low interest credit cards canada

Low Interest Credit Cards Canada - Talk about Low Interest Credit Cards Canada - Canada

a good place to talk about links

RE: Low Interest Credit Cards Canada

Postby reemaz21 » Sun May 04, 2014 10:55:34 PM

Sometime it is depend on the companies :)
Apply for payday loans, short term loans and alternative loans through Mapleloans in BC.
reemaz21
Member
Posts: 1
Joined: Sun May 04, 2014 10:24:57 PM
Province: BC


RE: Low Interest Credit Cards Canada

Postby AlysaLee » Fri Sep 02, 2011 01:17:31 AM

Some credit card providers and lenders charge as a very high rate of interest on your balance and it can be difficult to dig your way out of debt quickly if you are in this situation. However, there are numerous banks offering low interest credit cards and you should consider switching your balance to one of these if you want to stop your balance from ballooning.
Alysa Lee
AlysaLee
Member
Posts: 67
Joined: Wed Aug 10, 2011 11:27:50 PM
Province: ON


RE: Low Interest Credit Cards Canada

Postby montyloree » Sun Jul 10, 2011 06:41:53 AM

hey moneymachinecoach...

what good advice do you have for low interest credit cards, as this is the subject of this thread...

montyloree
Moderator
Posts: 3772
Joined: Sat Jul 16, 2005 10:52:47 AM
Province: SK


RE: Low Interest Credit Cards Canada

Postby calgaryAB » Thu Jun 09, 2011 02:49:16 AM

the problem i see with low interest credit cards is that you need really good credit to have one...if you don't have good credit, they it could take you a few years for your credit to get back up there, before you get one.
You need alot of credit to live in Calgary Alberta Canada
calgaryAB
Member
Posts: 5
Joined: Fri Dec 31, 2010 07:23:27 AM
Province: AB


RE: Low Interest Credit Cards Canada

Postby bobzeenie » Sat Jun 04, 2011 03:32:45 PM

Plain and simple... low interest credit cards need to be a tool to help you save money on existing credit card debt. I wouldn't use it as a line of credit, or a way to borrow money for cheap ...

I would use a low interest credit card to pay down existing credit cards and save money... used the saved money to pay down principal on the card.

If you don't have one, you should apply for one day.. keeping in mind that it takes good credit to get one...

These are premium credit score credit cards.
bobzeenie
Member
Posts: 7
Joined: Sat Feb 18, 2006 09:31:17 AM
Province:


RE: Low Interest Credit Cards Canada

Postby jonathanpaul » Tue Jun 29, 2010 08:57:36 AM

hi..

thats true! interest is one of the sources for saving money.. if you are just conscious of your payables every month then interest wont really hurt you..

but if you don't mind due date and leave interest to be charged montly, you will never no that when you reach a certain point that you bill has doubled due to unpaid balances plus the interest..

interest will really hurt your financial stability or worst can cause you bankruptcy..

check out many low interest credit cards as different card issuers are offering it.. be mindful of the interest rate and what benefits come with it..
jonathanpaul
Moderator
Posts: 350
Joined: Tue Jun 29, 2010 08:08:20 AM
Province: SK


RE: Low Interest Credit Cards Canada

Postby CreditYaYa » Tue Jun 29, 2010 06:14:44 AM

i never thought about this topic before. I guess I've just been a conventional credit card user over the years. Sometimes I pay off my balance sometimes I don't. I don't pay a lot of interest, but I've never thought of asking the credit card company to lower my interest rate or get a brand-new card low interest.

I guess I should start studying into this topic because I want to save money. I believe in using a credit card for the convenience of it. I use a credit card all the time. I'd rather do that than take cash with me, to be honest cash scares me. At least the credit card companies insure your purchases or theft. But with cash there's no insurance. If you lose your money it's gone.

I think what I'm going to do is start charting how much I spend on interest and see if it's worth it at all to get a lower interest rate card. Over the last 12 months have probably spent a few hundred dollars on interest. But when you look at it, but few hundred dollars could have bought me a new barbecue, or the new food processor that I just bought.
Searching for a better way
CreditYaYa
Member
Posts: 7
Joined: Tue Jun 29, 2010 06:06:13 AM
Province: MB


RE: Low Interest Credit Cards Canada

Postby montyloree » Thu Jun 03, 2010 06:22:02 AM

Hi RichelleM

The thing with travel rewards is that they're more for people who don't carry a balance on their credit cards. The only reason you want to have a low interest credit card is if you carry a balance. And yes.. the better the credit you've got the better the interest rate you'll get. It's best to check your credit score if you're applying for a low interest credit card. That will give you some idea of the types of rates you can get.

Which types of questions did you have about rewards cards? We can discuss those over here: /threadview/3152.html

montyloree
Moderator
Posts: 3772
Joined: Sat Jul 16, 2005 10:52:47 AM
Province: SK


RE: Low Interest Credit Cards Canada

Postby RichelleM » Wed Jun 02, 2010 09:37:47 PM

I found this post very informative. I learned different and helpful things with regard to the low interest credits cards Canada. It is really true that a person needs to have good credit to get the lowest interest rates possible. I am also concerned about the best travel rewards Canada. Can I have more details about these? Thanks!
RichelleM
Member
Posts: 32
Joined: Mon May 31, 2010 11:28:36 PM
Province: ON


RE: Low Interest Credit Cards Canada

Postby montyloree » Mon May 03, 2010 03:09:22 PM

This applies to all banks and credit card issuers.. As far as banks offering high interest rates, they are offered on most other cards... especially rewards cards.

A person needs to have good credit to get the lowest interest rates possible.
montyloree
Moderator
Posts: 3772
Joined: Sat Jul 16, 2005 10:52:47 AM
Province: SK


,

Return to Low Interest Credit Cards Canada - Discussion Area