Regular Rates (in effect at the issuance of the card unless a promotional rate applies).
Promotional Rate For Balance Transfers and Cash Advances A promotional rate of 3.9% is available for the first 6 billing cycles (subject to a separate credit approval). The card could be issued without the promotional rate. At the end of the promotional period, the interest rates indicated above will apply to balance transfers and cash advances on your next statement.
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.
At least 21 days on purchases if you pay your full balance by the due date indicated on your monthly statement (no grace period applies to balance transfers and cash advances).
Your minimum payment will correspond to 3% of your account balance plus any amount already due or $10, whichever amount is greater. If your account balance is lower than $10, you must pay the entire balance. If amounts are charged to the account in breach of the provisions of the cardholder agreement, your minimum payment will correspond to 3% of the account balance or the amount charged to the card in breach of the provisions of this agreement, whichever amount is higher.
Foreign currency transactions will appear on your statement in Canadian dollars. A transaction in US dollars will be converted to Canadian dollars at the exchange rate established by MasterCard Worldwide, plus 2.5%. A foreign currency transaction, other than in US dollars, will first be converted into US dollars at the exchange rate established by MasterCard Worldwide. This amount will then be converted to Canadian dollars at the applicable exchange rate established by MasterCard Worldwide, plus 2.5%. The applicable exchange rate is the rate in effect at the moment the transaction is posted to your statement, whether it consists of a debit or a credit.
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.
Posted to your account on the day of the transaction:
(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**.