Scotiabank momentum visa review

Talk to any person with knowledge about Canadian credit cards and they’ll tell you that the Scotia Momentum Visa Infinite card is the best cash back credit cards in Canada. What makes this card so popular is the fact that the rewards are simple, easy to earn, and even easier to redeem which makes it…

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What Happens if I Don’t use my Credit Card

With increased debt loads across the country, many Canadians, including millennials, have decided to start using cash and debit more. But that brings up an interesting question. What happens if I don’t use my credit card? It really depends on our individual situation. In theory, we’ll spend less since research has found we spend less…

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credit mistakes

When we talk about credit mistakes, we tend to think about the obvious mistakes such as carrying a balance, or not paying our bills on time. Mistakes happen to all of us, including those of us who’re normally responsible with credit. It’s unlikely we’re all of a sudden going to forget to pay our bills. There…

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Why I love credit card rewards programs

I have a confession, I absolutely love credit card rewards programs. What started as a way to get a free hotel room has become what sometimes feels like an obsession. Whenever I charge something to my card, I think of it as one step closer to a free trip. It appears I’m not alone as…

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beware of credit card scams

Credit card scams have become a real issue as of late. I guess when major companies like Home Depot and Target have major data breaches which affects more than 50 million cardholders, we start to take fraud and identity theft seriously. Some of us have already been overtaken by fear and have switched to cash only payments. Okay, so…

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How to build a good credit score

I write about debt a lot. It’s not that I particularly enjoy writing about debt, it’s unfortunately just a subject that many people can relate to– Canadians have record debt levels after all. We get so focused on debt, that sometimes we forget about other things, such as having a good credit score. Credit is probably…

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There are many debt repayment options

The stress of owing money can keep anyone up at night, fortunately, there are different debt repayment options that can help you pay down your debts faster than you might think. A young professional, in theory, should have an easier time paying off student loans, and credit card debt. However, someone who has abused credit…

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Do you use cash or credit when shopping?

Cash or credit, it’s the endless debate. Some of us prefer the convenience of credit, but if we’re not careful, we could end up with a ton of debt. On the other hand, cash can help keep our spending under control, but we lose out on the benefits that credit offers. Personally, I prefer to use credits cards…

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