How Does a Credit Card Work In Canada? A Beginner's Guide

Here is everything you need to know about how a CREDIT CARD WORK IN CANADA. In this video, I'll explain the basics of Credit Cards focusing on how Credit Card works so that you can have the right information you need. The best thing you can do for your Credit is to Pay on Time! This is a BEGINNER'S GUIDE.

In order to avoid paying interest and fees on a Credit Card, you've got to understand the basics of how Credit Cards work especially if you are a new immigrant in Canada. I explained things in such a way that makes sense, even a 5 yr old would understand this too. Thanks for watching!!

So remember this important rule about using a Credit Card, If you pay for your purchases in the month you made them, you won't have to worry about interest at all. A Credit Card is a great tool for building your Credit

If you learn to use Credit Cards responsibly, they can help to build your Credit and cost you absolutely nothing doing so. I hope you learn something from this video and as always, please leave a comment with your experiences with Credit Cards. Lets help everyone make the best decisions they can. Take care guys!

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DISCLAIMER: All information shared on this video is provided strictly for educational purposes, i am only sharing my personal; experience and what has worked for me. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional. Ensure that the information is still valid as at the date of use.

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Gloria

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