SUMMARY OF THE TERMS AND CONDITIONS OF THE CREDIT CARD (information box)
Annual interest rates

Regular interest rates:

Cards Purchases Cash advances and balance transfers
mycredit, Allure, MC1, ECHO Cashback, Platinum, World and World Elite 20.99% 22.49%
Syncro Prime rate + 4.00%
(minimum rate: 8.90%)		 Prime rate + 8.00%
(minimum rate: 12.90%)

The prime rate is the annual variable interest rate that we announce publicly from time to time, which is used to determine the interest rate on demand loans we grant in Canadian dollars. It can be found on our website at www.nbc.ca. Minimum rates are the interest rates in effect as at May 1, 2025.

Transactions charged to your account accrue interest at the annual interest rate.

Regular rates apply as of the day the card is issued, unless a promotional or reduced rate applies.

Increased rates:
Cards Purchases Cash advances and balance transfers
mycredit, Allure, MC1, ECHO Cashback, Platinum, World and World Elite 25.99% 27.49%
Syncro Increased rates correspond to the interest rate in effect at the time of the 2nd missed payment, increased by 9.00%.

Your interest rates will rise to the increased rates if you do not make your minimum payment by the due date twice over a 12-month period.

The increased rates will take effect on the 3rd statement period following the 2nd missed payment.

The increased rates will apply to your account balance until the minimum payment is made by the due date indicated on the monthly statement for 9 consecutive months. After this period, the regular rates will apply, regardless of whether a promotional or reduced rate was in effect prior to the rate increase.

Any missed payment during a 12-month period is counted. A missed payment that has already resulted in an increase in your rates may therefore be counted twice if another missed payment occurs in the next 12 months.
Interest-free period (grace period)

Purchases

You have a grace period of 21 days following the end of each statement period to reimburse the purchases made during this statement period. The grace period ends on the due date shown on each statement. If you pay off your purchases in full before this date, you will not owe any interest.

If you do not pay off your total balance before the due date, interests on these purchases will be charged on your next statement. Interest will be calculated from the date the purchases were charged to the account until the balance is paid in full.

Cash advances and balance transfers

There is no grace period for cash advances and balance transfers.

Interests begin to accrue the day the transaction is made.
Minimum payment

If you reside in the province of Quebec, your minimum payment corresponds to 5.00% of your account balance. If you reside in a province other than Quebec or a territory, your minimum payment corresponds to 2.50% of your account balance.
Special conditions to the minimum payment:

- Any late payment is added to the minimum payment amount.

- If the minimum payment calculation is less than $10.00, the minimum payment will be $10.00.

- If the total balance of your account is of less than $10.00, the total balance represents the minimum payment.
Foreign currency transactions

A transaction made in a foreign currency will appear on your statement in Canadian dollars.

To convert the amount of a transaction in a foreign currency to Canadian dollars, we use the Mastercard daily exchange rate. The conversion takes place at the latest of the date the transaction is made or, the date the transaction is posted to your account. A 2.50% fee will then be charged on the amount converted in Canadian dollars.

A transaction includes a debit or a credit to your account. The applicable exchange rate may therefore be different depending on the date and time of the transaction.
Annual fees
Cards Main card Additional card
mycredit, Allure and MC1 $0.00 $0.00
ECHO Cashback $30.00 $0.00
Syncro $35.00 $0.00
Platinum $70.00 $35.00
Platinum for privilege offers for students $0.00 for the first three years, then $70.00 $0.00 for the first three years, then $35.00
World $115.00 $35.00
World Elite $150.00 $50.00
Annual fees will appear on the 2nd statement after the card is issued, whether the card is activated or not. Afterwards, they will be charged annually on the anniversary of the 2nd statement.

For the Platinum card for students, the annual fee will be charged on the statement following the 3rd anniversary date of your account, whether or not the card is activated. Thereafter, once a year on the anniversary date of your account.
Other fees

Overlimit fees:

- Residents of a province other than Quebec or a territory $29.00 (charged once per statement period, when the balance exceeds the credit limit on the date of the statement) (1)
- Residents of Quebec $0.00
(1) Not applicable for the World Elite card.