CreditCardReview.ca Launches a New Credit Card Guide to Save Big and Stay Debt-free

CreditCardReview.ca offers a new credit card section to help visitors to maximize rewards and earn free money.

(PRWEB) December 11, 2013

The new rewards credit card guide (http://www.creditcardreview.ca/creditcard-1-2-2-2-2-2-2-2/) went live today to present in-depth reviews of popular cards and rewards programs offered by Canadian banks.    

The guide was created by the content development team at CreditCardReview.ca and offers comparisons of rewards credit cards. Developed in response to visitors’ requests, the guide shows customers that using a credit card can result in substantial savings. Holders earn bonus points on various categories of purchases, including gas, restaurant meals, and others.
“We believe that we created the most comprehensive Canadian rewards credit card guide offering in-depth reviews of over 80 rewards cards,” said John Williams, marketing consultant at CreditCardReview.ca.

The new section features detailed reviews of 84 rewards credit cards by MasterCard, Visa, and AMEX, offered by major Canadian banks. Visitors of CreditCardReview.ca can do easy comparisons to save on charges, maximize rewards, and take full advantage of the promos. Rewards credit cards feature sign-up bonuses, complementary upgrades, hotel points, and other perks and benefits. International and domestic travelers earn rewards and are offered the chance to score some low-cost or free flights. Cardholders benefit from high-end perks, generous bonuses, and no-expiration policies. At the same time, choosing the right credit card can be a challenge given the wide variety of products available. Some products come with inactivity penalties, sign-up requirements, and point caps. Another problem is that bonus miles and rewards points are often devalued due to inflation. Complimentary bonuses and rewards also require heavy spending. What is more, some credit card issuers penalize holders for inactivity meaning that they lose the bonus points they’ve collected so far. Unlike them, there are rewards credit cards that save money, offer rewards, and smooth consumption. To choose the right product, however, it is important to consider the costs along with the perks and benefits. The new section of CreditCardReview.ca offers detailed descriptions and comparisons of direct costs such as annual fees and interest charges. The goal is to help visitors to learn about spending requirements, redemption rules, bonus categories, and other features of rewards credit cards.

About CreditCardReview.ca: CreditCardReview.ca is a Canadian credit card directory offering information on the major banks and credit cards in Canada, along with many useful credit card related articles and guides.

For the original version on PRWeb visit: http://www.prweb.com/releases/CreditCardReview_ca/rewards_credit_cards/prweb11410378.htm

Credit Card Guide Helps People to Avoid Exorbitant Fees and Sky High Rates

CreditCardReview.ca offers a low-interest credit card guide to people who want to avoid super-high borrowing costs that can ruin them financially.

Toronto (PRWEB) October 16, 2012

Art Branch, Inc., the parent company of CreditCardReview.ca announced today the publication of a low-interest credit card guide (http://www.creditcardreview.ca/low-interest-creditcards-9/), intended for Canadian consumers who are looking for affordable credit solutions.

The new guide was created by the content development team at Art Branch, Inc. and is the result of extensive research on popular Canadian credit cards. The guide was published on CreditCardReview.ca, which presents in-dept reviews of credit cards available to consumers and small businesses in Canada. The section was added in response to requests from visitors and features reviews and comparisons of low-interest credit cards.

“Affordable credit is very important for Canadian consumers and small businesses; however, many can’t borrow funds at reasonable rates. Canadians who are looking for credit but are unable to get an unsecured credit line from their bank may want to look at low-interest credit cards,” said John Wilson, marketing consultant at Art Branch, Inc.

The new guide presents 17 low-interest credit cards offered by AMEX, VISA and MasterCard. Costumers have the opportunity to compare interest rates and annual fees and will find a comprehensive review for each product.

Some people have fair or less-than-perfect credit scores, and this makes them unlikely candidates for a low-cost credit line from their bank. While there are better borrowing options than a credit card, a low-interest card is a good choice compared to payday loans and other products with extremely high interest rates. Some people villainize credit cards, and there are urban legends and annoying myths about them. The truth is that using a low-interest card can help people in lean days. Financial setbacks happen for many reasons – death of a partner, major illness, demotion, and divorce. Even the rich and famous have been hit by tough times, and some celebrities live under huge amounts of debt. While an emergency fund can cover financial gaps, few people can afford such luxuries. A low-interest credit card is a good option for people who are coping with a major, life-changing event. It is not a tool to rectify one’s financial woes, but it allows recession-hit people and those in financial straits to borrow at reasonable rates.

About CreditCardReview.ca: CreditCardReview.ca is a Canadian credit card directory that offers information on the major banks and credit cards in Canada, along with many useful credit card related articles and guides.

Tips To Use Your Credit Card Smart

Cardholders who want to use their credit cards smart should consider their spending habits, lifestyle, and the purchases charged to the card. For instance, low interest credit cards are recommended to those who carry a balance as to avoid paying high interest charges. Cardholders who travel often may opt for an airline credit card and earn rewards points or frequent flyer miles. Persons who drive frequently can opt for a gas credit card as to benefit from the rebates that go with them, thus saving on fuel.

It is not recommended to carry a balance if you have a high interest credit card because you will pay more in interest. One strategy is to use the balance transfer options offered by various credit card issuers. Some credit cards come with up to ninety interest-free days. Some cards are also featured with very low introductory interest rates in the range 0 - 1.99 percent. Making a balance transfer to such a card is also a good option if you have a high interest credit card.

If you have a rewards cards should redeem the collected points before the expiration date. Interestingly, the majority of cardholders never redeem their rewards points. You may want to check how much points you have accumulated and ask the bank's customers service about the options to redeem them.

It is very important to learn your PIN number and never carry it with you. If you carry the card and PIN number in your purse and it is stolen or lost, someone can take advantage of your credit card. In that case, you should call your issuer immediately.

It is not a good idea to withdraw cash from your card. The card issuer will charge a high fee for that and in some cases, a minimum charge applies regardless of the amount. You can use your debit card or carry some cash with you as to avoid making cash advances.

It is best to pay the full amount each month rather than carry a balance. If you don't have enough money, you may pay the minimum amount, but you should try to pay the balance in full, if possible. Remember that banks charge late payment fees if you miss the payment date. On top of that, your credit rating is likely to suffer. Your application for a car loan, mortgage, or personal loan may be rejected later on. Banks and other crediting institutions favor trustworthy clients who pay on time over those who are unable to manage their personal finances. Finally, don't use multiple credit cards as you may lose track of your spending.

Safe Ways To Use Your Credit Card

Credit cards have many practical applications, apart from using them as light switch covers and golf putters. It is better to use a credit card rather than your debit card when shopping online, buying big-ticket items, booking travel, paying for fuel and hotel accommodation, and much more.

It is safer to charge items to a credit card when shopping online. Debit cards link to checking accounts directly and are more vulnerable to hijacking. Most credit card issuers offer cardholders voluntary policies that help reduce the liability to zero.

Using a credit card is safer when you buy big-ticket items such as furniture and household appliances. Canadian credit cards come with dispute rights in case something goes wrong with the purchase or merchandise. Another beneficial feature is the extended warranty which extends the merchant’s warranty. If you are to rent a car or buy electronics, some credit card issuers feature property insurance for these types of purchases. Carrying a balance should be avoided when buying big-ticket items. On the other hand, some cards offer additional benefits such as auto rental collision damage waver, common carrier travel accident insurance, lost luggage assistance, legal assistance, etc. With credit cards, cardholders can make emergency cash transfers and request emergency card replacement. In addition, low interest credit cards also go with identity protection and balance protection as well as purchase assurance, typically over a period of 90 days from the purchase date.

Using a credit rather than debit card is recommended if you are a new customer. If you will be buying an item which takes a couple of weeks to arrive, your credit card will offer better protection. Again, if the item does not arrive or has defects, you can take advantage of the dispute rights that come with the card. It should be noted that protection is extended over a specified period. Problems should be settled as soon as they occur.

Airmiles credit cards are recommended for use if you are booking a travel. When using a debit card, the hotel chain or travel agency will debit it immediately.

Finally, it is not a good idea to use your debit card for recurring payments because you lose track of the payments. You will face late payment fees if you don’t have enough money in your account. A low interest credit card should be used for recurring payments, especially by borrowers who carry a balance.

Pros And Cons Of Student Credit Cards

It is hard for the students to avail the services of the usual credit cards as most of these credit cards need to be countersigned by the parents or guardians. This measure is helpful for the parents at large but is a bit inconvenient on the child's part. So, in such a situation prepaid student credit cards come as saviors and allow students to use their money when and where they want.

These prepaid student credit cards are getting popular with time as they do not require students to get them cosigned by the parents. Owing to this; the students actually feel getting mature and independent. But as these types of credit cards do not function like the usual credit cards do, so you had better know how these work beforehand.

The prepaid student credit cards basically are a type of credit cards on which the students need to deposit a certain amount of money. Moreover, you must know that these credit cards are not like the usual credit cards in Canada which can be used to borrow money via ATMs or banks etc but in fact you can use only that amount which you have deposited on your card. For instance, if you have deposited $200 on your prepaid credit card, then you can spend only this $200. So, this means that you only get to use the money that you earlier on preserved on your prepaid credit card and cannot use it like the usual credit cards. Once you have used the entire amount you initially deposited on it; you need to refill your card in order to use it again.

However, there are a few advantages with the use of student credit cards against regular credit cards. First and the foremost you can never run into debts as long as you use these prepaid credit cards. Moreover, with even a meager amount of around $75 you can get started with a prepaid credit card in Canada. This has made really easy for the students who usually possess less amount of money to put on the credit cards.

Furthermore, a long term benefit is that it helps you build your credit scoring. So, all those Canadian students who are serious about acquiring good credit scoring, you had better go for a prepaid credit card. The best thing about these credit cards is that nearly everyone of you can avail these cards as they do not investigate your credit history and have a really low minimum amount to deposit on. So, the moment you start using these cards, the detail of your monthly progress will be provided to the Equifax and TransUnion Canada.

Apart from this, these credit cards are a great way to master the art of money handling. As you will be depositing money on these cards, so you will learn to be careful about its usage as well. Prepaid student credit cards help students to understand the value of saving and spending wisely. These types of prepaid credit cards are best for meeting your daily expenses and will save you with the hassle of carrying paper money. But, you have to be 18 years old and should be a Canadian citizen in order to avail the services of such credit cards in Canada.