18 Credit Cards Terms Explained

Mohamed Konate


Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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18 Credit Cards Terms Explained
Published by Mohamed Konate | Updated Dec 14, 2023
18 Credit Cards Terms Explained
Reading Time: 2 Min Annual Fee The yearly amount charged for the use of a credit card. APR-Annual Percentage Rate APR is an acronym for: Annual Percentage Rate. It is the interest rate that a customer is charged on any outstanding balance. Balance Transfer The process of transferring an unpaid balance from one open credit card account to another,… Continue reading 18 Credit Cards Terms Explained
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Credit Score 101
Published by Mohamed Konate | Updated Jan 11, 2024
Credit Score 101
Reading Time: 4 Min Here’s everything you need to know about credit score basics: why it’s important, how to get it, and how to improve your score. Fact: Two-thirds of the households in Canada have debt, according to a 2017 report by the Royal Bank of Canada. Household debt includes mortgages, lines of credit, car loans, personal loans, and personal… Continue reading Credit Score 101
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Credit Card Basics
Published by Mohamed Konate | Updated Nov 24, 2023
Credit Card Basics
Reading Time: 4 Min   What is a Credit Card? When a business such as a bank lends you money it is called credit. A credit card essentially allows you to spend the bank’s money and pay them back later, all through the use of a small plastic card. Credit cards are convenient, secure, and help build your credit… Continue reading Credit Card Basics
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Credit Card Insurance Guide
Published by Mohamed Konate | Updated Nov 24, 2023
Credit Card Insurance Guide
Reading Time: 4 Min Credit Card Insurance Canadian credit card companies offer a variety of insurance options for cardholders. In order to take advantage of the insurance, you must use an eligible card for the booking or purchase. Look at the various options out there,  to have a better understanding of the benefits that come with credit cards. Collision… Continue reading Credit Card Insurance Guide
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