In Canada, credit cards are a popular payment method that allows consumers to make purchases on credit, with the option to pay back the balance over time. Credit cards are issued by various financial institutions and come with different features such as rewards programs, low interest rates, and cash back offers. To obtain a credit card, applicants must meet certain criteria such as having a good credit score, stable income, and a Canadian residency. It’s important for consumers to use credit cards responsibly and make timely payments to avoid high interest charges and potential damage to their credit score.
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