My topic of comparing credit cards was very insightful and I truly learned a lot about the various types of cards and how to determine the best card based on individual circumstances. What surprised me the most about this topic was simply how many credit card options there are out there.

 

2.     Provide a real-life example of how this topic is relevant of interesting for you.

 

This topic is relevant to me in real-life because I’m always considering my financial future and I’ve learned from researching various credit cards that there are many cash back and reward type credit cards. I’ve learned that there are people out there using the reward features of credit cards in order to get ahead.

 

3.     If you could pass on your knowledge to a family member of friend, what do you think is the most important thing to pass on?

 

I think the most important thing to pass on is to fully understand the pros and cons of credit cards and have an idea what you want to gain from having a credit card (i.e.: the type of reward). I think these are important things to pass on to others because it will help others avoid making a mistake in 

2.     I chose this image because it’s a checklist that I wish I would have had when researching for my first credit card and before applying for my first credit card. One piece of information that I found useful in this image is that you should consider the Annual Percentage Rate (APR) before applying for a credit card. 

2.     I chose this image because I liked how it compared each credit card company or institution and visually depicted its results. I found it useful to see how each credit card company compared and the criteria for the survey.

2.     I chose this website because it’s a Canadian website that focuses on the various types of credit cards within Canada. Another reason I chose this website is because I really liked how it was laid out, but it was a bit of work to navigate through various webpages to get the information. I found it very useful that this website has ways for you to filter the credit cards based on your needs, for example the website asks, “What is your top reason for wanting a new card?”. Additionally, Ratehub provides a filter by category option (i.e.: travel, cashback, no-fee) which I didn’t see with other websites.

2.     I chose this website because of it’s easy-to-follow layout and simple ways of sorting and filtering results. I also chose this website because it provides not only a comparison of credit cards, but it also provides information on how to apply for a credit card and the pros and cons of credit cards. I feel that this additional information provided by creditcardGenius is great for readers because it’s simple, easy to understand information about the application process and what to know about credit cards overall, which I find most websites and videos didn’t cover a lot on.

2.     I chose this website because not only does it have detailed information about each credit card, but it also has a visually appealing chart that simplifies the top 7 cards with rewards/features and the annual fee; it also has an additional 9 cards that are hidden under a “see more” link. The website also does an excellent job of having separate categories of cards.

2.     I chose this website because it also has a chart for comparing credit cards, but instead of listing the rewards/features, it lists what the card is best for which could help the reader narrow down their selection based on their needs. I also chose this website because it has a selection tool at the top of the page which allows for the reader to click and go to any credit card category, which I haven’t seen on any other website.

2.     I chose this video because it outlines the differences between seven Canadian cash back credit cards, including the other various rewards, qualifications needed to apply, and other important information to consider. Another reason I chose this video is that while it’s one person’s opinion of what he considers the best cash back credit cards, he provides great explanations of each card and why it’s one of the best. One piece of information that I found useful is the update provided on the Rogers World Elite Mastercard and how because of its recent changes, it may not be a card to consider for many individuals.

2.     I chose this video because I really like how Prince of Travel breaks down the credit cards based on the bank they are associated with instead of based on the card type. I found this separation interesting because it opens your eyes to what your bank offers, as well as the other options out there if you were considering switching banks. I found it useful how Prince of Travel not only details the strengths of each card, but also the weaknesses and how those weaknesses could affect you.

2.     I chose this video because I believe that everyone must start somewhere, especially with a credit card, so I believe it’s beneficial to have information on what credit cards are best suited for beginners and why. I also chose this video because it showcases various options for different types of beginners (i.e.: more cautious vs a risk taker). I found it useful how Prince of Travel varied up the types of cards that he thinks is best suited to the various types of credit card holder beginners. 

2.     I chose this video I believe it would be extremely helpful to beginners who are looking to obtain their first card but are likely students and/or a Canadian with a lower income. Additionally, I chose this video because it’s a well laid out video that provides links to each card discussed and offers strategies for cash back.