Credit Cards

Canada’s best secured credit cards are easier to qualify for than traditional credit cards, helping build credit history and repair bad credit.

The best prepaid credit cards are reloadable, earn rewards and have minimal fees. They allow you to make in-store purchases, pay bills online, and more.

The best AIR MILES credit cards in Canada earn points on every purchase. AIR MILES Dream Miles have an average value of 11.35 cents per mile.

The best Aeroplan credit cards earn points for Air Canada’s loyalty program on every purchase. Aeroplan points have an average value of 2.23 cents per point.

Maximize your credit card rewards and earn more by using spending categories to your advantage. Double up on offers and get exclusive perks.

Should you pick a rewards credit card with points, miles or travel perks — or a flexible cash back card? It depends on your spending habits.

Travel rewards from popular programs like Air Miles and Aeroplan typically expire after 18-24 months of inactivity. Make sure you don't lose your points and miles.

Make the most of your credit card points by calculating the highest-value redemption option and using them before they expire.

Before applying, decide what type of credit card you want. Then, consider your credit score, income, and the implications of your application.

Interest rates can range from as low as 0% to as high as 30%, based on credit card and transaction type. Learn how to calculate and compare different types of interest rates.

Credit card statements can typically be read online and include your balance, transactions, payment due date, credit limit, interest rates and more.

How often you should apply for a new credit card depends on how many you want, but waiting about six months between applications is a good guideline.

The amount of interest you pay depends on your card’s interest rate and your balance. You can avoid interest entirely by paying your bill in full each month.

Making only the minimum payment on a credit card keeps you in debt longer and racks up interest charges. It can also put your credit score at risk.

There’s no magic number of credit cards you should have — but spending habits, ability to pay on time and credit score will help decide.