Common use of INTEREST RATES AND CALCULATION OF CREDIT CHARGES Clause in Contracts

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit charges shall not apply to regular purchases appearing on the account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statement. Otherwise, credit charges are charged on regular purchases appearing on the account statement based on the average daily balance from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statement. However, if the total balance outstanding indicated on a subsequent account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option. b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option. c) Deferred payment financing: credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statement, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statement, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balance”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance is less than $1,000, by way of 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due date. If, between the notice date and the due date shown on the account statement, the cardholder makes a partial payment only of a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be payable according to the monthly amount set for the converted balance as shown on the notice until the balance is paid in full.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit charges shall not apply to regular purchases appearing on the account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statement. Otherwise, credit charges are charged on regular purchases appearing on the account statement based on the average daily balance from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statement. However, if the total balance outstanding indicated on a subsequent account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.919.90% or 12.912.90% if the cardholder benefits from the Low Interest Rate option. b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.919.90% or 12.912.90% if the cardholder benefits from the Low Interest Rate option. c) Deferred payment financing: credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statement, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statement, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balance”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance is less than $1,000, by way of 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due date. If, between the notice date and the due date shown on the account statement, the cardholder makes a partial payment only of a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be payable according to the monthly amount set for the converted balance as shown on the notice until the balance is paid in full.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit charges shall not apply to regular purchases appearing on the account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statement. Otherwise, credit charges are charged on regular purchases appearing on the account statement based on the average daily balance from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statement. However, if the total balance outstanding indicated on a subsequent account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.10.90% b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.10.90% c) Deferred payment financing: credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statement, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statement, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balance”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance is less than $1,000, by way of 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due date. If, between the notice date and the due date shown on the account statement, the cardholder makes a partial payment only of a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be payable according to the monthly amount set for the converted balance as shown on the notice until the balance is paid in full.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit Credit charges shall not apply to regular purchases appearing on the statement of account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statementstatement of account. OtherwiseIf the cardholder makes a partial payment only, then credit charges are charged applied on regular purchases appearing on the statement of account statement based on the average daily balance on account of regular purchases from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. However, if the total balance outstanding indicated on a subsequent statement of account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.915.9% or 12.9% if any other rate that the cardholder benefits from is informed by the Low Interest Rate optionFederation. b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option. c) Deferred payment financing: credit Credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statementstatement of account, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statementstatement of account, it is automatically converted into a purchase by way of equal instalments financing, repayable payable by equal consecutive monthly payments (“converted balancepayments”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of the conversion, by way of 12 equal monthly payments if the balance converted balance is less than $1,000, by way of 24 equal monthly payments if the balance converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the balance converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance payments resulting from the conversion from deferred payment instalments financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due datedate for such purchase by equal instalments financing. If, between the notice date and on or before the due date shown on the account statementstatement of account, the cardholder makes a partial payment only of on a purchase made by way of deferred payment instalments financing, the unpaid balance of such deferred purchase will be converted to equal instalments financing and will be payable according to at the monthly amount set for the converted balance payment as shown on the notice until the balance is paid in full. Annual interest rate: in accordance with the financing plan offered by the merchant, up to a maximum of 15.9%. c) Equal instalments financing: Credit charges are applied on all purchases made by equal instalments financing from the date such purchases are posted to the statement of account until they are paid in full, at the annual interest rate in effect for the financing plan offered by the merchant.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit Credit charges shall not apply to regular purchases appearing on the statement of account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statementstatement of account. OtherwiseIf the cardholder makes a partial payment only, then credit charges are charged applied on regular purchases appearing on the statement of account statement based on the average daily balance on account of regular purchases from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. However, if the total balance outstanding indicated on a subsequent statement of account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.911.9% or 12.915.9% if depending on the cardholder benefits from rate offered by the Low Interest Rate optionFederation. b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option. c) Deferred payment financing: credit Credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statementstatement of account, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statementstatement of account, it is automatically converted into a purchase by way of equal instalments financing, repayable payable by equal consecutive monthly payments (“converted balancepayments”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of the conversion, by way of 12 equal monthly payments if the balance converted balance is less than $1,000, by way of 24 equal monthly payments if the balance converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the balance converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance payments resulting from the conversion from deferred payment instalments financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due datedate for such purchase by equal instalments financing. If, between the notice date and on or before the due date shown on the account statementstatement of account, the cardholder makes a partial payment only of on a purchase made by way of deferred payment instalments financing, the unpaid balance of such deferred purchase will be converted to equal instalments financing and will be payable according to at the monthly amount set for the converted balance payment as shown on the notice until the balance is paid in full. Annual interest rate: in accordance with the financing plan offered by the merchant, up to a maximum of 11.9%. c) Equal instalments financing: Credit charges are applied on all purchases made by equal instalments financing from the date such purchases are posted to the statement of account until they are paid in full, at the annual interest rate in effect for the financing plan offered by the merchant. Annual interest rate: 11.9% or 15.9% depending on the rate offered by the Federation. In all cases, any reversal of payment an any dishonoured payment made by preauthorized debit will generate credit charges at the applicable rate as established in this section as if the payment had never been made. The Federation in not obliged to pay interest on any credit balance. The cardholder acknowledges that credit balances are not deposits and are therefore not insured by any governmental deposit insurance agency.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit charges shall not apply to regular purchases appearing on the account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statement. Otherwise, credit charges are charged on regular purchases appearing on the account statement based on the average daily balance from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statement. However, if the total balance outstanding indicated on a subsequent account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.10.9% b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.10.9% c) Deferred payment financing: credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statement, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statement, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balance”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance is less than $1,000, by way of 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due date. If, between the notice date and the due date shown on the account statement, the cardholder makes a partial payment only of a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be payable according to the monthly amount set for the converted balance as shown on the notice until the balance is paid in full.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit Credit charges shall not apply to regular purchases appearing on the statement of account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statementstatement of account. OtherwiseIf the cardholder makes a partial payment only, then credit charges are charged on regular purchases appearing on the statement of account statement based on the average daily balance on account of regular purchases from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. However, if the total balance outstanding indicated on a subsequent statement of account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or 12.919.4%, and 11.8% if the cardholder benefits from the Low Interest Rate option. b) Cash advances and cheques: Credit charges are charged on all cash advances and cheques are subject to credit charges calculated based on the average daily balance of cash advances and cheques from the date such cash advances are obtained and such cheques are posted to the account, until they are madepaid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. Annual interest rate: 19.9% or 12.919.4%, and 11.8% if the cardholder benefits from the Low Interest Rate option. c) Deferred payment financing: credit Credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statementstatement of account, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statementstatement of account, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balancepayments”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 twelve (12) equal monthly payments if the converted balance payment is less than one thousand dollars ($1,000), by way of 24 twenty-four (24) equal monthly payments if the converted balance payment is equal to or greater higher than one thousand dollars ($1,000 1,000) and less than three thousand dollars ($3,000), or by way of 36 thirty-six (36) equal monthly payments if the converted balance payment is equal to or greater than three thousand dollars ($3,000). Notice to this effect showing the number of payments and the monthly amount of the converted balance payment resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 thirty (30) days before the first payment due datedate for such equal payment financing. If, between the notice date and on or before the due date shown on the account statementstatement of account, the cardholder makes a partial payment only of on a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be converted to equal instalments financing and will be payable according to at the monthly amount set for the converted balance payment as shown on the notice until the balance is paid in full.. Annual interest rate will vary depending on the financing plan offered by the merchant, up to a

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit Credit charges shall not apply to regular purchases appearing on the statement of account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statementstatement of account. OtherwiseIf the cardholder makes a partial payment only, then credit charges are charged on regular purchases appearing on the statement of account statement based on the average daily balance on account of regular purchases from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. However, if the total balance outstanding indicated on a subsequent statement of account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or 19.4%, and 12.9% if the cardholder benefits from the Low Interest Rate option. b) Cash advances and cheques: cash Cash advances and cheques are subject to credit charges charged calculated on the average daily balance from the date they are made, until they are paid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. Annual interest rate: 19.9% or 19.4%, and 12.9% if the cardholder benefits from the Low Interest Rate option. c) Deferred payment financing: credit Credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statementstatement of account, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statementstatement of account, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balancepayments”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance payment is less than $1,000, by way of 24 equal monthly payments if the converted balance payment is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance payment is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance payment resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due datedate for such equal payment financing. If, between the notice date and on or before the due date shown on the account statementstatement of account, the cardholder makes a partial payment only of on a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be converted to equal instalments financing and will be payable according to at the monthly amount set for the converted balance payment as shown on the notice until the balance is paid in full. Annual interest rate: will vary depending on the financing plan offered by the merchant, up to a maximum of 19.9%. d) Equal instalment financing: Purchases by equal instalments are subject to credit charged calculated from the date they are posted to the statement of account until they are paid in full, at the annual interest rate in effect for the financing plan offered by the merchant. Annual interest rate: in accordance with the financing plan offered by the merchant, up to a maximum of 19.9%. e) Deferred equal instalment financing: Purchases by deferred equal instalment financing are subject to credit charges calculated from the end of the deferred payment period determined at the time of purchase and shown on the statement of account until such time as purchases are paid in full at the annual interest rate in effect for the financing plan offered by the merchant.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit charges shall not apply to regular purchases appearing on the account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statement. Otherwise, credit charges are charged on regular purchases appearing on the account statement based on the average daily balance from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statement. However, if the total balance outstanding indicated on a subsequent account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.9.9% b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.9.9% c) Deferred payment financing: credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statement, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statement, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balance”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance is less than $1,000, by way of 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due date. If, between the notice date and the due date shown on the account statement, the cardholder makes a partial payment only of a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be payable according to the monthly amount set for the converted balance as shown on the notice until the balance is paid in full.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit Credit charges shall not apply to regular purchases appearing on the statement of account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statementstatement of account. OtherwiseIf the cardholder makes a partial payment only, then credit charges are charged on regular purchases appearing on the statement of account statement based on the average daily balance on account of regular purchases from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. However, if the total balance outstanding indicated on a subsequent statement of account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or %, and 12.9% if the cardholder benefits from the Low Interest Rate option. b) Cash advances and cheques: cash Cash advances and cheques are subject to credit charges charged calculated on the average daily balance from the date they are made, until they are paid in full, at the annual interest rate in effect for the period covered by the account statementstatement of account. Annual interest rate: 19.9% or %, and 12.9% if the cardholder benefits from the Low Interest Rate option. c) Deferred payment financing: credit Credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statementstatement of account, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statementstatement of account, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balancepayments”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance payment is less than $1,000, by way of 24 equal monthly payments if the converted balance payment is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance payment is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance payment resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due datedate for such equal payment financing. If, between the notice date and on or before the due date shown on the account statementstatement of account, the cardholder makes a partial payment only of on a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be converted to equal instalments financing and will be payable according to at the monthly amount set for the converted balance payment as shown on the notice until the balance is paid in full. Annual interest rate: will vary depending on the financing plan offered by the merchant, up to a maximum of 19.9%. d) Equal instalment financing: Purchases by equal instalments are subject to credit charged calculated from the date they are posted to the statement of account until they are paid in full, at the annual interest rate in effect for the financing plan offered by the merchant. Annual interest rate: in accordance with the financing plan offered by the merchant, up to a maximum of 19.9%. e) Deferred equal instalment financing: Purchases by deferred equal instalment financing are subject to credit charges calculated from the end of the deferred payment period determined at the time of purchase and shown on the statement of account until such time as purchases are paid in full at the annual interest rate in effect for the financing plan offered by the merchant.

INTEREST RATES AND CALCULATION OF CREDIT CHARGES. a) Regular purchases: credit charges shall not apply to regular purchases appearing on the account statement provided that the balance of all indebtedness and accrued credit charges is paid in full by the due date shown on the account statement. Otherwise, credit charges are charged on regular purchases appearing on the account statement based on the average daily balance from the date of each purchase until the purchases are paid in full, at the annual interest rate in effect for the period covered by the account statement. However, if the total balance outstanding indicated on a subsequent account statement is paid in full by the due date shown, purchases not yet paid shall be exempt from credit charges for the period for which full payment has been made. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.9.90% b) Cash advances and cheques: cash advances and cheques are subject to credit charges calculated on the average daily balance from the date they are made, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.9% or 12.9% if the cardholder benefits from the Low Interest Rate option.9.90% c) Deferred payment financing: credit charges on purchases made by way of deferred payment financing are calculated from the payment due date shown on the account statement, until such purchases are paid in full. If the total amount of a purchase made by way of deferred payment financing is not paid in full on the due date shown on the account statement, it is automatically converted into a purchase by way of equal instalments financing, repayable by equal consecutive monthly payments (“converted balance”) as to principal and credit charges at the annual interest rate for the equal instalments financing plan offered by the merchant in effect at the date of conversion, by way of 12 equal monthly payments if the converted balance is less than $1,000, by way of 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, or by way of 36 equal monthly payments if the converted balance is equal to or greater than $3,000. Notice to this effect showing the number of payments and the monthly amount of the converted balance resulting from the conversion from deferred payment financing to equal instalments financing will be sent to the cardholder at least 30 days before the first payment due date. If, between the notice date and the due date shown on the account statement, the cardholder makes a partial payment only of a purchase made by way of deferred payment financing, the unpaid balance of such deferred purchase will be payable according to the monthly amount set for the converted balance as shown on the notice until the balance is paid in full.