|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:
Promotional Rate For Balance Transfers and Cash Advances
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.|
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.
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.