Defense and Compliance Attorneys
Secure Complaint RMAI Certified BrokerSource: site
Starting August 1, Quebecers will be required to pay at least 5% of their monthly credit card balance.
This is a 0.5% increase from the current minimum of 4.5%. The change applies to credit cards with contracts signed before August 2019.
Introduced in 2019 to help reduce debt, the measure has gradually increased the minimum payment by 0.5% each year, reaching the final target of 5% in 2025.
For more information and tips on managing your credit, visit the Quebec government’s official website
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Defense and Compliance Attorneys