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Credit card churning can hurt your credit score if you’re not careful. That’s because credit card churning is the act of frequently applying for new credit cards just to get generous welcome offers. Then you cancel the card before the annual fee is due. Not only does the practice subject you to multiple hard credit […]

There is no universal minimum credit score for renting an apartment in Canada. While most landlords prefer a good credit score of at least 660, a lower score won’t automatically disqualify you. The minimum credit requirements vary widely among landlords as well as rental markets across the country. In this article, we’ll explore everything you […]

Homebuyers are often left scratching their heads, wondering “What is the minimum credit score for a mortgage in Canada?”. In most cases, you need a credit score of at least 680 to qualify for a mortgage through a traditional lender. If your credit doesn’t stack up, there are alternative options available. Whether you’re a first-time […]

Understanding how a credit score is calculated in Canada is essential to your financial health. This three-digit number determines your ability to access loans, credit cards, and even rent an apartment. In Canada, credit scores are primarily determined by two major credit bureaus: Equifax and TransUnion. While they both consider many of the same borrowing […]

Interactive Brokers is a publicly-traded company (IBKR), and its online brokerage platform contains several features, not found in some of the industry’s biggest players. Over the course of my career, I’ve had the opportunity to try out several brokerage platforms. I have to say that Interactive Brokers is one of a kind. Here’s a review of […]

In collaboration with Neo Financial Traveling can be an expensive endeavor. For instance, a round-trip flight from Canada to Mexico typically costs around $1,200 for one person, exclusive of other expenses. Costs extend beyond airfare to include accommodations and various activities. Most travel hacks help you find cheaper prices, but how do you save money […]

The minimum credit score for credit card approval in Canada is roughly 660. However, this is not set in stone. It depends greatly on the type of credit card you’re applying for and the issuing financial institution. Other factors also come into play like your income, employment history, and debt load. It can also depend […]

I signed up for the Neo Money Card, commonly referred to as the Neo prepaid card, to see if lives up to the hype. It comes automatically when you open a Neo Money Account and gives you instant access to your cash. A year later, I love this card and use it frequently. It earns […]

At Hardbacon, we like to share content that helps you bring home the bacon. And a lot of this content is created by Canadian influencers, who also want to help you get richer. So we decided to compile a list of Canadian money influencers that are trending. Here it is! Kevin O’Leary Best known as […]

Credit card updater services are the reason I have trust issues. When your credit card information changes, these programs send your new card details to merchants on your behalf. But you probably have no idea it’s happening. Sure, it prevents service interruptions if your card expires. And you don’t have to update all your subscriptions […]

Ah, credit, where would we be without it? If you are reading this, we can presume that you have a credit score in the 500 range or are just curious about what options are available. In either case, you are in the right spot. Can you take out a mortgage with a credit score of […]

Cars cannot escape inflation. On the contrary, they contribute to it! In 2024, the average cost of owning a vehicle in Quebec is $1,302 per month, compared to $773 per month in 2019. If you buy your car this year and keep it 7 years, you will spend a total of $112,284 taking into account […]