Quote:
Originally Posted by Henry17
They are pretty bad in Canada as well. I think the US is the abnormality with more generous rewards.
Yes, this. Nonetheless, I'd like some input because the crazy 5-6% reward rates I am seeing in this thread have my head explode. I'm getting 2% on EVERYTHING, pure cash back, with mbna travel rewards (grandfathered). Can someone in Canada think of a better deal? There are no fees on my card but I'd be willing to look into cards with fees.
I spend about 10k on construction material a year and then:
- 15k travel (that's about 5k airline, 7k hotels, 3k car rentals);
- 1-1.5k on groceries
- 2-3k on gas
- everything else is random stuff, with a total spend of probably around 40k on credit cards a year.
Would love to hear input about better cards tham what I have now. I am fully satisfied from a insurnace and benefits perspective but theses 6% deals are having me water at the mouth.
Quote:
Originally Posted by Byrung
I just did mine through transunion Canada and my score is 702
With this score it states:
I am rated as fair.
Your credit ranks higher than 35.93% of the Canadian population
That score is with a perfect payment history and Ive had lots of loans. One for a $22.000 truck a $16,000 car ..all 3 of my credit cards and rogers bill
I have some pretty solid credit card debt going on right now so I checked my score. I was thinking about going into my bank to see if I can consolidate it. I wonder if a 702 score would be good enough to get that loan
You will easily get a consolidation loan with this. I recommend you look into a line of credit instead; it could be the same rate but is much more flexible. Also, personally, I have found scotia to have much better rates than anyone else in the business. I am affiliated with a financial institution that is a competitor of Scotia, yet I find them to be great on rates.
Quote:
Originally Posted by Greggers
+1'ing what JL said on this. I believe these bills would not show up on your credit report (ie FICO score) as these recurring bills do not represent any sort of extension of credit to an individual.
I'm not even sure massively late payments on these bills would show up on a credit report. (Perhaps they do if say Verizon Wireless takes action against you if you're like 90 days late on a cell phone payment?)
I'm in Canada so it may be different, but I have missed payemnts on internet and phone bills for 30-45 day periods because my credit card number was cancelled and changed (lost cards) multiple times and, while the provider got pissed at me for being quite late, there is nothing showing up on my credit score that I pulled 2 weeks ago.