Credit score

Understanding Credit and Credit Cards as a Student

Understanding Credit and Credit Cards as a Student

*This is a sponsored post written by me on behalf of RBC. All opinions are my own. The financial literacy gap is widening between high school and post-secondary students – but not in the direction you might think. According to a new poll from RBC, 82% of high school students knew that paying the minimum…

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When you apply for a credit card you take a hit on your credit score.

Does Applying for a Credit Card Affect Your Credit Score?

Does applying for a credit card affect your credit score? The short answer is yes, but if you have a decent credit score, it really won’t matter. To be perfectly blunt, if you have a good to excellent credit score, applying for additional credit cards shouldn’t be a major concern. For reference, I average six…

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Should you get a Credit Limit Increase?

I don’t know about you, but it seems like I can’t go a week without someone asking me if I want a credit limit increase. Every time I use an ATM or go into a bank branch, I get asked if I want to take advantage of my pre-approved credit limit increase. When I’m doing…

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How to Improve Your Credit Score

How to improve your credit score is one of the most common questions Canadians ask when it comes to their personal finances. Unlike your budget and spending, you have no real control over your credit score. Yes, there are various things that you can do that will increase or decrease your credit score, but since…

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Best prepaid credit cards in Canada

The Best Prepaid Credit Cards in Canada

Deciding on the best prepaid credit cards in Canada is pretty subjective. Some people are looking for a prepaid credit card because they want to increase their credit score while others prefer a hybrid card that allows you to preload funds and get rewards while using a credit card network. Prepaid credit cards don’t give…

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How do Supplementary Credit Cards Work?

Have you ever wondered how do supplementary credit cards work? Whenever you sign up for a new credit card, you’re always asked if you want to add a supplementary card or an authorized user credit card. Saying yes can be a great way for families to manage their finances, but are there any risks involved…

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How many credit cards should I have

How Many Credit Cards Should I Have?

How many credit cards should I have is a question many people ask. Some people ask this when they have just one card while others wonder the same thing when they already hold multiple cards.  There’s technically no wrong answer if you use your credit cards responsibly. However, if you apply for too many cards,…

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KOHO Credit Building Review

I love KOHO. It’s easily the best prepaid credit card in Canada, but one major thing working against it is the fact that you don’t build any credit while using the card. Well, that’s no longer an issue since KOHO recently introduced a credit building feature. To be clear, the credit building feature is optional.…

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The Best Credit Cards for Bad Credit

You may have heard that having a good credit score is something you should strive for, but what does that mean? Well, our credit score is a number between 300 and 900, the higher the number, the better our credit score is. This is important since we require a high credit score if we ever…

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How to Build Credit as A new Immigrant

How to Build Credit as A new Immigrant

If you recently arrived in Canada, you’re likely wondering how to build credit as a new immigrant? The process of building a credit history and credit score in Canada is easy. However, depending on your circumstances, getting a good credit score may take some time. Regardless of your situation, building your credit score in Canada…

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