Tangerine Bank

Tangerine Bank Tangerine ® Rewards World Elite ®* Mastercard ®*

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Annual fee

$120

Promotional rate

Tangerine Rewards World Elite ®* Mastercard ®* Tangerine Rewards World Elite ®* Mastercard ®* Application Disclosure Statement Annual Interest Rate A Promotional Rate of 1.95% (unless this promotional low interest rate is further reduced by us in any offer we make to you) will apply to any and all Balance Transfers made within 30 days of your Account opening, and will remain in effect for 6 Statement Periods from the date the last such Balance Transfer is posted to your Account (the "Promotional Rate Period"). The exact promotional low interest rate that applies during the Promotional Rate Period will be disclosed to you at the time an offer is made. After the expiry of the Promotional Rate Period, the remainder of your Balance Transfer amount will become subject to the Cash Advances rate outlined below. Standard Rates – These rates are in effect when your Account is opened: Purchases: 20.95% Cash Advances: 22.95% (includes Balance Transfers after the Promotional Rate Period has ended) If we don’t receive your Minimum Payment by the payment due date as shown on 2 consecutive monthly statements, your interest rate will increase to 25.95% on Purchases, and 27.95% on Cash Advances and Balance Transfers, including Balance Transfers with Promotional Rates in effect. This increase will take effect immediately after the second consecutive missed payment, and will be reflected on the following monthly statement. These rates will remain in effect until we receive your minimum payments by the payment due date for 12 consecutive months. Interest-free Grace Period You'll receive an interest-free Grace Period of at least twenty-one ( 21 ) days on new Purchases on your Card if you pay the outstanding balance owing on your Account in full by the due date shown on your monthly statement. There is no interest-free grace period for Cash Advances, Balance Transfers, Cash-Like Transactions and applicable Cash Advance fees. Determination of Interest If interest is charged, it is calculated on your average daily Balance and charged monthly to your Account on the last day of your billing cycle. If annual interest rates change during a billing cycle (statement period), we use the annual interest rate in effect at the end of that billing cycle to calculate your daily interest for the entire statement period. Minimum Payment For Residents Outside of Québec: Your required Minimum Payment is the sum of Interest + Fees + $10 , in addition to any over-limit or past due amounts. If your outstanding New Balance is less than $10 , the Minimum Payment will be the balance. For Québec Residents Only : Your required Minimum Payment is the greater of 5.00% of the outstanding New Balance on your statement or $10 . In addition, in all cases your Minimum Payment will include any over-limit or past due amounts. If your outstanding New Balance is less than $10 , the Minimum Payment will equal the balance.