Credit Cards
Credit cards offer convenience, rewards and short‑term financing. The right card depends on how you spend and whether you carry a balance. This hub compares travel, cash back, low‑interest and no‑annual‑fee cards from banks and credit unions.
Card Categories
- Rewards: Earn points or miles for travel or merchandise.
- Cash Back: Receive a percentage of spending back as a statement credit.
- Low‑Interest: Lower interest rates for those who carry balances.
- No‑Annual‑Fee: Basic cards with no yearly cost; may have fewer perks.
Sample Cards
| Card | Type | Annual Fee | Highlights |
|---|---|---|---|
| RBC Avion Visa Infinite | Travel | $120 | Flexible Avion points and travel insurance. |
| TD Cash Back Visa Infinite | Cash Back | $139 | Up to 3% cash back on groceries and gas. |
| Scotiabank Value Visa | Low Interest | $29 | 12.99% interest rate; low balance transfer fee. |
| Tangerine Money‑Back Card | Cash Back | $0 | 2% cash back in up to three categories. |
| Meridian Visa Infinite Travel Rewards | Travel | $99 | Points on all purchases and travel insurance. |
Interest rates and rewards vary. Some cards require a minimum income and good credit. Check eligibility before applying.
Frequently Asked Questions
How do I choose a credit card?
Consider your spending habits, whether you pay your balance in full each month and what perks matter most (cash back, travel, insurance).
Does applying for a card affect my credit score?
Yes. Credit inquiries can temporarily lower your score, but responsible use can improve it over time.
Are credit cards safe to use online?
Yes, if you shop on secure websites and enable fraud alerts and two‑step verification.
Can I have multiple cards?
Yes, but manage them carefully. Having multiple cards can increase available credit, improving your score if used wisely.
What happens if I miss a payment?
Late payments incur interest and may trigger penalty fees. They can also damage your credit score. Set up auto‑pay to avoid missing due dates.