ON THIS PAGE
Regular credit purchases
Equal monthly payment plans
Deferred plans
Fees
Minimum payments
Statements and payments
Regular credit purchases
Interest is charged from the date a purchase is added to your account at your account interest rate (Account AIR; credit rate in Quebec), currently 31.99% to 34.99% and shown when you’re approved. Pay your new balance in full by the due date and new purchases carry an interest-free grace period of at least 21 days. A minimum payment is due each month.
Equal monthly payment plans
A plan may charge no interest or a promotional rate. The rate, monthly amount and term are shown before you confirm.
Deferred plans
On a no interest, no payments plan you pay nothing (other than optional insurance premiums) and no interest builds up until the end date. A balance not paid in full by then becomes a regular credit purchase and, outside Quebec, a deferral fee applies (see Fees). On some deferred plans, interest builds up from the date the purchase is added to your account and is charged if the balance isn’t paid in full by the end date. Quebec residents must make a minimum monthly payment on deferred plans throughout the promotional period.
Fees
Annual fee: $24.99. Quebec residents: $39.99, or $99.99 if you use your account for travel purchases or are issued a Flexiti Wave Card. May be waived depending on the store where you opened your account.
Promotional plan fees (not charged in Quebec): an administration fee, which varies by store and plan, is added to your balance and is due in full if you pay off early; and a deferral fee of $59.99 (plans under 12 months) or $99.99 (12 months or more), which may be waived, if a no interest, no payments plan isn’t paid in full by the end date.
Optional payment protection insurance: $1.39 per $100 of your balance each month, plus taxes.
Other fees, such as returned payment, paper statement and overlimit fees: see the Important Disclosures in your Cardholder Agreement.
Minimum payments
Each statement shows your minimum payment and due date. If you miss a payment, we may cancel your promotions and charge interest at your Account AIR.
Statements and payments
Statements are available in the Customer Portal. Pay from online banking (payee: “Flexiti Financial”) or by mail to Flexiti Financial, Attention: Account Services – Payment Processing, 5700 Yonge Street, Suite 1900, Toronto, ON M2M 4K2.