Compare credit cards from Canada’s top credit card companies. Compare interest rates, annual fees and rewards to determine the credit card that offers you the most value.
Compare Credit Cards
Having a credit card is not only a convenience, its a necessity. The ability to charge your purchases to your credit card allows you to delay your payment by almost a month. Detailed monthly statements allow you to better track and manage your purchases. The rewards offered by many credit cards include free merchandise, travel rewards and cash back. Credit cards are a necessity for renting cars or other equipment, hotel security deposits and many online transactions. Don’t be caught without a credit card in your wallet or purse. Apply today for the credit card option that provides you with the most benefits. Compare credit cards on Rateshowroom to find your ideal match.
Building Your Credit Score
Having a good credit score is essential in qualifying for a car loan and mortgage. Credit scores are primarily based on repayment history and utilization levels. If you’re new to borrowing then make sure you start off with at least 2 credit cards. Credit cards are the ideal way to start building your score. Student credit cards and guaranteed credit cards are easily obtained and are a great way boost your credit score.
Credit Cards Lead to Your First Mortgage
A home-buyer won’t qualify for a mortgage if they don’t have a credit history. Mortgage lenders are typically looking for at least 2 accounts that have been in place for 2 or more years. Credit cards are a great way to set yourself up to qualify for your first mortgage. After creating your accounts make sure to make your minimum payments each month. Even a missed payment of only $10 will have a detrimental effect. It’s also a good idea to keep well below your authorized limit. If you have a credit card with a $2,000 limit then try to keep the outstanding balance well below $1,000. This demonstrates your ability to manage your finances and boosts your credit score. Compare credit cards on rate