There are millions of active Visa, MasterCard and American Express credit cards in circulation across Canada. You many even have one or two in your wallet, as the credit card has become the instrument of choice for many Canadian consumers.
However for some, the costs associated with using their credit card can lead them to a troubled financial future. Understanding the fine print in the cardholder agreement can save money now and offset future difficulties. The first rule of credit card use – check your cardholder agreement for details.