Credit Cards

What's a good rate for a line of credit?

  • Last Updated:
  • Jan 4th, 2023 4:11 pm
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[OP]
Member
Sep 29, 2022
215 posts
157 upvotes

What's a good rate for a line of credit?

Going on vacation in March and want to setup a slush fund just in case.

My bank is offering me: 9.95% (prime* + 3.50%) -- which seems kinda high.

I'd rather liquidate part of my TFSA than pay 10%.
2 replies
Member
May 29, 2017
489 posts
381 upvotes
Have you compared other rates with other institutions I.e credit unions? Or was the best you found with your bank?

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