About

A plain-language guide to credit cards in Canada

CrediTutr teaches you how credit cards work, so you can read a statement, avoid the costly traps, and pay down a balance on your own terms.

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What CrediTutr is

CrediTutr is a free course on credit card rules in Canada. It explains interest, the grace period, fees, and how to pay down a balance, using one fictional statement that every lesson refers back to.

You learn in short lessons, check your understanding with quizzes, and practise with scenarios. Questions you miss come back on a schedule, so the rules stay with you.

Who it is for

People getting their first credit card.
People who carry a balance and want a clear plan to pay it down.
Anyone who wants to read a statement with confidence.

No background in finance is needed. Each term is defined in the glossary, and each lesson starts from what you already know.

What is inside

The course has 16 modules in four stages. Work through them in order, or start where you need to.

Stage 1

Foundations

4 modules: how credit works, card anatomy, reading a statement, the float

Stage 2

Everyday use

5 modules: rewards, fees, cash advances, subscriptions, rules and protections

Stage 3

Managing balances

3 modules: paying down a balance, promotional rates, hardship

Stage 4

Protecting and building credit

4 modules: scams, credit scores, credit limits, authorized users

Each lesson includes practice scenarios, each stage ends with a check, and there is also a statement reference page, a payoff calculator, and a glossary.

How the teaching works

One statement throughout. Every lesson uses the same fictional statement, so each figure you learn to read is one you will see again.
Quizzes. Short checks after the lessons show which answers were right and why.
A review queue. Missed questions return after one day, three days, then a week.
Payoff calculator. See how a monthly payment changes the time and interest needed to clear a balance.

Where the rules come from

Rules are checked against Canadian official sources, including the Financial Consumer Agency of Canada (FCAC) and the Ombudsman for Banking Services and Investments (OBSI). Points that are not yet confirmed are listed on the Getting help screen, with links to their sources.

Check your own cardholder agreement for the terms that apply to your card.

What it is not

CrediTutr is an educational course. It is not financial advice or legal advice, and it does not recommend any product or bank. The Unreal Bank statement and the people in it are fictional.

For decisions about your own money, speak with a qualified adviser or a nonprofit credit counselling agency.

Your data and privacy

Without an account, your progress is saved only in your browser. With an account, your progress is saved to your account so it follows you to other devices.

We store only what the course needs to save your progress and sign you in. Read the privacy section of the terms for details.

Accessibility and devices

CrediTutr works on phones, tablets and computers. The navigation stays on the left at every screen width, and text can be enlarged to the browser's maximum zoom without breaking the layout.

[To confirm after testing: keyboard and screen reader use, and the accessibility standard the course is checked against]

Last reviewed

Content last reviewed: October 2026
Statement figures: Fictional, for teaching only