What You Need to Know About Credit Cards for Canadians
For immigrants of Canada, having a credit card is not just for convenience- it’s a necessity. Aside from the safety and simplicity of using a credit card to buy things, it is also an important tool in building personal credit history. If you’re planning to get a Canadian credit card, here are some important points that you need to know.
Build Your Credit History with a Canadian Credit Card
See to it that your Canadian credit card has credit reporting provisions to the three major credit bureaus in Canada (Experian, Equifax, TransUnion). This way, you can start building your credit as you use your card for your expenses. Remember, the only way you can build positive or impressive credit history, is by submitting your payments on time and avoiding unpaid debts.
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