Credit Cards Archives - The Dividend Ninja

Are Reward Credit Cards Worth the Cost?

Canadian Credit Card Debt According to David Trahair, in his recent book Crushing Debt, the average Canadian has approximately $25K in household consumer debt (credit cards and lines of credit).This amount was provided from a TransUnion independent report, and doesn’t even include any mortgage debt. Trahair went on to examine the report in detail, which came to the independent conclusion that most Canadian household debt was likely being carried on lines of credit to pay off credit cards (Crushing Debt, pg.78).But for those without lines of credit, it’s not such a good deal. The Prime borrowing rate in Canada for …

Paying off Debt is the BEST Investment

by Guest Ninja

The following is a guest post. If you’d like to guest post on the Dividend Ninja, be sure to check out our Guest Posting Guidelines. I firmly believe that paying off debt is the best investment with the greatest rate of return. For every dollar that you pay back in debt on top of your minimum payment, that’s less money you will give to your creditor. This does not mean I don’t believe in investing, but rather I want to take care of my priorities first. There are other reasons why I think eliminating your debt is a great investment. …

The Credit Card Industry: Dividend Yields Worth Pursuing?

by Dividend Ninja

This is a guest post by Michael Dolen, who runs Credit Card Forum, a website for credit card deals & discussion. For many Americans and Canadians, credit cards have become a way of life. By that I don’t necessarily mean for carrying debt (most don’t) but rather using them to pay for practically everything. I definitely fall into that category… it’s not uncommon for several weeks or even months to go by without ever spending cash. From a lending perspective, that lifestyle isn’t attractive when there’s no balance is carried and hence, no interest paid. However on the flip-side, it’s …