What Is The Purchase Rate On A Credit Card

Mohamed Konate


Mohamed Konate, MBA Mohamed Konate is a licensed Mortgage Agent (FSRA #10530, Mortgage Alliance) and Life & Health Insurance Broker (Elite Harvest Financial) based in Whitby, Ontario, serving families and businesses across the Durham Region and throughout Ontario. With over 15 years of experience in the Canadian financial industry — including senior roles at major banks — Mohamed combines deep expertise in mortgages, life insurance, and financial strategy to help clients buy homes, renew or refinance their mortgages, and protect their families with tailored insurance solutions. He is also the founder of MyRateCompass.ca, a trusted Canadian personal finance website offering unbiased insights and practical tools to empower consumers. Mohamed holds both a Bachelor’s and MBA in Business Administration from Quebec universities, and is passionate about making complex financial decisions simple and accessible. 👉 Learn more about working with Mohamed – Mortgage Broker in Ontario 👉 Connect at EliteHarvestFinancial.ca

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What Is The Purchase Rate On A Credit Card
Published by Mohamed Konate | Updated Feb 04, 2025
What Is The Purchase Rate On A Credit Card
Reading Time: 5 Min A purchase rate is the interest rate that applies to any new purchases you make using your credit card. This rate only applies if you carry a balance on your credit card. Not all purchase rates are the same and vary based on your circumstances and credit card provider.  In this article, we explain purchase… Continue reading What Is The Purchase Rate On A Credit Card
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Can You Cash A Cheque Without A Bank Account
Published by Mohamed Konate | Mar 01, 2024
Can You Cash A Cheque Without A Bank Account
Reading Time: 4 Min Let’s say you recently received a cheque but don’t have a bank account to cash it into. Don’t worry! It’s entirely possible to cash a cheque without having a bank account. There are a few popular options to do this, which we’ll explore in this article. But before we do, we’ll go over the traditional… Continue reading Can You Cash A Cheque Without A Bank Account
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What Are Three 3 Common Budgeting Mistakes To Avoid?
Published by Mohamed Konate | Updated Feb 04, 2025
What Are Three 3 Common Budgeting Mistakes To Avoid?
Reading Time: 3 Min Are you struggling to manage your finances and keep to your budget? You’re not alone. Effective budgeting takes practice, and it can be easy to slip up or make mistakes with your monthly finances.  In this article, we explore the three most common budgeting mistakes and how to avoid them.   If you’re ready to get… Continue reading What Are Three 3 Common Budgeting Mistakes To Avoid?
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What Is The 30-Day Rule?
Published by Mohamed Konate | Updated Feb 04, 2025
What Is The 30-Day Rule?
Reading Time: 4 Min Are you struggling to control your impulse purchases and wondering how to save more money? Look no further – the 30-day rule might just be the game-changer you’ve been searching for.  The 30-day rule is a technique designed to help you resist impulsive purchases. It works by introducing a 30-day waiting period before purchasing an… Continue reading What Is The 30-Day Rule?
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How Much Money Should You Be Saving From Every Paycheque?
Published by Mohamed Konate | Updated Feb 04, 2025
How Much Money Should You Be Saving From Every Paycheque?
Reading Time: 4 Min If your goal this year is to save, then putting away a little of your paycheque every month will quickly accumulate into a solid savings account. But how much should you put into savings each month? And how do you start?  This article explores the different approaches to monthly savings and offers guidelines and tips… Continue reading How Much Money Should You Be Saving From Every Paycheque?
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What Are The 3 P’s Of Wealth?
Published by Mohamed Konate | Feb 26, 2024
What Are The 3 P’s Of Wealth?
Reading Time: 5 Min Many of us dream of achieving financial success and building wealth but have no idea where to start. Enter the 3 P’s of wealth – a simple yet powerful framework to direct your actions to build and sustain wealth.  The 3 P’s stand for property, portfolio and passive income. In this article, we explore each… Continue reading What Are The 3 P’s Of Wealth?
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