BEFORE CONTINUING WITH THE APPLICATION, PLEASE READ THE FOLLOWING INFORMATION BOX CLOSELY AS IT CONTAINS IMPORTANT DETAILS CONCERNING THE EDITION NATIONAL BANK MASTERCARD CREDIT CARD
Annual interest rates

Rates in effect at the date the card is issued, except if a promotional rate applies:

Edition Card Purchases Balance transfers and cash advances
Regular rate
19.99%
21.99%
Reduced rate
14.5%
14.5%

Promotional Rate For Balance Transfers and Cash Advances
A promotional rate of
3.9% applies to balance transfers and cash advances for the first 6 billing cycles, subject to a separate credit approval, which means that the card could be issued without the promotional rate. At the end of the promotional period, the interest rates indicated in the table above will apply to balance transfers and cash advances on your next statement.

Increased Rates
The annual interest rates will increase if the minimum payment is not made at the latest on the due date indicated on the monthly statement: (i) for
2 consecutive months; or (ii) 3 times or more during any 12-month period. Any default which occurs during a 12-month period is counted, regardless of whether or not the default 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 26.99% for balance transfers and cash advances and 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 6 consecutive months. Subsequently, the regular rates of 19.99% for purchases and 21.99% for balance transfers and cash advances will apply, regardless of whether a promotional or reduced rate was in effect prior to the rate increase.

Interest-free/ Grace period You benefit from a grace period of at least 21 days if you pay your full balance at the latest on the date indicated on your monthly statement of account. No grace period applies to cash advances and balance transfers.
Minimum payment Your minimum payment will correspond to 3% of your account balance plus any amount already due or $10, whichever amount is higher (unless your account balance is lower than $10, in which case you must pay the entire balance). If amounts are charged to the account in breach of the provisions of the agreement governing the use of the card, 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 conversion Foreign currency transactions will appear on your statement in Canadian currency. A US currency transaction will be converted to Canadian currency at the exchange rate established by MasterCard Worldwide, marked up by 2.5%. A foreign currency transaction other than in US currency will first be converted into US currency according to the exchange rate established by MasterCard Worldwide. The amount thus converted into US currency will then be converted to Canadian currency at the applicable exchange rate established by MasterCard Worldwide, marked up by 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
Card Main card Additional card
Edition with Cashback and regular interest rate $0 $0
Edition with Cashback and reduced interest rate $20 $0
Edition with A la carte Rewards Plan and regular interest rate $20 $0
Edition with A la carte Rewards Plan and reduced interest rate $40 $0

Fees shall appear on the 2nd statement issued by the Bank 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.
Other fees

Posted to your account on the day of the transaction:

  • Additional copy of sales slip or monthly statement: $5.00 (1)
  • Cheque issued for a credit balance: $5.00
  • Fees for dishonoured account payments: $42.50
  • Fee for balance transfers:
    • Requested when the MasterCard account is opened: 1% of the amount of the transaction
    • Requested after the opening of the MasterCard account: 3% of the amount of the transaction (2)
  • Fee for use of MasterCard cheques: 3% of the amount of the transaction (2)
  • Fees for cash advances (per transaction):
    • National Bank ATMs and tellers: $3.50
    • Other financial institutions in Canada (tellers* and Interac**): $3.50
    • Other financial institutions outside Canada (tellers* and CIRRUS**): $5.00