How to get your first CREDIT CARD as NEWCOMER to Canada? 💳 Living in Canada
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- เผยแพร่เมื่อ 3 ก.ย. 2021
- Is it difficult to get a credit card as a newcomer to Canada? What if you’re on a study permit? How about if you’re on a work permit but don’t have a job yet? It’s not as difficult as you think, and in this video, I’ll share with you how to get a credit card as newcomer #livingincanada #workingincanada #canadacreditcard #studentcreditcard
One of the first things you’ll need once you arrive in Canada is a credit card. It makes it much easier to process your daily purchases and online transactions. Always use it responsibly, of course! That will matter much more than which credit card you use.
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This video is based on my personal experience and made for education and entertainment purposes. I am not a financial advisor. Always do your own due diligence and research to find out what financial products are best for you!
** DISCLAIMER **
I am not a lawyer, not an immigration agent, and not a financial advisor. I do not give out any advice about immigration. I only share my personal experience and knowledge gathered while living in Canada. Please always check out the official government website on all things related to visa, permits, immigration, university and college websites, etc for the latest updates, and do your own research with everything.
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Your channel is super helpful, I’m just looking into this. Thanks for sharing 😊
Glad you find it useful, thanks!
Thank you for the valuable info love this video.
Thanks, I appreciate that! Glad it was useful
Do you regularly use a credit card as payment method, in your home country? Are you planning to apply for a credit card here in Canada when you're here?
Hi, very helpful video. We will be moving to Canada next month from The Netherlands and will be using our Dutch credit and bank cards until we switch to the Canadian ones. Just subscribed to your channel and will check it out! Thank you!
@@Friedenreich1970 Thank you! Glad that it was helpful! All the best for your move to Canada!
Great information, thank you.
Glad to hear!
Hi I'm from Philippines, want to buy concert ticket using my sister's credit card RBC. Is it OK to transfer from RBC credit Card to my GCash tho im in Philippines?
Very informative video!
Is credit score quite crucial over there as it is in the US?
Thank you!! :) Yes it is! For getting a loan especially.
How do you spell brim credit card
You said that your new cc has a great rating in the internet. Can you tell more about this rating and how do you choose a cc?
I googled websites that have credit card ratings and card comparisons, and chose the one that best suits my needs (no annual fee, e.g.)
i also applied for that but they are requiring for security fund..newcomer here ar canada
What happens in case I bought something on credit and in few weeks or months,I go and pay it off.What impact does it have to my credit record?
Thank you
You have to make payments before the due date and utilize a small percentage of your credit limit. Never be late on payments, that will negatively impact your credit score.
Very interesting video. I was wondering though… by any chance, do you know about International accounts? I’m coming to Canada this fall, and I want to open an account as a newcomer. Scotia bank offers this service, but I’m a bit confused as I don’t have any document regarding the international account, just an account number. Is it correct or am I being tricked somewhere?
Thank you! I'm not familiar with this international account. In any case, when you open an account here in Canada, you rarely get any documents. You'd usually just get your debit card. Perhaps you can get in touch with their customer service to find out more! Hope that helps!
I got TD Cash Back Visa* Card yesterday, no annual fee. But I have a question, do I need to put money to start using the credit card?
Thanks for sharing that! No annual fee is really great. Is it a regular credit card (not a secured credit card). If it's not a secured credit card you do not need to deposit any money.
I'm not sure. They only put credit limits of 1000 and there's also a available credit of 1000.
How to apply for a credit card? Need to fill some form? Do we get it on the same day when we open account?
Yes, you need to fill out an application. Most banks allow you to fill out the whole application online. For some banks, you'll have a better chance going to the branch as someone will process your application in person. You'll also be able to ask questions to increase the chances of your application being accepted. Some banks will confirm the approval to you immediately, but in most cases it will take about 2 weeks, end-to-end to get your card in the mail, provided all your information is complete.
does scotia bank offer this secured c.c? what is it - Crim Credit Card? thanks
I don't think they do. It's the Brim credit card, I also made a video on that (you can find it in the playlist about finance/budget)
hi can i apply through online?
Yes you can apply online for most credit cards, although sometimes applying in person can have its advantages.