Apr 23, 2011

Credit Cards 101

I know this is not "news" for those who are die hard followers, but as I seem to be fielding a few questions about cc I thouhgt I post a simple 101 and expand on it so everyone is on the same page. I promise to get back into analyzing credit cards very quickly.

We all choose credit cards in a very random manner with a simple objective in mind; obtaining the dream product/ service that will satisfy our needs. Whether it be the dream trip to Fiji, taking the grandkids to DisneyWorld or a discount on your next car, choosing the right credit card can save you few thousand dollars a year.
The first thing one should do is create a goal of what they’d like to achieve with the credit card: travel, financial reward (i.e. cash back), groceries discount, future car purchase discount, etc…
Let’s start with travel. There are two types of cards that one can obtain: 1) A card directly associated with an airline program (i.e. Aeroplan, WestJet, British Airways, etc…). 2) A card that gives you points that equate a dollar value towards any type of travel/purchase/ cashback.

Apr 16, 2011

Aeroplan mileage redemption levels to increase

In case some of you haven't heard, Aeroplan will be increasing the amount of mileage needed in exchange for travel. Take this into consideration when applying for a credit card that is directly tied to this loyalty program as your dream flight/vacation may require more out of pocket dollars.