Canadian credit card overdue record is 5 years old. The analysis needs to be elaborated from the following three aspects.

First of all, overdue credit cards in Canada will be directly recorded for 5 years, mainly to better urge the parties to abide by their credit.

Secondly, after a credit card is overdue for 5 years, the credit record will be automatically restored and returned to a normal state.

Furthermore, after a Canadian credit card expires, you can also repair your credit through a financial institution.

The reasons why Canadian credit cards have overdue records for 5 years:

1. The 5-year period can better record the credit history of the parties.

2. It would be better to re-evaluate the credit of the party after 5 years.

3. Five years can allow the parties to develop new credit habits.