Best Credit Cards in Canada (and how to use them)

Best Credit Cards in Canada for 2015 and How to Use Them

Listen Now:

Today I’m excited to have one of the top personal finance bloggers in Canada on the show.

Tom Drake is the president of Drake Media Inc. and the owner and manager of dozens of personal finance sites, including his primary site: Canadian Finance Blog where you can learn more about the best credit cards in Canada, as well as other personal finance best practices.

He has been called the godfather of personal finance, and today I’m thrilled to have him on the show to talk all about the best practices when it comes to using credit cards, as well as the top credit cards that he recommends.

Questions Covered:

  1. What are some best practices when it comes to credit card use?
  2. Some credit cards have perks like extended warranty on purchases or travel insurance. How do you take advantage of these benefits? Is it a hassle to claim them?
  3. Many credit cards are free while others have a fee but have better rewards. Is there an easy way of determining whether it’s worth to get the paid option?
  4. What if you can’t pay off your entire balance at the end of the month? What are some options you’d recommend if you actually need to borrow some money (i.e. HELOC, secured loan, unsecured loan).
  5. Your thoughts on saving for an emergency fund vs paying off credit card debt.
  6. What are the advantages and disadvantages of having credit cards?
  7. Should we be concerned about credit limit utilization? (ex. keeping credit limit utilization under 30%)
  8. What are the top credit cards in Canada that you’d recommend?

Links & Resources Covered:

Best Canadian Credits Cards by Tom Drake: maplemoney.com/best-credit-cards/

Tom’s Top Sites:

MapleMoney (formerly Canadian Finance Blog)

Financial Highway

Balance Junkie

Personal Dividends

Stupid Cents

Great Partner Sites That Tom Runs:

Retire Happy

Planting Money Seeds

Out Of Your Rut

Live Rich, Live Well

You can also follow Tom on social media at:

Facebook

Google +

Twitter

Pinterest

In Closing

If you enjoyed the episode, please take a moment to leave an honest review and rating on iTunes by clicking the “View in iTunes” button at this link.

If you have any tips, suggestions or comments, please be sure to leave a comment in the section below. I read all responses and look forward to hearing from you.

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I looking forward to hearing from you.

Kornel

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2 Comments

  • Candace

    July 13, 2015

    Admiring the hard work you put into your website and detailed information you provide.
    It’s good to come across a blog every once in a while that isn’t the same unwanted
    rehashed information. Excellent read! I’ve saved your site and I’m
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  • Derrick Mcpherson

    May 28, 2015

    Thanks, this was awesome.