Third party suppliers.

Banks often hire outside companies to sell their credit cards and other financial products and services. These sellers can be pushy. Don’t feel like you have to buy a credit card you don’t need. You are in control of your purchases.

Fees and interest rates.

Do your research when you want to get a credit card. Are you looking for the lowest interest rate available? Reward points? Other benefits such as travel or car rental insurance? Consider what best suits your needs. For example, you may pay a higher interest rate, or higher fee, for a card that earns you reward points. To help you with your research, consult the online credit card selection tool of the Financial Consumer Agency of Canada. Make sure to be careful before applying for credit card.

Optional supplements.

We can offer you additional services such as credit card balance insurance. For a monthly fee, this type of insurance covers all or part of your credit card balance if you get sick, lose your job, or lose your life. The seller requires your express consent to provide you with balance insurance. However, this coverage is not suitable for everyone. For example, if you are a part-time student, you may not be eligible if you lose your job.