ATB Financial - Personal Services - MasterCard - Preferred Fixed Rate MasterCard

The rate applicable for your ATB Preferred Fixed Rate MasterCard is based upon your payment history. You must repay your Card Account in accordance with the terms and conditions of the ATB Financial MasterCard Cardholder Agreement and in accordance with the additional terms outlined below.

If you do not pay the full amount of the new balance that is made up of goods and services purchased, on or before the Payment Due Date, you will incur cost of borrowing payable from the date of the transaction. The cost of borrowing is based upon the average daily balance of the Card Account at the rate specified below. The rate will continue to be charged until the interest-bearing balance of the account is paid in full. A cost of borrowing will be incurred on cash advances, including MasterCard cheques from the date of the advance until we receive payment in full. Daily interest rate is equal to the annual rate divided by 365 days.

The following interest rates may apply as set out in the Rate Schedule:

a) Preferred Rate
The Preferred Rate is the fixed annual interest rate of 9.9% (“Preferred Rate”). To continue to receive the Preferred Rate, we must receive the Minimum Payment by the Payment Due Date.

(b) Prime + 8.0%
Your Preferred Rate will be increased to Prime + 8.0%, if we do not receive your Minimum Payment on or before the Payment Due Date. The Prime + 8.0% rate would be effective from the first day of the applicable periodic billing Statement for the Payment Due Date. Your rate will be lowered to your Preferred Rate once you have paid the Minimum Payment by the Payment Due Date for three consecutive billing periods, in such case, we will lower your interest rate to the Preferred Rate from the beginning of the third billing period.

(c) Prime + 14.0%
Your annual interest rate will be increased to Prime + 14.0% if we do not receive the Minimum Payment before the Statement date following the Payment Due Date for any two consecutive billing periods. The Prime + 14.0% rate would be effective from the first day of the billing period in which your second payment was due. If three consecutive Minimum Payments are made, we will lower your annual interest rate to Prime + 8.0% from the beginning of the third billing period. If three additional consecutive Minimum Payments are made, your interest rate will be lowered to the Preferred Rate.

Rates are subject to change. We will provide 30 days notice to you if these rates change. The Prime + 8.0% and Prime + 14.0% rates are linked to ATB’s prime lending rate (which may change at anytime without notice). You can confirm your interest rate by checking the front of your Statement.

To ensure your Minimum Payment is consistently paid on time, you can enroll in our Autopay service. Every month, Autopay will automatically debit your deposit account with a designated amount. Let us make your payment arrangement for you, please call
1-888-ATB-5678 to enroll.

ATB Financial Prime Rate

Prime Lending Rate means the rate of annual interest established from time to time by ATB as the base rate
of interest for the determination of the interest rates that ATB will charge to its borrowers for various types
of loans.

Additional Information

To learn more about ATB Financial MasterCards or to apply for your MasterCard today, select an option below:

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MasterCard Benefits
MasterCard Cardholder Agreement (PDF - 59k)

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For more information about ATB Financial's MasterCard products, call us at 1-888-ATB-5678 today or visit any branch of ATB Financial. For the address of a location nearest you, please browse this site using the Branch Locator.