Credit cards
How cards work: balances, interest, fees and picking the right one.
- How credit card interest works in Canada Your bank turns your card's yearly rate into a daily rate and charges it on what you owe each day, then adds it to your statement once a month. Checked Nov 9, 2026
- Statement balance vs current balance: which one should you pay? Pay your statement balance in full by the due date and you pay no interest on those purchases. Checked Nov 9, 2026
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Guides never rank cards. When a guide names a card, the numbers come from the same math as the cards list.