Credit cards – evaluating competing credit card offers by https://padlet.com/s_chen67/sjq76gh8fo1b By Steven Chen - Money Matters @ Durham College en-us 2020-03-22 22:35:10 UTC 2024-09-29 02:35:20 UTC hello@padlet.com Introduction s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470150082 Welcome to my Padlet wall, in this opportunity I would like to present you the evaluation of competing credit card offers, so you would have a better knowledge on how to choose the best credit card for yourself from one bank to another in Canada.]]> 2020-03-22 22:45:35 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470150082 Website #2 - Rate Hub s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470157704
This website compares financial products and rates to provide the best recommendations for someone’s specific needs. It provides information about mortgages, credit cards, savings accounts, or when someone needs insurance coverage. The website’s intention is to inform Canadians to help them make better financial decisions.

The website has a section labelled as an “Education centre” which contains information on the basics of credit cards, the types of credit cards, rewards credit card, credit card insurance and credit card score and fraud. These sections have explanations on credit cards as a payment method, the importance of different credit cards and the importance of credit history and how to build up a credit score. 
]]> 2020-03-22 22:56:33 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470157704 Website #3 - Greedy Rates s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470158565
This website is a blog that talks about the amount of credit cards that are available in Canada and how they benefit Canadians by providing more options in how we make purchases and earn back from them. The blog also acknowledges the option anxiety a person may feel with so many choices, whether they need fast cash back, low interest rates or travel privileges. It also contains a “best of the best” list to find best Canadian card to suit different individuals.

The website contains a list of different cards and also shows which perk the card is considered best for. This section also shows the annual fees of each card. In order to help inform Canadians even further, the blog also has a larger section that goes in detail of the benefits of each card. 
]]> 2020-03-22 22:57:54 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470158565 Website #4 - Young & Thrifty s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470158985
The website has information about current best credit card offers in Canada, what credit card promotions and how they work, different types of sign up bonuses, credit card bonus conditions and whether it is worth it or not. The article also has a list of different credit cards with their respective credit card offers that are considered to be the best that are currently available.

The list posted has information on the different credit cards that are considered to have the best credit card offers as well as the annual fees. It also has a larger section that also goes in deeper detail of each individual card, having more information such as minimum income eligibility, credit score required, earn rate, welcome offer, additional benefits, and purchase/cash advance APR.
]]> 2020-03-22 22:58:28 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470158985 Website #1 - Red Flag Deals s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470160834
The website is one that helps Canadians find credit cards that best suit an individual by letting them choose and see the different options that they can choose from and what conditions apply to them. The site’s main purpose to let people browse different credit cards and compare different cards’ benefits to another.

This site has different sections/categories that can be used to filter for someone’s needs, these categories include rewards, cash back, no fee, travel, student, and build credit.
Applying a category shows the different credit cards that are available under the chosen category, also providing the option to see more information about different cards. 
]]> 2020-03-22 23:01:29 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470160834 Video #1 - TOP 5 BEST NO-FEE CASH BACK CREDIT CARDS IN CANADA 2019 s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470164496
This video covers a Canadian’s opinions on what he thinks are the best five cash back credit cards available in Canada that have an annual fee. The video explains what cash back credit cards do and offer compared to other rewards-based credit cards. He then continues with the list of the five credit cards, explaining what the benefits each card has and how they apply differently to different individuals depending on their spending habits.

The explanation and comparison of cash back credit cards with travel/rewards credit cards tells the different benefits of cash back compared to rewards-based cards, along with the list of cards and their promotional offers. 
]]> 2020-03-22 23:07:23 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470164496 Video #2 - TOP 5 BEST NO-FEE CASH BACK CREDIT CARDS IN CANADA 2020 s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470165862
This video covers the best five cash back credit cards available in Canada that do not have an annual fee. The video explains the difference between rewards cards and cash back cards as well as the situations where a cash back card with an annual fee may be better or worse in different scenarios. After explaining this, the video continues with the list of the supposed best five no fee cash back cards available in Canada.

Unlike the previous video (Video #1), this video explains the cases where someone should prefer to use a credit card with an annual fee compared to one that does not have a fee as well as providing information about each individual credit card’s promotional offers and benefits.
]]> 2020-03-22 23:09:36 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470165862 Video #3 - Top Best Credit Cards for Travel in 2019 (Canada) s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470166646
This video explains the benefits of travel credit cards and a list of the best travel cards in Canada. The video also spends a lot of time to explain what TD points are and how they are used. The list of cards goes in depth for each individual card, talking about the benefits each card has and the promotional offers each card has.

The video explains the benefits of rewards-based credit cards have that the other videos (Video #1 & 2) do not. The video explains the general idea of how points are earned through spending and can be redeemed to purchase things such as flight tickets. 
]]> 2020-03-22 23:10:53 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470166646 Video #4 - The 5 Best Credit Cards in Canada in 2020 s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470168394
This video lists the best five credit cards including both cash back and rewards-based credit cards. The cards recommended in this video are aimed towards people that spend large amounts of money on credit cards as most listed cards have annual fees. Each card that is listed is also further explained with what their perks are and what promotional offers are available to people who sign up.

This video is just an overall summary of which cards are considered best out of all that are available regardless of whether it has a rewards or cash back system. The video also has personal experiences with each card that is listed. 
]]> 2020-03-22 23:13:38 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470168394 Image #2 - Best Western Rewards s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470172375
This image advertises a rewards-based credit card that shows how the point system works, how points are earned as well as a promotional offer of 16 thousand points after the first purchase and first stay.

The point system being displayed on the image helps people plan whether it is as beneficial to them as they need it to be. 
]]> 2020-03-22 23:19:36 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470172375 Image #1 - Christmas Tree Shops s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470177013
The image advertises the credit card by saying the addressee can earn rewards with every purchase everywhere, meaning no limitations.

The most important information provided in this image and also the information that the card depends on for people to sign up are the percentage of rewards that are given back to the spender. 
]]> 2020-03-22 23:27:01 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470177013 Reflective Questions s_chen67 https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470187235 1. What did you learn about your topic that surprised you the most?
What surprised me the most was the fact that there are hundreds of different type of credit cards to choose from in Canada's market alone.

2. Provide a real-life example of how this topic is relevant or interesting for you.
It gave me the insights on how to carefully and wisely compare all available credit cards in Canada before you sign up one or more of those credit cards.

3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?
I would let them know that the credit cards from five largest banks in Canada are not necessarily always the best fit for them.]]> 2020-03-22 23:45:28 UTC https://padlet.com/s_chen67/sjq76gh8fo1b/wish/470187235