Which is the best Canadian credit card to take overseas?

I'm planning to open a Best Buy Credit Card to take advantage of the 18 month promotion and buy an Iphone?

  • for me and my brother. Is it a good idea to do so? I'm planning to pay it off right away and then cancelling it. After I pay it off should I cancel it? If I do will there be a fee or will it ruin my credit? I'm scared of credit cards I like to pay always with my debit, it's just that I'm not going to have enough money the day the new Iphones come out.

  • Answer:

    I did not enjoy using them for buying a Macbook. The statements are always mailed late and you have literally 5 days to mail the payment or pay it online or they will tack on a $35 late fee. You can't pay in the store. The interest rates are horrible. The interest will accrue and go on your credit. In fact, I knew of some folks who didn't get their home loan approved for that reason.

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I got a Best Buy credit card and got a laptop and did the same thing had like no intrest for a certain amount of time, got the computer, paid it off before intrest hit and walla bam I'm good to go - Got my computer, didn't spend all my cash, and helped my credit out in the meantime. I dont think your suppose to cancel credit cards though. I think its best to just leave them open with open credit.

get infos ; open the first & fourth link in: www.credit-debit-card.co.cc

Any activity with money will affect your credit score. You should establish credit some how. But for now just wait until you have the money.

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