More Information about Interest and the Grace Period: When interest is charged on a new Purchase, it is charged from its Transaction date. Interest is charged on Cash Advances from the date they are taken. Interest is charged on Balance Transfers and Convenience Cheques from the date they are posted to your Account. If you do not pay your new Balance in full by the payment due date shown on the monthly statement displaying the new Balance, we will extend the payment due date in the following monthly statement period. Interest will continue to accrue for the extended period. When you pay your Balance in full, your payment due date will revert to at least 21 days after the last day of the monthly statement period shown on the next ensuing monthly statements.
Balance Alerts: If the Primary Cardholder has provided the necessary contact information to Simplii Financial (email address, mobile number or registration for Simplii Online Banking or Simplii Mobile Banking), Simplii Financial will send the Primary Cardholder an electronic alert when the Available Credit on the Account falls below an amount set by the Primary Cardholder, or $100 in the absence of a set amount. The Primary Cardholder may opt out of these alerts by following the instructions in the alert message (or otherwise provided by Simplii Financial), or through Simplii Online Banking or Simplii Mobile Banking. The Primary Cardholder may change alert preferences through Simplii Online Banking or Simplii Mobile Banking or by contacting Telephone Banking. Due to their nature, alerts may be intercepted, reviewed or altered by others with access to the Primary Cardholder’s account or device(s). Simplii Financial will not be liable for any losses arising out of the Primary Cardholder’s use of our inability to use the alerts, or if alerts are delayed or not delivered due to factors beyond Simplii Financial’s reasonable control except as may be required by applicable law.
Lost and Stolen Cards: You must tell us immediately if your Card or Card Details are lost or stolen or your Account is compromised. If you report that your Card, account information, including Card Details or PIN has been lost or stolen or is otherwise at risk of being used in an unauthorized manner, you will not be liable for any unauthorized Transactions following the receipt of that report. If the Card, account information, including Card Details or PIN is used in an unauthorized manner, the maximum liability you will incur is $50, unless a Cardholder has demonstrated gross negligence in safeguarding their Card, account information, such as Card Details or PIN. Please see your Simplii Financial Credit Card Agreement for more information.
Interpretation: Capitalized terms used in this Summary of Rates and Fees have the meanings given to them in the Simplii Financial Credit Card Agreement unless otherwise defined.
For more information, please contact Simplii Financial at 1-888-723-8881 Opens your phone app. (from Canada and the U.S.) or 416-223-0263 Opens your phone app. (from anywhere else). For TTY service (teletypewriter users only), please call 1-888-632-9022 Opens your phone app.. The Simplii Financial Credit Card Agreement and other information may also be obtained from www.simplii.com. The above is just a summary. For full details about your rights and obligations see the Simplii Financial Credit Card Agreement. The information in this Summary of Rates and Fees is current as of April 1st, 2021.
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“SIMPLII FINANCIAL” and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC.
“Simplii Financial” is a division of CIBC. Banking services are not available in Quebec.