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

INTEREST RATES AND CALCULATION OF INTEREST. a) Regular purchases: interest shall not apply to regular purchases appearing on the account statement provided the statement’s total balance is paid in full by the due date shown on the statement. Otherwise, the regular purchases appearing on the statement shall be subject to interest based on the average daily balance from the date of each purchase until the purchases have been paid in full, at the annual interest rate in effect during the period covered by the account statement. However, if the balance indicated on a subsequent statement is paid in full by the due date shown, purchases not yet paid shall be exempt from interest for the period for which full payment has been made. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. b) Cash advances (except balance transfers and cheques): all cash advances are subject to interest based on the daily average balance starting from the date they are made, at the annual interest rate applicable for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. c) Cash advances by equal instalments: cash advances by equal instalments are subject to interest calculated from the date they are posted to the account statement to the date they are paid in full. These charges are based on the annual interest rate in effect for the financing plan offered by Desjardins and chosen by the cardholder. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90% d) RRSP financing: RRSP financing is subject to interest, calculated as of the date of its appearance on the account statement until fully paid and that, at the annual interest rate in force for this financing plan offered by Desjardins and chosen by the cardholder. During a deferred payment period – RRSP financing, only interest is payable. At the expiry date of the deferred payment period – RRSP financing, payments of principal and interest are payable as determined at the time the RRSP financing was made. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90%. e) Deferred payment financing: interest on deferred payment purchases is calculated, starting from the payment due date shown on the account statement, until such time as purchases are paid in full. If payment of a deferred payment purchase is not made in full at the due date appearing on the account statement, it is automatically converted into payments under the equal payment program. The payment then becomes payable, in capital and interest (the “converted balance”) at the annual interest rate applicable to this financing program at the date of conversion, into 12 equal monthly payments if the converted balance is less than $1,000, into 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, and into 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 resulting from the conversion of the deferred payment purchase into an equal payment purchase is sent to the cardholder at least 30 days before the payment due date. If, on or before the due date shown on the account statement, the cardholder makes a part payment of the deferred payment purchase, the unpaid balance remaining becomes payable at the monthly amount set for the converted balance 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 19.90%. f) Equal payment financing: purchases by equal instalments are subject to interest calculated starting from the date they are posted to the account statement 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 19.90%. g) Deferred equal payment financing: purchases by deferred equal payment financing are subject to interest calculated from the end of the deferred payment period determined at the time of purchase and shown on the account statement, until such time as purchases 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 19.90%. h) Multiple purchases by equal instalments: multiple purchases by equal instalments are subject to interest, calculated from the expiry date of the deferred payment period until they are paid in full, at the annual interest rate in force for the financing plan offered by the merchant. Annual interest rate: in accordance with the financing plan offered by the merchant and depending on the balance of the multiple purchases at the expiry of the deferred payment period – multiple purchases, without ever exceeding 19.90%. i) Cheques and balance transfers: all cheques and balance transfers are subject to interest based on the daily average balance of the cheques and balance transfers, starting from the date the cheque is cashed or the balance is transferred, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. If the cheques provided to the cardholder or Xxxxxxxxxx’x balance transfer offer provides for the application of a lower annual interest rate, this other rate will apply to the cheques and balance transfers only during the period indicated by Desjardins to the cardholder (the “promotional period”). At the expiry of the promotional period, the applicable annual interest rate returns to 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made. ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 We calculate interest according to the annual interest rate in effect, as set out in the Consumer Protection Act and the Regulation Respecting the Application of the Consumer Protection Act.

INTEREST RATES AND CALCULATION OF INTEREST. a) Regular purchases: interest shall not apply to regular purchases appearing on the account statement provided the statement’s total balance is paid in full by the due date shown on the statement. Otherwise, the regular purchases appearing on the statement shall be subject to interest based on the average daily balance from the date of each purchase until the purchases have been paid in full, at the annual interest rate in effect during the period covered by the account statement. However, if the balance indicated on a subsequent statement is paid in full by the due date shown, purchases not yet paid shall be exempt from interest for the period for which full payment has been made. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. b) Cash advances (except balance transfers and cheques): all cash advances are subject to interest based on the daily average balance starting from the date they are made, at the annual interest rate applicable for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option.daily c) Cash advances by equal instalments: cash advances by equal instalments are subject to interest calculated from the date they are posted to the account statement to the date they are paid in full. These charges are based on the annual interest rate in effect for the financing plan offered by Desjardins and chosen by the cardholder. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90% d) RRSP financing: RRSP financing is subject to interest, calculated as of the date of its appearance on the account statement until fully paid and that, at the annual interest rate in force for this financing plan offered by Desjardins and chosen by the cardholder. During a deferred payment period – RRSP financing, only interest is payable. At the expiry date of the deferred payment period – RRSP financing, payments of principal and interest are payable as determined at the time the RRSP financing was made. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90%. e) Deferred payment financing: interest on deferred payment purchases is calculated, starting from the payment due date shown on the account statement, until such time as purchases are paid in full. If payment of a deferred payment purchase is not made in full at the due date appearing on the account statement, it is automatically converted into payments under the equal payment program. The payment then becomes payable, in capital and interest (the “converted balance”) at the annual interest rate applicable to this financing program at the date of conversion, into 12 equal monthly payments if the converted balance is less than $1,000, into 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, and into 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 resulting from the conversion of the deferred payment purchase into an equal payment purchase is sent to the cardholder at least 30 days before the payment due date. If, on or before the due date shown on the account statement, the cardholder makes a part payment of the deferred payment purchase, the unpaid balance remaining becomes payable at the monthly amount set for the converted balance 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 19.90%. f) Equal payment financing: purchases by equal instalments are subject to interest calculated starting from the date they are posted to the account statement 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 19.90%. g) Deferred equal payment financing: purchases by deferred equal payment financing are subject to interest calculated from the end of the deferred payment period determined at the time of purchase and shown on the account statement, until such time as purchases 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 19.90%. h) Multiple purchases by equal instalments: multiple purchases by equal instalments are subject to interest, calculated from the expiry date of the deferred payment period until they are paid in full, at the annual interest rate in force for the financing plan offered by the merchant. Annual interest rate: in accordance with the financing plan offered by the merchant and depending on the balance of the multiple purchases at the expiry of the deferred payment period – multiple purchases, without ever exceeding 19.90%. i) Cheques and balance transfers: all cheques and balance transfers are subject to interest based on the daily average balance of the cheques and balance transfers, starting from the date the cheque is cashed or the balance is transferred, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. If the cheques provided to the cardholder or Xxxxxxxxxx’x balance transfer offer provides for the application of a lower annual interest rate, this other rate will apply to the cheques and balance transfers only during the period indicated by Desjardins to the cardholder (the “promotional period”). At the expiry of the promotional period, the applicable annual interest rate returns to 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made. ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 We calculate interest according to the annual interest rate in effect, as set out in the Consumer Protection Act and the Regulation Respecting the Application of the Consumer Protection Act.

INTEREST RATES AND CALCULATION OF INTEREST. a) Regular purchases: interest shall not apply to regular purchases appearing on the account statement provided the statement’s total balance is paid in full by the due date shown on the statement. Otherwise, the regular purchases appearing on the statement shall be subject to interest based on the average daily balance from the date of each purchase until the purchases have been paid in full, at the annual interest rate in effect during the period covered by the account statement. However, if the balance indicated on a subsequent statement is paid in full by the due date shown, purchases not yet paid shall be exempt from interest for the period for which full payment has been made. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. b) Cash advances (except balance transfers and cheques): all cash advances are subject to interest based on the daily average balance starting from the date they are made, at the annual interest rate applicable for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. c) Cash advances by equal instalments: cash advances by equal instalments are subject to interest calculated from the date they are posted to the account statement to the date they are paid in full. These charges are based on the annual interest rate in effect for the financing plan offered by Desjardins and chosen by the cardholder. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90% d) RRSP financing: RRSP financing is subject to interest, calculated as of the date of its appearance on the account statement until fully paid and that, at the annual interest rate in force for this financing plan offered by Desjardins and chosen by the cardholder. During a deferred payment period – RRSP financing, only interest is payable. At the expiry date of the deferred payment period – RRSP financing, payments of principal and interest are payable as determined at the time the RRSP financing was made. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90%. e) Deferred payment financing: interest on deferred payment purchases is calculated, starting from the payment due date shown on the account statement, until such time as purchases are paid in full. If payment of a deferred payment purchase is not made in full at the due date appearing on the account statement, it is automatically converted into payments under the equal payment program. The payment then becomes payable, in capital and interest (the “converted balance”) at the annual interest rate applicable to this financing program at the date of conversion, into 12 equal monthly payments if the converted balance is less than $1,000, into 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, and into 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 resulting from the conversion of the deferred payment purchase into an equal payment purchase is sent to the cardholder at least 30 days before the payment due date. If, on or before the due date shown on the account statement, the cardholder makes a part payment of the deferred payment purchase, the unpaid balance remaining becomes payable at the monthly amount set for the converted balance 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 19.90%. f) Equal payment financing: purchases by equal instalments are subject to interest calculated starting from the date they are posted to the account statement 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 19.90%. g) Deferred equal payment financing: purchases by deferred equal payment financing are subject to interest calculated from the end of the deferred payment period determined at the time of purchase and shown on the account statement, until such time as purchases 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 19.90%. h) Multiple purchases by equal instalments: multiple purchases by equal instalments are subject to interest, calculated from the expiry date of the deferred payment period until they are paid in full, at the annual interest rate in force for the financing plan offered by the merchant. Annual interest rate: in accordance with the financing plan offered by the merchant and depending on the balance of the multiple purchases at the expiry of the deferred payment period – multiple purchases, without ever exceeding 19.90%. i) Cheques and balance transfers: all cheques and balance transfers are subject to interest based on the daily average balance of the cheques and balance transfers, starting from the date the cheque is cashed or the balance is transferred, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. If the cheques provided to the cardholder or Xxxxxxxxxx’x balance transfer offer provides for the application of a lower annual interest rate, this other rate will apply to the cheques and balance transfers only during the period indicated by Desjardins to the cardholder (the “promotional period”). At the expiry of the promotional period, the applicable annual interest rate returns to 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made. ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 We calculate interest according to the annual interest rate in effect, as set out in the Consumer Protection Act and the Regulation Respecting the Application of the Consumer Protection Act.

INTEREST RATES AND CALCULATION OF INTEREST. a) Regular purchases: interest shall not apply to regular purchases appearing on the account statement provided the statement’s total balance is paid in full by the due date shown on the statement. Otherwise, the regular purchases appearing on the statement shall be subject to interest based on the average daily balance from the date of each purchase until the purchases have been paid in full, at the annual interest rate in effect during the period covered by the account statement. However, if the balance indicated on a subsequent statement is paid in full by the due date shown, purchases not yet paid shall be exempt from interest for the period for which full payment has been made. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. b) Cash advances (except balance transfers and cheques): all cash advances are subject to interest based on the daily average balance starting from the date they are made, at the annual interest rate applicable for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. c) Cash advances by equal instalments: cash advances by equal instalments are subject to interest calculated from the date they are posted to the account statement to the date they are paid in full. These charges are based on the annual interest rate in effect for the financing plan offered by Desjardins and chosen by the cardholder. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90% d) RRSP financing: RRSP financing is subject to interest, calculated as of the date of its appearance on the account statement until fully paid and that, at the annual interest rate in force for this financing plan offered by Desjardins and chosen by the cardholder. During a deferred payment period – RRSP financing, only interest is payable. At the expiry date of the deferred payment period – RRSP financing, payments of principal and interest are payable as determined at the time the RRSP financing was made. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90%. e) Deferred payment financing: interest on deferred payment purchases is calculated, starting from the payment due date shown on the account statement, until such time as purchases are paid in full. If payment of a deferred payment purchase is not made in full at the due date appearing on the account statement, it is automatically converted into payments under the equal payment program. The payment then becomes payable, in capital and interest (the “converted balance”) at the annual interest rate applicable to this financing program at the date of conversion, into 12 equal monthly payments if the converted balance is less than $1,000, into 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, and into 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 resulting from the conversion of the deferred payment purchase into an equal payment purchase is sent to the cardholder at least 30 days before the payment due date. If, on or before the due date shown on the account statement, the cardholder makes a part payment of the deferred payment purchase, the unpaid balance remaining becomes payable at the monthly amount set for the converted balance 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 19.90%. f) Equal payment financing: purchases by equal instalments are subject to interest calculated starting from the date they are posted to the account statement 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 19.90%. g) Deferred equal payment financing: purchases by deferred equal payment financing are subject to interest calculated from the end of the deferred payment period determined at the time of purchase and shown on the account statement, until such time as purchases 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 19.90%. h) Multiple purchases by equal instalments: multiple purchases by equal instalments are subject to interest, calculated from the expiry date of the deferred payment period until they are paid in full, at the annual interest rate in force for the financing plan offered by the merchant. Annual interest rate: in accordance with the financing plan offered by the merchant and depending on the balance of the multiple purchases at the expiry of the deferred payment period – multiple purchases, without ever exceeding 19.90%. i) Cheques and balance transfers: all cheques and balance transfers are subject to interest based on the daily average balance of the cheques and balance transfers, starting from the date the cheque is cashed or the balance is transferred, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. If the cheques provided to the cardholder or Xxxxxxxxxx’x balance transfer offer provides for the application of a lower annual interest rate, this other rate will apply to the cheques and balance transfers only during the period indicated by Desjardins to the cardholder (the “promotional period”). At the expiry of the promotional period, the applicable annual interest rate returns to 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made. ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made. We calculate interest according to the annual interest rate in effect, as set out in the Consumer Protection Act and the Regulation Respecting the Application of the Consumer Protection Act.

INTEREST RATES AND CALCULATION OF INTEREST. a) Regular purchases: interest shall not apply to regular purchases appearing on the account statement provided the statement’s total balance is paid in full by the due date shown on the statement. Otherwise, the regular purchases appearing on the statement shall be subject to interest based on the average daily balance from the date of each purchase until the purchases have been paid in full, at the annual interest rate in effect during the period covered by the account statement. However, if the balance indicated on a subsequent statement is paid in full by the due date shown, purchases not yet paid shall be exempt from interest for the period for which full payment has been made. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. b) Cash advances (except balance transfers and cheques): all cash advances are subject to interest based on the daily average balance starting from the date they are made, at the annual interest rate applicable for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. c) Cash advances by equal instalments: cash advances by equal instalments are subject to interest calculated from the date they are posted to the account statement to the date they are paid in full. These charges are based on the annual interest rate in effect for the financing plan offered by Desjardins and chosen by the cardholder. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90% d) RRSP financing: RRSP financing is subject to interest, calculated as of the date of its appearance on the account statement until fully paid and that, at the annual interest rate in force for this financing plan offered by Desjardins and chosen by the cardholder. During a deferred payment period – RRSP financing, only interest is payable. At the expiry date of the deferred payment period – RRSP financing, payments of principal and interest are payable as determined at the time the RRSP financing was made. Annual interest rate: based on the financing plan offered by Desjardins and chosen by the cardholder, not exceeding 19.90%. e) Deferred payment financing: interest on deferred payment purchases is calculated, starting from the payment due date shown on the account statement, until such time as purchases are paid in full. If payment of a deferred payment purchase is not made in full at the due date appearing on the account statement, it is automatically converted into payments under the equal payment program. The payment then becomes payable, in capital and interest (the “converted balance”) at the annual interest rate applicable to this financing program at the date of conversion, into 12 equal monthly payments if the converted balance is less than $1,000, into 24 equal monthly payments if the converted balance is equal to or greater than $1,000 and less than $3,000, and into 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 resulting from the conversion of the deferred payment purchase into an equal payment purchase is sent to the cardholder at least 30 days before the payment due date. If, on or before the due date shown on the account statement, the cardholder makes a part payment of the deferred payment purchase, the unpaid balance remaining becomes payable at the monthly amount set for the converted balance 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 19.90%. f) Equal payment financing: purchases by equal instalments are subject to interest calculated starting from the date they are posted to the account statement 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 19.90%.19.90%.‌ g) Deferred equal payment financing: purchases by deferred equal payment financing are subject to interest calculated from the end of the deferred payment period determined at the time of purchase and shown on the account statement, until such time as purchases 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 19.90%. h) Multiple purchases by equal instalments: multiple purchases by equal instalments are subject to interest, calculated from the expiry date of the deferred payment period until they are paid in full, at the annual interest rate in force for the financing plan offered by the merchant. Annual interest rate: in accordance with the financing plan offered by the merchant and depending on the balance of the multiple purchases at the expiry of the deferred payment period – multiple purchases, without ever exceeding 19.90%. i) Cheques and balance transfers: all cheques and balance transfers are subject to interest based on the daily average balance of the cheques and balance transfers, starting from the date the cheque is cashed or the balance is transferred, at the annual interest rate in effect for the period covered by the account statement. Annual interest rate: 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. If the cheques provided to the cardholder or Xxxxxxxxxx’x balance transfer offer provides for the application of a lower annual interest rate, this other rate will apply to the cheques and balance transfers only during the period indicated by Desjardins to the cardholder (the “promotional period”). At the expiry of the promotional period, the applicable annual interest rate returns to 19.90% or 12.90% if the cardholder benefits from the Low Interest Rate option. In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made. ANNUAL INTEREST RATE AVERAGE DAILY BALANCE $100 $500 $1,000 Regular Interest Rate 19.90% $1.64 $8.18 $16.36 Low Interest Rate 12.90% $1.06 $5.30 $10.60 Cash advance 19.90% $1.64 $8.18 $16.36 In all cases, any reversal of payment and any dishonoured payment made by cheque or by preauthorized debit will generate interest at the applicable rate as established in this section, as if the payment had never been made. We calculate interest according to the annual interest rate in effect, as set out in the Consumer Protection Act and the Regulation Respecting the Application of the Consumer Protection Act.