For a credit card, as an unsecured form of credit, that's only one of the factors that we need to think about when considering an individual card type. You also have to think about the benefits, the rewards, the fees and other attributes of those products. We'd have to consider all of those aspects, as well as whether Canadians are paying their monthly balances, in which case, customers pay no monthly interest.
On October 28th, 2024. See this statement in context.