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COVID-19 : How does deferring the minimum payment of my credit card work? How do I know if I’m eligible?

This measure has been suspended since July 1st, 2020.

However, if you applied on June 30, 2020 or before and your application was accepted:

  • The minimum monthly payment will be deferred for a period of 90 days.
  • If you received a reduced rate of 10.9%, it will be in effect for purchases and cash advances during the period of 90 days.
  • Once the deferral period is over, you will receive a notification by email or mail indicating the end of the deferral period.
  • As usual, the interest rate applies only to the balance. Please note that no interest will accumulate on the interest.

If your financial difficulties persist, our advisors are here to help you. Contact us at 1-888-622-2783.

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