1. Credit Card Planning Project By: Lorne Chauvel

2. TD Cash Back MasterCard Annual fee: zero fee Interest: Purchases 19.99% Interest: Cash Advances 22.99% Main benefit: 0.75% cash back of purchases

3. Simply Cash American Express Annual fee: zero fee Interest: Purchases 19.75% Interest: Cash Advances 21.99% Main benefit: 5% cash back in first 6 months (up to $250 cash back) and 1.25% cash back after welcome rate (no limit to cash back) Insurance coverage

4. TD Aeroplan Visa Infinite Card Annual fee: $120 Interest: purchases 19.99% Interest: Cash Advances 22.99% Get 25,000 miles welcome bonus Main benefit: Earn Aeroplan Miles on every purchase you make on your Card plus receive valuable Air Canada® benefits and an extensive suite of travel insurance. including 15 days of Travel Medical Insurance. Value of reward: -1.5 miles per $1 spent on gas, grocery, drug store and online purchases at AirCanada.com5 made using your Card -1 mile per $1 spent on all other purchases made using your Card6

5. Something to buy with a credit card Apple ipad air 32 GB with Wifi – Space Grey Why: my laptop is really slow and bad so I need something to do work on and still have it be really light Cost: $514.10

6. Paying with American express simply cash Initial Balance $514.00 Minimum Payment ▼ Fixed Payment ▼ Debt Management Program* Debt Management Program* ▼ Monthly Payment2.5%$150.00$10.71 Interest Rate19.75% 0% Months to Payout95448 Total Interest Paid$477.51$19.71$0.00 Payment Schedule Using minimum payments of 2.5%, it will take you 95 months to get rid of your debt, and you will pay$477.51 in interest. Using fixed payments of $150.00, it will take you 4 months to get rid of your debt, and you will pay$19.71 in interest. Using the CREDIT CANADA DEBT SOLUTIONS Debt Management Program*, your monthly payments will be $10.71, it will take you 48 months to get rid of your debt, and you will pay $0.00 in interest.

7. Paying with TD Aeroplan Visa Infinite Card Initial Balance $514.00 Minimum Payment ▼ Fixed Payment ▼ Debt Management Program* Debt Management Program* ▼ Monthly Payment2.5%$150.00$10.71 Interest Rate19.99% 0% Months to Payout97448 Total Interest Paid$492.04$19.96$0.00 Payment Schedule Using minimum payments of 2.5%, it will take you 97 months to get rid of your debt, and you will pay$492.04 in interest. Using fixed payments of $150.00, it will take you 4 months to get rid of your debt, and you will pay$19.96 in interest. Using the CREDIT CANADA DEBT SOLUTIONS Debt Management Program*, your monthly payments will be $10.71, it will take you 48 months to get rid of your debt, and you will pay $0.00 in interest.

8. What one I would pick If I were to pick a card to pay for my ipad I would use the American express simply cash card because interest will be $15 dollars cheaper and I would pay it off in two less months at a rate of 2.5% per months But if I pay $150 dollars a month I will pay it off in 4 months and only pay $19.71 in interest Also I will get 5% cash back witch is $25 dollars

9. Would I use a credit card in the future I can see my self using a credit card in the future. But I don’t see me using it to often. I would only use it to buy something if I know I have the money to pay it back right away. This is because I don’t want interest and debt to catch up with me in the future. But most of the time I will hope to pay in cash or check. But one other reason why I would pay with a credit card is most of them when you buy something there will be insurance on it so if it gets damaged or stolen I will have some coverage. One other reason is I could get some money back from cash back ultimately save me some money in the future.