In an effort to ensure that citizens of Quebec keep spending under control and don’t experience financial fallout from credit card debt, Quebec is forcing credit card companies that operate in the province to require that already existing cardholders make a minimum payment of 2.5% of their balance owing. New credit card applicants will have to pay a 5% minimum balance immediately. By 2025, all cardholders in the province will have to pay at least 5% of their balance each month.