Increased Rates The annual interest rates will increase when the minimum payment is not made by the due date indicated on the monthly statement: (i) for 2 consecutive months; or (ii) 3 times during any 12-month period. Any missed payment during a 12-month period is counted, even if the missed payment has already been counted to increase the rates in the past or has occurred during such a period.
The annual interest rates will be increased to 24.99% for purchases and to 27.99% for balance transfers and cash advances. These increased rates will take effect on the 3rd statement period following the default that caused the rate to increase. These increased rates will apply to your account balance until you make the minimum payment no later than on the due date indicated on your monthly statement for a period of 9 consecutive months. Subsequently, the regular rates will apply, regardless of whether a promotional or reduced rate was in effect prior to the rate increase.
Annual fees will appear on the 2nd statement following the issuance of the card, and once a year thereafter, on the anniversary of this 2nd statement, whether the card is activated or not.
(1) No fee will be charged for a transaction carried out within 30 days following the issuance of the monthly statement. (2) Fee may be reduced if a promotional offer is available and will be disclosed at the time the offer is made. * Part of the MasterCard Network or Interac Network** or THE EXCHANGE** Network. ** Trademarks of Interac Inc., MasterCard International Inc., Cirrus System Inc. and Fiserv EFT. Authorized user: National Bank of Canada. *** Part of the MasterCard Network of Cirrus Network**..