ATB Preferred^® Variable-Rate Mastercard^®

You're eligible to apply for an ATB Preferred Variable-Rate Mastercard if you meet all the following criteria:

• are a resident of Alberta
• are at least 18 years old
• have not declared personal bankruptcy in the past five years
• intend to use the card for personal use only

Yes. You can apply for this card with a co-applicant and use it jointly. Both co-applicants must meet the eligibility requirements.

For this card, a preferred rate is a lower interest rate. A typical purchase interest rate on our standard ATB Mastercards is 19.9% where a preferred variable purchase interest rate can be as low as Prime +5%. While the +5% (or +6% for cash advances) is fixed, the variable position is Prime. 

For example: if Prime is 2%, it means:
Purchase interest rate will be: 2% + 5% = 7%
Cash advance interest rate will be: 2% + 6% = 8%

Preferred variable rates can be slightly lower, but are subject to fluctuations with the prime interest rate. If consistency in your payments is important, a preferred fixed rate may be the better option.