|Annual Interest Rate
|These interest rates are in effect the day your account is activated.
Cash Advances: 24.5% Interest is charged from the date of posting to the account until paid in full.
Your interest rate will increase to 24.5% on your next statement if the minimum payment required is not paid by the due date.
|Interest-free Grace Period
You will benefit from an interest-free grace period of at least 25 days if you pay off your balance in full by the due date. There is no interest-free period on cash advances.
||3% or $10
Your minimum payment will be the greater of 3% of the outstanding balance owing and as shown on your monthly statement, or $10.
|Foreign Currency Conversion
We will bill you in Canadian currency if you use your account to make transactions in a foreign currency. We will convert it directly to Canadian dollars at the exchange rate in effect at the time we post the transaction to your account. When the transaction is posted to your account, in addition to the exchange rate, you will be charged a foreign currency conversion of 2.5% for each foreign currency transaction.
||Primary Card: $69.60 ($5.80/month; collected monthly) To be charged on your first monthly statement and monthly on your following statement.
Authorized User Card: $35.40 ($2.95/month; collected monthly) To be charged on the first monthly statement during which the authorized user is added and monthly on each following statement.