New Credit Card Rules for Canada – Will They Change Your Spending Habits?
Credit card companies often keep the fine print really fine. A lot of people don’t read the fineprint and really don’t consider how much they’re spending on interest. One of the new regulations in Canada is the fact that Canadian credit card statements will now demonstrate how long it will take you to pay off your credit card balance if you just make the minimum payment.
A lot of people don’t read their entire agreement and a lot of people don’t quite understand the terms. Will seeing how long it’ll take you to pay off that credit card help you be more incented to pay it off sooner?
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