This document summarizes the rates and fees for the Simplii Financial Cash Back Visa card. The annual interest rates for purchases is 19.99% and for cash advances, balance transfers and convenience cheques is 22.99%. If the minimum payment is missed twice in 12 months, the interest rates increase. There is no interest charged for purchases if the balance is paid in full each month. Foreign transactions incur a 2.5% conversion fee. There are no annual fees but other fees may apply for items like cash advances, balance transfers, late payments and account inactivity.
This document summarizes the rates and fees for the Simplii Financial Cash Back Visa card. The annual interest rates for purchases is 19.99% and for cash advances, balance transfers and convenience cheques is 22.99%. If the minimum payment is missed twice in 12 months, the interest rates increase. There is no interest charged for purchases if the balance is paid in full each month. Foreign transactions incur a 2.5% conversion fee. There are no annual fees but other fees may apply for items like cash advances, balance transfers, late payments and account inactivity.
This document summarizes the rates and fees for the Simplii Financial Cash Back Visa card. The annual interest rates for purchases is 19.99% and for cash advances, balance transfers and convenience cheques is 22.99%. If the minimum payment is missed twice in 12 months, the interest rates increase. There is no interest charged for purchases if the balance is paid in full each month. Foreign transactions incur a 2.5% conversion fee. There are no annual fees but other fees may apply for items like cash advances, balance transfers, late payments and account inactivity.
This document summarizes the rates and fees for the Simplii Financial Cash Back Visa card. The annual interest rates for purchases is 19.99% and for cash advances, balance transfers and convenience cheques is 22.99%. If the minimum payment is missed twice in 12 months, the interest rates increase. There is no interest charged for purchases if the balance is paid in full each month. Foreign transactions incur a 2.5% conversion fee. There are no annual fees but other fees may apply for items like cash advances, balance transfers, late payments and account inactivity.
Purchases and Convenience Cheques 19.99% 22.99% Annual ( 10.99% until the first day of the period ( 10.99% until the first day of the period Simplii Financial Cash Back Visa* Interest covered by your February 2021 covered by your February 2021 Rates monthly statement) monthly statement) If you do not make your Required Payment by the payment due date 2 times in any 12 month period, your interest Annual rate will increase to 24.99% on Purchases and 27.99% on Cash Advances, Balance Transfers and Convenience Interest Cheques for at least 12 months. This increase will take effect in the third statement period following the missed Rates payment that caused the rate to increase. Required Payment means $10 plus any interest and fees (not including the annual fee) plus any past due amounts. If your Balance is under $10, that amount is your Required Payment. Interest- Your payment due date is at least 21 days after the Statement Date. No interest is charged on a Purchase appearing Free Grace on a monthly statement if we receive payment in full of the Balance by the payment due date. There is no interest-free Period period for Cash Advances, Balance Transfers or Convenience Cheques. Minimum Your Minimum Payment is $10 plus any interest and fees (not including the annual fee), plus the greater of either any Payment amount that exceeds your Credit Limit or any past due amount. Balances under $10 are due in full. Foreign currency Transactions, except Convenience Cheques, are converted to Canadian dollars on or after the Foreign Transaction date and no later than the Transaction posting date. At the time of currency conversion, you are charged Currency the same conversion rate we must pay, plus a fee of 2.5% of the converted amount, on both debits and credits. We Conversion convert a foreign currency Convenience Cheque or payment at our branch selling rate for Canadian dollars in effect at the time we process it. Annual There is no annual fee for the Primary Cardholder or any Authorized User. Fee(s) Overlimit fee: $29 is charged if your Balance goes over your Credit Limit. You will be charged on the day your Balance goes over your Credit Limit and on the first day of each following statement period if your Balance remains over your limit. You will only be charged once per statement period. Account maintenance fee: If you have an inactive Account with a credit Balance that has not changed for 360 consecutive days, you will be charged a fee of the lesser of $10 or the full credit Balance on that date. Promotional (low rate) Convenience Cheque or Balance Transfer fee: Up to 3% of the amount of the promotional (low rate) Convenience Cheque or Balance Transfer. The exact fee will be disclosed at the time the offer is made to you and will be charged to your Account when the Transaction is posted. The following fees are posted to your Account when, or soon after, the Transaction or other activity occurs: Other Fees Statement copy fee: $10 is charged for each monthly statement you request. There is no charge for a copy of the current monthly statement (or a Transaction receipt appearing on it) or if the inquiry is due to our error. Transaction receipt copy fee: $5 is charged for each copy you request. Transaction receipts may not be available for all types of Transactions. Cash Advance fee: $5 for each Cash Advance.** Dishonoured Convenience Cheque or Balance Transfer fee: $45 each. Applies if a Convenience Cheque or Balance Transfer is not accepted due to insufficient Available Cash or Available Credit. Dishonoured payment fee: $45 each. Applies if a payment on your Account made by cheque or preauthorized debit from any financial institution, including CIBC, is not accepted for any reason. **These fees are in addition to any other charges that may be levied by the owner/operator of the ATM
L12658EINT-2018/10 Page 1 of 2 Additional Disclosures More Information about Interest and the Grace Period: When interest is charged on a new Purchase, it is charged from its Transaction date. Interest is charged on Cash Advances from the date they are taken. Interest is charged on Balance Transfers and Convenience Cheques from the date they are posted to your Account. If you do not pay your new Balance in full by the payment due date shown on the monthly statement displaying the new Balance, we will extend the payment due date in the following monthly statement period. Interest will continue to accrue for the extended period. When you pay your Balance in full, your payment due date will revert to at least 21 days after the last day of the monthly statement period shown on the next ensuing monthly statements. Lost and Stolen Cards: You must tell us immediately if your Card or Card Details are lost or stolen or your Account is compromised. Subject to the Simplii Financial Credit Card Agreement and provided you have complied with your obligations to keep your PIN and Card safe, you will not be liable for unauthorized Transactions or for Transactions which occur after you tell us your Card has been lost or stolen. If your Account is used with a PIN at an ATM, you will be liable for all Transactions which occur before we receive notice from you that your Card is lost or stolen. Please see the Simplii Financial Credit Card Agreement for more information. Interpretation: Capitalized terms used in this Summary of Rates and Fees have the meanings given to them in the Simplii Financial Credit Card Agreement unless otherwise defined. For more information, please contact Simplii Financial at 1-888-723-8881 (from Canada and the U.S.) or 416-223-0263 (from anywhere else). For TTY service (teletypewriter users only) please call 1-888-632-9022. The Simplii Financial Credit Card Agreement and other information may also be obtained from www.simplii.com. The information in this Summary of Rates and Fees is current as of October 21, 2018.
*Trademark of Visa Int., used under license.
“SIMPLII FINANCIAL” and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. “Simplii Financial” is a division of CIBC. Banking services are not available in Quebec.
