What are the annual interest rates for the President’s Choice Financial Mastercard?

Standard Rate

• Purchases interest rate: 21.99%

• Cash Advance interest rate: 22.97% (in Quebec, 21.97%)

Basic Rate (not available in Quebec)

• Purchases interest rate: 26.99%

• Cash Advance interest rate: 27.97%

Your Purchase and Cash Advance interest rates may change in accordance with the Cardholder Agreement. These annual interest rates may be increased in the following instances as indicated below, if your Annual Interest Rates are lower than the rates below at the time of the increase.

We may, with prior notice, increase your Purchases and Cash Advance rate to the Performance rate of 26.99% for Purchases and 27.95% for Cash Advances following a review of:

• your account use (including if you exceeded your credit limit or had any dishonoured payments), or

• your credit bureau reports and credit history; and

Your interest rates will increase to the Default rate of 26.99% for Purchases and 27.97% for Cash Advances if you:

• do not make the minimum payment by the due date for two consecutive months, or

• are not in full compliance with the terms of your cardholder agreement.