Tag

credit card
Two credit cards are better than one The other day a reader wrote in and asked “is it bad for my credit rating to have an inactive credit card?  I prefer to only use one and use the back up card only if I misplace the one I regularly use”. I replied “Good question. It’s...
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Use credit cards like debit cards with benefits Only use your credit card when you know you can pay the balance in full as soon as you are required to do so. If collecting Air Miles or cash dividends or travel rewards is your thing – for sure – charge your daily spending to that...
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Keeping Credit Cards With a Consumer Proposal? Hi Ross, I have gotten myself into a pickle. I owe $60,000 on my personal line of credit and two credit cards. I cannot repay this in my lifetime or the next. But I still have two more credit cards with available credit of $40,000. Someone told me...
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Yesterday the always excellent and prolific Rob Carrick wrote Students show their smarts about credit cards for The Globe and Mail. Rob also has a wildly popular Facebook page – over 17,500 subscribers, and is ‘religious’ about posting fresh material on different aspects of personal finance every business day. His posts usually foster discussion and...
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Sometimes the only way to get your credit history kick started is to put up a security deposit with a card issuer, and then begin to use their card. It’s like a rental security deposit – you get your money back at the end. But at the end of what? A few recent client experiences...
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