Credit Cards For New Canadians

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What should new Canadian residents look for in a credit card?

Rounding it up

  • If you’re a newcomer, consider applying for a credit card to build your credit history and earn rewards for buying the daily essentials.

  • It’s important to build your credit history in case you ever need to secure a loan for a big ticket purchase, like a car or home.

  • When picking a new card, focus on cash back rewards and low interest rates and fees when picking a new card.

  • Of course, ensure you stay on top of your credit card payments so you don’t find yourself in a pool of debt.

5 min read

Ryan Severance
#newcomer#credit#credit card#immigration

Ryan Severance

Ryan Severance is a professional freelance author and the owner of American Scribe LLC. With degrees in political science and socio-legal studies, he writes about business, politics, and law for clients around the world.

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The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.