Available Canadian credit cards are now more versatile and convenient than before, as a response of credit card issuers to today's growing competition.

Nowadays, there are credit cards to fit almost any Canadian's needs, all of them offering a wide range of different interest rates and additional costs, as well as per-purchase rates. Most of them also include a great feature: the absence of an annual fee.

Whether you are looking for a gas rebate card, a cash back credit card, or if you are a frequent flyer and want to take advantage of that by earning mileage points to redeem later, there is always a card for you.

Most Canadian credit cards let you borrow money not only by using a Banking Machine (which are open all day and night, by the way), but also writing a cheque. This comes in very handy when you are in a place where there is no banking machine available, or when the only one you could find is broken or out of order.

Transferring funds is also very easy, as a vast majority of Canadian creditors have a website with full online banking capability in addition to the now very common phone banking service. Any of these services can be used to make your credit card payments too.

Due to the convenience of credit cards (it is safer to carry a credit card than carrying cash), they are used by everyone in Canada, from students to business people. Many Canadian credit card issuers also offer a valuable service: account overdraft protection.

This great feature allows you to avoid the uncomfortable situation of having a payment refused due to lack of funds in your account (we all know sometimes it happens, mostly when we have unexpected expenses).

With these great features (and many more), it is not a surprise that Canadian credit cards are used by almost every Canadian.