Does Cancelling a Credit Card Affect Your Credit Score?
Cancelling a credit card is a decision that many individuals face, often wondering how it may impact their credit score. This is especially true for anyone who has received the welcome bonus and doesn’t want to pay the annual fee again. Closing a credit card can affect your credit score, but it depends on various…
Read MoreAeroplan partners with Chexy to Enhance Rewards for Canadians
Aeroplan has announced a new partnership with Chexy. That means you can now earn Aeroplan points on recurring bills such as rent, utilities, and even tax payments. This is relevant because Chexy helps you accumulate travel rewards on payments that usually wouldn’t earn you anything. With Chexy joining Aeroplan’s roster of partners, such as Starbucks,…
Read MoreCIBC Aeroplan Visa Card Review
The CIBC Aeroplan Visa Card is an underrated since it’s the only Aeroplan card that has no annual. Anyone who wants to save on future travel while keeping their expenses down should consider this card. That said, the earning rate of this card is relatively low, so it may take some time for you to…
Read MoreThe Best Airport Lounge Access Credit Cards in Canada
Airport lounges provide a quiet escape from the hustle and bustle of busy terminals, featuring comfortable seating, and complimentary food and beverages before your flight. While these premium spaces were once available exclusively to business class travellers or those with elite airline status, credit cards have made lounge access available to all travellers. Several Canadian…
Read MoreThe Best Metal Credit Cards in Canada for 2026
Just a few years ago, it was difficult to get a metal credit card in Canada. American Express was the only provider that offered one, and it was only available to their Platinum cardholders. However, in recent years, more metal credit cards have become available. That doesn’t mean having a metal credit card in Canada…
Read MoreWhat is the Minimum Payment on Credit Cards in Canada
If you look at your credit card statement, you’ll notice that there’s a minimum payment required each month. While paying just the minimum may be tempting, paying off your debt may take years while incurring significant interest charges. While you should always strive to pay the entire balance each month, it’s also important to understand…
Read MoreWhat’s the Right Number of Credit Cards
Many people ask me what the right number of credit cards to have is, but there is no universal perfect number. The ideal number varies based on individual financial situations, spending habits, and financial/travel goals. While some may prefer one or two cards, others may benefit from several cards for various purposes, such as earning…
Read MoreAeroplan Family Sharing Explained
Aeroplan Family Sharing is a feature available to Aeroplan members since 2021. The idea is that instead of earning and redeeming points individually, you can do so with family members under the Aeroplan program. The advantage of this perk is that you’ll be able to use points accumulated as a group much quicker. How Aeroplan family…
Read More6 Lesser Known Aeroplan Tips to Maximize Your Travel Rewards
Aeroplan, Air Canada’s loyalty program, is one of my favourites because it offers me value and unique ways to save money on travel. Recently, I booked my family on a quick trip to Vancouver, and I found a great deal on flights when using my points. While frequent flyers are familiar with basic redemption strategies,…
Read MoreDoes Applying for Credit Cards Hurt Your Credit Score
When used responsibly, credit cards can enhance your credit score over time. Responsible usage includes paying off your balance on time, keeping your credit utilization low, and maintaining a healthy mix of credit types. However, many people wonder if applying for a credit card hurts your credit score. While it’s true that a new application…
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