Impressed by the number of plan options to choose from? Don’t miss this offer from Desjardins, specially designed for newcomers to Canada. It will help you get off to a great start thanks to a bank account that includes unlimited free transactions for one year (with certain conditions) and a host of other benefits.
- Set a realistic credit limit on your card (an amount you’ll be able to repay within 30 days)
- Opt for a card with no annual fees
- Always pay 100% of the amount owing every month
- Set up automatic monthly payments
- Never use your card to withdraw money
As soon as you borrow money or open an account with a company (for your cell phone, Internet, electricity, etc.) for the first time, a credit report will automatically be created in your name. This report records your financial history and behaviour, and is used as a reference by lenders to make decisions on requests for financial support.
Check out this article on opening your first bank account and you’re in business!