Common Contracts
2 similar Cardholder Agreement contracts
Cardholder AgreementCardholder Agreement • February 25th, 2022
Credit limit granted The credit limit is provided at the time your application is approved and is set out on each monthly statement. Initial credit rate We will tell you your initial credit rate (also referred to as “Annual Interest Rate” or “AIR”) for your Regular Credit Purchases when your application is approved. Your AIR will also be disclosed on your monthly statement. Depending on your creditworthiness, your AIR for Regular Credit Purchases will be 31.99% or 35%. If your AIR is 31.99% and we do not receive your minimum payment twice within a 12- month period, we may increase your AIR to 35%. Interest-free grace period You will benefit from an interest-free grace period of 21 days for new purchases following availability of your monthly statement in electronic format. Minimum periodic payment (monthly) For Regular Credit Purchase balances: the greater of A and B:A = 5% of the outstanding balance plus payment protection insurance premiums (if applicable and billed monthly)B = inter
Cardholder AgreementCardholder Agreement • July 26th, 2021
Credit limit granted The credit limit is provided at the time your application is approved and is set out on each monthly statement. Initial credit rate We will tell you your initial credit rate (also referred to as “Annual Interest Rate” or “AIR”) for your Regular Credit Purchases when your application is approved. Your AIR will also be disclosed on your monthly statement. Depending on your creditworthiness, your AIR for Regular Credit Purchases will be 31.99% or 35%. If your AIR is 31.99% and we do not receive your minimum payment twice within a 12- month period, we may increase your AIR to 35%. Interest-free grace period You will benefit from an interest-free grace period of 21 days for new purchases following availability of your monthly statement in electronic format. Minimum periodic payment (monthly) For Regular Credit Purchase balances: the greater of A and B:A = 5% of the outstanding balance plus payment protection insurance premiums (if applicable and billed monthly)B = inter
