Dec. 15, 2011
-- The technology in the world of finance has developed vastly. Once we used to have only paper money, then we had checks, and now a plastic card is all you need. Credit cards are the devices of great significance and should be used as we use any important device. As different countries have different banking laws and regulations, similarly the rules and laws that apply for a credit card may vary from country to country.
The government of Canada believes in the proper management and so maintains a proper documentation of all the credit cards and their fees, interest rates and rewards and other traits. This database of Canadian credit cards is revised after every four months according to the facts and figures given by the issuing corporations and then the website of FCAC (Financial Consumer Agency of Canada) is updated accordingly. These databases are brought out in two very comprehendible formats, sorted out in with respect to the credit card so that you can easily compare various cards and their features: http://www.creditcardscanada.net/
The FCAC website is designed to serve the Canadian credit cards users. It offers you an interaction forum on which you are asked a few questions. A profile is made in the light of the answers to these questions and so they evaluate your habits of usage and requirements. This way you are offered a handful of credit cards and can compare their features, interest quotient and rewards etc. in detail.
You can apply for Canadian credit cards online as well as through any bank in Canada. The only qualification you require is a neat and clear financial past which includes no bankruptcy within the last seven years and no credit card rejection within the last 6 months before you apply. Once you fulfill both of these requirements, you can get a credit card as easily as A, B and C: http://www.creditcardscanada.net/different-types-of-credi...
First you need to do a little research on what kind of credit fulfils your requirement. The various cards differ from each other with the change in their traits like the interest rate, reward offerings, annual fee etc. If you can't do it manually, there are a number of websites that offer this application where you just need to punch in your requirement and they give the best possible results for your credit cards. The websites generally pick more than one option of credit card for you to compare and choose the best. The traits you might want to look for are the interest rates, annual fee, cash back etc.
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Canadian credit card directory is listing credit cards offered by major Canadian banks and financial institutions, as well as credit cards offered by Canadian stores. http://www.creditcardreview.ca/