Credit cards are one of the most common sources of borrowing in Canada. They are a flexible, easily accessible credit form that serves as a benchmark for many people’s borrowing.

In this video, we start by looking at the benefits of a credit card as a payment method. Next, we review important credit card terms like credit limit, balance, minimum payment, and interest. Then, we look at how to choose the right credit card for your needs. finally, we look at alternate forms of credit that are available in Canada, like personal loans and lines of credit.