* "Equal payments, no interest" for 24 months is only available on request, on approved credit with a Canadian Tire Options® MasterCard® and on purchases of items at Canadian Tire of $200 or more (excluding gift cards). Interest does not accrue during the period of the plan. However, if we do not receive the full minimum due on a statement within 59 days of the date of that statement, or any event of default (other than a payment default) occurs under your Cardmember Agreement, all special payment plans on your account will terminate and (i) you will then be charged interest on the balances outstanding on such plans at the applicable regular annual rate from the day after the date of your next statement, and (ii) the balances outstanding will form part of the balance due on that statement. There is no administration fee charges for entering into a special payments plan. Each month during an equal payments plan you are required to pay in full by the due date that month's equal payments plan installment. Any unpaid portion not received by the due date will no longer form part of the equal payments plan and interest will accrue on that amount from the day after the date of your next statement at the applicable regular annual rate. Offer subject to change or cancellation without notice.
Additional information for residents of Quebec only: The regular annual rate for persons applying for the Options MasterCard is 22.99% for cash transactions and related fees and 19.99% for all other charges. Some applicants may receive a higher or lower regular annual rate depending on a credit evaluation. The minimum payment is the sum of (a) interest and fees shown on your statement, (b) the greater of any amount past due or any balance over your credit limit, (c) the amount of any equal payments plan instalments then due, and (d) $10. Balances under $10 are due in full. For residents of Quebec, the period between the statement date and the due date for payment is 26 days. The billing period covered by each statement can be from 28-33 days. The Options MasterCard does not have an annual fee. Examples of borrowing costs (rounded to the nearest cent) assuming that all charges are purchases bearing interest at the regular annual rate of 19.99%, a 30 day month, no charges made on special payment plans and no other fees, additional payments or other changes are:
If your average balance is: $100 $500 $1000 $2000
Total monthly credit charges will be: $1.64 $8.22 $16.43 $32.86
ƒAdditional Information for the Canadian Tire Options MasterCard:
Annual Interest Rate(s):
All charges to your account (excluding cash transactions and related fees) - 19.99%
Cash transactions (for example: cash advances, balance transfers, convenience cheques, money transfers, purchase of travellers cheques and gambling transactions) and related fees — 22.99%
If you are not approved for a card at the above rates, Canadian Tire Bank may still issue you a card at an annual interest rate of — 25.99% for all charges (excluding cash transactions and related fees) and 27.99% for cash transactions and related fees.
Foreign Exchange Conversion:
All transactions made in a foreign currency will be converted to Canadian currency at the then current MasterCard conversion rate plus 2.5% (for charges to your account) or minus 2.5% (for credits to your account) when the transaction is posted to your account.
Cash Advance Fee: $4 - Charged when the transaction is posted to your account.
NSF/Dishonoured Payment Fee: $25 - Charged if a payment you make is dishonoured.
Charges for Copies: $2 - Charged when you request a copy of a statement or sales slip.
Credit Balance Fee: The lesser of $10 or the amount of your credit balance. - Charged on the last day of a billing period when there is a credit balance on the account and the account has been inactive for the previous 12 billing periods.
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®/™ MasterCard, World MasterCard, and the MasterCard Brand Mark are registered trademarks, and are registered trademarks of MasterCard International Incorporated.