Editorial Guidelines

The Snappy Rates team works to provide you with the most accurate, up-to-date information on personal finance products in Canada. On our site, you’ll find comparisons between the best credit cards, bank accounts, insurance, and more.

Our Mission

Our mission is to make Snappy Rates your go-to resource for everything personal finance-related in Canada. We strive to find you the best rates on credit cards, personal loans, bank accounts, and insurance products. 

Our Values 

Honest. We write reviews based on our personal thoughts and experience with each financial product. Each product review goes through a rigorous rating methodology based on its category, and writers give their honest feedback. Whenever applicable, we point out the drawbacks and discuss alternative products that might work better for you. 

Non-biased, objective reviews. We don’t review products just to make money from them. We work hard to review various credit cards, personal loans, insurance companies, and more to give you a diverse range of options. 

Up-to-date, fact-checked information. We only take information from reputable sources, such as the financial company’s website, to provide you with accurate information. We review our articles often, updating them if any facts or details have changed. 

Accessible. We strive to make our content as accessible as possible. Even if you are unfamiliar with financial jargon, you can understand what we’re talking about.

Reader-focused. We only review and recommend credit cards, bank accounts, and other financial products that benefit you and that we would personally use. We provide alternative options and detailed comparisons with other similar products so that you can make the most informed decisions possible. 

Unique content. We develop original, unique content that we feel is the most relevant and informative to our readers. 

Rating Methodologies

Here are a few systems we’ve created to give you the best objective reviews and comparisons. 

Our Credit Card Rating System

The Snappy Rates team reviews the best credit cards in Canada based on the following factors:

  • Annual fees
  • Interest rates
  • Rewards value 
  • Welcome bonus offers
  • Value of standard offers
  • Relevant perks
  • Insurance coverage

We evaluate each type of credit card differently and allocate higher weightings to standard perks, e.g. cash back, travel rewards, no annual fees, low interest, etc., and the long-term rewards value of the card. 

Feedback received from readers is used to further refine credit card ratings over time.

While we recommend these credit cards, they may not be suitable in some cases. Carefully read the updated details and the terms and conditions for each credit card on the financial institution’s website.

Our Bank Account Rating System

We rank bank accounts in Canada based on these important factors:

  • Minimum balance requirements 
  • Transaction limits
  • Service fees
  • Monthly or yearly account fees 
  • Benefits
  • Welcome bonuses
  • Savings and interest rates
  • Convenience 
  • Availability of mobile apps
  • Access to customer support

We evaluate each bank account carefully and only recommend accounts we would use. As you’ll be using bank accounts for a long time, we place more emphasis on the long-term overall value. 

We recommend bank accounts based on our research and opinions, but they may not be right for you. Carefully look at all the features and downsides to the bank account you want to sign up for. 

Our Loan Rating System 

We review personal loans based on legitimacy, lender reputation, and a few other important factors, such as:

  • Interest rates (APRs)
  • Loan amounts
  • Loan terms
  • Affordability
  • Types of loans offered
  • Other fees 
  • Ease of application
  • Financial resources and support

While we recommend these lenders, they may not be right for you. Carefully consider your options before applying for a loan. Also, visit the provider’s website to learn about their terms and conditions. 

How We Make Money

Snappy Rates is reader-supported. This means that if you click on some of our links and open an account or purchase a product, we may earn a commission. This does not affect the objectivity of our evaluations.

For more information, please read our disclosure or visit our about page.