very least amount of annual fee which is at $29 only. This requires an excellent credit history which means that elite card users belong to this level. The mention card features are just two of the many benefits that the card offers.

Additional card benefits below:
• It instantly gives the card holder $100,000 Common Carrier Accident Insurance that can be used to give a helping hand to the customer when they unfortunately get into an accident.
• When renting a car, AVIS Car rental give the client a whapping 20% discount to all participating locations only.
• In using a cheque, CIBC is offering free personalized Convenience cheques.
• You can get 3 maximum credit cards per account with no extra charge coming from the card issuer.

DOESN’T CARRY A BALANCE – REWARD CARDS

This category belongs to the credit card user who pays off their balances every end of the month. They settle the amount of credit they have used and at the same time, get as much rewards coming from the points they have earned. Best Visa Credit Card Canada. These points are used to redeem rewards such as merchandise, gift certificates and a lot more.

We break these categories out by the kind of spenders: those individuals who spends a lot each month using their cards, or otherwise. (Generally the marker is around $2500 per month.) If you spend less than $2500 then you would consider a different card than if you spend more than $2500 per month.

Spend More Than $2500 / Month – Rewards Cards

Chase Sapphire Card

This credit card gives much bonus points which gives you the freedom to grab the rewards available using the bonus points earned. Travel, gift cards, merchandise, cash back and more are examples of the rewards it offers. Check the other benefits and compare it with other cards.

Chase Sapphire Card offers the following as additional features:
• Earn $100 in rewards which is equivalent of 10, 000 bonus points to use for redemption of surprises.
• Double points gained on flight tickets booked through Ultimate Rewards and single point for purchase made with the company.
• No points expiration and no limitation of how much point earned.
• Premier travel and purchase protection benefits given to the client.
• Dedicated service advisors are on standby 24/7.
• No annual fee charge even if the card company is giving all the card benefits it can offer.

CIBC Aerogold® Visa™ Card

Travel rewards are the most special feature of this card. It gives a lot of benefits for people who loves to travel for leisure or for business purposes. It also offers points that can be redeemed with equivalent rewards based on your points earned. The exclusive benefits are listed below. Best Visa Credit Card Canada.

List of CIBC Aerogold Visa™ Card benefits
• 15, 000 bonus Aeroplan® Miles on the first purchase of the card which is equivalent to one economy class short-haul flight at the ClassicFlight® reward level.
• Earn 1 Aeroplan Mile every time a dollar is spent by the card user.
• 1.5 Aeroplan Miles awarded for purchasing gas, groceries and items from the drugstores.
• Aeroplan participating partners also give additional points when you use the card at their stores or shops.
• Air Canada and Air Canada Jazz including Executive Class/Executive First 1 are given free access for the card users for the available seat only.
• CIBC guarantees the client that points earned will not be lost even being inactive for 12 months.

Capital One Venture Rewards Credit Card

Looking for a card that doubles your points? Capital One VentureSM offers it. It allows client to gain double miles on every purchase using the card. This is just one of the many fascinating benefits the card offers.

Here are the other features of the card:
• Earn 2 miles per dollar spent on your everyday purchases.
• When you have spent $1,000 in the first 3 months, instant 10, 000 bonus miles is awarded on your account.
• Avail the offer of flying free on any airline, anytime of the year with no blackout dates.
• No foreign transaction fee will be charged.
• Standby customer service is always available to help the clients.

Spend Less Than $2500 / Month – Rewards Cards

Chase Freedom Visa $50 Bonus Cash Back

This credit card gives many rewards to the client starting from the cash back of $50 during the first purchase of the card. It has 0% introductory APR and no annual fee being charged for this Chase Freedom Visa to its user. Check out the additional benefits offered for this card.

Chase Freedom Visa offers you more benefits:
• 5% cash back offers is returned to the card holder when purchasing gas, home improvement and department stores.
• Get additional 20% cash back when buying with the specific merchant online using the Chase credit card.
• 1% cash back for all the credit spent – no spending tiers or caps on how much you can earn.
• $50 bonus cash back during the card first purchase.
• No annual fee as well as introductory APR.

Capital One® No Hassle Miles Rewards

This credit card is for card holders who are frequent flyers but don’t want to spend much. They rely on the rewards they get coming from the points they’ve earned.

Here’s what you get for having this Capital One® No Hassle Miles Rewards credit card:
• 0% introductory APR on purchase until May of next year – 2011.
• No annual fee for this credit card.
• 1.25 miles points awarded for every dollar spent on buying merchandises.
• Earning points doesn’t have limits and expiration.
• Rewards offered to client are travel, merchandise, gift cards and other items.
• Mo blackout dates and no seat restriction policy given by the card company.
• Best Visa Credit Card Canada
• Fly to any destination with the airline of choice.
• No foreign transaction charges.

Bad Credit – Fair Credit

The credit cards that are going to be presented here are for client who needs to build their credit history back after experiencing past failure on handling their credit cards as well as their finances. These cards are categorized in three which are Secured credit cards, Carry a Balance and Don’t Carry a Balance. Any of these three choices may help you rebuild a good or excellent credit history. Furthermore, makes improvement of your credit rating. Try to compare each card and indentify what category you fit and the kind of credit card that compromise your needs.

SECURED CREDIT CARDS – REQUIRES MINIMUM SECURITY BALANCE

Credit cards shown in this category only requires minimum deposit which would then be the source of credit you can use to purchase or have transactions. But definitely you can add more soon when you get the chance of earning more money. The usual requirement of these cards is just putting up a security deposit with a certain amount of money.

Home Trust Secured Visa Card

This card company allows their client to build or rebuild their credit history without putting much financial burden. Cards that are discontinued don’t put the card holder at risk of trouble but only required to pay the outstanding balance as the company has served you. In exchange for the payment is that your security balance will be returned.

All the benefits that the cards offers:
• Minimum balance of $500 is all what the company needs for you to get the credit card.
• Interest rate is at 19.99% for cash advances and purchases.
• Annual fee is charged which is at $49.
• With card approval, everyone is considered prospects.
• Client can either make purchases over the phone or through online.
• Card holders access to their cash are available over 1 million Visa or Plus affiliated ATMs all over the world.
• Over 24 million locations worldwide are provided to the card holders to shop and use their credit card
• Easy to plan and book a vacation when using this Home Trust credit card.

RBC Royal Bank Secured Card

This card basically has of the same feature with other secured credit card. But what makes this card unique is that in a security account, the client is the one who will decide on how much he would deposit to the bank account. Best Visa Credit Card Canada. RBC Royal Bank gives the client the freedom how much to deposit to have the secured card.

Here are the secured card benefits enumerated below:
• A co-applicant is also entitled to get a card under one account.
• Spending limit of the card is based on how much the card holder has deposited in the security account.
• The security money is deposited in RBC Guaranteed Investment Certificate (GIC) under the client’s name. This would then gain interest as long as the money there.
• Once the client has established a good credit rating after using the secured card well, the bank will release the GIC security from the clients account.
• 18 month is the minimum requirement to establish a credit rating.

CARRY A BALANCE – GOOD REWARDS AND BENEFITS

The cards under this category are those cards that contain credit that caters client who have fair or bad credit history. Credits that are given are enough for the card holder to use and not to get in trouble again with financial problems. This care will help these clients as they will provide reports to the credit bureaus monthly. Choose the card that is vital for you.

Orchard Bank Platinum Visa®

The Orchard Bank Platinum Visa is an ideal card for building or rebuilding credit. We present the card benefits that allow managing your account easy, such as a payment due date that you have chosen and online account access 24/7. The bank also provides text or email alerts to advise you ahead of time that a payment is due.

Rewards and Benefits of the credit card:
• Reports to 3 major credit bureaus monthly to update the client’s rebuilding of credit history.
• Customer service is ready to assist the card holder for questions or concerns.
• The card is accepted over millions of areas worldwide.
• Website purchases and reservation is available for service.
• The bank offers their client to create a personalized credit card.
• Card holders are given the opportunity to choose what day the bank will set with the due date.
• You can manage your account 24/7 through online service.
• Receive emails and text messages sent by the bank for reminders on due billings.
• Annual fee is at a reasonable cost of $39-$59.

DOESN’T CARRY A BALANCE – REWARDS CARD

Credit card offered here is card that give certain amount of rewards in exchange of points earned either through the bonuses given by the bank or company or from the purchases made. Mostly, the card holders don’t spend much but collect points to get the rewards they want from the available offers. Best Visa Credit Card Canada.

Capital One® Students Rewards Card

This card is for students who are in need of building their credit history back to where it was before. They utilize this card for purchasing and collecting rewards point. Furthermore, make an impression the credit bureau on how they settle their balances which is one factor to consider in rebuilding a credit history as well as credit rating.

Benefits entitle by the company to the card user:
• No annual fee charge is guaranteed.
• 2% cash back on payments made on restaurant, entertainment, cell phone and books bills.
• 1% cash back on all other purchases made using the Student rewards card
• Earning cash back is one way of building again the client credit history.
• The client is given the option on how to redeem the cash back. It may be set-up for hassle-free automatic redemptions.

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

Best Credit Cards Comparison

MBNA Credit Cards

Credit Card Reviews

BEST VISA CREDIT CARDS CANADA

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bad credit cards canada
- Posted April 03, 2010 by Monty Loree

BAD CREDIT CARD CANADA

BAD CREDIT FAIR, NO OR LIMITED CREDIT AND NO CREDIT HISTORY

Bad credit can affect individual in different ways. It gives you less chance from being granted to have conventional credit card. In getting loan approvals, the company or bank will not approve you because of a history of unsettled bills. It is actually a gradual process for a person to have a good credit history and it doesn't happen immediately.

Bad credits have made a lot of people experience financial problems especially if the client has a large amount of debt and he is unable to pay. It also affects the credit history of the client which is the basis for a card company to approve your application.Credit history is the record of a card holder's past borrowing and paying capacity. This also includes information about the late payments and bankruptcy the client went through.

The credit cards presented are those credit cards can be availed even though the client has poor credit history because of bankruptcy or had committed numerous late payments. The cards here have guaranteed approval. It means that credit history or past issues on how the client handles his finances will not be a qualification and it won't matter.

There are three categories available: secured credit cards, carry a balance cards and does noy carry a balance cards.

These cards are all going to help the client to rebuild the credit history he had before.

Compare the card in each category in order for you to get the best bad credit card Canada possibly offered. It will hopefully guide and help you in building your credit history to the maximum level which is having an excellent credit history and credit rating.

SECURED CREDIT CARDS LOW INTEREST AND SECURITY BALANCE

Credit cards in this category come from different card companies or banks. They are offering these cards to those card holders with bad credit history to have the traditional cards. These cards are also safe from getting someone into financial problems as these cards are only allowed to be used based on the amount of credits the client could pay on due date. Assess these cards and select the best bad credit card Canada.

Capital One Low Rate Guaranteed MasterCard®

Capital One offers this card to clients who don't have any credit or limited credit history. This is a card that allows customers to start building their credit history. One of the perks of this card is that approval is guaranteed as long as you are the age of majority in your province of residence, you don't have an existing Capital One account, and you have not applied for a Capital One account within the last 45 days or had a Capital One account that was not in good standing. Another advantage is the low interest rate and low annual fees.

This credit card comprises these following features:

Low annual interest rate of 14.9% on purchases and balance transfers
Annual interest rate for cash advances is 19.8%
May help you strengthen your credit history
Security funds may be required

Standard MasterCard Benefits

Zero Liability

REFERENCES

Love to Know - What Is APR?

Wikipedia - Annual Percentage Rate

Credit Card Travel Insurance Policies

EXTERNAL LINKS

HomeTrust Secured Visa

Need To Carry A Balance For Good Credit

Need to Carry A Balance To Get Good Credit Score

Canadian Credit Cards - MBNA Cards

ReviewCentre - Credit Card Reviews

BAD CREDIT CARDS CANADA

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best secured credit card canada
- Posted April 03, 2010 by Monty Loree

Best Secured Credit Card Canada

Bad Credit – Fair or No Credit History

The credit card applicants can now compare all the secured credit cards in the market being offered by the card issuers. The clients can be aware of the different services the credit card can provide for them. They can search for a credit card that can provide them the maximum benefits and features the card issuer can offer.

When the clients compare the different credit cards, they can choose which card can help and protect their financial needs in the process of building up a good or excellent credit history. Other than that, card users must also take in consideration the amount of security deposit that these card companies requires because it will be the basis of a cards’ credit limit.

If the starting deposit is too high, the card holders may have difficulty paying their card. Clients should also check on the other charges that could add up on the payments that need to be settled every end of the month. These are the interest rates or charges and annual fees. These items must be evaluated well in order to get the safest and most beneficial credit card in the market.

Compare all of the secured cards show in this article that is currently available for application.

Security Deposits

Secured credit cards are safe for use for the clients especially for those card holders who have past experience of bankruptcy and penalized with many charges. Card issuers required an applicant to make a security deposit. The security deposit works as a security fund. This is the only allowable amount of credit that will be granted for the client to use in any transactions using the card by the Best Secured Credit Card Canada.

Once the balance has been utilized, the client can no longer use the card unless he settles the balance or pay the bills. The amount of money deposited in the account will be the equivalent credit limit of the card. In this way, the card users can be saved from over spending beyond the credit limit. This will protect the card holder from bankruptcy as well.

Here are some of the credit cards that have low security deposit requirements:

HomeTrust Secured Visa Card

The card company allows their client to build or rebuild their credit history without putting any financial burden. Discontinued cards will not put the card holder at risk but only required to pay the outstanding balance as the company has given. In exchange for the payment, the security balance will be returned.

All the benefits that the cards offers:

The card company required a minimum balance of $500 to avail the credit card.
Interest rate is at 19.99% for cash advances and purchases.
Annual fee is $49.
Everybody can be approved.
Client can either make purchases over the phone or through online.
Card holders can access to over 1 million Visa or Plus affiliated ATMs all over the world.
Over 24 million locations worldwide are provided to the card holders to shop and use their credit card
Easy to plan and book a vacation can be availed using the Home Trust credit card.

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

MBNA Credit Cards

Credit Card Reviews

BEST SECURED CREDIT CARDS CANADA

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cash back mastercard canada
- Posted April 03, 2010 by Monty Loree

Cash Back MasterCard Credit Card Canada

Cash Back credit cards under MasterCard offer various types of rewards programs in which the cardholder will receive cash rebates equivalent to the particular percentage of the amount charged to the card on annual basis. These cash back program comes with high interest rates compared to credit cards that don’t offer such benefit. The card users should settle their balances in full every month to avoid the interest rate to be charged which can offset the amount of cash to be returned.

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The cash back rewards program is famous in the charge card industry and clients can take advantage of this program. The card companies and banks are giving the exact amount needed to be paid off each year. This could be a good source of savings for the cardholders to keep their accounts.

Good Credit - Excellent Credit

The client must have good or excellent credit history. The card companies and banks are checking the applications to assure the card issuers that they can get clients with good or excellent credit rating. They are reassuring that these clients have the capability of paying the amount they have with their accounts. There are available credit cards with unique features and benefits. Check each card to know which card is applicable to your needs.

Doesn't Carry a Balance - Rewards Cards

Card users are required to pay their balances every month to get the best rewards the card issuer offers. Reward points are the key in this kind of card as the cardholder collects these points and redeemed rewards. Cash Back MasterCard Credit Card Canada is giving cash backs to the client annually. Client can see the rebates received in their personal accounts which can also be used to purchase goods or merchandise.
There are two subcategories for the cardholders' needs: Spend less than $2500 and spend more than $2500 per month.

Let us compare the CashBack MasterCards.

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Spend More Than $2500 / Month - Rewards Cards

Clients who belong in this group are cardholders who usually spend more than the marginal amount of $2500. These card users get the cash back as well as the points. There are those who are not taking advantage of this, instead they consider it as a bonus from their spending. They are not concerned with what rewards they can get. They are more interested in getting large amount of rebates.

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

MBNA Credit Cards

Credit Card Reviews

CASH BACK MASTERCARD CREDIT CARDS CANADA

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cash back visa credit card canada
- Posted April 03, 2010 by Monty Loree

Cash Back Visa Credit Card Canada

Visa credit cards today are offered by banks and credit card companies. These cards are presented to the client who doesn’t want to bring cash with them but utilize the credit as a substitute in order to do a transaction. They use the cards for purchasing, getting an airplane ticket or for shopping purposes. These cards are under the category of Doesn’t Carry a Balance. It requires Excellent to Good credit history. These credit cards offer rewards depending on the card the client has chosen.

Cash back rewards program dominated the charge card industry and clients want to take advantage of the cash back rewards. This is the kind of reward cardholders like.

There are two subcategories provided that separate the card holders. The clients who are spending much on their credit and those who are aiming to get more rewards to be redeemed. These subcategories are: spend less than $2500 and spend more than $2500 per month. The amount $2500 is the marker used to consider the regular amount a card holder is capable to spend each month.

Good Credit - Excellent Credit

The credit card holders in this category has good or excellent credit history. The card issuers are checking these clients if they have the capability off any amount they have incurred. There are available credit cards with different features and benefits.

The client is getting this card because of the redeemable rewards. Collecting of points is the solution to get and take advantage of the rewards.. The Cash Back Visa Credit Card Canada reward points are accumulated every time a guaranteed purchase or transaction has been made. Points can be collected in exchange of the reward points.
Compare all of the cash back Visas that are offered.

DOESN'T CARRY A BALANCE - REWARDS CARDS

This category belongs to the credit card user who pays their balances every end of the month. They are keen on paying the amount their credit card has accumulated. At the same time, they enjoy the points they have accumulated because they can get as much rewards coming from the points they have earned.

These points are used to redeem rewards such as merchandise, gift certificates and a lot more. However, the most important attribute of these cards is giving certain amount of cash backs to the client’s account annually. Client can see the rebates received in their individual accounts which can also be used to purchase goods or merchandise.

References

IberiaBank Visa Gold Credit Card

PenFed Visa Platinum Cash Back Rewards Card

Chase Freedom Visa

External Links

Best Credit Cards Comparison

Visa Credit Card Offered

Credit Cards Cash Back Features

CASH BACK VISA CREDIT CARDS CANADA

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cash back credit card canada
- Posted April 03, 2010 by Monty Loree

Cash Back Credit Card Canada

Credit cards are useful nowadays to every person. It becomes the alternative money for individual especially for those people who don’t want to bring cash along with them. These types of people are using the credit on their cards to purchase items. They pay their balances every month when they receive their billing statements.

Credit cards offer great cash back deals. Aside from that, it has other features and benefits to offer. There are different banks and card issuers under the cash back category. Cash Back Credit Card Canada is categorized based on how much the card user’s spending budget using the card. It can either be under the subcategory spending more than $2500 or less than the amount.

Check each credit card and its cash back offers, benefits and features and compare it with credit card company to see their differences. Also, try evaluating which credit cards suits the client more than the charges and fees. The client can pick and apply the best credit card that suits him.

Good Credit - Excellent Credit

Cash Back credit cards are cards that gives back a certain amount of dollars spent back to the card holder. It is based on a specific percentage in which the card issuer has set for the card. The cash back rate is computed along with the total amount of credit used that is reflected in the client’s account.

Usually these cash backs range from 1% to 3% depending on the bank or card company, while other card issuers reach to a maximum of 5%. These returned cash is placed on the account of the client annually where the total amount of purchases is subjected to the cash back percentage offered. Clients can actually consider this as their source of savings. The cash back credit can be used again to purchase goods or merchandise.

The credit cards that will be presented are those cards that require good or excellent credit history. Clients who are aspiring for these cards should have a good credit history as one of the requirements. For clients who do not have a credit history yet or has a bad credit rating, do not be depressed because there are available credit cards that does not require any credit history and instead will help you rebuild it again. Cash Back Credit Card Canada. Take note of each card as they are unique in some ways compared to the others. Select the credit card that would be useful and convenient for you.

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

MBNA Credit Cards

Credit Card Reviews

CASH BACK CREDIT CARDS CANADA

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best cash back credit cards canada
- Posted April 03, 2010 by Monty Loree

Best Cash Back Credit Cards Canada

Cash Back Credit Cards are cards that rewards certain percentage of cash or money to the card holders for every dollar spent. This cash back comes from purchases made with the credit card. The cash back ranges from 1% to 3% depending on the bank or card company. These are given back to the client annually if the total amount of purchases has been reached. The cash back can be used by the card holder for his future purchases.

Good Credit - Excellent Credit

Let us discuss credit cards that require excellent credit history. This means that the client has been been religiously paying his monthly due and have not missed out any payment that could affect his credit history.

Best Cash Back Credit Cards Canada. There are seven card issuers that offer great benefits and special features. We compare each of the cards to determine the best cash back credit cards that best fit your lifestyle.

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DOESN'T CARRY A BALANCE - REWARDS CARDS

Clients that belong in this category are card users who pay off their balances at the end of each month. Rewards are being offered when the cardholder avails this card. Points and cash backs are offered when you use this type of credit card. Cash backs are given annually and the client can save while using the credit card for his purchases.

Cardholders can now choose their credit cards depending on their needs. There is a credit card for those people who spend much on their credit limit and those card holders who want to earn more reward points when making a purchase. These are the cards: spend less than $2500 and spend more than $2500 per month. $2500 is considered as the normal amount a card holder is capable of spending monthly.

Spend More Than $2500 / Month - Rewards Cards

Clients in this category spend a lot of their credit and in return, they are rewarded with points and cash backs for every dollar they spent. Card users can accumulate many points to receive the rewards they wanted after using the card for their transactions.

Capital One - Aspire CashTM Platinum MasterCard®

This credit card entitles the card user a chance to get a cheque or statement credit after accumulating the necessary points. Other features of this card includes:

Earn cash rewards and pay no annual fee!
Earn 1% cash rewards on all net purchases
Get 25% extra cash rewards every year
No limit to the amount of cash you can earn
Annual interest rate of Prime +16.8%

Additional benefits:

Valuable Platinum benefits, including Purchase Assurance and Extended Warranty
Add an authorized user for $0
MasterCard PayPass
Card holders should pay their bills monthly to avoid the interest rate.

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- Posted April 03, 2010 by Monty Loree

Best Low Interest Credit Cards Canada

The "Best Low Interest Credit Cards are for card holders with both good and bad credit. The credit cards offered here are from different card issuers who offer low interest rates. Card holders can compare and check the features and benefits of the card so that card holder can decide the best credit cards Canada that suit their needs.

All of the cards featured in this article Carry a Balance.

Good Credit - Low Interest Credit Cards

In this category, the credit card company offers low interest rates. These low interest credit cards Canada are best for card users who use their cards frequently. This card charges minimal interest rate. This is best for card holders who cannot pay their bills on time monthly. There are various types of low interest credit cards Canada from different card issuers. Check out on their special features.

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credit card rewards program canada
- Posted April 03, 2010 by Monty Loree

Credit Card Rewards Program Canada

Card holders that fit in to this category are considered convenience users as they used the card credit and pay off their bills or credit balances in a monthly basis. They are making use of the credit card for their transaction on top of collecting rewards points. The gathered points can then be redeemed with different kinds of rewards that a card company offers the card user. A common rewards program that is usually given by the card issuers are travel rewards which permits the card holder to collect Miles points or Aero point depending to which the card company is linked with rewards credit card Canada.

Additionally, cash backs programs are also obtainable as a rewards program in which definite percentage of the purchases made or the total amount of credit used is returned to the card holder. These cash backs are typically given through a cheque or adding it up to the card holders account. Other rewards program aside from what is available is used by other card companies or banks. The entire possible rewards program will be present as you go along with the article.

Good Credit - Doesn't Carry a Balance

Travel Credit Cards – AirMiles and Aeroplan Points

CIBC Aerogold® Visa™ Card

Capital One Miles Platinum Plus MasterCard™

This credit card is unique in the sense that this allows you to collect many points. These Miles Points would then be redeemed with travel purchases which can be flight tickets. Best Mastercard Credit Cards Canada. This will give the client less expenses as they don’t need to spend cash but instead utilize the ticket they got from the rewards that the Miles Platinum Plus MasterCard offers. In addition, the rewards also would cater the taxes and airport fee charges.

Earning points with Miles Platinum Plus MasterCard by:
• Every dollar spent during purchases with the card is equivalent to 2 reward miles points.
• When receiving the card, the first time you use the card would instantly entitle you 25, 000 bonus reward miles point that can redeem rewards.
• Doing balance transfers and cash advance doesn’t have an equivalent reward point.

Furthermore, the Miles Platinum Plus MasterCard is completely different from other reward credit cards like Aeroplan or Airmiles because these companies don’t cover the air fare taxes as well as the terminal fees. Miles Platinum Plus MasterCard covers everything which means that it lessens the burden and expense of the card holders. Hence, it provides comfort and a hassle-free travel.

Aspire Gold MasterCard®

This credit card would offer a secure online application which gives the card applicant assured security. This card offers good benefits that are of advantage of the card user. Check out more of this card's benefits.

Aspire Gold MasterCard® benefits:
• Earn reward miles every time the card is used.
• No Annual Fee for this credit card.
• Earn 1 reward mile for every $1 spent on everything you buy or purchase.
• 5,000 bonus reward miles with your first purchase using the card.
• 1,000 anniversary bonus reward miles every year given to the card holder.
• Redeem for travel, cash, merchandise or gift cards using the points accumulated or collected.

BMO Gold AIR MILES MasterCard®

This credit card gives the card user point bonuses. In addition, the card provides discount on flights booked with Air Miles and double up points when doing transaction with Shell Stations and National Car Rental & Alamo Rent A Car. This Gold Credit Card Canada card offers everything that the card company can provide for the card holder to enjoy.

BMO Gold AIR MILES MasterCard additional benefits:
• 150 bonus reward miles instantly given with your first card purchase.
• Exclusive 25% discount on the number of reward miles required for all AIR MILES flights worldwide.
• BMO Travel Protection including Collision Damage Waiver coverage for car rentals. Save money for about $29/yr.
• 1 AIR MILES reward mile for every $15 in card purchases.
• Double reward miles at Shell locations in Canada once doing a purchase or avail any services.
• Double reward miles at National Car Rental & Alamo Rent A Car locations worldwide.
• 19.5% interest rate for this credit card.
• $99 annual fee is charged by the card company.

MBNA TravelRewards Platinum MasterCard

CIBC Aero Classic Visa Card

Earning valuable Aeroplan Miles on all card spending made everyday. In addition, card holder will receive a Welcome Bonus of 2,500 Aeroplan Miles when the card is used for the first time. Other card benefits are listed below for you to check.

CIBC Aero Classic Visa Card detail benefits:
• Receive 1 Aeroplan Mile for every two dollars you spend on the card in any transactions.
• Receive up to double Aeroplan Miles when you use your CIBC Aero Classic Visa Card. It can be used to dine, golf, or stay at any participating CIBC Bonus Rewards establishment.
• A guarantee from CIBC that you will not lose any of your Aeroplan Miles due to 12 months of account inactivity.
• Enjoy unsurpassed acceptance of the card across Canada, and in over 24 million locations worldwide.

Capital One® No Hassle Miles Rewards

Aspire™ World MasterCard®

This credit card would offer a secure online application just the same with Aspire Gold MasterCard. it also gives the card applicant assured security. This card offers good benefits and features that are of advantage of the card user which is convenient to use. This card Check out more of this card's benefits.

Here are some features of the credit card:
• Earn more reward miles - on everything you buy using the card.
• Earn 2 reward mile for every $1 spent - on everything you purchase with the card.
• 35,000 bonus reward miles with your first purchase of the credit card.
• 10,000 anniversary bonus reward miles every year.
• Redeem for travel, cash, merchandise, gift cards and more.
• World MasterCard benefits including Travel Emergency Medical Insurance and Trip Cancellation Insurance.

Cash Back Credit Cards – Rewards Points Cards

Spend More Than $2500 / Month - Rewards Cards

Capital One - Cash Back Gold MasterCard®

Getting this credit card will let the cardholder earn cash back rewards instantly on every purchase made using the credit card. The more the credit card is used on transactions, the more earnings will be accumulated in which it will be subject for the source of how much cash back or rebate is returned. The client can ask for additional cards without any fee and also add an authorized user. What is great about this card is that you won’t feel and realize that your rewards are doubling up in points over a short period of time as long as the credit card is constantly used.

The Cash Back Gold card allows you to gain points through following ways:
• 0.50% cash back up to $3,000 in spending using the credit card.
• Company gives a 1% cash back on all purchases greater than $3,000.
• Price Protection Program will help clients find a lower price on your purchase within 60 days, Capital One will refund you the difference up to $100.
• There is no limit on the number of points earned
• Card holder can redeem rewards anytime as long as personal account have a deposit amount of above $15.
• Purchase Theft Protection is giving a 120 days insurance in case of theft or damage to purchases made.
• No maximum rebate policy is guaranteed.
• Extended Warranty Program will double warranty up to 2 yrs from the past offer of 1 yr only.
• Car Rental Insurance and Baggage Delay Insurance is also provided as part of the benefits.

MBNA PremierRewards® Platinum Plus® MasterCard®

Capital One - Cash Back Plus Platinum MasterCard® The more you spend, the more you'll save.

The benefit with the Cash Back card is that you can redeem your points by getting a cheque or a statement credit after you have more than $15 collected in points.

The Cash Back Plus Platinum card lets you collect points as follows:
• For purchases up to $10,000 you get 1% cash back annually
• For purchases between $10,000.01 and $20,000 you'll collect 1.5% cash back annually
• For purchases over $20,000 you'll collect 2% cash back annually
• There is no ceiling limit on points earned
• You don't collect cash back points on balance transfers or cash advances.

This card is best for those who want a cash back reward and not a travel reward or other gifts rewards.

This card has an annual fee of $99 so it's recommended that you meet the minimum amount of spending (usually $2500 per month) to make up the cost of the annual fee with points collected.

The Cash Back Platinum Plus card has an interest rate of 19.8% so it's best that you pay off your balance every month and not pay interest on this card.

MBNA WorldPoints Rewards MasterCard

CIBC Dividend Card®

CIBC Dividend card allows their card users to earn up to 1% cash back on the net purchases made with the card. The amount of cash back earned is going to be accumulated and will be added to the best cash back credit card Canada account. Best Cash Back Credit Cards Canada. This will make the card holder get something out of the spending they have made.

Here are the card details of the credit card:
• The card entitles the card holder with a Common Carrier Accident Insurance worth $100, 000.
• The card also provides insurance for the security and extended protection on all purchases you have made with the credit card.
• AVIS car rental discounts of up to 20% is given once you have the card in hand but can be availed only on participating locations.
• Cheques can be made into personalized with CIBC Convenience cheques without extra charges.

TD Rebate Rewards Visa Card

The Rebate Rewards Visa Card is a credit card that doesn’t charge an annual fee. It is the cash back credit card that gives you cash back on your daily purchases with your annual rebate. Once you use your no-fee Rebate Rewards Visa Card to have purchases, you'll earn a cash rebate of a certain percentage on the total purchases charged to your card. The more you use your Rebate Rewards Visa Card in your transaction, the greater the money you get back. Watch out for the interest of this card. Pay your bills on or before its due date.

Here are other benefits of the card that is offered:
• 0.5% cash back is given on the first $3000 worth of net annual purchases made with the card.
• Additional 1% cash bank on the net annual purchase above $3000 to a maximum of $25, 000 on the credit card.
• Cash back are credited every January directly into the client’s account and statement account would show your total cash back earned.
• Pay on the Visa payWave technology where you can secure and have easy contactless payment system that's faster and more convenient than paying with cash.
• The card issuer uses the Chip Enabled Technology which give each client identical pin for security of their accounts.

For example, if net annual purchases on your cash back credit card total $15,000, you will earn cash reward of $135 ($15 for the first $3,000 in purchases and $120 for the additional $12,000.) You have just earned $135 from using your Card for everyday purchases which could be used for extra other purchases. Think of the amount of money you can save when you use your credit card everyday in every transaction you are dealing with.

BMO Premium CashBack MasterCard®

The best cash back credit cards Canada company gives the card user cash back in all the card purchases made. It includes cash back coming from participating companies like Shell, as well as National Car Rental and Alamo Rent a Car. This gives much savings even though the card has an annual fee of $49. Something to watch out of the credit card is the high interest fee of 19.5% which is not a problem only if the card user will pay the bill on time or before due date is over.

BMO Premium Cashback card details:
• For every purchase made with the card BMO would give 1% cash back.
• In Canada, any Shell Stations would gives out cash back of 3%.
• With National Car Rental and Alamo Rent a Car, 3% cash back is returned when you purchase or avail their services.
• BMO gives Roadside Assistance to the card holders. Here are some of the following services: battery boost, fuel delivery, lockout service and towing.

RBC® Cash Back Visa Card

This card would give you the convenience of not using a card and instead use the RBC Cash Back Visa. They give 1% cash back credit starting from the groceries you have bought, the gas you have filled your tank and a lot more. In every purchase you made with the card, there is corresponding cash back. Using the card and looking at your cash back balance every month makes you overwhelmed on how it adds up.

What do the card offers you with its benefits:
• 5% cash back is earned on groceries purchased. In addition, 5% cash back credit when buying groceries at the participating stores using the credit card until December 31, 2010.
• Earn 1% cash back on all other qualifying transactions made with the card when you make for pre-authorized payments on the Cash Back account.
• When you use your Custom Switch, you are given up to $25 cash back bonus.
• In paying for small purchases, the company gives the Visa pay Wave for client comfort, safety and security.
• No extra cost when you are asking for additional cards for the co-applicants and authorized users.
• You can access cash worldwide of up to $500 or depending on your credit limit.
• Minimum credit limit is high at $1000 compared to other cards.
• The card is widely accepted in over 600, 000 locations in Canada and over 23 million all over the world.
• Travellers cheque is commission-free.

Spend Less Than $2500 / Month - Rewards Cards

Capital One - Cash Back Guaranteed MasterCard® for Gas & Groceries

This best cash back credit card Canada is usually used by card holders for their purchases on gas and groceries because they are getting more on the cash back. It gives them much savings over their expenses. So, collecting cash back points every month becomes an advantage on their part in using the card. But card users must be responsible in the payment of their balance so that they will not be charged of interest fee. More cash backs are provided on the card details below.

This card has more benefits to offer:
• Credits used on gas purchases give you receive 2% cash back.
• In buying groceries, 2% cash back is given in return to your account.
• Every other purchase made with the card, the client will receive 1% cash back.

Scotia Momentum Visa™ Card

This credit card allows you to collect a generous cash back percentage for the retail purchases you have made with the card. If you are a big spender, then it won’t be a problem because there is no certain limit in the amount of point you can accumulate or collect from all the card transactions made. You can get cash back from gas, groceries and drugstore purchases. Get the full offers of the card so that the annual fee won’t bother you which is at $39. Moreover, paying the bills on the specified time or at the end of a month lets you get away from the interest of 19.99% on purchases and 21.99% on cash advances as well as balance transfers

Scotia Momentum Visa™ Card additional benefits:
• 2% cash back are given to card holders on purchases made either on gas, groceries or in a drugstore. It also includes recurring payments.
• 1% cash back on all eligible purchases with Momentum Visa card.
• Credit limit is at $500 which is higher compared to other credit cards.
• Save 20% discount to any AVIS Car Rental service you have purchase but allowed only to the participating locations.
• Electronic banking is available to check your account information, bill payments and mini-statements.

Cash Back Platinum MasterCard® with No Hassle Rewards™

The clients who are suitable for this card are those individuals who spend money and just want to gain the cash back or rebate. They are the persons who spend for small quantities of merchandise but get much of the benefits of the credit card.

Here's what you get with this card:
• 0.5% cash back annually on total purchases up to $3,000 are given back to the card user.
• Additional 1% cash back annually on total purchases above $3,000 is also returned.
• This card doesn’t have any annual fee charge.
• When redeeming your cash by cheque or get a credit on your statement you can request for it online.
• Earning or savings you gain with this card has no limit or capacity.

Chase Freedom Visa $50 Bonus Cash Back

Chase Freedom Card has a lot of rewards to offer. It starts off with the cash back of $50 during the first purchase made with the card. Moreover, a 0% introductory APR is also given along with the no annual fee policy. This is one of the best cards that you can pick. Check out more of its benefits and features below.

Chase Freedom Visa offers more than what is mentioned above:
• 5% cash back offers is returned to the card holder when purchasing gas, home improvement and department stores.
• Get additional 20% cash back when buying with the specific merchant online using the Chase credit card.
• 1% cash back for all the credit spent – no spending tiers or caps on how much you can earn.
• $50 bonus cash back during the card first purchase.
• No annual fee as well as introductory APR.

References

ExtraCreditCards.Com

Reward Credit Cards

Canadian-Money-Advisor Reward Cards

External Links

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

Best Credit Cards Comparison

References

External Links

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travel credit card canada
- Posted April 03, 2010 by Monty Loree

Travel Credit Card Canada

Travel credit cards are one way to get the best out of your credit cards. Aside from buying the goods and merchandise that you need everyday, you are able to enjoy the benefits of travelling to your desired destinations for free.

However, we also must consider the type of payer you are. This card basically works best for people who has a good credit and those who don't carry a balance. With this kind of setup, for every transaction that you make, you earn a point that will be redeemable for travel once it reaches a certain level.

Now, let's look into the insurances that the travel credit cards Canada offer.

Insurances that the Card Covers

Accident

Travel accident insurance covers accidental death and dismemberment when you, your spouse or any dependent children travel on a common carrier (plane, train, bus or ship). To be eligible for this insurance, you must have bought your tickets with your credit card.

Trip Cancellation or Interruption

If an illness, injury or other covered cause prevents you from starting your trip, you'll be covered for up to a certain amount of eligible cancellation expenses per eligible person. Eligible expenses include the cost of unused travel arrangements that were charged to your card or, with pre-approval, the cost of leaving later for your trip.

Also, if a covered cause prevents you from completing your trip, you'll be covered for up to a certain amount of eligible trip interruption expenses per eligible person.

If you need to file a claim for a canceled trip, you’ll need:
-proof from the airline that the trip was canceled or
-a doctor’s note (in the case of a medical emergency) or
-a death certificate (if your trip was canceled due to a death in the family).

Medical

Travel medical insurance covers, up to a certain limit, some medical expenses when you travel outside your province of residence. These expenses could include: medical consultation charges, hospitalization charges, ambulance service fees, etc. Your spouse and any dependent children may also be eligible for benefits when traveling with you.

Car Rental

Use your eligible card to charge the full cost of a car rental and the Auto Rental Collision/Loss Damage Insurance program will cover you at no additional cost. Travel Credit Card Canada. This insurance coverage means you do not need to purchase the collision/loss damage insurance coverage offered by the car rental company. You'll be protected against loss arising from damage to the rental car on most rentals in North America and many foreign countries.

Flight Delay

Flight delay insurance covers reasonable and necessary hotel, motel or restaurant expenses, up to a certain dollar amount, when your flight is delayed or you are denied boarding for a period of time, and no alternate transportation is available. Your spouse and any dependent children may also be eligible for benefits when travelling with you.

Baggage

If your checked baggage is lost or delayed by more than six hours from the time of arrival at your final destination, you, your spouse and dependent children can be reimbursed up a certain amount. This includes the cost to replace essential items purchased before the baggage is returned to you, and the replacement cost of personal property that is not covered by the airline or other insurance if your checked baggage is never returned.

Purchase Protection and Extended Warranty

If an eligible item that you purchased in full with your travel credit card is stolen or damaged within 90 days of purchase, it may be replaced or repaired or you will be reimbursed for it. If the item comes with a manufacturer's warranty, you may be entitled to double the warranty period by up to 12 additional months.

Travel Rewards Credit Cards Canada

MBNA - WorldPoints
Capital One - No Hassle Rewards

AIRMILES

In order to earn points, you need to have an Airmiles Collector Card where you can turn your everyday purchases like groceries and gas into Airmiles Reward miles in which you can then avail for the thing you really want, like dream vacations, home theatres to entertain the whole family, relax on a movie, have an unforgettable date with your loved one or just be free to unwind and explore the world.

Earning reward miles is easy and quick through the featured offers and promotions that these companies, shops and boutiques offers. You will never know that your reward miles are doubling up in point as you purchases things for your day to day needs especially hitting on those promos that offers additional points. Travel Credit Card Canada. You can earn point with almost everything, from auto care and services to electronics, grocery, drugstore and beverages and also through financial and insurance service. There are a lot more of sources of these Airmiles Reward points.

Another ways of earning reward miles is through Airmilesshops.ca where you can just easily log in at home and buy the goods you need with the equivalent points to earn. A lot of featured online sponsors are being advertised, showing how great they would provide points when you purchase their products. This is a hassle-free way of accumulating point and get closer to your dreams.

Collecting Air Miles rewards is made easy. All you just need is first carry your Air Miles Collector card with you. Second, present your Air Miles Collector card when you make qualifying purchases from a sponsor. And lastly, build up your Air Miles reward miles and then exchange them for travel, leisure and entertainment or merchandise rewards. This is why Air Miles rewards are within your reach.

AEROPLAN

The Aeroplan Program is an incentive program for its frequent flyer customers who love to travel and go around the world. Fly and avail a lot of benefits depending on the membership you have gained form Aeroplan.

There are 4 levels of membership in Aeroplan: Basic, Prestige, Elite, and Super Elite; the latter three are the "Top Tier" membership levels. These Top Tier levels provide travel benefits such as upgrades, lounge access, priority services (e.g. check-in, luggage handling) and more. In order to qualify for one of the three Top Tier levels, the member must earn a certain number of "status miles" or fly a certain number of "status segments" in a given calendar year (thus qualifying that member for the next benefit year). Travel Credit Card Canada. Prestige members have Star Alliance Silver status while Elite and Super Elite members have Star Alliance Gold status. Flying frequently give you the fast pace of getting the top membership giving you unlimited benefits that Aeroplan can offer.

Join Aeroplan-and you'll bring yourself closer to getting where you want to go or living out what you've always wanted to experience. Today's Aeroplan is all about getting the most out of life-with a world of flexible travel options available. In fact, did you know that Aeroplan is Air Canada's largest reward ticket issuer, with a new trip booked approximately every 22 seconds? What's more, there are over 400 Aeroplan Rewards for you to choose from, such as gourmet getaways, electronics, entertainment, sports events, even spa packages. And Aeroplan continues to add new rewards all the time. Aeroplan is Canada's premier rewards program-for frequent flyers and credit card accumulators alike-backed by the best customer service agents in the business. That's what we mean by miles and possibilities.

After all, Aeroplan is the largest and most extensive frequent flyer program, and a leading loyalty program, in Canada. And we're always on the lookout to bring you even more ways to increase your miles and enjoy the benefits.

NO HASSLE REWARDS

Free from being rushed or being hassled by your purchases, bookings and reservations, Capital One offers everything hassle-free.

You’ve probably seen the commercials recently with a not-so-effective guardian angel trying to look after a person while they experience ongoing accidents and pain. But, when it really is important — as in when the person is about to use the wrong credit card to pay for something — the angel saves the day by ensuring the credit card cardholder uses their Capital One No Hassle Rewards Visa card.

Another Capital One No Hassle feature involves being able to redeem rewards earned on the card for more than just cash, including merchandise, gift certificates and free airline travel.

RANGE OF ANNUAL FEES

Annual fees are basically fees that are paid annually or per year. In the context of having credit cards, annual fees are obligatory amounts that are required by the credit card company for the credit card user to pay each year.

Annual fees vary from one credit card to another. Some companies charge as low as 25$ per year while other charge as high as 500%. You may wonder, “Why does other credit card companies charge as high as that while others don’t even have an annual fee to pay?”

Well, annual fees differ depending on the type of credit card that the user holds. If the credit card user has a credit card that has benefits such as travel rewards, insurances and memberships, then the annual fee of this credit card user is apparently higher than the one who is just using a basic low-interest credit card with limited benefits.

In some instances, annual fees can be waived according to the arrangement that has been set between the user and the credit card company.

For example, Capital One No Hassle Miles Rewards has no annual fee to be paid each year, whether the credit card was used or not. On the other hand, the Visa Black Card which has one of the most luxurious and most lavish benefits when travelling has an annual fee of $495.

RANGE OF ANNUAL INTEREST RATES

Annual Interest Rates, or otherwise known as APR (Annual Percentage Rates), are the fees that you will pay in interest charges every year. The amount that will be paid depends on the credit card’s APR and the existing balance in that account.

APR’s typically range from 3% to as high as 30%. For someone who has applied for a credit card the first time or someone who doesn’t have a good credit history, the APR in that card is relatively high. On the contrary, somebody with a good credit rating and is a good payer, is entitled to have a credit card with a low APR.

As mentioned, the annual interest rates can also depend on the account’s existing balance. For example, you have charged $100 on your credit card which has an APR of 15% and the minimum monthly payments were only $2 per month. However, with that APR and not paying the credit in full, it would take over a couple of years to settle your charges. And with the credit of only $100, after paying the entire term, you have reached paying them $150 in return. Now, don’t you think APR is very important in choosing your card?

References

http://creditcards.lovetoknow.com/What_Is_APR

http://en.wikipedia.org/wiki/Annual_percentage_rate

http://www.creditcardfinder.com.au/credit-card-travel-insurance-policies.html

Travel Credit Card Canada

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points credit card canada
- Posted April 03, 2010 by Monty Loree

Points Credit Card Canada

The points credit cards in Canada that are presented are different kinds of card that offer rewards points. These points either be for travel in which you can claim or redeem flight tickets when you exchange the points you have earned. Usually miles and Aeroplan points are given. There are also other rewards points in which you can redeem some gift certificates, cash cheques or get some merchandise. Clients that do use this type of cards are considered convenient users as they use the card for their business and personal transaction. They then pay off their bills every month. These cards do have high interest rate that is why people who do utilize these cards are earning good income and can afford to pay what they owe from the Card Company or Bank. Some of these credit cards do have annual fees to pay but others don’t have any. It will depend now on what card will you pick out of the many points credit cards available in Canada.

All of these cards offer points every time the credit card is used for purchases where the card user has spent an amount of money. Each card does give different amount of points and other give additional bonus or extra points depending on their card promo. It is better that you check each of the credit card as well as their benefits. In that way, you can select the best suitable card for you that provide you total and complete advantage of their cards.

Excellent and Good Credit - Doesn't Carry A Balance

Compare each of the credit cards especially on the amount of points that is given based on the amount of dollars spent. Take note also for extra bonus points that is given instantly during anniversary celebration of the card company or bank. Points are also given during first card use on any transaction. The number of points differ depending on the card issuer.

Platinum Points Credit Cards

Capital One Miles Platinum Plus MasterCard™

MBNA TravelRewards Platinum MasterCard

Visa Platinum Avion Credit Card

This is an excellent travel rewards card that allows the card holder to earn RBC Rewards points with every purchase made using the credit card. Redeeming for flights on any airline is assured with no blackouts as well as seat limitations. Platinum Credit Card Canada. in redeeming for any merchandise, gift cards/certificates and more it can be done through an online process or on their redemption centers allocated by the card company. With this platinum card, the optimum benefits are given and promos are mostly available for the card holder.

Visa Platinum Avion card benefits and features:
• Flexible points redemption options such as air travel on any airline, anytime with no blackout periods or seat restrictions guaranteed.
• Earn 1 RBC Rewards point for every dollar you spend using the credit card.
• Air travel rewards start as low as 15,000 points for this card.
• Choose from other travel rewards offered by the card company including packaged holidays, hotels, car rentals, rail travel, cruises and tours.
• Redeem for any of our specially selected merchandise items, gift certificates or investment rewards using the earned rewards points.
• Earn RBC Rewards points faster with travel bookings with the Carlson Wagonlit Travel.
• Additional RBC Rewards points will be given once client avails the RBC Rewards Dining Program and Thrifty Car Rental.
• Exchange RBC Rewards points for Esso Extra points is allowed for this card.
• Option to transfer RBC Rewards points to Asia Miles or BA Miles is also granted by the card company.
• Minimum credit limit of $1,000 is assured for this card.
• Chip and PIN technology to safeguard your card from fraudulent use and Zero Cardholder Liability eliminates your liability for fraudulent card transactions, provided you take reasonable precautions to protect your PIN and your card, as set out in your RBC Royal Bank Credit Card Agreement.
• Visa PayWave for speed, convenience and security when paying off for any small purchases made with the card is provided.

Cathay Pacific Visa Platinum Credit Card

The RBC Cathay Pacific Visa Platinum card is the only credit card in Canada that allows the card holder to earn Asia Miles points for international flights to over 900 destinations, upgrades and more services. With the Visa Platinum card, card user easily earnes Asia Miles point in order to enjoying special benefits and valuable insurances. This credit card is best for clients that are frequent flyer as they can take full advantage of the cards benefits and features.

Cathay Pacific Visa Platinum card details:
• 5,000 Bonus Asia Miles upon approval of the card.
• Earn 1 Asia Mile for every $1 dollar spent with the card.
• Double Asia Miles for each $1 spent on Cathay Pacific airline tickets purchased through the website of the company which is www.cathaypacific.com
• 31-Day Out of Province or Country emergency Medical Insurance given.
• Complimentary membership (Green Tier) into The Marco Polo Club for principal cardholder and a fee waiver worth $50 USD.
• 2 Asia Miles for every $5 HKD spent on in-flight purchases with a minimum net purchase of $500 HKD.
• Earn more Asia Miles from a wide selection of Asia Miles partners.
• Worldwide Access to Cash Advances up to $1,000 daily.
• Minimum $1,000 credit limit assured for this card.
• Commission Free Travellers Cheques are offered by the card company
• Enjoy the convenience and protection of the Credit Card with purchase related insurances.
• Zero Cardholder Liability eliminates your liability for fraudulent card transactions, provided you take reasonable precautions to protect your PIN and card set out by the RBC Royal Bank Credit Card Agreement.
• Accepted at more than 600,000 locations in Canada and over 20 million locations worldwide.
• Guaranteed hotel reservations for the card holder.
• Chip and PIN technology for enhanced security service comprises the credit card.

Gold Points Credit Cards for Canadians

CIBC Aerogold® Visa™ Card

Travel rewards are the most special feature of this card. It gives a lot of benefits for people who loves to travel for leisure or for business purposes. It also offers points credit cards that can be redeemed with equivalent rewards based on your points earned. The exclusive benefits are listed below. Best Visa Credit Card Canada.

List of CIBC Aerogold Visa™ Card benefits
• 15, 000 bonus Aeroplan® Miles on the first purchase of the card which is equivalent to one economy class short-haul flight at the ClassicFlight® reward level.
• Earn 1 Aeroplan Mile every time a dollar is spent by the card user.
• 1.5 Aeroplan Miles awarded for purchasing gas, groceries and items from the drugstores.
• Aeroplan participating partners also give additional points when you use the card at their stores or shops.
• Air Canada and Air Canada Jazz including Executive Class/Executive First 1 are given free access for the card users for the available seat only.
• CIBC guarantees the client that points earned will not be lost even being inactive for 12 months.

Aspire Gold MasterCard®

This credit card would offer a secure online application which gives the card applicant assured security. This card offers good benefits that are of advantage of the card user. Check out more of this card's benefits.

Aspire Gold MasterCard® benefits:
• Earn reward miles every time the card is used.
• No Annual Fee for this credit card.
• Earn 1 reward mile point for every $1 spent on everything you buy or purchase.
• 5,000 bonus reward miles points with your first purchase using the card.
• 1,000 anniversary bonus reward miles every year given to the card holder.
• Redeem for travel, cash, merchandise or gift cards using the points accumulated or collected.

BMO Gold AIR MILES MasterCard®

This credit card gives the card user point credit card bonuses. In addition, the card provides discount on flights booked with Air Miles and double up points when doing transaction with Shell Stations and National Car Rental & Alamo Rent A Car. This Gold Credit Card Canada card offers everything that the card company can provide for the card holder to enjoy.

BMO Gold AIR MILES MasterCard additional benefits:
• 150 bonus reward miles instantly given with your first card purchase.
• Exclusive 25% discount on the number of reward miles required for all AIR MILES flights worldwide.
• BMO Travel Protection including Collision Damage Waiver coverage for car rentals. Save money for about $29/yr.
• 1 AIR MILES reward mile for every $15 in card purchases.
• Double reward miles at Shell locations in Canada once doing a purchase or avail any services.
• Double reward miles at National Car Rental & Alamo Rent A Car locations worldwide.
• 19.5% interest rate for this credit card.
• $99 annual fee is charged by the card company.

Other Points Credit Cards in Canada

MBNA WorldPoints Rewards MasterCard

This best mbna credit cards canada has been the most rewarding MasterCard as it gives you instant 1.000 world points as an introductory reward. With that, you can avail right away of its offered rewards even without using or earning points yet with your card. You have just simply got a card and receive a reward in return.This rewards points credit card has a lot of features to get to know too.

Here is the list of its card features:
• You easily Earn 1 world point for every dollar you have spent.
• With your first qualifying transaction, you can instantly earn 1,000 bonus WorldPoints.
• Once you reach a certain number of point, you can redeem WorldPoints rewards either of your choice whether spend it for travel or for merchandise or both at the same time.
• Redemption level is at 1,000 WorldPoints which mean that the moment you got the card with the instant 1,000 WorldPoints, you can avail a certain reward equivalent of the points you have
• Annual fee is cheap compared to other rewards cards which are only at $29.

Aspire™ World MasterCard®

MBNA PremierRewards® Platinum Plus® MasterCard®

A rewards credit card that pays you back with what you have spent for. It allows its customer to make their dollar spent to go as far as possible. This means that this company allows their card holders to enjoy the rewards they have prepared especially to those clients who spent much using their card and accumulate numerous points. It could be then exchange with surprisingly great items or merchandise. It can even become certificate for groceries, gas or for shopping.Check on the features of this rewards credit card and compare to which features and offers you are fascinated on.

Here are its features:
• As commonly offered by rewards credit card points. This card has No Annual Fee as well.
• 1% back on all net retail purchases when buying merchandise or any transactions that you have used your rewards card.
• There is a yearly automatic rewards crediting in your account once you have availed with their promos especially those that are offered in the company’s website.
• Regarding with points, there is an enticing policy of No spending limits or earning limits. Customers can earn points as much as they can and redeem rewards equivalent to their accumulated points.
• There is Exclusive platinum benefits and peace of mind for the card holder that provides less risks and hassle.
• Booming credit limit of up to 100,000 is offered by the card issuer giving the customer a wider range to spend on their credits.
• Customer service is always present 24/7 for any inquiries or problems that these card holders may encounter when using their credit cards.

Chase Sapphire Card

This credit card gives much bonus reward points which gives you the freedom to grab the rewards available using the bonus points earned. Travel, gift cards, merchandise, cash back and more are examples of the rewards it offers. Check the other benefits and compare it with other cards.

Chase Sapphire Card offers the following as additional features:
• Earn $100 in rewards which is equivalent of 10, 000 bonus points to use for redemption of surprises.
• Double points gained on flight tickets booked through Ultimate Rewards and single point for purchase made with the company.
• No points expiration and no limitation of how much point earned.
• Premier travel and purchase protection benefits given to the client.
• Dedicated service advisors are on standby 24/7.
• No annual fee charge even if the card company is giving all the card benefits it can offer.

Capital One Venture Rewards Credit Card

CIBC Aero Classic Visa Card

Capital One® No Hassle Miles Rewards

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Points Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

Best Credit Cards Comparison

MBNA Credit Cards

Credit Card Reviews

Points Credit Card Canada

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platinum credit card canada
- Posted April 03, 2010 by Monty Loree

Platinum Credit Card Canada

Platinum credit cards are the kind of cards that provide card user all the benefits and features that a card company can offer.

The benefits are unique and are not usually offered to any other credit cards. The benefits are exclusive for the platinum credit card holders. It is the finest among the other cards in the market. The clients should have an excellent rating in credit history. The card holder must have the capacity to pay the high interest rate and annual fee. The card is only offered to elite individual who possesses excellent credit history The credit limit for these type of cards are high.

Balance Transfer Credit Cards Platinum Cards

When a card holder acquires a platinum credit card, the card user is entitled of low introductory interest rate on balance transfer as well as cash advances. This low interest promo is available for only a few months to a year. After which, the interest rate goes back on its regular rate. Aside from the low interest rate, the credit card has a high credit limit of $100,000 compared to other cards with maximum of $50,000.

Platinum Credit Card Canada.
The credit card holder must be financially stable to pay off any charges and high interest rate. Several of the best Balance Transfer Credit Cards under the platinum cards category are presented below along with their benefits and features.

MBNA Platinum Plus® MasterCard® Credit Card 1.99% for 10 months

Good credit means greater benefits. Aside from low initial annual interest rate, balance transfer and no annual fee is also given. MasterCard offers a high credit to qualified clients for this card. It is available to applicants with good credit history to other credit card company. This Platinum Plus® MasterCard® credit card has a low 1.99% introductory interest rate for 10 months on Balance Transfers and Cheque Cash Advances.

Other features of the card are listed below:

No Annual Fee
Credit limit up to $100,000 and could be higher if you are a good creditor.
Emergency replacement within 48 hours for lost and stolen cards are free of charge.
Online access to your credit card account is available by just logging in the internet with secured login password.
Internationally accepted with millions of locations around the world even in diverse areas
Round-the-clock fraud protection that gives assurance of safety and risk-free for the clients.
Immediate cash access to 430,000 ABMs internationally
24-hour customer service team that is always ready to help.
Emergency services like lost document and ticket replacement, lost luggage assistance, travel accident insurance, auto rental insurance are also available.

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gold credit card canada
- Posted April 03, 2010 by Monty Loree

Gold Credit Card Canada

Gold credit cards are cards that gives the card holder best features and benefits that the card company can offer. These cards have advantage over the classic credit cards because it can give you additional benefits not available with other conventional cards.

These cards require a good or excellent credit history which mean that the person who uses this kind of cards are those people who have been using credit cards in the past and are responsible with their payment and pay off their bills on time. These people are keen and they avoid penalties or charges as they are keeping their credit history status at a good level.

Balance Transfer Credit Cards Gold Cards

These credit cards offer low interest rates on balance transfer transactions. This offer is only available on a certain span of time and depends on the card company if they will give grace period. These cards are better for credit card users who have high balances to settle from another credit card company with high interest rate. Gold Credit Card Canada will give low interest rate on balance transfer.

Some of the best Balance Transfer Credit Cards under the gold cards category.

If you have good credit but not perfect, the Best Capital One credit cards Canada is for you. It has the same features as the Smartlineâ„¢ but with just a little higher interest rate. All the features and benefits are the same but interest rate really matters to credit card holder.

Additional card benefits that the credit card provides the user:

Earn Delta miles on everything you buy with no annual fee!
Get 2,500 bonus Delta miles on your first purchase made within the first three months of account enrolment
Earn 2 Delta miles for every $1 you spend on Delta purchases
Earn 1 Delta mile for every $1 on all other net purchases
Annual interest rate of 19.8%

Additional benefits:

Valuable Gold benefits, including Purchase Assurance and Extended Warranty
Add an authorized user for $0
MasterCard PayPass

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- Posted April 03, 2010 by Monty Loree

Rewards Credit Card Canada

Are you interested in Rewards Credit Card Canada? If you want Rewards Credit Card Canada and haven't decided what card you want to get, the information below will help you decide which card is right for you. If you have more questions, you may send a comment on the blog comments area.

Credit card holders of Rewards Credit Card Canada enjoys the convenience as they used the card credit to pay off their monthly bills or credit balances.They are using the credit card with their transaction as well as collect rewards credit card points. The acquired points can then be redeemed with various rewards that a card company entitles the card user. A common rewards program that is usually given by the card issuers are travel rewards credit cards which permits the card holder to accumulate Miles points or Aero point depending to which the card company is connected with. rewards credit card Canada

In addition, cash backs programs are also available as a rewards program in which certain percentage of the purchases made or the total amount of credit used is returned to the card holder. These cash backs are usually given through a cheque or adding it up to the card holder's account. Other rewards program aside from what is available is used by other card companies or banks. The entire possible rewards program will be presented as you go along with the article.

Travel Credit Cards AirMiles and Aeroplan Points

The Travel rewards credit cards are the type of cards that give AirMiles or Aeroplan points to the card holder for every purchase made using their credit card. They can use these accumulated points to book flight tickets as long as their points have reached the minimum required points equivalent for a particular reward. Other rewards that can be redeemed with the points are hotel reservation, car rentals, financial insurances and many more. It would be best if the card user will check out the card companies website for the list of allowable rewards.

CIBC AerogoldÂ® Visaâ„¢ Card

Travel rewards are the best feature of this card. It gives a lot of benefits for people who loves to travel for leisure or for business purposes. It can also earn points that can be redeemed. Rewards Credit Card Canada also offers points that can be redeemed based on your points earned. The exclusive benefits are listed below: Best Visa Credit Card Canada.

List of CIBC Aerogold Visaâ„¢ Card benefits

15, 000 bonus AeroplanÂ® Miles will be given on the first purchase of the card which is equivalent to one economy class short-haul flight at the ClassicFlightÂ® reward level.
Earn 1 Aeroplan Mile every time a dollar is spent by the card user.
1.5 Aeroplan Miles will be awarded for purchasing gas, groceries and items from the drugstores.
Aeroplan participating partners also give additional points when you use the card at their stores or shops.
Air Canada and Air Canada Jazz including Executive Class/Executive First 1 are given free access for the card users for the available seat only.
CIBC guarantees the client that points earned will not be lost even if the card is inactive for 12 months.

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This credit card is unique in the sense that this allows you to collect many points. These Miles Points would then be redeemed with travel purchases which can be flight tickets. Best Mastercard Credit Cards Canada. This will give the client more purchasing power as they don't need to spend cash but instead utilize the ticket they got from the rewards credit card Canada that the Miles Platinum Plus MasterCard offers. In addition, the rewards can be used for taxes and airport fee charges.

Earning points with SmartLineTM Platinum MasterCardÂ® by:

Enjoy a low, long-term rate of 5.99% on purchases and balance transfers, guaranteed for 3 years (as long as you pay your bills on time)
After 3 years your rate will stay low and become a variable rate of Prime +6.99% on purchases and balance transfers
Annual interest rate for cash advances is 19.8%
No annual fee

Furthermore, the SmartLineâ„¢ Platinum MasterCardÂ® for Canadians is completely different from other reward credit cards Canada.

Delta SkyMilesÂ® World MasterCardÂ®

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This credit card would offer a secure online application which gives the card applicant assured security. This card offers good benefits that are of advantage of the card user. Check out more of this card's benefits.

Delta SkyMilesÂ® Gold MasterCardÂ® benefits:

Earn Delta miles on everything you buy with no annual fee!
Get 2,500 bonus Delta miles on your first purchase made within the first three months of account enrolment
Earn 2 Delta miles for every $1 you spend on Delta purchases
Earn 1 Delta mile for every $1 on all other net purchases
Annual interest rate of 19.8%

BMO Gold AIR MILES MasterCardÂ®

This credit card gives the card user point bonuses. In addition, the card provides discount on flights booked with Air Miles and double up points when doing transaction with Shell Stations and National Car Rental & Alamo Rent A Car. This Gold Credit Card Canada card offers everything that the card company can provide for the card holder to enjoy.

BMO Gold AIR MILES MasterCard additional benefits:

150 bonus reward miles instantly given with your first card purchase.
Exclusive 25% discount on the number of reward miles required for all AIR MILES flights worldwide.
BMO Travel Protection including Collision Damage Waiver coverage for car rentals. Save money for about $29/yr.
1 AIR MILES reward mile for every $15 in card purchases.
Double reward miles at Shell locations in Canada once doing a purchase or avail any services.
Double reward miles at National Car Rental & Alamo Rent A Car locations worldwide.
19.5% interest rate for this credit card.
$99 annual fee is charged by the card company.

MBNA TravelRewards Platinum MasterCard

With MBNA TravelRewards credit card, everything you want and nothing you don't. This is how this card works. It allows its client to enjoy everything they offer. In their rewards program, points are earned in every dollar spent in net retail prices. This is just one of the features of MBNA TravelRewards Platinum MasterCard.

Try to check and evaluate the number of feature the card consist of:

When purchasing, the amount of dollar you spent will also be the number of point you get. In other words, $1 is equals to I TravelRewards point.
When having your first qualifying transaction, 5,000 TravelRewards point will be instantly given on your account.
Anniversary date is always celebrated yearly and its client gets to enjoy a gift of 2,500 bonus points.
Choose from the 75 airlines to which you prefer to use your travel rewards as exchange of your TravelRewards points. No blackouts.
Enchant yourself with the Platinum card benefits that the company offers.
Competitive annual fee of $89 charged but could be waived for being a good credit payer on your balances.
Credit limit reaches up to $100,000 as an allowable credit to be spent and used by the card users.
Fraud protection is present at all times making less hassles and burden on the customers.
24/7 customer service offered through online by logging in to your secure account.
Stolen, lost or damage cards are quickly replaced in just a 48 hour waiting period. Additional cards are allowed and offered by the company for the convenience of the clients.
Immediate cash access of $430,000 ABMs worldwide for this card and is widely recognized and accepted on more than millions of location around the globe.

Cash Back Credit Cards Rewards Points Cards

Cash Back credit cards are those kinds of cards that give back a certain percentage of cash or money to the card holders. The source of the cash back comes from the purchases made with the credit card. Usually these cash backs range from 1% to 3% depending on the bank or card company. These are returned back on the account of the client annually. Some of the card issuer returns the cash back during the month of December or January. Other offers a their cash back returns any time as long as the card holder have accumulated the specified amount of cash back in their accounts.

Spend More Than $2500 / Month - Rewards Cards

MBNA PremierRewardsÂ® Platinum PlusÂ® MasterCardÂ®

A rewards credit card that pays you back with what you have spent for. It allows its customer to make their dollar spent to go as far as possible. This means that this company allows their card holders to enjoy the rewards they have prepared especially to those clients who spent much using their card and accumulate numerous points. It could be then exchange with surprisingly great items or merchandise. It can even become certificate for groceries, gas or for shopping.Check on the features of this rewards credit card and compare to which features and offers you are fascinated on.

Here are its features:

As commonly offered by rewards credit card. This card has No Annual Fee as well.
1% back on all net retail purchases when buying merchandise or any transactions that you have used your rewards card.
There is a yearly automatic rewards crediting in your account once you have availed with their promos especially those that are offered in the company's website.
Regarding with rewards credit cards points in Canada, there is an enticing policy of No spending limits or earning limits. Customers can earn points as much as they can and redeem rewards equivalent to their accumulated points.
There is Exclusive platinum benefits and peace of mind for the card holder that provides less risks and hassle.
Booming credit limit of up to 100,000 is offered by the card issuer giving the customer a wider range to spend on their credits.
Customer service is always present 24/7 for any inquiries or problems that these card holders may encounter when using their credit cards.

Capital One - Aspire CashTM Platinum MasterCardÂ® The more you spend, the more you'll save.
The benefit with the Cash Back card is that you can redeem your points by getting a cheque or a statement credit..

The Aspire CashTM Platinum MasterCardÂ® card lets you collect points as follows:
- Earn cash rewards and pay no annual fee!
- Earn 1% cash rewards on all net purchases
- Get 25% extra cash rewards every year
- No limit to the amount of cash you can earn
- Annual interest rate of Prime +16.8%
This card is best for those who want a cash back reward and not a travel reward or other gifts rewards.

This card has zero annual fee so it's recommended that you meet the minimum amount of spending to make up the cost of the annual fee with points collected.

The Aspire CashTM Platinum MasterCardÂ® card has an interest rate of 16.8% (prime) so it's best that you pay off your balance every month and not pay interest on this card.

MBNA WorldPoints Rewards MasterCard

This Best MBNA Credit Cards Canada has been the most rewarding MasterCard as it gives you instant 1.000 world points as an introductory reward. With that, you can avail right away of its offered rewards even without using or earning points yet with your card. You have just simply got a card and receive a reward in return.This rewards credit card has a lot of features to get to know too.

Here is the list of its card features:
- You easily Earn 1 world point for every dollar you have spent.
- With your first qualifying transaction, you can instantly earn 1,000 bonus WorldPoints.
- Once you reach a certain number of point, you can redeem WorldPoints rewards either of your choice whether spend it for travel or for merchandise or both at the same time.
- Redemption level is at 1,000 WorldPoints which mean that the moment you got the card with the instant 1,000 WorldPoints, you can avail a certain reward equivalent of the points you have
- Annual fee is cheap compared to other rewards cards which are only at $29.
CIBC Dividend CardÂ®

CIBC Dividend card allows their card users to earn up to 1% cash back on the net purchases made with the card. The amount of cash back earned is going to be accumulated and will be added to the best cash back credit card Canada account. Best Cash Back Credit Cards Canada. This will make the card holder get something out of the spending they have made.

Here are the card details of the credit card:
- The card entitles the card holder with a Common Carrier Accident Insurance worth $100, 000.
- The card also provides insurance for the security and extended protection on all purchases you have made with the credit card.
- AVIS car rental discounts of up to 20% is given once you have the card in hand but can be availed only on participating locations.
- Cheques can be made into personalized with CIBC Convenience cheques without extra charges.
TD Rebate Rewards Visa Card

The Rebate Rewards Visa Card is a credit card that doesn't charge an annual fee. It is the cash back credit card that gives you cash back on your daily purchases with your annual rebate. Once you use your no-fee Rebate Rewards Visa Card to have purchases, you'll earn a cash rebate of a certain percentage on the total purchases charged to your card. The more you use your Rebate Rewards Visa Card in your transaction, the greater the money you get back. Watch out for the interest of this card. Pay your bills on or before its due date.

Here are other benefits of the card that is offered:
- 0.5% cash back is given on the first $3000 worth of net annual purchases made with the card.
- Additional 1% cash bank on the net annual purchase above $3000 to a maximum of $25, 000 on the credit card.
- Cash back are credited every January directly into the client's account and statement account would show your total cash back earned.
- Pay on the Visa payWave technology where you can secure and have easy contactless payment system that's faster and more convenient than paying with cash.
- The card issuer uses the Chip Enabled Technology which give each client identical pin for security of their accounts.
For example, if net annual purchases on your cash back credit card total $15,000, you will earn cash reward of $135 ($15 for the first $3,000 in purchases and $120 for the additional $12,000.) You have just earned $135 from using your Card for everyday purchases which could be used for extra other purchases. Think of the amount of money you can save when you use your credit card everyday in every transaction you are dealing with.

BMO Premium CashBack MasterCardÂ®

The best cash back credit cards Canada company gives the card user cash back in all the card purchases made. It includes cash back coming from participating companies like Shell, as well as National Car Rental and Alamo Rent a Car. This gives much savings even though the card has an annual fee of $49. Something to watch out of the credit card is the high interest fee of 19.5% which is not a problem only if the card user will pay the bill on time or before due date is over.

BMO Premium Cashback card details:
- For every purchase made with the card BMO would give 1% cash back.
- In Canada, any Shell Stations would gives out cash back of 3%.
- With National Car Rental and Alamo Rent a Car, 3% cash back is returned when you purchase or avail their services.
- BMO gives Roadside Assistance to the card holders. Here are some of the following services: battery boost, fuel delivery, lockout service and towing.
RBCÂ®Cash Back Visa Card

This card would give you the convenience of not using a card and instead use the RBC Cash Back Visa. They give 1% cash back credit starting from the groceries you have bought, the gas you have filled your tank and a lot more. In every purchase you made with the card, there is corresponding cash back. Using the card and looking at your cash back balance every month makes you overwhelmed on how it adds up.

What do the card offers you with its benefits:
- 5% cash back is earned on groceries purchased. In addition, 5% cash back credit when buying groceries at the participating stores using the credit card until December 31, 2010.
- Earn 1% cash back on all other qualifying transactions made with the card when you make for pre-authorized payments on the Cash Back account.
- When you use your Custom Switch, you are given up to $25 cash back bonus.
- In paying for small purchases, the company gives the Visa pay Wave for client comfort, safety and security.
- No extra cost when you are asking for additional cards for the co-applicants and authorized users.
- You can access cash worldwide of up to $500 or depending on your credit limit.
- Minimum credit limit is high at $1000 compared to other cards.
- The card is widely accepted in over 600, 000 locations in Canada and over 23 million all over the world.
- Travellers cheque is commission-free.
Spend Less Than $2500 / Month - Rewards Cards

Scotia Momentum Visaâ„¢ Card

This credit card allows you to collect a generous cash back percentage for the retail purchases you have made with the card. If you are a big spender, then it won't be a problem because there is no certain limit in the amount of point you can accumulate or collect from all the card transactions made. You can get cash back from gas, groceries and drugstore purchases. Get the full offers of the card so that the annual fee won't bother you which is at $39. Moreover, paying the bills on the specified time or at the end of a month lets you get away from the interest of 19.99% on purchases and 21.99% on cash advances as well as balance transfers

Scotia Momentum Visaâ„¢ Card additional benefits:
- 2% cash back are given to card holders on purchases made either on gas, groceries or in a drugstore. It also includes recurring payments.
- 1% cash back on all eligible purchases with Momentum Visa card.
- Credit limit is at $500 which is higher compared to other credit cards.
- Save 20% discount to any AVIS Car Rental service you have purchase but allowed only to the participating locations.
- Electronic banking is available to check your account information, bill payments and mini-statements.
Cash Back Platinum MasterCardÂ® with No Hassle Rewardsâ„¢

The clients who are suitable for this card are those individuals who spend money and just want to gain the cash back or rebate. They are the persons who spend for small quantities of merchandise but get much of the benefits of the credit card.

Here's what you get with this card:
- 0.5% cash back annually on total purchases up to $3,000 are given back to the card user.
- Additional 1% cash back annually on total purchases above $3,000 is also returned.
- This card doesn't have any annual fee charge.
- When redeeming your cash by cheque or get a credit on your statement you can request for it online.
- Earning or savings you gain with this card has no limit or capacity.
  
  Chase Freedom Visa $50 Bonus Cash Back
  
  Chase Freedom rewards credit Card Canada has a lot of rewards to offer. It starts off with the cash back of $50 during the first purchase made with the card. Moreover, a 0% introductory APR is also given along with the no annual fee policy. This is one of the best cards that you can pick. Check out more of its benefits and features below.
  
  Chase Freedom Visa offers more than what is mentioned above:
  - 5% cash back offers is returned to the card holder when purchasing gas, home improvement and department stores.
  - Get additional 20% cash back when buying with the specific merchant online using the Chase credit card.
  - 1% cash back for all the credit spent no spending tiers or caps on how much you can earn.
  - $50 bonus cash back during the card first purchase.
  - No annual fee as well as introductory APR.
  See Also
  
  Best Credit Cards in Canada
  
  Cash Back MasterCard Credit Card Canada
  
  Cash Back Visa Credit Card Canada
  
  Rewards Credit Card Canada
  
  Best Low Interest Credit Cards Canada
  
  Best MBNA Credit Cards Canada
  
  Best Secured Credit Cards Canada
  
  References
  
  Platinum Credit Cards Canada
  
  Gold Credit Cards Canada
  
  Extra Credit Cards
  
  Reward Credit Cards
  
  Canadian-Money-Advisor Reward Cards
  
  External Links
  
  Rewards Program Canada
  
  Canadian Credit Cards
  
  FCAC - Best Credit Cards in Canada
  
  Travel Credit Cards
  
  REWARDS CREDIT CARDS CANADA

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best travel rewards credit card canada
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Best Travel Rewards Credit Card Canada

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credit card comparison canada
- Posted April 03, 2010 by Monty Loree

Credit Card Comparison Canada

Interested in Credit Card Comparison in Canada? This article will give you advice and information to help you. Have more questions? Please join in the blog comments conversation below. CCHelper will be able to help you out.

The purpose of Best Low Interest Credit Cards is for people with good to excellent credit and with bad credit. These credit cards have low interest rates and suitable for those card holders who wish to use some credit even if they can't fully pay off the total amount each month. These cards are from different card issuers and offer low interest rates. Each credit card has low interest rate. Compare and check the feature of the card, most especially on the benefits.Credit cards Canada offers the best low interest rate.

Good Credit - Low Interest Credit Cards

The best low interest credit cards Canada are beneficial to card users using the credits available to the card for purchasing or doing transactions with the cards. In case of financial problems, the user cannot pay the monthly due, the card holder will be charged with minimal interest of 5.99%. Some card companies offered interest rate of 9.99% and some ranges from 11.99% to 14.99%.

However, even if these interest rates differ in values, it is still low compared to other cards that doesn't offer low interest like cash back credit cards or rewards credit cards. It is still advantageous to the part of the card user because the interest rate is low and paying off on the next billing date is possible.

There are different types of best low interest credit cards Canada from different card issuers will be presented. Check out the unique characteristic of each card.

This best low interest credit cards Canada has a fixed annual interest rate of 9.99%. The required credit history for this card is at a good level. If credit card applicants haven't made an excellent credit history, they could resort to this card. Soon, if they have gained excellent credit history then, they can be qualified to get a higher credit card with maximum benefits.

Here are some features of the credit card:

No Annual Fee for the card holder.
9.99% Annual Interest Rate on Purchases and Cash Advances are offered and is considered a fair rate for the client.
Round-the-clock fraud protection that gives assurance, safety and risk-free for the clients.
Online access to your credit card account is available by just logging in the internet with secured login password.
24-hour Customer service that is always ready to help.
Immediate cash access to 430,000 ATMs internationally
Emergency services like lost document and ticket replacement, lost luggage assistance, travel accident insurance, auto rental insurance are also available.

See Also

Balance Transfer Credit Card Canada

Best Low Interest Credit Cards Canada

Best Capital One Credit Cards Canada

Best MasterCard Credit Cards Canada

Best Visa Credit Card Canada

Best Cash Back Credit Cards Canada

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

MBNA Credit Cards

Credit Card Reviews

CREDIT CARD COMPARISON CANADA

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credit card offers canada
- Posted April 03, 2010 by Monty Loree

Credit Card Offers in Canada

Interested in Credit Card Offers in Canada? This article offers plenty of good information that will help you make the right decision..!! Have any questions after reading this article? Please join in the discussion below in the comments section.. Thanks

The credit cards in Canada has different features.. These cards came from different credit card issuers either from a card company or from a bank. Credit cards have been present for a long time already and have been used by many clients for their business and personal transactions. They have also been improvements on credit card benefits and features provided by the card issuers.

There are many types of credit cards found in the market. These cards may belong to the 0% introductory rate cards where there is a certain period in which the credit card offers a low interest rate in Canada. Usually, the offer lasts from 6 month to 3 years. Another kind of card is low interest which is suitable for credit users who uses the credit balance of the credit card for purchase or deals.

The other Canadian credit cards offer gas rewards, travel rewards, hotel rewards, airline rewards, cash back, low balance transfer rates and no annual fee cards.

These cards are presented to interested applicants and to other card searchers in choosing the best credit card that suits everyone's needs.

Credit Cards - 0% introductory Interest Rate

Chase Freedom Visa

This credit card has many rewards such as the cash back when the card is used on any purchases. It has 0% introductory APR and no annual fee for Chase Freedom Visa user. Check out the additional benefits offered:

Chase Freedom Visa credit card offers Canada more benefits:

0% Intro APR and No Annual Fee
5% cash back credit card like gas, home improvement and department stores when using the credit card.
Full 1% Cash Back on everything else with no spending tiers on how much you will get from cash back.
Your cash back rewards has no expiration.

Citi® Platinum Select® MasterCard®

The Citi® Platinum Select® Card is one of the best balance transfer and low purchase APR credit cards offered in the market. This is the best card when it comes to balance transfers. It is one of the lowest regular APRs This card also gives you an 18 months balance transfer high-interest balance. Zero liability on unauthorized purchases and online account management features. In addition to the 0% APR on balance transfers and purchases for the first 18 months, you can also enjoy the benefits of no annual fee.

Balance Transfer Credit Card Canada

Best Low Interest Credit Cards Canada

Best Capital One Credit Cards Canada

Best MasterCard Credit Cards Canada

Best Visa Credit Card Canada

Best CashBack Credit Cards Canada

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

MBNA Credit Cards

Credit Card Reviews

CREDIT CARD OFFERS IN CANADA

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credit card application canada
- Posted April 03, 2010 by Monty Loree

Credit Card Application in Canada

All-Purpose Credit Cards
Are you interested in Credit Card Application in Canada? This article is full of great information that will help you. Still have questions? Please join the conversation below in the comment section. CCHelper will be able to help you.

The plastic credit card has magnetic strip for identification and verification are carried by many people. They are using these credit cards as their source of cash in doing transactions.

Card holders from an authorized bank or card company allows their client to use their card to purchase goods and get other services up to the credit limit the card is untitled with. The banks or card companies pays off the credit used by the card holder to the vendors. Credit Card Application Canada. The bank or card issuing company then bills the card user after using the credit balance of the card along with the interest and other charges. The unpaid portion of the balance is charged with interest which is directly added to the next billing statement.

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In today's business, people do most of their transactions utilizing computers such as ATM machines or Card Readers where credit cards are read and processed to make a transaction. It is practical to have a credit card in your wallet or purse all the time. Sometimes when you are out of cash, a credit card can be used to pay for the bills. In addition, it provides points to earn for travel rewards and promos offered. Redeeming point from travel rewards is possible once you have acquired enough points by using of credit cards in any business transactions.

Therefore, getting a credit card these days is valuable, convenient and advantageous for anyone. But, how does one apply for a credit card? Obviously, the user must first go through the process of credit card application in Canada.

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Online Credit Card Application in Canada

Canadian Credit card application can now be done online by visiting the bank or card company's website. It is more convenient now to apply for the credit card compared before. Client applying for a credit card can now compare and evaluate which cards are best for them. The websites of this card issuer gives complete explanation of the features and benefits of their cards as well as the rewards or promos they offer. In addition, with their website, the client can just check whether the credit card application he/she has submitted is approved or not. Clients are emailed rather than wait for the mail to arrive.

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References

Apply For CreditCards In Canada

How Stuff Works - CreditCards Application

Instant Credit Card Approval

External Links

Good-Excellent CreditCards

How to Apply for a Credit Card?

Credit Card Application Center

CREDIT CARD APPLICATION CANADA

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apply for credit card in canada
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Apply for Credit Card in Canada

General Credit Card

Want to apply for credit card in Canada? This article has some good information on credit card applications adn more... Question? Please join the discussion below...

These days, where most of our transactions are run and governed by computers, it is always handy to have a credit card within your reach. At times where you run out of cash, a credit card is always there to be used. Also, in wanting to earn travel rewards, cash back and all the other freebies, these can be made possible if one acquires points through the use of credit cards. Hence, having a credit card can be a major convenience and advantage to each individual. So then, how does one acquire a credit card? Of course, the user must first go through the application process.

Online Application

Every individual now wants to have a credit card of their own because it serves a lot of purpose and it provides comfort to the user. With the increase of card issuers in the market today, credit card applicants now can apply for their card of choice in a more convenient and easy way. This can be easily done through online application. Certain steps must be followed in order to have a successful credit card application. However, once you have successfully applied for a card, it doesn’t necessarily mean that it is already approved. Your application will then be subject to evaluation depending on your credit history and ability to make your payments.

With the availability of the credit card issuers’ websites and once you get connected with the internet for application, people now are much more convinced to get the credit card that they desire. The innovation of online application of credit cards is one of the marketing strategies of credit card companies or banks to attract and invite clients. Furthermore, the prospective clients have the convenience of being able to apply from home or office with their personal computer. With those two vital elements, an individual can apply using the online applications found in the respective websites of the card companies.

Even though the application is easy and quick to complete, the approval of it is the most crucial part. Not all applicants will be approved. Approval is based on the individuals credit history, how long they've been living in the same home or worked at the same job, and what their payment history is like. Clients who do have great credit history or ratings are frequently the ones who will be approved easily and instantly. The credit card companies trust these card applicants as excellent credit card payers.

Offline Application - Visiting the Branch Office

People who want to get a good credit cards and would use the offline application don’t have any much difference. Usually, when doing an offline application, the credit card applicant must visit the office of the credit card issuers such as banks, credit unions, payday loan stores. & retail stores etc. At the store, the customer is given an application form that needs to be filled out with all of their personal information as well as any credit card or loan experience they've had. The applicant can usually call into to speak to the card representative who is responsible to inform the applicant regarding the information about the credit card they have applied for. This information includes the policies and as well as the benefits and features. The company will then inform the client through a phone call or with a postal letter the results of the application. If ever the application is declined, the reason the application is declined is also disclosed. If there is any further questions about why the application is declined, the individual can call the application department and get more details.

Credit Card Telemarketers

Credit Card companies often have telemarketers that will call specially designed lists of individuals to be informed of the availability of these credit cards. These lists are usually obtained from the credit bureaus and are based on credit history, credit scores and other factors. The credit card company is looking for prospects that meet certain requirements.

The agents would then call the prospect at home in order to ask them if they would like to that suits their credit history. Apply For Credit Card in Canada. This is another marketing strategy of the card issuers to convince individuals to get a credit card of their own and makes it easier for them to apply. The agent would then help the prospect fill out the application over the phone. That's a convenient service. The final step would be the time that the applicant has to wait for the result of the card’s approval.

Credit Card Application Process

In the application process for credit cards, there are only three important steps to follow in creating a successful application. The first step is to look for a reliable website that you are confident in giving your personal information. This information includes the name of the applicant, complete mailing address, length of time at your current residence, length of time at your current job, other credit cards and loans that you have and more. In searching for a credible credit card website, you can find some here: Credit Cards in Canada. Take note of the safety of the site features that secures you from any fraud with the SSL technology protection.

Step #1 - Find a Trustworthy Site
When you have found a trustworthy website, this is the time to check out the credit cards that are offered by the company. It is advisable to verify if the website offers all of the major credit cards available.

Step #2 - Find the right credit card
The second step is browsing on the different types of credit cards . You would want to check the individual benefits and features of each card and weigh out which is providing more advantage and savings for the client. Apply For Credit Card in Canada

Many of these offers include low interest percent APR’s, low fixed interest rates, cash back, zero liability in unauthorized purchases, no annual fees, low interest rate for balance transfers, and lot more offers. You must be knowledgeable of the various promotions that are offered and evaluate if they are short term, or if they are continuous. Be aware that the low interest credit cards may not be the best offer as the rate may only last for 6 months. After that the rate will return to its regular APR which is usually much higher.

Step #3 - Fill in the application form
The last step for the online application is where you will give all the information that the card company have asked for. All you need is to provide the factual information needed for the online application form. The card issuers will ask for your name, your address, your income, your employment and business, your credit rating, whether you have been bankrupt and a lot of others. Once you have completed the application, all you have to do is to submit the application, which is done automatically on the website. After which, you will then need to wait for the reply.

Offline Credit Card Applications

The difference in doing an offline application is that you will not go through the card issuers’ website but instead visit their offices or retail store personally. You would then be given an "paper" application form which asks the same information mentioned above. Once you've filled out the application and given it to the clerk, you would then be notified notified by mail or a phone call the result of the application. You will be notified if the application was approved or denied and the credit issuer give you the specific reasons why you didn’t get the card in the case of a denial. You can also call the credit card issuer and ask them specifically why your application was declined. They will be more than pleased to discuss the application with you.

Application Processing Time Period

Credit card companies or banks issuing cards have different processing periods after the card applicant has successfully passed an application either through the company’s website or going personally to the card company’s office. One of the basis for the application processing time is the type of card you are trying to apply for. If the credit card is a guaranteed 100% approval, then it will just take hours for the approval. However, the plastic card will not be released until 1 to 2 days. If you are applying for rewards cards, this usually takes 3 to 5 days for approval as the company would check and verify your information and requirements if it is true and reliable. If you are aiming for an exclusive card like platinum or gold credit cards, the average of approval will take at least 10 days because the card issuer would make sure that you are financially stable to pay any amount of credits billed every month. The company would also check your credit history and your credit card experience in the past. They would even evaluate all your information to the point of visiting you at your work place or your house to check how factual is the data you have entered on their application form.

After the processing time period, the client will then be informed of the result of their application. They will be given the policies and regulations of the card company. Then plastic card will be delivered or mailed to the client’s mailing address. The credit card must then be activated once you have first used it or other cards need to be activated by the card company through their system.

Approved Credit Card Application

When a credit card application has been approved, the card company will notify the client. Along with these notifications are the policies of how the card issuer gives the interest charges as well as the how they collect the monthly fees. Moreover, the card company will give all the information needed by the card holder of the features and benefits that the client is entitled either through email, text messages or mailed letters. Once you got the credit card, it is ready for use. You can start to use the credit if the card carries a balance or get rewards points if you applied for a rewards cards. However, you are also prone to the penalties and charges if you have gone beyond the rules and regulations stipulated in the contract as agreed between you and the company.

In addition, the card holder can now start to build a credit history if the client doesn’t have one. Or in the case where the user has an existing credit history, he can continue to build o rebuild it. This credit history would be a key element for a card applicant trying to apply for better or exclusive cards. Card issuers are particular of the credit history of those credit card applicants because it is a basis of the trust that the client is less of a risk in terms of paying their balances.

Not Approved Credit Card Application

An individual is not always guaranteed to be approved each and every time they apply for a credit card. This is because the individual may have some characteristics that are not acceptable making them a higher risk than the issuer will accept. Usually credit history or rating is an important basis. Bad record of credit card usage is another reason for disapproval. When a client gets disapproved from a card company, it doesn’t mean that you are not capable of using a credit card but it could also be that your requirements just won’t fit the card you are applying for. There are secured credit cards that have guaranteed approval even if you have the worst card history in the past. It has a certain degree of basis for a specific card application. The more the credit card you’re applying for is having a high value, the more the application requirement is hard and strict to comply.

However, when a credit card company disapproves your card application, they don’t just dump you right at the moment but explain the reason of not having the card and granting approval. There will be detailed information of what made you fail to get the card. The card company then will offer a different card which suits your credit history as well as the information you have provided. Once you apply for the cards offered by the company after being disapproved, you will mot definitely be able to get that credit card.

What really matters in Apply For Credit Card in Canada is your financial stability, your ability to pay, you ways in using the card and the reliability of the information you have supplied for the application. With all of these, there is no reason that a card company will deny your application and instead, offer you the finest cards they have and provide you the maximum features and benefits.

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- Posted April 03, 2010 by Monty Loree

Best Credit Cards in Canada

Overview

What is the best credit card in Canada?

When credit cards were first introduced, there were very few benefits that card holders could enjoy. The novelty of a credit card is that it allows you to spend money that you do not have and the convenience of not having to carry cash to make any purchase. You can pay the amount in full on your due date for payment so you won't have to pay any interest or you can pay in installment.

As charge card became more popular and credit card companies became more abundant, more and more benefits were offered to the consumer. At the same time, consumers became more knowledgeable about credit cards and started demanding more based on their usage.

As the number of credit cards increase and the benefits they offer, customers can now make a choice as to which is the best credit card that suits their spending habits and credit types.

If you have good credit and carry a balance each month, then the best credit card for you is a low interest credit card. If you have good credit, but do not carry a balance, then the best credit card for you are the rewards type credit cards. For those with bad credit or new credit and carry a balance then the best credit card in Canada for you is a low interest secured credit card. But if you have bad credit and do not carry a balance then a guaranteed card with points is the best for you.

Good Credit - Carry A Balance

Low Interest Rate

If you regularly carry a balance on your card, then it is better if you use a low interest credit card. This is a card that gives you lower interest rate than other card based on your credit history. You do not typically receive plenty of other perks with this type of card, and the main benefit is that you will save money as long as you have an outstanding balance.

The credit card interest rate is always an important factor when choosing a card. However, it is not the only thing that contributes to how much you pay every end of a month. Interest rate and interest charge are not the same. Interest rate is the percentage of balance on the credit card used in which the interest charge is based on the payments made. Interest charge is the amount of money you are going to pay for the interest based on the interest rate.

For example:

When a credit card has a balance of $2000 in the account, this is multiplied with the interest rate set for the credit card which is usually ranging from 15% to 18% percent depending on the card company.

Illustration:

credit balance X interest rate = total interest charge per year

$2000 X 15% or 0.15 = $300

So, the total interest charge that you are going to pay is $300.

There are three ways to determine the interest charges for credit card usesr. The card company must stipulate the charges as well as the terms and conditions of the credit card they are going to issue. The monthly interest rate is determined by the credit card company.

Adjusted Balance

- This starts from the balance you have from the previous month's card usage. The card company adds all the charges for that month and deducts any payments you made. The company then computes the adjusted balance. The adjusted balance is multiplied by the interest rate. But the annual interest rate is divided by 12 months in order to get the interest charge every month. This will then reflect on your billing statement. This type of computation favors the credit card user.

Average Daily Balance

- In this case, the company is keeping track of your everyday credit balance. The company adds charges and subtracts payments made by the card user. This is the usual way of card companies in computing for interest charges. At the end of a month, all the charges and payment made daily are averaged to arrived at an amount where the interest charge is based for computation.

For example:
During the first 20 days, the client's balance is $150 and on the 21st day, the card holder used the card to buy a mobile phone for $300. This will then be computed to get the average daily balance. So, (20 days X $150) + (10 days X $300) divided by the total number of days in a month which is 30 days. The average daily balance is $200.

Previous Balance

If the adjusted balance method favors the card user, the previous balance method favors the card company. Then again, this method is the simplest way and easily understood by the card holders. In computing for the charge interest, it starts with your balance in a month. For example, you have a balance of $300 at the start of the month and you paid $100 during the month, the company will be using the balance at the start of the month which is $300. The following month, the company will charge interest on the starting balance less the payment which is $200 even if your bill has reached $500 on that month.

Learning the different methods on how interest charges are computed will help the credit card applicants to choose the card that is best for them. This will also be a guide for the card holders to pay on time to avoid these unnecessary expenses.

Good Credit - Does Not Carry A Balance

Rewards Cards

These type of credit cards are cards that give points which is redeemable for rewards. Most of these cards are give points based on the usage. Usually, every dollar spent has an equivalent point from the card company or from their tied up shops or merchandisers. They also give double points when they are celebrating anniversaries or special events and also when using the card to a sponsoring company.

These cards offer rewards, gifts and surprises. Card users that use these kinds of credit cards want to have convenience especially when they are to settle the payments of every month. Once they have paid their balances, they will enjoy more rewards based on the amount they spent with their cards. They can collect points and redeem rewards as much as they want depending on the amount of accumulated points the card users have gained and collected.

However, these cards come with an annual fee depending on the company. Occasionally, companies waive annual fees but this is done when the card holder pays off the balance regularly every end of the month.

New Credit / Bad Credit

For a card applicant who does not have a credit history, these cards are available. These cards are used to build up a credit history in order for them to be qualified to apply for conventional cards or special kind of cards. Credit cards under this category are also for those card holders who encountered problems in the past with their finances.

This is caused by either not being able to pay their balance or they got bankrupt due to too much credit usage. The credit cards offered in this portion are categorized into three. The categories are: Secured credit cards, Carry a Balance and Don't Carry a Balance.

Secured Card

Credit card companies are catering card applicants who do not have history of using credit cards. Sometimes, these group of individuals have a bad credit history that could also affect their credit rating.

Some does not have any credit history yet as they are first timers in applying for a credit card. These credit cards are the key in building an excellent credit history. These cards also offer less interest which means less risk for the client to be troubled in paying their balances. All of the card applicants are guaranteed to have the card which means that whether you are a first time credit card applicant or not, everything is granted.

Carry A Balance

Credit balance is what comprises the credit card. The card holders can use the balance within the card until reaching the credit limit. But it doesn't stop there since the client can extend the usage of credits beyond the credit limit but certain charges will be given. Low rate cards are offered and this does not let the card users get into trouble. These credit cards are the key in getting a good start of building an excellent credit history again. This cards are for clients who has bad or fair credit as well as new credit card holder who has none or limited credit. In addition, a client who has bad credit history belongs in this category.

Don't Carry a Balance

Coming from the category, it says don't carry a balance. This means that these cards do nt have a credit to use but is based on the monthly payment you are making every month. But the focus of the card holders here is the rewards given. So many different rewards are offered with these cards.

It may be travel, merchandise or gift rewards. Best Credit Cards in Canada. Card holders are considered convenience users as they use the card credit and pay them off each month when their billing statement is received. They spend less but get many rewards points in the process. The acquired points can then be redeemed with rewards. In addition, cash backs are given in certain percentage of the purchases made.

For the perspective of this article, the best credit cards in Canada relate to two categories: Low Interest Credit Cards and Rewards Credit Cards. Good Credit And Bad Credit.

Low Interest Credit Cards

Carry a balance or Not

Typically if you carry a balance, then you will need the lowest interest credit card possible to keep your costs down. You must keep in mind that these interest charges are being added up to your bill and you must settle this every month. The higher balance you are not paying with the company, the bigger the interest rate. That is why credit card users are certain with the interest rate. They go for a card that has very low interest rate to keep them safe from any financial problems in time of paying the bills. Furthermore, when the interest is low, they are not afraid to spend much compared to high interest charging cards which almost doubles your balances during settlements.

Types of Interest Rates

Based on your usage of the credit cards there are various types of interest rates charged.

Interest rates are the card companies source of revenue. There are specific interests that these card companies charge the card users depending on what kind of transactions they are dealing with. Usually, card users are subjected to annual interest rate because this is automatically activated once a card user has started to purchase or use the credits of the card. But it will still depend on the cards you have in hand. For cash back cards, they have a different rate compared to a regular or ordinary conventional card. The interest rate for cash back cards is at 17% based on the average of the different card issuers.

For cards that have high credit limits and have exclusive benefits and features, it is commonly at 22%. For low interest rate credit cards, the card issuer gives the lowest possible interest rate which is at 10%. Other variable cards then have an interest of 14%. Other interest rates are charged only when they have made a certain transaction like balance transfer or cash advance. The average interest rate that the card issuer gives to the client in doing a balance transfer is at 16% where in cash advance service, it is at 17%.

This interest rate is charged and added to the billing statements given after end of a month. Interest rates are one way of the card issuer to remind their card holders that they must pay the amount of credits they have used or settle what is reflected on the account. These interest rates vary in different percentage but card users can surpass this only if they are punctual in paying what they need to pay.

Customers need on to take note of their payables every month and once settled, paid interest charges won't be given or added to their accounts. Another tip for the card holders is that they must not use the card beyond what they can afford to pay. When a client gets into financial trouble, this is the best time for interest rates to barge in to your account building your billing statement very fast to the point that you can no longer pay what is due for payment. Bankruptcy will then set in making everything miserable for the card holder.

Introductory Interest Rates

An introductory rate is an interest rate that is given at the start of the card holder's use of the card. It is only available for a specific span of time. After the time has expired, the interest rate will return to its original rate. Best Credit Cards in Canada. Commonly, the introductory rate ranges from 0% to 4%. This is one way of the card issuers to attract card applicants because this can give much saving for the client when introductory rates are low or at 0% for 4 months up to 12 months. Cardholders can best take advantage of the low introductory rate by paying the credit used before the rate gets back to its usual rate.

Purchase Interest Rates

This interest rate varies depending to what card you have applied for. If you have gotten the low interest rate cards, then the purchase interest rate is low compared to other cards. What differs then are the benefits and features of the cards. For ordinary cards, interest rate plays at around 16% to 19% compared to low interest card which is at 12% to 14%. This purchase interest rate is charged once you have not settled your payable before or on the day of the due date. The interest amount is added directly to your account and when the next billing statement is received, it is reflected on the account.

Balance Transfer Interest Rates

Average balance transfer interest rate is at 16%. This is based on the different rate coming from various card issuers. Client who transfers balance to their other credit cards try to check and compare the rate to where they are able to save more. Best Credit Cards in Canada. Most of them transfer balance from their high interest cards to their low interest cards so that when they are not able to pay the bills on time, they are charged only with low interest rate. But the client settles the payable bills of the high interest credit card on time so that no interest is charged in the account. They just keep on doing balance transfer but the balance goes to the low interest card where that card will be utilized for purchases or other transactions.

Cash Advance Interest Rates

For cash advances, the common interest rate is at 17% after averaging most of the card issue's respective rates. This type of transaction is not too common but is there in case the card holder wants to use the service.

Usually, card users depend on the credits they have used. Cash advance are utilized when the client does transactions that involve cash. Most of the businesses now accept credit cards to where the payment is deducted. Almost all credit cards are accepted to millions of locations around the world. It is then safe to bring only a credit card rather than bringing along cash. The client will also be able to trace out the expenses made because in the billing statement, everything is in detail or itemized on where you have used your credits.

Rewards Cards

We're assuming with this discussion that any person that uses a rewards credit card DOES NOT carry a balance on his/her account.

Dollars spent

If you don't carry a balance on your card then certain cards give more benefits. If you're a higher spender, it is more beneficial to use certain cards, as they have greater benefits and rewards. Every time you spend a dollar, it is equivalent to a point that you can collect. These points can then be redeemed with rewards offered by the card issuer or the companies that they have tied up with. Usually, rewards come in gift certificates, merchandises or the services that their companies offer.

If you are a convenience user of the credit card then this cards give much advantage on you. The client can spend less but gets so many rewards by just collecting points and taking advantage on the offers that the card companies give. Some card issuers give double points offer or bonus points which help the card holder gather much point and redeem it with the rewards.

Travel Rewards Points Discussion

Types of Points Collected

The points that are collected by the card users are usually coming from the purchases they have made. Some comes from the dollars spent in which every dollar is equivalent to a point. Other cards give extra or bonus points when special event happens like anniversaries or other events.

These points are accumulated and would be redeemed or exchanged with rewards that are offered by the company. Travel, hotel reservations, merchandise, insurance and gift certificates are the usual rewards offered.

Annual Fees

This is a fee charged by the company for having their card. This is one of the sources of the card companies revenues and in payment of the service they have provided. Annual fees usually have an average range from 0% to 10% depending on the card company. The card issuers waived the first year of the annual fee but would charge the client of the amount on the succeeding years of card usage.

Annual fees are waived by the cards company even if it's not on the first year once the card holder pays the billing statement given on time. Another way is when the card user most of the time reaches the credit limit of the card and settles the payable before or on the due date of payment. This will give savings to the card user as the annual fee comprises a certain amount.

Insurances Offered

The credit card comes with many benefits and one of it is the insurance that the card gives to the card user. There is a great deal of insurance provided by the card companies but it really depends on the card you have applied for. The card can give accidental insurance, financial insurance, merchandise insurance and a lot more. These are offered as a way of a marketing strategy of the company. This will attract the clients to apply for their cards as the cards have a lot of benefits and features being offered.

References

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Best Secured Credit Cards Canada

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Financial Consumer Agency of Canada

Determining Credit Card Interest Charge

The Bankruptcy of Chrysler Nearby; Fiat Also Visiting With General Motors

I was listening to a commentary on CBC this morning that talked about Chrysler declaring bankrutpcy. They were mentioning that the bankruptcy is almost certain.

What I thought was interesting was this: If Chyrsler declares bankruptcy, then it may shed some light for General Motors as to what they need to do. There are alot of questions right now as to what would happen if the big car company declared bankruptcy. There are really no answers. There is no way to talk about this topic as it's unprecedented.

Sometimes the only way to learn about something is to do it.

If General Motors is closing down plants for 9 weeks, to use up their current supply, that really says what the automobile sales climate is like.

I just purchased a brand new car (Hyundai Accent L), and it was manufactured back in November 2008.. This means that it had been on the lot for six months. At that point, you can see that with inventory stocked up like that the car companies are cash strapped, to say the least.

So.. is bankruptcy looming for Chrysler and General Motors? Probably. I think the public is getting used to the idea. And that will make it easier for the politicians to decide.

There is so much of a glut of cars right now... it just says that there is ample supply available. There isn't room enough for these big car makers.

MediaPostNewsThe United Auto Workers union would end up owning a substantial shareholding in Chrysler LLC Chapter 11 under a bankruptcy protection plan that the automaker is expected to present next week, Jeffrey McCracken and John D. Stoll and Stacy Meichtry report. The deal lets get rid of some liabilities, allowing Fiat to cherry pick the operations you want, if an agreement is forged sources.

For its part, Fiat has begun talks with General Motors about joining forces in Europe and Latin America, say the sources. The Italian company could close the purchase of a stake in GM Opel. But GM did not try to go forward until the plans are settled with Chrysler Fiat. Fiat has said it wants to have an initial 20% stake in Bankrupt Chrysler.

In either case, it would have a major impact on the automobile supply chain of car dealers, parts and others, as well as the worsening economies of the midwestern states.

However, both Fiat car company and the administration say that President Obama could prevent the bankruptcy of Chrysler if an agreement can be reached with the banks in question. "In a huge and complex negotiation like this, everything is speculation and up in the air until there is an agreement," said one administration official.

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How Bernie Madoff did his scandolous deeds - in Jail

It still amazes me to read this story. Thinking of all of the people who were affected by the Madoff Scandal.. When you thinking of companies like general motors and chrysler who are affecting miillions of people. This scandal is small in comparison, however, it still affects a widespread amount of people.

CNN.com The employees were transfixed. Standing in the middle of Manhattan commercial flooring Bernard L. Madoff Investment Securities in late 2007, half a dozen staff members looked at the ceiling-mounted TV and CNBC aired a report on the mysterious death of Palm Beach, a hedge fund manager who was leading a double life. The police, apparently, even considering the possibility that he had been murdered. "Bernie Madoff," someone asked casually Bernard Madoff like to walk, "you've heard of this guy?"

Madoff a look at the screen, bleached, and exploded: "Why the hell would be interested in stuff like that?" The employees retreated. "I never saw him like that before reacting," Madoff said a trader who witnessed the explosion. "It's obviously affected a nerve."
0:00 / 2:48 Minnesota Madoff mess

That loss of control was very out of character for the head. But traders did not know at the time it was extremely Madoff develop a second life is two floors below them, one is to build an epic, and the inevitable explosion. Took a special pass to enter the "back office" in 17, which was making its Madoff $ 65 million Ponzi scheme. And even if a person can go in, there was not much to see: an old IBM computer server maintained in a locked room, the piles of trading states, and a staff of about 20 employees and paper pushers.

In retrospect, of course, there are indications, such as research has found fortune. IBM's server, for example, an AS/400 dating from the 1980s, it was so old that some data had been entered into the hand, but refused to replace Bernard Madoff. The machine - which has been autopsied by the government - is the nerve center of the fraud. The many thousands of pages of statements showed that his trade was never made.

Then it was the man who led the floor, Frank DiPascali, Bernie Madoff deputy chief of staff the 17. He was a veteran of 33 years of the related company, with a heavy accent and a Queens high school, but nobody was quite sure what he did or what his title was. "It was like a ninja," says a former trader at the legitimate operation above. "The whole world knew he was a great thing, but it was like a big shadow."

There are other mysteries, as we shall see. But even after the large detonation of five months in a brilliant fireworks display of betrayal and recrimination, Madoff plan - possibly the biggest investment fraud in the country's history - has remained among the most difficult to penetrate. More commonly, white-collar cases begin with a quiet, behind the scenes of research, followed by a series of transactions with younger employees, who are squeezed by lawyers and prosecutors to cough up details about their superiors. Step by step, prosecutors move up. Finally comes the denouement: the ringmaster hauled to court in securing handcuffs.

But Bernie Madoff all aspects of the traditional narrative that has been reversed. The case began with flabbergasting his confession, which was outside the investigation. Bernie Madoff argued that all crimes committed by himself, but because it covers decades and continents, a cloud of suspicion immediately plunged Bernie Madoff family members who worked at the company, as well as employees and business associates.

Now that the fog may be about to lift. Fortune has learned that Frank DiPascali is trying to negotiate a plea deal with federal prosecutors in which, in exchange for a reduced sentence, disclosed the encyclopaedic knowledge of the plan Madoff. And unlike his boss is willing to DiPascali names.

According to a person familiar with the matter, DiPascali has no evidence that Bernard Madoff other family members were involved in fraud. However, he was prepared to testify that he manipulated false returns on behalf of some major investors Bernard Madoff, including Frank Avellino, who used to run the so-called bottom feeding, Jeffry Picower, whose foundation was closed because of related Bernard Madoff losses, and others. If, for example, one of these clients had large gains in other investments, which would DiPascali, which produce a loss to reduce the tax bill. If true, this would mean that investors knew their statements fish. (Lawyers and Picower Avellino declined to comment. Marc Mukasey, DiPascali counsel, said, "We expect and encourage a thorough investigation.")

The emergence of this potential star witness can be on the case scenarios in their heads: Some people widely assumed by the public which has been implicated in the fraud may not have been, and a small group of investors that Bernard Madoff seemed innocent victims can not have been totally innocent, after all. But then, some things about the life of Bernie Madoff become what they seem.

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Does Not Carry a Balance

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MBNA Platinum Plus® MasterCard® Credit Card – 1.99% for 10 months

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Capital One SmartLine&trade; Platinum MasterCard

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Capital One Low Rate Guaranteed Secured MasterCard®

Citi® Secured MasterCard®

Orchard Bank Secured MasterCard®

CARRY A BALANCE – WITH MAXIMUM BENEFITS

Capital One Guaranteed MasterCard®

DON’T CARRY A BALANCE – REWARDS CARD

Capital One Cash Back Guaranteed MasterCard® for Gas Groceries

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References

External Links

Best Mastercard Credit Cards Canada

Good Credit-Excellent Credit

SEE ALSO

References

External Links

Visa Rewards Credit Cards Canada

Specific Rewards Program in Canada

AeroPlan Rewards

TD Visa Travel Rewards

RBC Rewards

Adventura Rewards

BA Miles Rewards

Scotia Rewards

Capital One SmartLine™ Platinum MasterCard

CIBC Platinum Visa™ Card

CIBC Select Visa™ Card

CIBC Aerogold® Visa™ Card