Credit card holders in Quebec who had a credit card prior to August 1, 2019 now must make higher monthly payments, equivalent to 3.5% of the balance owing on their statement. That number goes up to 5% by August 2025.

Moshe Lander, senior lecturer in economics at Concordia University, joins Kristy Cameron to dig into what this means in the current economic climate.

<p>Credit card holders in Quebec who had a credit card prior to August 1, 2019 now must make higher monthly payments, equivalent to 3.5% of the balance owing on their statement. That number goes up to 5% by August 2025.</p>
<p>Moshe Lander, senior lecturer in economics at Concordia University, joins Kristy Cameron to dig into what this means in the current economic climate.</p>

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