|Annual Interest Rate|| |
Preferred Rate for Purchases : 19.99% effective from the day account is opened.
Preferred Rate for Funds Advances: 21.99% effective from the day account is opened.
Interest rate will increase to the Standard Rate of 23.99% for the next 12 billing periods if in any 12 month period you have 2 separate Missed Payments.
Interest rate will increase to the Basic Rate of 26.99% for the next 12 billing periods if in any 12 month period you have 1 Missed Payment that remains unpaid for 2 or more consecutive billing periods or if you have 3 or more separate Missed Payments.
"Missed Payment" means we did not receive the minimum monthly payment by the date of the next billing statement.
|Interest-free Grace Period|| |
21 days on new purchases from the Closing Date on your statement if we receive payment in full by the payment due date. There is no interest-free grace period for funds advances, Amex cheques and balance transfers if offered.
|Minimum Payment|| |
Greater of $10 or 3% of your outstanding balance (or entire new balance if it is less than $10 ) plus any previously unpaid minimum payments.
|Foreign Currency Conversion|| |
Charges in a currency other than Canadian dollars will be converted into Canadian dollars on the date we process the charge. If the charge is not in U.S. dollars, it will first be converted to U.S. dollars and then into Canadian dollars. If the charge is in U.S. dollars, it will be converted directly into Canadian dollars. Conversion rates are based on interbank rates selected from customary industry sources on the business day prior to the processing date, increased by a single conversion commission of 2.5% of each charge. Any conversion commission charged on the original charge will not be returned on a refund.
|Annual Fees|| |
Basic Card: $150; Supplementary Cards: $50 each. Charged on 1st statement after Card issued and once a year thereafter (regardless of card activation).
|Other Fees|| |
Charged on the day the transaction occurs except as noted:
Funds Advance: $2.75 each
Dishonoured Payment: $25 each
Statement Reprint: $3 per statement
Starpoints Reinstatement: $20 for each reinstatement through Online Services or $30 for each reinstatement through other service channels (plus applicable taxes)
Overlimit: $29 when you exceed your credit limit and at the end of each subsequent billing period if you remain overlimit
Balance Transfer/Amex Cheque: up to 3% of the amount of each balance transfer and Amex cheque, if offered, unless reduced for a specific offer.
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