What are the annual interest rates for the President’s Choice Financial Mastercard?
Purchases rate in effect when your account is approved: 20.97%
Cash Advance rate in effect when your account is approved: 22.97%. In Quebec, 21.97%.
Promotional balance transfers: 0.97% for 6 months for balance transfers¹ made within 90 days of account approval.
We may, with prior notice, increase your Purchases and Cash Advances rate to the Performance rate of 25.95% for Purchases and 27.95% for Cash Advances following a review of:
Your account use (including whether you exceeded your credit limit or had any dishonoured payment transactions), or
Your credit bureau reports and credit history.
Your interest rates will increase to the Default rate of 25.97% 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.