EXAMPLES OF MONTHLY CREDIT CHARGES

Examples of monthly credit charges at the annual interest rates set out in the information box (assuming a balance owing during a
30-day month covered by a statement of account and no other fees, additional payments or charges. All amounts rounded to the
nearest cent):
American Express Cobalt® Card
Annual Rate Average Monthly Balance
$1,000 $5,000 $10,000 INFORMATION BOX
20.99% $17.25 $86.26 $172.52
Initial Credit Your initial credit limit is shown on your Instant Card Details Page which you can print and will also
21.99% $18.07 $90.37 $180.74 be provided in your mailed welcome package disclosure.
Limit
______________________________________________________________________________________________________________

®: Used by Amex Bank of Canada under license from American Express. Copyright ©: Amex Bank of Canada, 2022. Preferred Rate for Purchases: 21.99%.

767-IBQ (04/24)
Preferred Rate for Funds Advances: 21.99% effective from the day account is opened.

Interest rates will increase to the Standard Rate of 25.99% for the next 12 billing periods if in any
Annual Interest 12 month period you have 2 separate Missed Payments.
Rate
Interest rates will increase to the Basic Rate of 28.99% for the next 12 billing periods if in any 12
month period you have 3 or more separate Missed Payments.

“Missed Payment” means we did not receive the minimum monthly payment by the payment due
date.

21 days on new purchases from the Closing Date on your statement if we receive payment in full by
Interest-free the payment due date and if we do not, up to 25 days for new purchases on your next statement. For
residents of Quebec, the interest-free grace period applies to all purchase balances each month, if we
Grace Period
receive payment in full by the payment due date. There is no interest-free grace period for funds
advances, Amex cheques and balance transfers, if offered.

Interest is calculated on the daily closing balance and is charged to your account on the last day of the
billing period. Subject to the interest-free grace period, interest on a purchase and fees (except the
funds advance fee) applies from and including the transaction date or from and including the first day
Determination of
of the billing period in which it is first charged to your account, if that date is later, until the day we
Interest receive payment in full. On a funds advance, funds advance fee, Amex cheque and balance transfer,
interest is always charged from and including the transaction date until the day we receive payment in
full.

The Minimum Payment is the lesser of (1) or (2), calculated as follows:

(1) the total of: (a) any previously billed minimum payment that remains unpaid on the Closing Date
of the statement + (b) if applicable, installment amounts (including installment fees) charged on the
billing statement PLUS
(for non-Quebec residents): (c) $10 + (d) Interest, Overlimit fees and Dishonoured Payment fees; or
(for Quebec residents whose accounts were opened on or after August 1, 2019): (c) 5% of the
remaining balance owing that month.
(for Quebec residents whose accounts were opened prior to August 1, 2019): (c) 2% for
Minimum
statements dated on or after April 1, 2020, and the following percentages apply for statements
Payment dated on or after the following dates:
• August 1, 2020 – 2.5%;
• August 1, 2021 – 3%;
• August 1, 2022 – 3.5%;
• August 1, 2023 – 4%;
• August 1, 2024 – 4.5%;
• August 1, 2025 – 5%.
OR (2) the entire new balance of the billing statement

Charges and refunds in a currency other than Canadian dollars will be converted into Canadian
dollars by our affiliate on the date we process the charge or refund. Unless your charge or refund is in
U.S. dollars, it will first be converted to U.S. dollars and then into Canadian dollars. Unless required
Foreign Currency by law or used by custom, conversion rates are based on interbank rates selected from customary
Conversion industry sources on the weekday prior to the processing date (except January 1 and December
25), which we increase by a single conversion commission of 2.5% of each charge. Any conversion
commission we apply to the original charge will not be returned on a refund.

Basic Card: $12.99 charged on 1st statement after Card issued and once a month thereafter
Annual Fees (regardless of card activation). Equals a total fee of $155.88 per year of Card membership.
Supplementary Cards: $0.
®
: Used by Amex Bank of Canada under license from American Express.
MD
: utilisée par la Banque Amex du Canada en vertu d´une licence accordée par American Express.

Other Fees Charged on the day the transaction occurs except as noted:
 later, until the day we receive payment in full. On a funds advance, funds advance fee, Amex cheque and balance transfer, interest is always
Funds Advance: $2.75 each charged from and including the transaction date until the day we receive payment in full. Subject to the interest-free grace period, interest will
apply to installment plan balances until the day the plan is created.
Dishonoured Payment: $45 each
MINIMUM PAYMENT: The method for determining the minimum payment is set out in the information box. The minimum payment will also
Statement Reprint: $3 per statement include any previously unpaid minimum payments. If your address changes to or from Quebec, the applicable minimum due calculation will
take effect on your next statement.
Points Reinstatement: $20 for each reinstatement through Online Services or $30 for each
reinstatement through other service channels (plus applicable taxes) FOREIGN CURRENCY CONVERSION: Charges and refunds in a currency other than Canadian dollars will be converted into Canadian
dollars by our affiliate on the date we process the charge or refund which may not be the same date on which you made your charge or received
Overlimit: $29 when you exceed your credit limit and at the end of each subsequent billing your refund as it depends on when the charge or refund was submitted to us. Unless your charge or refund is in U.S. dollars, it will first be
period if you remain overlimit (except for Quebec residents) converted to U.S. dollars and then into Canadian dollars. Unless required by law or used by custom, conversion rates are based on interbank
rates selected from customary industry sources on the weekday prior to the processing date (except January 1 and December 25), which we
Balance Transfer/Amex Cheque: Up to 3% for the amount of each balance transfer and Amex increase by a single conversion commission as set out in the information box. Any conversion commission we apply to the original charge will
cheque, if offered, unless reduced for a specific offer not be returned on a refund.

Installment Program: A monthly fee of up to 1.2%, calculated on each balance moved to the ANNUAL FEES: The $12.99 monthly fee set out in the information box will be charged on the first statement after the card is issued, and once
installment program. This fee is charged according to your plan terms so long as the plan a month thereafter (regardless of card activation). Equals a total fee of $155.88 per year of Card membership
remains active on your account.
OTHER FEES: The following other fees will be charged on the day the transaction occurs except as noted:

The Funds Advance fee set out in the information box will be charged for each funds advance. The minimum cash amount that you may
DISCLOSURE STATEMENT withdraw in any single transaction is $20.

CREDIT LIMIT: Your initial credit limit is shown on your Instant Card Details Page which you can print and will also be provided in your The Dishonoured Payment fee set out in the information box will be charged for each dishonoured payment.
mailed welcome package disclosure.
The Statement Reprint fee set out in the information box will be charged for each statement reprinted.
CREDIT LIMIT ALERTS: Unless you opt out, we will alert you by email or SMS when you are within $100 of your credit limit or another
amount that you select, as required by law. If you exceed your credit limit in one transaction, you will receive an alert after that. The Overlimit fee set out in the information box may be charged when you exceed your credit limit and at the end of each subsequent billing
period if you remain overlimit.
INTEREST RATE: The annual interest rates are set out in the information box. The rates are effective from the day the account is opened.
However, interest will only be charged as described under the headings "Interest-free Grace Period" and "Determination of Interest" in the The Balance Transfer / Amex Cheque fee set out in the information box will be charged on the posting date of each balance transfer and Amex
information box and this Disclosure Statement. At the end of each billing period, we will review your Account Payment Record in the Review cheque, unless reduced for a specific offer. If the calculation of the fee results in an amount that includes a fraction that is less than one cent,
Period to determine your rate for the next billing period as set out in the information box. Any changes to the interest rate applicable to your we will round up to the next cent from and including $0.005 and round down if less than $0.005. If we offer and you transfer a balance or use
account set out in this disclosure will be effective from the start of the next billing period and will apply to the outstanding balance and any an Amex cheque, you agree not to repay the amount of the balance transfer or cheque within 10 days after the date the transaction was posted to
new charges. your account.

"Account Payment Record" means your record of Missed Payments. The installment program fee set out in the information box will be charged for each balance for which an installment plan is created unless
reduced for a specific offer. This fee is charged according to your plan terms so long as the plan remains active on your account, and is
"Review Period" means the 12 consecutive billing periods ending on the last day of the current billing period. calculated by multiplying: (A) the original principal balance moved to an installment plan with (B) the monthly installment fee percentage with
(C) the number of months in the repayment period. This amount is then divided by the number of months in the repayment period to get the
"Missed Payment" means we did not receive the minimum monthly payment by the payment due date. monthly fee. If you create an installment plan for a new balance that appears on your current statement, the same monthly fee will be charged
for each month during which the balance is still participating in the installment program. If you create an installment plan for a balance that has
The Preferred Rate set out in the information box will apply if your Account Payment Record in the Review Period shows: not yet appeared on your statement, the first month’s installment amount due will be applied in full towards the principal. In the second month
• no more than 1 Missed Payment; and you will be required to pay the fee for both months 1 and 2 and the amount of the principal will be reduced to keep the installment payments
• you were at the Preferred Rate in the last Review Period or you are at the end of 12 billing periods in which the Standard Rate or the same. We may round amounts when we calculate the monthly fee and when we calculate the monthly increments and we may also make
Basic Rate applied adjustments to the final monthly repayment amount.

The Standard Rate set out in the information box will apply if your Account Payment Record in the Review Period shows: When you choose to reinstate Points deducted due to a Missed Payment, the applicable Points Reinstatement fee set out in the information box
• 2 separate Missed Payments will be charged. Missed Payment means we did not receive the required monthly payment due by the payment due date.

The Basic Rate set out in the information box will apply if your Account Payment Record in the Review Period shows: LEGAL EXPENSES: In the event of any default, you will be responsible for all reasonable costs incurred by us or our agents for legal services
• 3 or more separate Missed Payments retained to collect or attempt to collect payment.

Whenever the Standard Rate or Basic Rate applies, the rate will not be decreased for at least 12 billing periods from the effective date of the UNAUTHORIZED CHARGES: You must protect your card, account information, and the personal authentication information created or
rate. If the Standard Rate applies, the rate is subject to increase to the Basic Rate as determined by your Account Payment Record in the adopted in relation to your card or account. Tell us immediately if your card is lost or stolen or if there is risk of unauthorized access or use of
Review Period. your account. Provided you and any supplementary cardmember did not demonstrate gross negligence (in Quebec, gross fault), in safeguarding
your card, account information or your personal authentication information, then you will not be liable to us for any unauthorized charges.
We may, but are not obligated to, make special interest rate or other offers such as: (i) an installment program offer; (ii) a special rate offer on
purchases; or (iii) a special rate offer on balance transfers/Amex cheques at any time. For the installment program offer: if at any time after a STATEMENTS: We will provide you with a monthly statement for each billing period during which there are any charges or a balance owing
new installment plan is created, you do not make your minimum payment by the date of the next billing statement, all installment plans active on the account. However, we may not provide a statement if your account has been suspended or cancelled due to default.
at that time will be cancelled. For special rate offer on purchases or balance transfers: if at any time after the date that the first special rate offer
transaction is posted to your account, you do not make your minimum payment by the payment due date (Missed Payment), that special rate PARTICULARS OF RIGHTS AND OBLIGATIONS: In addition to this Disclosure Statement and the Information Box, the Cardmember
offer will be revoked. After an installment plan or that special rate offer expires or is revoked or cancelled: Agreement contains rights and obligations, including your rights to (i) make a payment at any time, and (ii) close your account; and your
• the balance that is subject to the installment program or the special rate offer on purchases will be treated in the same way as obligations to: (i) inform us of changes to your contact information, (ii) remain within the credit limit (but we may permit you to exceed it), (iii)
purchases as set out in this disclosure, including the applicable annual interest rate that applies to purchases at that time. Where an review your statements and raise concerns with us promptly, (iv) pay all amounts you owe, and (v) not use the card for prohibited purposes.
installment plan is cancelled, the date on which interest will apply to the remaining balance from that installment plan is, subject to
the interest-free grace period, the first day of the next billing period following cancellation. The applicable interest rate will be the The information box and Disclosure Statement were correct at the time of publication and are subject to change by Amex Bank of Canada in
rate then in effect for purchases as disclosed in your Information Box and Disclosure Statement and not any promotional rate that may accordance with the Cardmember Agreement. The Cardmember Agreement includes additional details. For current information about the
otherwise apply to your account. account or if you have questions about the terms and conditions of the Cardmember Agreement please contact us by telephone from anywhere
• the balance that is subject to the special rate offer on balance transfers/Amex cheques will be treated in the same way as funds in Canada and the U.S.: 1-800-869-3016 or 1-866-549-6426 (TTY/TDD) or from Toronto: (905) 474-0870 or International: (905) 474-0870
advances as set out in this disclosure, including the applicable annual interest rate that applies to funds advances at that time. (please call collect).

The Account Payment Record criteria and annual interest rates set out in this disclosure are subject to change in accordance with the Membership Rewards® Program
Cardmember Agreement. For the Basic Cardmember, enrollment in the Membership Rewards Select Tier of the Membership Rewards Program is included with this
Cobalt Card. For full Membership Rewards Program Terms and Conditions, visit membershiprewards.ca.
INTEREST-FREE GRACE PERIOD: The interest-free grace period on new purchases set out in the information box will apply from the
Closing Date on your statement to the payment due date if we receive payment in full (except installment program balances that are not yet
due) by the payment due date. If we do not receive payment in full by the payment due date, the grace period on your next statement will be
extended as set out in the information box. Interest will be charged on any previous balances during this period. For residents of Quebec, the
interest-free grace period applies to all purchase balances each month, if we receive payment in full by the payment due date. There is no
interest-free grace period for funds advances, Amex cheques and balance transfers if offered.

DETERMINATION OF INTEREST: Interest is calculated on the daily closing balance and is charged to your account on the last day of the
billing period. Subject to the interest-free grace period, interest on a purchase and fees (except the funds advance fee) applies from and
including the transaction date or from and including the first day of the billing period in which it is first charged to your account, if that date is
 later, until the day we receive payment in full. On a funds advance, funds advance fee, Amex cheque and balance transfer, interest is always
Funds Advance: $2.75 each charged from and including the transaction date until the day we receive payment in full. Subject to the interest-free grace period, interest will
apply to installment plan balances until the day the plan is created.
Dishonoured Payment: $45 each
MINIMUM PAYMENT: The method for determining the minimum payment is set out in the information box. The minimum payment will also
Statement Reprint: $3 per statement include any previously unpaid minimum payments. If your address changes to or from Quebec, the applicable minimum due calculation will
take effect on your next statement.
Points Reinstatement: $20 for each reinstatement through Online Services or $30 for each
reinstatement through other service channels (plus applicable taxes) FOREIGN CURRENCY CONVERSION: Charges and refunds in a currency other than Canadian dollars will be converted into Canadian
dollars by our affiliate on the date we process the charge or refund which may not be the same date on which you made your charge or received
Overlimit: $29 when you exceed your credit limit and at the end of each subsequent billing your refund as it depends on when the charge or refund was submitted to us. Unless your charge or refund is in U.S. dollars, it will first be
period if you remain overlimit (except for Quebec residents) converted to U.S. dollars and then into Canadian dollars. Unless required by law or used by custom, conversion rates are based on interbank
rates selected from customary industry sources on the weekday prior to the processing date (except January 1 and December 25), which we
Balance Transfer/Amex Cheque: Up to 3% for the amount of each balance transfer and Amex increase by a single conversion commission as set out in the information box. Any conversion commission we apply to the original charge will
cheque, if offered, unless reduced for a specific offer not be returned on a refund.

Installment Program: A monthly fee of up to 1.2%, calculated on each balance moved to the ANNUAL FEES: The $12.99 monthly fee set out in the information box will be charged on the first statement after the card is issued, and once
installment program. This fee is charged according to your plan terms so long as the plan a month thereafter (regardless of card activation). Equals a total fee of $155.88 per year of Card membership
remains active on your account.
OTHER FEES: The following other fees will be charged on the day the transaction occurs except as noted:

The Funds Advance fee set out in the information box will be charged for each funds advance. The minimum cash amount that you may
withdraw in any single transaction is $20.
DISCLOSURE STATEMENT
The Dishonoured Payment fee set out in the information box will be charged for each dishonoured payment.
CREDIT LIMIT: Your initial credit limit is set out in the information box.
The Statement Reprint fee set out in the information box will be charged for each statement reprinted.
CREDIT LIMIT ALERTS: Unless you opt out, we will alert you by email or SMS when you are within $100 of your credit limit or another
amount that you select, as required by law. If you exceed your credit limit in one transaction, you will receive an alert after that. The Overlimit fee set out in the information box may be charged when you exceed your credit limit and at the end of each subsequent billing
period if you remain overlimit.
INTEREST RATE: The annual interest rates are set out in the information box. The rates are effective from the day the account is opened.
However, interest will only be charged as described under the headings "Interest-free Grace Period" and "Determination of Interest" in the The Balance Transfer / Amex Cheque fee set out in the information box will be charged on the posting date of each balance transfer and Amex
information box and this Disclosure Statement. At the end of each billing period, we will review your Account Payment Record in the Review cheque, unless reduced for a specific offer. If the calculation of the fee results in an amount that includes a fraction that is less than one cent,
Period to determine your rate for the next billing period as set out in the information box. Any changes to the interest rate applicable to your we will round up to the next cent from and including $0.005 and round down if less than $0.005. If we offer and you transfer a balance or use
account set out in this disclosure will be effective from the start of the next billing period and will apply to the outstanding balance and any an Amex cheque, you agree not to repay the amount of the balance transfer or cheque within 10 days after the date the transaction was posted to
new charges. your account.

"Account Payment Record" means your record of Missed Payments. The installment program fee set out in the information box will be charged for each balance for which an installment plan is created unless
reduced for a specific offer. This fee is charged according to your plan terms so long as the plan remains active on your account, and is
"Review Period" means the 12 consecutive billing periods ending on the last day of the current billing period. calculated by multiplying: (A) the original principal balance moved to an installment plan with (B) the monthly installment fee percentage with
(C) the number of months in the repayment period. This amount is then divided by the number of months in the repayment period to get the
"Missed Payment" means we did not receive the minimum monthly payment by the payment due date. monthly fee. If you create an installment plan for a new balance that appears on your current statement, the same monthly fee will be charged
for each month during which the balance is still participating in the installment program. If you create an installment plan for a balance that has
The Preferred Rate set out in the information box will apply if your Account Payment Record in the Review Period shows: not yet appeared on your statement, the first month’s installment amount due will be applied in full towards the principal. In the second month
• no more than 1 Missed Payment; and you will be required to pay the fee for both months 1 and 2 and the amount of the principal will be reduced to keep the installment payments
• you were at the Preferred Rate in the last Review Period or you are at the end of 12 billing periods in which the Standard Rate or the same. We may round amounts when we calculate the monthly fee and when we calculate the monthly increments and we may also make
Basic Rate applied adjustments to the final monthly repayment amount.

The Standard Rate set out in the information box will apply if your Account Payment Record in the Review Period shows: When you choose to reinstate Points deducted due to a Missed Payment, the applicable Points Reinstatement fee set out in the information box
• 2 separate Missed Payments will be charged. Missed Payment means we did not receive the required monthly payment due by the payment due date.

The Basic Rate set out in the information box will apply if your Account Payment Record in the Review Period shows: LEGAL EXPENSES: In the event of any default, you will be responsible for all reasonable costs incurred by us or our agents for legal services
• 3 or more separate Missed Payments retained to collect or attempt to collect payment.

Whenever the Standard Rate or Basic Rate applies, the rate will not be decreased for at least 12 billing periods from the effective date of the UNAUTHORIZED CHARGES: You must protect your card, account information, and the personal authentication information created or
rate. If the Standard Rate applies, the rate is subject to increase to the Basic Rate as determined by your Account Payment Record in the adopted in relation to your card or account. Tell us immediately if your card is lost or stolen or if there is risk of unauthorized access or use of
Review Period. your account. Provided you and any supplementary cardmember did not demonstrate gross negligence (in Quebec, gross fault), in safeguarding
your card, account information or your personal authentication information, then you will not be liable to us for any unauthorized charges.
We may, but are not obligated to, make special interest rate or other offers such as: (i) an installment program offer; (ii) a special rate offer on
purchases; or (iii) a special rate offer on balance transfers/Amex cheques at any time. For the installment program offer: if at any time after a STATEMENTS: We will provide you with a monthly statement for each billing period during which there are any charges or a balance owing
new installment plan is created, you do not make your minimum payment by the date of the next billing statement, all installment plans active on the account. However, we may not provide a statement if your account has been suspended or cancelled due to default.
at that time will be cancelled. For special rate offer on purchases or balance transfers: if at any time after the date that the first special rate offer
transaction is posted to your account, you do not make your minimum payment by the payment due date (Missed Payment), that special rate PARTICULARS OF RIGHTS AND OBLIGATIONS: In addition to this Disclosure Statement and the Information Box, the Cardmember
offer will be revoked. After an installment plan or that special rate offer expires or is revoked or cancelled: Agreement contains rights and obligations, including your rights to (i) make a payment at any time, and (ii) close your account; and your
• the balance that is subject to the installment program or the special rate offer on purchases will be treated in the same way as obligations to: (i) inform us of changes to your contact information, (ii) remain within the credit limit (but we may permit you to exceed it), (iii)
purchases as set out in this disclosure, including the applicable annual interest rate that applies to purchases at that time. Where an review your statements and raise concerns with us promptly, (iv) pay all amounts you owe, and (v) not use the card for prohibited purposes.
installment plan is cancelled, the date on which interest will apply to the remaining balance from that installment plan is, subject to
the interest-free grace period, the first day of the next billing period following cancellation. The applicable interest rate will be the The information box and Disclosure Statement were correct at the time of publication and are subject to change by Amex Bank of Canada in
rate then in effect for purchases as disclosed in your Information Box and Disclosure Statement and not any promotional rate that may accordance with the Cardmember Agreement. The Cardmember Agreement includes additional details. For current information about the
otherwise apply to your account. account or if you have questions about the terms and conditions of the Cardmember Agreement please contact us by telephone from anywhere
• the balance that is subject to the special rate offer on balance transfers/Amex cheques will be treated in the same way as funds in Canada and the U.S.: 1-800-869-3016 or 1-866-549-6426 (TTY/TDD) or from Toronto: (905) 474-0870 or International: (905) 474-0870
advances as set out in this disclosure, including the applicable annual interest rate that applies to funds advances at that time. (please call collect).

The Account Payment Record criteria and annual interest rates set out in this disclosure are subject to change in accordance with the Membership Rewards® Program
Cardmember Agreement. For the Basic Cardmember, enrollment in the Membership Rewards Select Tier of the Membership Rewards Program is included with this
Cobalt Card. For full Membership Rewards Program Terms and Conditions, visit membershiprewards.ca.
INTEREST-FREE GRACE PERIOD: The interest-free grace period on new purchases set out in the information box will apply from the
Closing Date on your statement to the payment due date if we receive payment in full (except installment program balances that are not yet
due) by the payment due date. If we do not receive payment in full by the payment due date, the grace period on your next statement will be
extended as set out in the information box. Interest will be charged on any previous balances during this period. For residents of Quebec, the
interest-free grace period applies to all purchase balances each month, if we receive payment in full by the payment due date. There is no
interest-free grace period for funds advances, Amex cheques and balance transfers if offered.

DETERMINATION OF INTEREST: Interest is calculated on the daily closing balance and is charged to your account on the last day of the
billing period. Subject to the interest-free grace period, interest on a purchase and fees (except the funds advance fee) applies from and
including the transaction date or from and including the first day of the billing period in which it is first charged to your account, if that date is
 EXAMPLES OF MONTHLY CREDIT CHARGES

Examples of monthly credit charges at the annual interest rates set out in the information box (assuming a balance owing during a
30-day month covered by a statement of account and no other fees, additional payments or charges. All amounts rounded to the
nearest cent):
American Express Cobalt® Card
Annual Rate Average Monthly Balance
$1,000 $5,000 $10,000 INFORMATION BOX
20.99% $17.25 $86.26 $172.52
21.99% $18.07 $90.37 $180.74
Initial Credit $5,000,000
Limit
______________________________________________________________________________________________________________

®: Used by Amex Bank of Canada under license from American Express. Copyright ©: Amex Bank of Canada, 2022. Preferred Rate for Purchases: 21.99%.

767-IBQ (04/24)
Preferred Rate for Funds Advances: 21.99% effective from the day account is opened.

Interest rates will increase to the Standard Rate of 25.99% for the next 12 billing periods if in any
Annual Interest 12 month period you have 2 separate Missed Payments.
Rate
Interest rates will increase to the Basic Rate of 28.99% for the next 12 billing periods if in any 12
month period you have 3 or more separate Missed Payments.

“Missed Payment” means we did not receive the minimum monthly payment by the payment due
date.

21 days on new purchases from the Closing Date on your statement if we receive payment in full by
Interest-free the payment due date and if we do not, up to 25 days for new purchases on your next statement. For
residents of Quebec, the interest-free grace period applies to all purchase balances each month, if we
Grace Period
receive payment in full by the payment due date. There is no interest-free grace period for funds
advances, Amex cheques and balance transfers, if offered.

Interest is calculated on the daily closing balance and is charged to your account on the last day of the
billing period. Subject to the interest-free grace period, interest on a purchase and fees (except the
funds advance fee) applies from and including the transaction date or from and including the first day
Determination of
of the billing period in which it is first charged to your account, if that date is later, until the day we
Interest receive payment in full. On a funds advance, funds advance fee, Amex cheque and balance transfer,
interest is always charged from and including the transaction date until the day we receive payment in
full.

The Minimum Payment is the lesser of (1) or (2), calculated as follows:

(1) the total of: (a) any previously billed minimum payment that remains unpaid on the Closing Date
of the statement + (b) if applicable, installment amounts (including installment fees) charged on the
billing statement PLUS
(for non-Quebec residents): (c) $10 + (d) Interest, Overlimit fees and Dishonoured Payment fees; or
(for Quebec residents whose accounts were opened on or after August 1, 2019): (c) 5% of the
remaining balance owing that month.
(for Quebec residents whose accounts were opened prior to August 1, 2019): (c) 2% for
Minimum statements dated on or after April 1, 2020, and the following percentages apply for statements
Payment dated on or after the following dates:
• August 1, 2020 – 2.5%;
• August 1, 2021 – 3%;
• August 1, 2022 – 3.5%;
• August 1, 2023 – 4%;
• August 1, 2024 – 4.5%;
• August 1, 2025 – 5%.
OR (2) the entire new balance of the billing statement

Charges and refunds in a currency other than Canadian dollars will be converted into Canadian
dollars by our affiliate on the date we process the charge or refund. Unless your charge or refund is in
U.S. dollars, it will first be converted to U.S. dollars and then into Canadian dollars. Unless required
Foreign Currency by law or used by custom, conversion rates are based on interbank rates selected from customary
Conversion industry sources on the weekday prior to the processing date (except January 1 and December
25), which we increase by a single conversion commission of 2.5% of each charge. Any conversion
commission we apply to the original charge will not be returned on a refund.

Basic Card: $12.99 charged on 1st statement after Card issued and once a month thereafter
Annual Fees (regardless of card activation). Equals a total fee of $155.88 per year of Card membership.
Supplementary Cards: $0.
®
: Used by Amex Bank of Canada under license from American Express.
MD
: utilisée par la Banque Amex du Canada en vertu d´une licence accordée par American Express.

Other Fees Charged on the day the transaction occurs except as noted: