How to use your credit card as a powerful wealth-building tool

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 79 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 99%

Canada Headlines News

Canada Latest News,Canada Headlines

Irresponsibly using a credit card can land you in financial trouble, but personal finance columnist Christopher Liew says when used properly, it can be a powerful wealth-building tool that can help grow your credit profile and create new opportunities.

Irresponsibly using a credit card can land you in trouble, but columnist Christopher Liew says when used properly, it can be a powerful wealth-building tool that can help grow your credit profile All too often, credit cards are given a bad reputation. You might have heard a friend or family member say that opening a credit card was one of the worst financial decisions they made.

Before signing up for any credit card, I recommend taking the time to understand how your credit score and report are created, as well as how credit cards and credit card interest works. This will prevent credit card interest charges, while still allowing you to take advantage of any cashback rewards offered by your credit card. Each payment will also be reported to the credit bureaus, helping to improve your credit score and build your payment history.The key to using a credit card responsibly and taking full advantage of all of the rewards offered by each card is to create a budget.

For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.Evan Bouchard scored 5:38 into overtime and the Edmonton Oilers bounced back for a 4-3 win over the Vancouver Canucks in the second round of the Stanley Cup playoffs on Friday.The entire town of Fort Nelson, B.C.

Justin Trudeau says Meta is making billions off people, but taking no responsibility for the well-being of communities they profit from.'I may have some nightmares:' Man survives being bitten by 2 sharks in Bahamas The actions, including the decision to use non-lethal force, to disperse pro-Palestinian protesters from the University of Calgary campus were justified, Alberta Premier Danielle Smith said Friday.

Out-of-control wildfire prompts evacuation alert for Fort McMurray, Saprae Creek Estates Friday night

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to avoid the trap of becoming 'house poor'The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
Source: CTVNationalNews - 🏆 82. / 51 Read more »

What does it mean to be 'house poor' and how can you avoid it?The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
Source: CTVNationalNews - 🏆 82. / 51 Read more »

The big benefits of adopting a debt-free lifestyleIn his column for CTVNews.ca, columnist Christopher Liew explains the benefits of adopting a debt-free lifestyle, as well as the change in financial mindset and sacrifices it takes.
Source: CTVNews - 🏆 1. / 99 Read more »

Christopher Meloni Pounces On Kevin McCarthy's Bonkers 2016 Election ClaimBen Blanchet is a reporter based in New York City. His work has been featured in the New York Post, Insider and The Buffalo News' Sun newspapers. He was born and educated in Upstate New York.
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Any U.S. attempt to restrain gold price would backfire – Jeffries’ Christopher WoodThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

FBI Director Christopher Wray: ‘We Don’t Monitor Protests’You can't protest abortion, males using female spaces, or support Trump. You can definitely call for the murder of Jews!
Source: LegInsurrection - 🏆 3. / 95 Read more »