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December 17, 2006

It Pays to shop for the Right Credit Card

TORONTO -- So, what's in your pocket?

Among other things, likely 2.5 credit cards, just like any other average Canadian, according to Scotiabank vice-president in charge of credit cards Dave Trafford.

Some may have less, some may carry a walletful but many could be carrying around the wrong kinds of card because of the sometimes bewildering variety available these days.

"So it really depends on what you're going to do with it when you use your card," said Trafford. "I think if you narrow down what you're going to use it for, then there's tons of options in the market, but it's going to narrow the list quite substantially in terms of the type of card you're looking for."

Put simply, credit cards are divided into those where you can carry a balance, those where you can't, and cards that offer rewards and those that do not.

Read more at: It Pays to shop for the Right Credit Card

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