Credit Card Usage

Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] Next >

Snowfall
Member since: Apr 05

Posts: 41
Location: Toronto.
Post ID: #PID

Posted on: 24-09-05 22:51:30

Hello everybody:

I am a new immigrant landed in Toronto from India. I have got my secured credit
card from a bank with 1000$ credit limit. My intention is to build a good credit history from now on. I have 2 queries.

1.Now can I use the VISA card for all of my bill payments like grocery, walmart shopping, and other all routine expenses? Or should I use the card for limited number of bill payments in a month? Is there any limitation on number of usage?

2.The primary card is in the name of my wife and myself as an add-on card, it 's a joint card a/c.
So is the credit history for only primary card holder or for both of us?

Looking for tips from everybody.

Snowfall.

sudesingh
Member since: Jul 04

Posts: 2085
Location: Toronto
Post ID: #PID

Posted on: 25-09-05 00:32:55

Quote:
Orginally posted by Snowfall

Hello everybody:

I am a new immigrant landed in Toronto from India. I have got my secured credit
card from a bank with 1000$ credit limit. My intention is to build a good credit history from now on. I have 2 queries.

1.Now can I use the VISA card for all of my bill payments like grocery, walmart shopping, and other all routine expenses? Or should I use the card for limited number of bill payments in a month? Is there any limitation on number of usage?

2.The primary card is in the name of my wife and myself as an add-on card, it 's a joint card a/c.
So is the credit history for only primary card holder or for both of us?

Looking for tips from everybody.

Snowfall.

Use it in any possible way, wherever they accept VISA cards. There is no limit on the number of transactions. However there is a charge if you exceed your credit limit (funny, they allow you to exceed the limit)

The credit history is for the primary cardholder only. So ineffect, you'll make your wife's history.... I mean credit history....

-----------------------------------------------------------------
SS
Reiki Grand Master

despremi
Member since: Apr 05

Posts: 130
Location: Toronto
Post ID: #PID

Posted on: 25-09-05 07:56:19

Quote:
Orginally posted by sudesingh

......... So ineffect, you'll make your wife's history.... I mean credit history....

candyfloss
Member since: Sep 05

Posts: 18
Location:
Post ID: #PID

Posted on: 18-10-05 13:37:55

I am landing on 24th October in TO, could you advise me which bank offers credit cards for newcomers?

Fonzie
Member since: Aug 05

Posts: 65
Location:
Post ID: #PID

Posted on: 18-10-05 13:40:32

I recommend CIBC (their service is much better than TD's in my experience).

Also CIBC has secured cards starting at 500 - TD's minimum is 1000.

Quote:
Orginally posted by candyfloss

I am landing on 24th October in TO, could you advise me which bank offers credit cards for newcomers?

sunanda
Member since: Nov 03

Posts: 40
Location: Windsor,ON
Post ID: #PID

Posted on: 30-11-05 22:56:28

Where do you apply for secured credit card? I have TD checking account but they said they do not have such secured credit card !! CIBC rejected my bank account application as I do not have much Canadian credit history.
Can anyone let me know where to apply for this secured credit cards ?

peacock1
Member since: Jul 04

Posts: 1040
Location: Woodbridge
Post ID: #PID

Posted on: 01-12-05 16:55:13

HI,
TD bank does have secured TD Visa card, just ask your bank to double check and do it for you, sometimes the ignorance of the person attending your querry has misunderstood your requirement and has therby given you incomplete or wrong info.
I too had my first card in canada from TD secured GM visa
I had seperate credit card for me & my wife, you built independent credit of each individual that is more important.
Within 6 months , try & obtain free unsecured credit card from PC financial, their chequing account is free too.

-----------------------------------------------------------------
mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.

Contributors: Canadian Dream(2) Mercury(2) rajcanada(2) sudesingh(1) despremi(1) Janmeja(1) candyfloss(1) Pramod Chopra(1) Fonzie(1) sajiddc(1) sunanda(1) peacock1(1) Snowfall(1) dop(1)

Jump to Page: < Previous [ 1 ] [ 2 ] [ 3 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Credit Card Usage
	Topic	Forum	Views	Replies
	Credit Card	Ask Immigration Expert	1501	1
	Secured Credit Cards	Just Landed	2239	6
	Credit History and Credit line	Financial Planning	1926	2
	Queries before Landing in Canada!! ( 1 2 )	Moving Soon	4011	13
	Getting a credit card	Just Landed	2112	5
	Credit cards! ( 1 2 )	Public Services	1995	7
	Now pay through your mobile	General	1346	0
	Credit Card Usage ( 1 2 3 )	Just Landed	5180	16
	Is there such a thing as a secured loan?	Just Landed	1868	6
	Loblaws - delay in processing a credit card payment	General	1848	4
	SBI issue credit card?	Life	1739	1
	Unsecured credit card ( 1 2 3 4 5 )	Life	5872	28
	WHAT HAPPENS IF YOU FAIL TO PAY UR SECURED CREDIT CARD BILL ( 1 2 )	Financial Planning	4551	12
	credit card	Financial Planning	2267	4
	My Credit card got exchanged ( 1 2 )	Shopping	2640	7
	Obtain Credit Card - Hilarious Task	Accounting and Taxation	1944	5
	Anybody help me about how credit check while purchasing home......! ( 1 2 )	Real Estate & Mortgages	4320	12
	Beware when giving credit card/debit card num to a company that bills you	Life	1813	2
	Best Credit card ( 1 2 3 )	Financial Planning	6708	20
	Checking Credit History ( 1 2 )	General	3159	10
	Method of accepting payments from India/Other countries in Canada	Business	1483	0
	Which is good credit card for new immigrant	Life	1655	4
	Credit Card Information stolen	General	1597	2
	urgent help wanted about credit score agencies.	Financial Planning	2376	5
	Credit cards and Opening bank account	Financial Planning	613	0

Charcha

Credit Card Usage

Discussions similar to: Credit Card Usage