Like so many Canadians, you probably went on a bit of a spending binge over the holidays. With all those credit card bills now coming due, the new year is a great time to consolidate your debts and get your financial house in order.
Balance transfer credit cards are a useful tool for Canadians whose debts have piled up because they allow you to transfer balances from one card to another. The interest rate relief you’ll experience is immediate – instead of paying upwards of 20% on your credit card debts, you’ll be paying 0-3% on the new card.
Here are some of the best balance transfer cards available in 2014:
Did you make a New Year’s resolution in the closing hours or minutes of 2013? Many people resolve to save more money to steer clear of unmanageable debts, or relying extensively on credit cards to pay for everyday expenses.
Christmas Day has arrived, and families are preparing for their morning rituals surrounding the tree. Thoughts of holiday credit card bills and committing to sound New Year's resolutions are pushed aside this morning as the spirit of the season takes hold across Canada.
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