Recent Study: Credit Cards in Canada
Credit card issuers continue to differentiate their card products using loyalty/reward plans aimed at increasing the average transaction value and attracting high-income card holders. The Canadian credit card landscape is increasingly segmented into two groups: high-income consumers who like to consolidate most transactions to premium high-rewards credit cards and lower-income consumers who tend to minimise credit card transactions for fear of high interest rates. Typical benefits offered by...
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