SaksFirst Credit Cardholder Agreement.

Billing Cycle/Statement Period: The duration of each billing period for which a statement may be provided varies. It is typically between 28 and 31 days.

Annual Fee: $0

Interest-Free Grace Period: You will benefit from an interest-free grace period of at least 21 days on new purchases if you pay off your new regular balance in full by the payment due date.

Minimum Payment: If you reside anywhere other than the province of Quebec, your required minimum payment will be the greater of: (i) The sum of (a) 1% of your new total balance (excluding any balance on a special payment plan), (b) any interest charges you have, and (c) any monthly payment due under a special payment plan, rounded up to the nearest dollar, plus any amount past due; or (ii) $10 plus any amount past due; or (iii) any balance that exceeds your credit limit. If your new total balance is less than $10, then the minimum payment will be the new total balance.

If you reside in Quebec, your required minimum payment will be the greater of: (i) The sum of (a) 5% of your new total balance (excluding any balance on a special payment plan), and (b) any monthly payment due under a special payment plan, rounded up to the nearest dollar, plus any amount past due; or (ii) $15 plus any amount past due; or (iii) any balance that exceeds your credit limit. If your new total balance is less than $15, then the minimum payment will be the new total balance.

Table of examples of interest charges for a 30-day billing period

Annual Interest Rates	Average Daily Balance
	$100	$500	$1,000
22.95%	$1.91	$9.56	$19.12
29.9%	$2.49	$12.45	$24.91

If you would like to learn more about SaksFirst Credit account terms, click here to download the Cardholder Agreement (effective as of August 1, 2019).