You must be 19 years old to get a credit card in BC. Credit cards are convenient, but they can lead to money problems if you don’t use them cautiously. Credit cards are NOT free money. They simply provide temporary credit that must be paid back – the sooner, the better.
There are a lot of credit cards out there. To find the right one for you, consider:
Make sure you understand all of the terms and conditions in the credit card contract. Before you sign the agreement, you should know the interest rate, if there are annual fees and if there are minimum monthly payments. Here are some additional tips to help you manage credit cards:
Used wisely, your credit card will help you build a good credit history that will help you when you apply for a mortgage or a loan. On the other hand, if you are late or miss your monthly payments, this can hurt your future access to credit.
If you lose a credit card or if you suspect that someone else is using it for unauthorized purchases, call the credit card company immediately. Cancel the credit card.
IMPORTANT: This page provides legal information, not legal advice. If you need legal advice consult a lawyer.
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