Mmastodon BusinessPersonal Finance first seen 2 d ago, last 4 h ago, peak #2
Quebec raises credit card minimum payments to 5 percent
Original: Canada note: minimum payments are usually a flat amount (often $10) plus interest, or about 3% of the balance. Quebec re
A personal finance reminder circulating online notes that in Canada, credit card minimum payments are usually a flat amount, often around $10 plus interest, or roughly 3% of the balance. In Quebec, the minimum rose to 5% of the balance on August 1, 2025. Cardholders are advised to check their cardholder agreements for the exact formula their issuer uses.
Why now: Quebec's minimum payment increase took effect on August 1, 2025, prompting people to share how it affects credit card bills.
Rank over time, top of the chart is #1. 6 snapshots from 10 h ago to 4 h ago.
Evidence
- Canada note: minimum payments are usually a flat amount (often $10) plus interest, or about 3% of the balance. Quebec residents' minimum went to 5% on Aug 1, 2025. Check your cardholder agreement for your exact formula. # Canada # PersonalFinance · betterhabitsdaily
- Canada note: minimum payments are usually a flat amount (often $10) plus interest, or about 3% of the balance. Quebec residents' minimum went to 5% on Aug 1, 2025. Check your cardholder agreement for your exact formula. # Canada # PersonalFinance · betterhabitsdaily
- Canada note: minimum payments are usually a flat amount (often $10) plus interest, or about 3% of the balance. Quebec residents' minimum went to 5% on Aug 1, 2025. Check your cardholder agreement for your exact formula. # Canada # PersonalFinance · betterhabitsdaily
- Canada note: minimum payments are usually a flat amount (often $10) plus interest, or about 3% of the balance. Quebec residents' minimum went to 5% on Aug 1, 2025. Check your cardholder agreement for your exact formula. # Canada # PersonalFinance · betterhabitsdaily
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