New survey finds Canadians believe credit card fine print is more confusing than taxes, medication labels, and furniture manuals
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Business Wire
Hidden credit card fees are becoming the norm, and Canadians are paying the price, according to new research from Affirm TORONTO--(BUSINESS WIRE)--Credit cards may be one of the most common ways Canadians pay for everyday expenses, but new research from Affirm (NASDAQ: AFRM) shows the terms and conditions behind them are among some of the most confusing everyday documents Canadians encounter. According to a national survey of 1,501 Canadians, only 41% ranked credit card terms and conditions among the top three easiest documents to understand, compared to 72% for medication labels, 69% for furniture assembly manuals, and 42% for tax forms.This confusion is costing people money. Nearly three in five (59%) Canadians say hidden or unexpected credit card fees have derailed their ability to budget, with more than one in three (36%) saying it happens at least occasionally.The Hidden Cost of CreditFor decades, credit cards have been seen as a convenient financial tool, garnering 98% famili
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AFRM
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- 11/6/25 - Beat
AFRM
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- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- AFRM's page on the SEC website