I want to get a credit card

How do you get a credit card?

Prepare yourself to get your first credit card. Do you meet the winning conditions?

You have reached 18 years of age

Most credit card issuers require that the main cardholder be at least 18 years old.

You must have a good credit rating

If your bank account has ever been "in the red", or you have ever made payments late, there is a risk that you might be denied a credit card.

How to check your credit record

You need to shop around

What interest rate is being offered? Will you have to pay an annual fee? Is there a rewards program or travel insurance you can use while traveling outside Québec? Compare various credit cards to find out which one suits you best.

Setting your limit

You are not required to accept the credit limit that you are offered. Keep in mind that this is a debt, and you need to have the means to pay it back. Determine in advance how high a credit limit you can afford. Use the credit card calculator to discover what amount you will have to pay every month if you use your entire credit limit, and to see whether you can still keep paying your other expenses.

Knowing how to avoid problems

Here are a few tips for avoiding them:

  • Pay your bills on time
  • Check all your statements for errors, or possibilities of fraud
  • Do not try to exceed your credit limit
  • Pay the full amount owing as often as possible, ideally every month