Topic
Credit Cards
Interest, minimum payments, utilization, rewards and balance transfers, explained with Canadian examples.
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Bank of Canada Raises Rates to 2.5%: What It Means for Your Credit Cards, Debt and Credit Score
The Bank of Canada raised rates to 2.5% on October 28, 2026. Here’s what the hike changes for your credit cards, lines…
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How Many Credit Cards Should You Have in Canada?
One card, three or ten? Here’s how the number of credit cards you hold affects your credit score, fees and habits in…
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Credit Card Cash Advances in Canada: Fees, Interest and What Counts
A credit card cash advance in Canada means fees, higher interest and no grace period. See what counts as a cash advance,…
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Does Closing a Credit Card Hurt Your Credit Score in Canada?
Closing a credit card can raise your utilization and lower your score. See a worked example, how long closed cards stay on…
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Credit Utilization in Canada: How the 30% Rule Works
Credit utilization is one of the fastest ways to move your score. Here’s how it’s calculated, why 30% matters and six ways…
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Credit Card Minimum Payments in Canada: What They Really Cost
Paying only the minimum on $3,000 at 20.99% can take over 18 years. Here’s how minimum payments work in Canada and how…