When do you pay credit card bills?

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PayMe
 
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When do you pay credit card bills?

Postby PayMe » Sat Sep 08, 2012 9:35 am

I live in Canada....so basically I don't know anything about credit cards and I need to know which I should go for.

I'll be using for online purchases, that it. Now I don't know about how balances work, do I pay them in advance or the bill comes in later?

I don't want to be doing the same like PayPal, go to a bank wait a long line, deposit money, withdraw on PayPal 5-8 days. What should I be looking for or if any Canadians here which cards?


MoneyTalks719
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Postby MoneyTalks719 » Mon Sep 10, 2012 8:11 pm

When you receive your bill you should be paying your balance before the due date in order to not pay any interest charges.

jlam572
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Postby jlam572 » Tue Sep 11, 2012 10:52 pm

MoneyTalks719 wrote:When you receive your bill you should be paying your balance before the due date in order to not pay any interest charges.


Indeed, I pay them immediately as soon as i am able to pay them online.
American Express Platinum
Chase Sapphire Preferred
Hawaiian Airlines BOH MC
USAA Amex
Capital One Visa Platinum
Citi Diamond Preferred MC

FutureBillionaire
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Postby FutureBillionaire » Wed Sep 12, 2012 5:41 pm

I pay my cc bills before the due date or statement date, whichever comes first.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

DavidNY
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Postby DavidNY » Wed Sep 12, 2012 5:50 pm

Scotiabank rewards cards look nice. http://www.scotiabank.com/ca/en/0,,4627,00.html

I usually pay on the due date, keeping my money in an interest-bearing account as long as possible.

PayMe
 
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Joined: Sat Sep 08, 2012 9:13 am
Location: Canada

Postby PayMe » Thu Sep 27, 2012 10:36 am

Which one should I go for?

TD Emerald Visa Card
Annual Fee
$25
Interest Rate
TD Prime + 1.75% up to TD Prime + 9.75%


===
TD Green Visa Card
Annual Fee
No Annual Fee
Annual Interest Rates:
19.99% on Purchases1
and 21.5% on
Cash Advances

DavidNY
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Postby DavidNY » Fri Sep 28, 2012 7:45 pm

Do you plan on carrying a balance? If not, I'd go for the one with no annual fee. I don't see any cash or travel rewards program on either of those cards though.

Money card
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Postby Money card » Sun Sep 30, 2012 1:07 am

to answer your question Payme I pay my bills through the mail. I pay mine the first saturday when they come in. For example
if my bill comes in on a Wedneseday I pay that saturday. if my statements come in on saturday I would pay it the following saturday.

Dave I believe unless I'm mistaken I believe the TD green card is a cash back card. It's not the executive level of say A Discover
Bank of America or citibank dividend cash back card, but I think you can get something on that card.

the emerald visa is probably a low intrest card
and your correct they offer no travel rewards.

DavidNY
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Postby DavidNY » Sun Sep 30, 2012 1:29 pm

Money card wrote:I believe the TD green card is a cash back card.


The TD Rebate Rewards Visa Card offers "up to" 1% cash back. The green card doesn't.

http://www.tdcanadatrust.com/products-services/banking/credit-cards/td-reward-cards/compare-reward.jsp



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