The article simply point out that ignorance is alive and well in  Canada. People spend more then they earn and don't come close to paying off the debt with a higher then called for monthly payment, and then seek to blame the credit card companies. In effect the banks behind the credit cards, give you money and they would like it back. There is a fee for using the banks money, spelled out very clearly, if you don't like it, don't use the card, as a credit card isn't your right, it's a privilege. Don't blame financial illiteracy, as this is basic stuff. Simply put it takes discipline not to spend foolishly, and it takes discipline to pay off your debts, neither of which is prevalent among large segments of the population.