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Debt Burden, Merchant Surcharges and Declining Financial Outlook Temper Credit Card Customer Satisfaction in Canada, J.D. Power Finds [Yahoo! Finance]
Last american express company earnings: 4/24 07:00 am
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US:NYSE Investor Relations: ir.americanexpress.com
TORONTO, September 10, 2025 BUSINESS WIRE )--Persistently high incidence of revolving debt and deteriorating financial health have started to affect the way credit cardholders in Canada use their cards. According to the J.D. Power 2025 Canada Credit Card Satisfaction Study, SM released today, 58% of credit card customers are now categorized as financially unhealthy—up from 57% in 2024—and 36% of customers are carrying revolving debt—flat from a year ago. These, and other consumer headwinds, such as merchant surcharges, have conspired to put a strain on customer satisfaction and reduce overall credit card spending. "The macroeconomic situation in Canada is increasingly unpredictable and credit card customer behaviour is starting to shift in meaningful ways, notably with less overall spending and a higher likelihood of switching to debit card or cash purchases when merchants apply credit card surcharges," said John Cabell, managing director of payments intelligence at J.D. Power . "W
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