Whatever you don’t pay starts racking up interest charges, typically at extremely high rates of 20% or more annually. This makes using a credit card both flexible and a bit dangerous.

Best for cash back Koho E ssential At a glance: If you’re looking for the best cash back debit card in Canada, this full-service account is it. While not technically a debit account, it ...

Some bank-issued cards can be used as either a debit card or a credit card. If your debit card has a Mastercard or Visa logo, for example, you can typically use it as either type of card.