No Interest No Payment

PLACE
STAMP
HERE
Buying jewellery is easy with the Peoples
credit card. It is accepted at all Peoples and
Mappins stores nationwide. The Peoples
credit card comes with a host of special
benefits and protection.
The benefits of having a Peoples credit
card include*:
• 10% off repairs everyday when you place
the repair on your Peoples credit card
PO BOX #4676 Station A
Toronto, Ontario
Canada, M5W 6A4
• No annual fee
• A selection of flexible credit programs
• Advance notice of exclusive offers only
available to Peoples credit card members
• Peoples credit card member-only discounts
• Optional Credit Insurance – conveniently
provides payment protection for your purchases
CITY
ENGROC(0914)
STREET
FROM
PROVINCE
POSTAL CODE
For over 90 years, Peoples has met the
needs of millions of loyal customers – we
are committed to extending that tradition
to all new Peoples credit card members.
*OAC. See attached cardholder
agreement for additional details.
APPLICANT'S INFORMATION
First Name
Street Address
City
SIN (Optional)
REQUIRED FIELDS
MAPPINS JEWELLERS CREDIT CARD APPLICATION
PEOPLES JEWELLERS CREDIT CARD APPLICATION
Postal
Code
-
-
Sr., Jr, Other
Apt. #
Apt #
(Please print in BLOCK letters all sections. Incomplete forms may result in the decline of your application)
Last Name
Prov.
E-mail Address (Optional)
Date of Birth (MM-DD-YYYY)
Previous Address (If less than 5 years)
Postal Code
(
Business Phone
Prov.
Monthly Gross Income
)
Home Phone
(
$
City
Monthly Mortgage / Rent Payment
)
$
Occupation
Housing Information
Employer Address
□ Own □ Rent
Employer
PLACE
ISSUE
PLACE
OFOF
ISSUE
Account Number:
Employee #:
Postal Code
c Cdn/Intl. Passport c Cdn Provincial Driver’s Licence c Cert. of Indian Status
c Cdn Perm. Resident Card c Cdn Gvt. Issued ID with photo c Military ID with photo
c Cdn Citizenship/Naturalization Card with photo
Prov.
AUTHORIZED USER INFORMATION (Complete to add an authorized user. See Authorized User Terms below and on back.)
First Name
Last Name
Sr., Jr., Other
Apt. #
City
Street Address
)
Date of Birth (MM•DD•YYYY)
(
Home Phone
$
IDENTIFIER NUMBER
STORE USE ONLY (Identification verification requires one form of ID)
ID #1:
Store #
Credit Limit:
APPLICANT - PLEASE READ AND SIGN THIS APPLICATION
In this application, the words “you,” “your” and “yours” mean the applicant (Primary Cardholder) and any Authorized User that has signed or has been added to this application by
the applicant. The words “we,” “us” and “our” and “TDFS” mean TD Financing Services Inc. and its affiliates. If you obtain a TDFS product that offers insurance benefits, “we”, “us”
and “our” also mean the insurers who provide those benefits from time to time and their reinsurers. The word “Information” means personal, financial and other details about you that
you provide to us and we obtain from others outside our organization, including through the products and services you use.
Consent to the Collection, Use and/or Disclosure of your Information. You agree that, at the time you request to begin a relationship with us and during the course of our relationship,
we may share your Information with our world-wide affiliates, and collect, use and disclose your Information as described in the Privacy Agreement found at
www.tdfinancingservices.com (a copy of which will be mailed to you with your Card), including for, but not limited to, the purposes of: identifying you, providing you with ongoing
service, helping us serve you better, protecting us both from fraud and error, complying with legal and regulatory requirements, and marketing products and services to you. We may
communicate with you for any of these purposes by telephone, fax, text messaging, or other electronic means, and automatic dialing-announcing device, at the numbers you have
provided us, or by ATM, internet, mail, email and other methods.To understand how you can withdraw your consent, refer to the ‘Marketing Purposes’ section of the Privacy Agreement
or contact us at 1-866-245-4722.
Authorized User Terms: If the Authorized User has not signed this application, you (the Primary Cardholder) have provided all information about the Authorized User with their consent
and you will provide them with a copy of the Privacy Agreement that we send to you including any replacements or amendments to that agreement.
Credit Consent: We will exchange information and reports about you with credit reporting agencies and other lenders at the time of and during the application process,
and on an ongoing basis to validate your identity, review and verify your creditworthiness, establish credit and hold limits, help us collect a debt or enforce an obligation
owed to us by you, and/or manage and assess our risks. You may choose not to have us conduct a credit check in order to assess an application for credit. Once you have
such a facility or product with us and for a reasonable period of time afterwards, we may from time to time disclose your Information to other lenders and credit reporting
agencies requesting such Information, which helps establish your credit history and supports the credit granting and processing functions in general. We may obtain
Information and reports about you from Equifax Canada Inc., Trans Union of Canada, Inc. or any other credit reporting agency. You may access and rectify any of your
personal Information contained in their files by contacting them directly through their respective websites www.consumer.equifax.ca and www.transunion.ca. Once you
have applied for any credit product with us, you may not withdraw your consent to this exchange of Information.
SIGNATURE OF APPLICANT (Primary Cardholder)
DATE (mm/day/year)
SIGNATURE OF AUTHORIZED USER (OPTIONAL)
By signing below, I confirm that I have read and agree to the terms and conditions above and on the reverse of this application, including the Cardholder Agreement and Disclosure
Statement (Credit Card Rates and Fees) and if approved, I consent to TD Financing Services Inc. providing me with the Card.
DATE (mm/day/year)
Payment Protector Plus ACCEPTED
Payment Protector Plus DECLINED
Date
PJMJ•916•CON•ENG•AOC(0914)
Please enroll me in the TD Financing Services Payment Protector Plus optional credit insurance plan. I understand that: (a) I am free to cancel at any time; (b) If I cancel
within the first 30 days, I will receive a full refund; (c) insurance is not required to obtain a credit card; (d) cost is $1.20 (plus applicable taxes) per $100 of my average daily
balance on my monthly statement as calculated under the general terms and conditions of the Cardholder Agreement of my Account. I agree that the premiums (plus applicable taxes) for this insurance coverage will be automatically billed to my TD Financing Services Inc. Credit Card Account and my acceptance of this Account constitutes
my agreement to such billing. Optional Payment Protector Plus is not available in the province of Quebec.
X
Applicant’s Signature
APP•PEO•ENG•ROC•RMI (0914)
PEOPLES JEWELLERS INFORMATION BOX – this is a summary only. See below box for full details.
Initial Credit Limit
Annual Interest Rates
$____ ____,____ ____ ____
This interest rate is in effect the day you use or activate your Account, or sign your Card.
• Preferred Rate on Purchases: 28.9%.
Your Preferred Rate on Purchases will increase by 7% and the Regular Rate of 35.9%
will apply if we do not receive the Minimum Payment by the Payment Due Date shown
on your Statement 2 or more times in any 12 consecutive Statement periods.
These Promotional Rate(s) may also apply on Purchases, if offered to you, and you
are approved by us:
• No Interest with Minimum Payment Promotional Offer: 28.9% from the date of the
transaction, with interest waived for 3, 6, 12, 18 or 24 months.
• No Interest No Payment Promotional Offer: 28.9% from the date of the transaction,
with interest waived for 3, 6, 12, 18 or 24 months.
• Low Interest Rate with Fixed Payment Amount Promotional Offer: 9.90% for 36
months, from the date of the transaction.
We may cancel any Promotional Offer in which you are participating if you default in
complying with any term of the Cardholder Agreement including failing to make any
Minimum Payment by the Payment Due Date or failing to make any payment due
under any Promotional Offer. The Preferred Rate of 28.9% will immediately apply on
the date of such default.
Interest-free Grace period
25 days
You will benefit from an interest-free grace period of 25 days on Purchases if we
always receive payment in full of the Balance, every month, by the Payment Due Date.
If interest is charged, it is calculated on the closing Balance on your Account each day,
Determination of Interest
and is charged monthly to your Account on the last day of your billing cycle (the
statement period). If interest applies to your Account, it is charged from the date of the
Transaction until we receive payment in full of the amount of the Transaction.
Minimum Payment
3.5% or $15.00
Your Minimum Payment will be the greater of 3.5% of the Balance of your Regular
Credit Purchases or $15.00 (plus any past due amount and the minimum payment, if
any, due for each Promotional Offer) and for the Low Interest Rate with Fixed Payment
Amount Promotional Offer you may be participating in being (i) 3.196% of the
amount of the Purchase for a 36-month Promotional Term.
Foreign Currency Conversion Not available.
No annual fee.
Annual Fees
To be charged when the transaction occurs:
Other Fees
• NSF (Non-Sufficient Funds): $45.00
• Statement Copy Charge: $5.00
Applicant Terms and Cond
The Applicant (referred to as “I”, “my” or “me”), ce
provided in connection with my application is com
resident of Canada and have reached the age of maj
where I reside; (iii) I hereby apply for and request TD F
to establish a credit card account (“Account”) to prov
Cardholder Agreement provided to me and to issue a
“Card”), and renewals and replacements from time
only if my application is approved; (iv) I acknowl
Cardholder Agreement and Disclosure Statement pri
I agree to read and be bound by the Cardholder Agree
as amended or replaced from time to time; (vi) I also
application, Cardholder Agreement and Disclosure St
on my Account (including if that Authorized User has
also read and be bound by the Cardholder Agreemen
amended or replaced from time to time; (vii) I agr
applying and will be the Primary Cardholder on the A
all use of the Account and all interest, fees and other c
those made by any Authorized Users.
Cardholder Agreemen
In this section entitled “Cardholder Agreement”,
“yours” means each Cardholder. The words “we”, “u
TD Financing Services Inc. and its affiliates. If you ob
insurance benefits, “we”, “us” and “our” also mean
benefits from time to time and their reinsurers. The w
Jewellers. Read this Agreement carefully and keep it
acknowledge receipt of a copy of this Agreement at th
and prior to the extension of credit. Signing, act
Account means that you have read this Agreemen
Agreement replaces any previous Agreements provi
1. Definitions: In this Agreement, the words listed bel
“Account” means the credit card account opened and m
“Agreement” means this Cardholder Agreement an
amended from time to time.
“Authorized User” means a person to whom a
authorization of the Primary Cardholder.
“Authorized User Card” means a Card issued to an
“Balance” means the total amount of all Transactions
the Disclosure Statement), interest and other amount
less any payments or other credits which have been p
“Card” means a credit card issued by us to access t
replacement issued by us from time to time.
“Cardholder” means the Primary Cardholder and an
“Disclosure Statement” means the disclosure stat
Fees), as amended from time to time, that is attache
“Preferred Rate” means the annual interest rate ide
in the Disclosure Statement as such rate may be ch
notice to you.
“Primary Cardholder” means the person who applie
whose name is on the Account and to whom a Card
“Promotional Due Date” means the last day of the P
“Promotional Offer” means a special promotional of
from time to time as contemplated in Section 6 of th
“Promotional Term” means the period of time that ap
Offer, as stated in the promotional materials or sale
the Merchant, that Purchases (including applicable
and any other Transactions will be subject to the term
“Purchase” means an advance from us that equals t
services (plus applicable taxes) charged to your Acc
“Regular Credit Purchase” means a Purchase, other
to a Promotional Offer during the Promotional Term
balance owing for a Purchase that is subject to
Promotional Due Date or after a Promotional Offer
default under this Agreement.
“Regular Rate” means the annual interest rate iden
the Disclosure Statement, as such rate may be ch
notice to you.
“Transaction” means any use of the Card or the
(including through a Promotional Offer) or any o
including interest charges, fees, payments, and cred
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Applicant Terms and Conditions
The Applicant (referred to as “I”, “my” or “me”), certifies that: (i) the information
provided in connection with my application is complete and accurate; (ii) I am a
resident of Canada and have reached the age of majority in the province or territory
where I reside; (iii) I hereby apply for and request TD Financing Services Inc. (“TDFS”)
to establish a credit card account (“Account”) to provide credit under the terms of the
Cardholder Agreement provided to me and to issue and send to me a credit card (the
“Card”), and renewals and replacements from time to time. Credit will be extended
only if my application is approved; (iv) I acknowledge receipt of a copy of the
Cardholder Agreement and Disclosure Statement prior to the extension of credit; (v)
I agree to read and be bound by the Cardholder Agreement and Disclosure Statement
as amended or replaced from time to time; (vi) I also agree to provide a copy of the
application, Cardholder Agreement and Disclosure Statement to any Authorized User
on my Account (including if that Authorized User has signed the application) who will
also read and be bound by the Cardholder Agreement and Disclosure Statement as
amended or replaced from time to time; (vii) I agree and acknowledge that I am
applying and will be the Primary Cardholder on the Account and I am responsible for
all use of the Account and all interest, fees and other charges to my Account, including
those made by any Authorized Users.
Cardholder Agreement
In this section entitled “Cardholder Agreement”, the words “you”, “your” and
“yours” means each Cardholder. The words “we”, “us” and “our” and “TDFS” mean
TD Financing Services Inc. and its affiliates. If you obtain a TDFS product that offers
insurance benefits, “we”, “us” and “our” also mean the insurers who provide those
benefits from time to time and their reinsurers. The word “Merchant” means Peoples
Jewellers. Read this Agreement carefully and keep it so you can refer to it later. You
acknowledge receipt of a copy of this Agreement at the time of signing the application
and prior to the extension of credit. Signing, activating or using your Card or
Account means that you have read this Agreement and accept its terms. This
Agreement replaces any previous Agreements provided to you for the Account.
1. Definitions: In this Agreement, the words listed below have the following meanings:
“Account” means the credit card account opened and maintained by TDFS for the Card.
“Agreement” means this Cardholder Agreement and the Disclosure Statement, as
amended from time to time.
“Authorized User” means a person to whom a Card has been issued at the
authorization of the Primary Cardholder.
“Authorized User Card” means a Card issued to an Authorized User.
“Balance” means the total amount of all Transactions, fees (including those set out in
the Disclosure Statement), interest and other amounts payable under this Agreement,
less any payments or other credits which have been posted to your Account.
“Card” means a credit card issued by us to access the Account and any renewal or
replacement issued by us from time to time.
“Cardholder” means the Primary Cardholder and any Authorized User.
“Disclosure Statement” means the disclosure statement (Credit Card Rates and
Fees), as amended from time to time, that is attached to this Agreement.
“Preferred Rate” means the annual interest rate identified as the “Preferred Rate”
in the Disclosure Statement as such rate may be changed from time to time upon
notice to you.
“Primary Cardholder” means the person who applied for the Card as the Applicant,
whose name is on the Account and to whom a Card has been issued.
“Promotional Due Date” means the last day of the Promotional Term.
“Promotional Offer” means a special promotional offer that is made available to you
from time to time as contemplated in Section 6 of this Agreement.
“Promotional Term” means the period of time that applies to a particular Promotional
Offer, as stated in the promotional materials or sales slips or invoices provided by
the Merchant, that Purchases (including applicable fees charged by the Merchant)
and any other Transactions will be subject to the terms of a Promotional Offer.
“Purchase” means an advance from us that equals the purchase price of goods and
services (plus applicable taxes) charged to your Account.
“Regular Credit Purchase” means a Purchase, other than a Purchase that is subject
to a Promotional Offer during the Promotional Term, but includes any outstanding
balance owing for a Purchase that is subject to a Promotional Offer after the
Promotional Due Date or after a Promotional Offer is cancelled as a result of your
default under this Agreement.
“Regular Rate” means the annual interest rate identified as the “Regular Rate” in
the Disclosure Statement, as such rate may be changed from time to time upon
notice to you.
“Transaction” means any use of the Card or the Account to make a Purchase
(including through a Promotional Offer) or any other charges to the Account,
including interest charges, fees, payments, and credit or debit adjustments.
2. Use of Card and Making Payments: You may make Purchases using your Card
and any other type of Transaction that we allow from time to time wherever the Card
is accepted. You authorize us to charge your Account with the amount of each
Transaction. You must sign your Card as soon as you receive it. You agree not to
use the Card or the Account for anything that is illegal or fraudulent. We reserve the
right to block use of the Card and prevent use of the Account without telling you in
advance if we suspect illegal, unauthorized or fraudulent use of the Account.
If your Payment Due Date falls on a Saturday, Sunday or a holiday in the province in
which your Account was opened, and we receive at least your required payment, as
set out on your statement, by the next day that is not a Saturday, Sunday or holiday
in the province in which your Account was opened, you will not be in default under
this Agreement and that payment will be considered to be made on time.
If you use or give the Account number to someone for a Purchase or if you otherwise
authorize the Account to be charged without presenting the Card or without signing a
sales draft (including by mail, telephone, Internet or any other electronic method of
communication), the legal effect is the same as if you had presented the Card and/or
signed a sales draft or slip. If a Cardholder has at any time authorized a person to use
the Account, the Primary Cardholder will be liable for any use of the Account by that
person even though a Cardholder intended to limit that authorization to a particular use
or time. Please read Section 14 (“Electronic Services/Use of PIN and Password with
Card”) for more details about the use of your Card with a PIN or Password.
3. Statements: Each month we send a statement (the “Statement”) to the Primary
Cardholder’s address. We will not issue you a statement if there is no outstanding
Balance and there has been no activity on your Account (including any Promotional
Offers where payments and interest are waived or reduced in that month). The
number of days covered by a statement is between 28 and 33 days depending on
when your statement period ends. You must tell us no later than 30 days following
your statement date, of any error or omission in your statement. Otherwise, you agree
that your statement is correct, except for any amount that we have improperly
credited to your Account which we may reverse at any time. If you do not receive
your statement in any month for any reason, you must contact us to obtain the
information required to meet your payment obligations. Where there is an Authorized
User, each such individual acknowledges that statements and other mailings will be
sent to the address of the Primary Cardholder only. It is therefore the responsibility
of an Authorized User to obtain information from the Primary Cardholder.
4. Credit Limit and Overlimit Fee: We will determine the maximum amount that
may be charged on the Account at any time (the “Credit Limit”). The current Credit
Limit is shown on the Card carrier that you receive with your Card. Your Credit Limit
may be reduced from time to time, without prior notice to you, as shown on the
monthly statement. We will not increase your Credit Limit without obtaining the
express consent of the Primary Cardholder prior to doing so. The new Credit Limit will
be shown on the monthly statement that we provide to you. The amount of credit that
is available to you at any time (your “Available Credit”) is the positive difference
between the Credit Limit and the Balance that is outstanding on the Account at such
time. Depending on your method of payment, it may take up to five business days
before your Available Credit is increased by the amount of any payment that you make.
If the Balance owing on the Account at any time exceeds that Credit Limit, we may
refuse to extend further credit until you have made a payment to bring your
outstanding Balance below your Credit Limit. We may choose, from time to time and
without notice to you, to allow the Balance that is outstanding on the Account to
exceed the Credit Limit, but we are not required to do so even if we have done so
before. If we allow you to exceed the Credit Limit, the Primary Cardholder is
responsible for and must pay the amount that exceeds the Credit Limit when the
statement is received. The Primary Cardholder remains liable for the entire Balance
owing on the Account whether or not it exceeds the Credit Limit.
5. Interest and Grace Period: Interest accrues at the Preferred Rate on each
Purchase and any other amount that is charged to your Account from the Transaction
date that appears on your statement until the particular amount has been paid in full.
The order in which amounts charged to your Account are paid is described below
(see Section 11 “How We Apply Payments to your Account”). We calculate interest
at the end of each payment period based on the average daily Balance. We do not
charge interest on interest until after default. You can avoid paying any interest on
the Balance that appears on your statement by paying the Balance in full by the
Payment Due Date shown on your statement (other than interest on Purchases made
under any Promotional Offers where interest will be charged as described in Section
6 (“Promotional Offers and Interest on Promotional Offers”)of this Agreement).
The number of days between the Statement Date and the Payment Due Date shown on
your monthly statement is the Grace Period. The minimum Grace Period is 25 days.
6. Promotional Offers and Interest on Promotional Offers: We may from time to
time make available to you in connection with a Purchase one of the special
promotional offers described below (each, a “Promotional Offer”). Each Promotional
Offer is subject to the terms of this Agreement and to any additional terms contained
in any promotional material and/or sales drafts or slips provided by the Merchant for
Purchases subject to the particular Promotional Offer.
If you default in complying with any term of this Agreement, including failing to make
any Minimum Payment by the Payment Due Date or failing to make any payment due
under any Promotional Offer, we may, without notice to you, cancel each Promotional
Offer in which you are participating effective on the date that such default occurred.
On that date the Promotional Term will end and all Purchases (and any fees charged for
those Purchases) will then be treated as Regular Credit Purchases.
(a) “No Interest No Payment”: Interest at the Preferred Rate accrues on each
Purchase (and any fees charged for the Purchase) from the transaction date for
the Purchase, but interest that accrues during the Promotional Term will be
waived if you pay the balance outstanding under this Promotional Offer by the
Promotional Due Date.
(b) “No Interest with Minimum Payment”: Interest at the Preferred Rate accrues on
each Purchase (and any fees charged for the Purchase) from the transaction date
for the Purchase, but interest that accrues during the Promotional Term will be
waived if during the Promotional Term you pay the Minimum Payment (which
includes the portion of the Minimum Payment for this Promotional Offer) each
month by the Payment Due Date and if you pay the balance outstanding under
this Promotional Offer by the Promotional Due Date.
(c) “Low Interest Rate with Fixed Payment Amount”: Interest at the reduced rate
disclosed in the Disclosure Statement (rather than the Preferred Rate) accrues
on each Purchase during the Promotional Term provided that you pay each
monthly payment under this Promotional Offer when due. Each such monthly
payment is calculated by applying a special repayment factor (as disclosed in
the Disclosure Statement and that is based on the number of months in the
Promotional Term) to the amount of the Purchase.
7. Fees: You authorize us to charge your Account, where applicable, with the fees
shown on the Disclosure Statement.
8. Minimum Payment: You may pay your Balance in full at any time. However, each
month you must pay at least that portion of your Balance shown as the Minimum
Payment by the Payment Due Date shown on your statement. The Minimum Payment
is calculated in the manner outlined in the Disclosure Statement.
9. Good Standing: Your Account is considered to be in good standing when you are
in compliance with all terms of this Agreement. Your Account will not be in good
standing if you fail to make any Minimum Payment (as shown on your statement) by
the Payment Due Date or fail to comply with any other term.
10. Our Rights if you Default: If you do not make the Minimum Payment on the
Payment Due Date, or otherwise do not comply with this Agreement, or if anything
occurs which causes us to believe that you will be unable to make payment or
otherwise not be able to comply with this Agreement:
a) the entire Balance will, at our option, become due and payable despite any other
provision of this Agreement, together with interest at the annual interest rate
then applicable on the Balance, or, if different interest rates apply at that time to
different portions of the Balance, then at the annual interest rate then applicable to
the particular portion of the Balance,
b) we may, without notice to you, deduct money from any other account that you
have with us or any of our affiliated companies and use it to pay the amount that
is owing to us, and
c) you must pay all our legal expenses, on a solicitor and own client basis (including
all legal fees charged by our own internal legal counsel) that we incur to collect
or attempt to collect what is owing to us.
11. How We Apply Payments to Your Account: We apply your Minimum Payment in
this order: interest; insurance premiums; fees; tax on insurance premiums; and
Purchases. If the amount you pay at any time exceeds the Minimum Payment that is
then due, such excess payment will be applied in this order: (1) to amounts appearing
on your monthly statement carrying the highest rate of accruing interest and then to
other such amounts in descending order based on the interest rate accruing on those
amounts, provided that if you have a balance owing under a Promotional Offer (whether
or not interest is accruing on that balance) under which an amount is required to be paid
before the end of the second billing cycle following the billing cycle in which such excess
payment is made, we will apply such excess payment first against such required
payment before we apply it in the above order in this paragraph (1), unless your
Promotional Offer specifically provides otherwise; (2) after application under paragraph
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DATE (mm/day/year)
SIGNATURE OF AUTHORIZED USER (OPTIONAL)
Payment Protector Plus DECLINED
SIGNATURE OF APPLICANT (Primary Cardholder)
Payment Protector Plus ACCEPTED
Please enroll me in the TD Financing Services Payment Protector Plus optional credit insurance plan. I understand that: (a) I am free to cancel at any time; (b) If I cancel
within the first 30 days, I will receive a full refund; (c) insurance is not required to obtain a credit card; (d) cost is $1.20 (plus applicable taxes) per $100 of my average daily
balance on my monthly statement as calculated under the general terms and conditions of the Cardholder Agreement of my Account. I agree that the premiums (plus applicable taxes) for this insurance coverage will be automatically billed to my TD Financing Services Inc. Credit Card Account and my acceptance of this Account constitutes
my agreement to such billing. Optional Payment Protector Plus is not available in the province of Quebec.
X
PJMJ•916•CON•ENG•AOC(0914)
APP•PEO•ENG•ROC•RMI (0914)
Date
penses, on a solicitor and own client basis (including
r own internal legal counsel) that we incur to collect
s owing to us.
o Your Account: We apply your Minimum Payment in
premiums; fees; tax on insurance premiums; and
ay at any time exceeds the Minimum Payment that is
will be applied in this order: (1) to amounts appearing
ying the highest rate of accruing interest and then to
ng order based on the interest rate accruing on those
e a balance owing under a Promotional Offer (whether
balance) under which an amount is required to be paid
g cycle following the billing cycle in which such excess
y such excess payment first against such required
the above order in this paragraph (1), unless your
vides otherwise; (2) after application under paragraph
17. Problems with Merchants: We are not responsible if, for any reason, your Card
is not honoured. If you have problems regarding any product or service purchased
through the use of your Card, you must settle the problem directly with the merchant
(including the Merchant). Even if you have a problem with a merchant (including the
Merchant), you must make at least the monthly Minimum Payment by the Payment
Due Date shown on your statement in order to keep your Account in good standing
and you remain responsible for the Balance. We shall not be liable for any loss or
damage incurred as a result of our inability to authorize or process any Transaction
or for taking any other action contemplated by law.
18. Credits from Merchants: If a merchant (including the Merchant) issues you a
credit note, we credit it to your Account on the day we receive it. However, if we have
charged you any interest as a result of the original Transaction, we will not refund this
interest to you.
19. Changing your Address: You must provide us prompt written notice of any
change in your address, your name or other information about you.
20. Cancellation: We have the right at any time without notifying you in advance,
unless required by law, to:
• cancel any Card on your Account;
• cancel any Promotional Offers;
• withdraw your rights and privileges in respect of your Card and Account; and
require the immediate return or destruction of all Cards.
You may also cancel this Agreement by telling us in writing. Upon cancellation, you are
not entitled to use your Card or Account and must repay any outstanding Balance and
accrued interest immediately. We may deduct money from any other account that you
have with us or any of our affiliated companies, and use it to pay the amount that you
owe us, without notice to you. You must pay all legal fees and expenses that we incur
to recover amounts under this Agreement, as permitted by applicable law. Even if we
have withdrawn your rights and privileges on your Card and Account, this Agreement
remains in effect, for as long as any Balance is owing on the Account.
21. Changes to this Agreement: We may make changes to this Agreement,
including the interest rate and fees, by giving notice of the change to the Primary
Cardholder, at their most recent address in our records, or in some other way.
Benefits, services and coverages associated with any Card or the Account may also
change or end by giving notice to the Primary Cardholder.
22. Cancellation of Authorized User Card(s): We may cancel an Authorized User
Card or withdraw or limit access to the Account at any time without telling you in
advance. The Primary Cardholder may also cancel an Authorized User Card by
providing us with notice in writing instructing us to cancel the Authorized User Card
and confirming that the Authorized User Card is in the possession of the Primary
Cardholder or has been destroyed. In either case, cancelling an Authorized User Card
will not affect the Primary Cardholder’s obligation to pay all amounts owing on the
Account before such cancellation. The Primary Cardholder will continue to be
responsible for and will pay us for all amounts owing on the Account for any
Purchases or other Transactions incurred by any Authorized User.
23. Card Ownership: Your Card is owned by TDFS. You do not have the right to
assign or transfer your rights and obligations under this Agreement, your Card or
your Account to anyone else, but your obligations shall be binding on your estate
and legal representatives.
24. Assignment: We may sell, assign or transfer all or some of our rights or
obligations under this Agreement, without notice to you. In connection with any sale,
assignment or transfer, we may give Information about you and your Account to the
purchaser or transferee.
25. Severability: If any part of this Agreement is contrary to law, that part is
ineffective without invalidating the rest of the Agreement.
26. Governing Law: This Agreement will be governed by and interpreted in
accordance with the laws of the province or territory in Canada where you resided
when this Agreement was entered into and the laws of Canada, as applicable. If you
have not resided in Canada, this Agreement will be governed by and interpreted in
accordance with the laws of the Province of Ontario and Canada, as applicable.
Applicant’s Signature
Payment”: Interest at the Preferred Rate accrues on
s charged for the Purchase) from the transaction date
st that accrues during the Promotional Term will be
tional Term you pay the Minimum Payment (which
Minimum Payment for this Promotional Offer) each
Date and if you pay the balance outstanding under
he Promotional Due Date.
xed Payment Amount”: Interest at the reduced rate
Statement (rather than the Preferred Rate) accrues
he Promotional Term provided that you pay each
s Promotional Offer when due. Each such monthly
pplying a special repayment factor (as disclosed in
and that is based on the number of months in the
mount of the Purchase.
harge your Account, where applicable, with the fees
atement.
y pay your Balance in full at any time. However, each
at portion of your Balance shown as the Minimum
te shown on your statement. The Minimum Payment
ned in the Disclosure Statement.
nt is considered to be in good standing when you are
this Agreement. Your Account will not be in good
Minimum Payment (as shown on your statement) by
comply with any other term.
If you do not make the Minimum Payment on the
e do not comply with this Agreement, or if anything
lieve that you will be unable to make payment or
with this Agreement:
ur option, become due and payable despite any other
t, together with interest at the annual interest rate
nce, or, if different interest rates apply at that time to
nce, then at the annual interest rate then applicable to
Balance,
ou, deduct money from any other account that you
ffiliated companies and use it to pay the amount that
(1) above, if you have any other Promotional Offers outstanding under which any
payment thereunder is not due until after the end of the second billing cycle in which
such excess payment is made, to any such Promotional Offers beginning with the oldest
of such Promotional Offers; and then to (3) unbilled amounts carrying the highest rate
of interest and then to other unbilled amounts in descending order based on the interest
rate applicable to those amounts.
12. Benefits and Optional services: We, or third parties, may make special services
or benefits available to you which may be subject to additional terms and conditions.
All such benefits and services may be modified or cancelled without notice to you. We
are not responsible or liable for any product or service supplied by third parties.
Subject to applicable laws, if you have enrolled in optional credit insurance, insurance
premiums (plus applicable taxes) are treated as a Transaction, unless the promotional
material or sales slip indicates otherwise.
13. Security Interest: You hereby give TDFS a security interest in any items you or
any Authorized User purchase using your Account and the proceeds thereof, including
insurance proceeds (the “Collateral”). Additionally, you authorize us to file any
financing statements showing our security interest in the Collateral without your
signature and further agree we hold a purchase money security interest in the
Collateral. Any item of Collateral will remain as security for all Purchases until such
time as the Purchase for that item of Collateral is completely paid for. Where
permitted by law, you waive the right to receive a copy of any financing statement or
financing change statement registered by us.
14. Electronic Services/Use of PIN and Password with Card: The following
provisions apply if we allow you to access or use the Card or the Account (with or
without a personal identification code such as a Personal Identification Number (PIN),
and/or Password), over the phone, on the Internet or other electronic service or if we
allow you to access or use the Account using your Card with a PIN or Password
and/or not sign a sales draft.
a) Protecting your Card/PIN/Password: You are responsible for the care and
control of the Card and any personal identification number (PIN) or password
(Password) that may be provided to you with your Card. You must maintain
them safely at all times which includes: keep possession of the Card; keep your
PIN and Password separate from your Card; take all reasonable precautions to
ensure that no one finds out your PIN or Password, including while you key in
your PIN or Password at any point-of-sale terminal; keep your PIN and Password
strictly confidential; avoid such PIN or Password combinations that may be easily
determined by others, such as birthdays, phone numbers, age, Social Insurance
Number, etc.; ensure that each PIN or Password is unique; and contact us
immediately if your Card is lost or stolen PIN or Password becomes known to an
unauthorized person. Your Card, PIN and Password are reserved strictly for your
own use. If they are used by someone else, you will be required to prove that you
took all reasonable precautions to protect these items.
b) Your responsibility for use of the Card, PIN and Password: You are responsible
for the full amount of all authorized activity resulting from use of the Card, and
Card with PIN or Password for any service by any person. You are responsible
for the full amount of all unauthorized activity with respect to any service which
occurs before we receive notification that your PIN, Password or Card was lost
or stolen or that your PIN or Password may have become known to an
unauthorized person. On receiving such notice from you we will promptly block
the Card’s ability to access the Account or any services we may offer.
15. Account activity: Our records will be conclusive proof of use of the Account or
electronic services and will be considered your written request to perform the
Transaction. Even though you may be provided with a Transaction receipt, verification
or confirmation number, the following applies to all Transactions or other activity on
the Account:
• our acceptance, count and verification of Transactions will be considered correct
and binding unless there is an obvious error; and
• Transactions or other activity on the Account may be credited or debited by us
to the Account on a date determined by us. This date may be different than the
date on which the Transaction or other activity occurred.
16. Your Liability for Unauthorized Use of Cards: You must notify us immediately
by telephone or in writing of any actual or suspected loss, theft or unauthorized use
of your Card or Account. If you report your Card lost or stolen, you will not be liable
for any unauthorized transactions that occur after you notify us. We may require you
to pay up to a maximum of $50.00 for any unauthorized amounts charged to your
Account before you notify us. However, if the Account is used with a personal
identification code such as the Cardholder’s Personal Identification Number (PIN),
Connect ID and/or Password, the Primary Cardholder will be liable for the full amount
of all unauthorized Transactions which occur before notification.
APP•PEO•ENG•ROC•RMI (0914)
erest on Promotional Offers: We may from time to
connection with a Purchase one of the special
ow (each, a “Promotional Offer”). Each Promotional
his Agreement and to any additional terms contained
or sales drafts or slips provided by the Merchant for
lar Promotional Offer.
any term of this Agreement, including failing to make
ayment Due Date or failing to make any payment due
may, without notice to you, cancel each Promotional
ing effective on the date that such default occurred.
m will end and all Purchases (and any fees charged for
ated as Regular Credit Purchases.
: Interest at the Preferred Rate accrues on each
arged for the Purchase) from the transaction date for
that accrues during the Promotional Term will be
ce outstanding under this Promotional Offer by the
easy with the Peoples
cepted at all Peoples and
tionwide. The Peoples
with a host of special
ction.
ving a Peoples credit
veryday when you place
ur Peoples credit card
xible credit programs
of exclusive offers only
ples credit card members
ard member-only discounts
nsurance – conveniently
t protection for your purchases
Peoples has met the
of loyal customers – we
extending that tradition
credit card members.
e attached cardholder
for additional details.
DISCLOSURE STATEMENT – CREDIT CARD RATES AND FEES
The information in this Disclosure Statement is current to the date of your application.
Annual Interest Rate – 28.9% (the “Preferred Rate”) or 35.9% - (the “Regular Rate”)
See Section 5 (“Interest and Grace Period”) and Section 6 (“Promotional Offers and Interest on Promotional Offers’) of the Agreement.
Examples of Monthly Credit Charges based on billing period of 31 days.
Average Daily Balance
$ 500.00 $ 1,000.00 $ 1,500.00 $ 2,000.00 $ 2,500.00 $ 3,000.00 $ 3,500.00 $ 4,000.00 $ 5,000.00
Monthly credit charges based on the
$
Preferred Rate of 28.9%
Monthly credit charges based on the
$
Regular Rate of 35.9%
Monthly credit charges based on the
$
Promotional Rate of 9.90%
12.27 $ 24.55 $ 36.82 $ 49.09 $ 61.36 $ 73.64 $ 85.91 $ 98.18 $ 122.73
15.25 $ 30.49 $ 45.74 $ 60.98 $ 76.23 $ 91.47 $ 106.72 $ 121.96 $ 152.45
4.20 $
8.41 $ 12.61 $ 16.82 $ 21.02 $ 25.22 $ 29.43 $ 33.63 $ 42.04
Minimum Monthly Payment: The Minimum Payment due each month as shown on your statement is calculated in the following manner:
• the greater of $15.00 or 3.5% of the Balance of your Regular Credit Purchases; plus
• the minimum payment, if any, due for each Promotional Offer
For purposes of clarification, the Balance appearing on your statement will include any past due amounts and any amount over your Credit
Limit. You may also prepay all or part of the Balance at any time without any prepayment charge or penalty.
How Interest is Calculated: Interest accrues daily on any amount that is charged to your Account from the date that it is charged to your
Account until the particular amount has been paid but may be waived or reduced in accordance with the terms of a Promotional Offer.
See Section 6 (“Promotional Offers and Interest on Promotional Offers”) of the Agreement. Interest is calculated daily. Interest is charged
on overdue interest (compound interest) monthly after default.
Interest-Free Grace Period: Not less than 25 days for new Purchases under the Regular Credit Purchases which appear on your statement
for the first time and fees which appear on your statement for the first time if the Balance shown on your statement (other than for
Promotional Offers that are in good standing) is always paid in full by the Payment Due Date shown on your statement. See Section 5
(“Interest and Grace Period”) of the Agreement for more information about your Grace Period and how you can avoid paying interest.
This Interest-Free Grace Period does not apply to Purchases and fees that are subject to a Promotional Offer unless specified in that
Promotional Offer. See Section 6 (“Promotional Offers and Interest on Promotional Offers”) of the Agreement and “Promotional Offers”
below in this Disclosure Statement for details on how interest is applied to Purchases and fees under a Promotional Offer.
Statements: You will receive a statement each month which will cover a period of from 28 to 33 days depending on when your billing
cycle ends.
Maximum Liability for Unauthorized Use of Card: We may require you to pay us up to $50.00 for any unauthorized use of your Card,
until we receive notice from you of the loss, theft or unauthorized use of your Card.
Promotional Offers: You may be offered Promotional Offers from time to time. These Promotional Offers are subject to this Agreement,
including this Disclosure Statement, and any terms indicated in the promotional materials or sales slips or invoices provided by the
Merchant.
For each “No Interest No Payment” Promotional Offer with a Promotional Term for 3, 6, 12, 18 or 24 months, Interest at the Preferred
Rate accrues on each Purchase (and any fees charged for the Purchase) from the transaction date for the Purchase, but interest that
accrues during the Promotional Term will be waived if you pay the balance outstanding under this Promotional Offer by the Promotional
Due Date.
For each “No Interest No Payment” Promotional Offer, you will be charged a fee by the Merchant (which will form part of your Purchase
3 months - $4.99 6 months - $34.99 12 months - $34.99 18 months - $39.99 24 months - $39.99
For each “No Interest with Minimum Payment” Promotional Offer with a Promotional Term for 3, 6, 12, 18 or 24 months, Interest at the
Preferred Rate accrues on each Purchase from the transaction date for the Purchase, but interest that accrues during the Promotional Term
will be waived if during the Promotional Term you pay the Minimum Payment (which includes the portion of the Minimum Payment for this
Promotional Offer) each month by the Payment Due Date and if you pay the balance outstanding under this Promotional Offer by the Promotional
Due Date.
For each “No Interest with Minimum Payment” Promotional Offer, you will be charged a fee by the Merchant (which will form part of
your Purchase and/or will be included in the balance owing under the Promotional Offer) as set out opposite the applicable Promotional
Term below:
3 months - $4.99 6 months - $34.99 12 months - $34.99 18 months - $39.99 24 months - $39.99
Examples of credit charges for “No Inte
described below if outstanding for the e
Outstanding Balance 3
$500.00
$1,000.00
$1,500.00
$2,000.00
$2,500.00
$3,000.00
$3,500.00
$4,000.00
$4,500.00
$5,000.00
1
The calculation assumes that the outst
in full by the Promotional Due Date, in
(“Promotional Offers and Interest on P
Rate of 28.9%.
The Annual Percentage Rate (APR) on th
for the entire Promotional Term, is as fo
Calculation assumes a billing period of
Outstanding Balance
APR
for the Entire Month
3 mths 6 mths 12 mt
$300
6.5% 22.9% 11.4%
$400
4.9% 17.2% 8.6%
$500
3.9% 13.7% 6.9%
$600
3.3% 11.4% 5.7%
$700
2.8% 9.8% 4.9%
$800
2.4% 8.6% 4.3%
$900
2.2% 7.6% 3.8%
$1,000
2.0% 6.9% 3.4%
2
The APR calculation assumes that the
not paid in full by the Promotional Due
For each “Low Interest Rate with Fixed
(9.90%) disclosed in the chart above un
as specified on your promotional materia
Offer is the greater of $15.00 and the sum
3.196% of the amount of the P
Other Fees
NSF Fee:
$45.00 fo
Statement Copy Charge:
$5.00 for
TD FINANCING SERVICES PROBLEM R
If you have a problem or concern you m
Telephone: 1-866-728-4531 Fax: 1-80
Mail: TD Financing Services Inc. PO B
Email*: [email protected].
Please include your full name, address a
*For your protection, do not send confid
urgent or requires disclosure of confide
of our complaint process visit us at www
EES
n Promotional Offers’) of the Agreement.
000.00 $ 3,500.00 $ 4,000.00 $ 5,000.00
73.64 $ 85.91 $ 98.18 $ 122.73
91.47 $ 106.72 $ 121.96 $ 152.45
25.22 $ 29.43 $ 33.63 $ 42.04
ent is calculated in the following manner:
mounts and any amount over your Credit
ge or penalty.
nt from the date that it is charged to your
e with the terms of a Promotional Offer.
est is calculated daily. Interest is charged
urchases which appear on your statement
hown on your statement (other than for
hown on your statement. See Section 5
and how you can avoid paying interest.
omotional Offer unless specified in that
the Agreement and “Promotional Offers”
under a Promotional Offer.
33 days depending on when your billing
0 for any unauthorized use of your Card,
nal Offers are subject to this Agreement,
sales slips or invoices provided by the
8 or 24 months, Interest at the Preferred
date for the Purchase, but interest that
his Promotional Offer by the Promotional
t (which will form part of your Purchase
24 months - $39.99
3, 6, 12, 18 or 24 months, Interest at the
that accrues during the Promotional Term
portion of the Minimum Payment for this
r this Promotional Offer by the Promotional
by the Merchant (which will form part of
out opposite the applicable Promotional
24 months - $39.99
Examples of credit charges for “No Interest No Payment” and “No Interest with Minimum Payment” Promotional Offers on the balance
described below if outstanding for the entire Promotional Term1. Calculation assumes a billing period of 31 days.
Outstanding Balance 3 Months
6 Months
12 Months 18 Months 24 Months
$500.00
$36.82
$73.64
$147.27
$220.91
$294.54
$1,000.00
$73.64
$147.27
$294.54
$441.81
$589.08
$1,500.00
$110.45
$220.91
$441.81
$662.72
$883.63
$2,000.00
$147.27
$294.54
$589.08
$883.63 $1,178.17
$2,500.00
$184.09
$368.18
$736.36 $1,104.53 $1,472.71
$3,000.00
$220.91
$441.81
$883.63 $1,325.44 $1,767.25
$3,500.00
$257.72
$515.45
$1,030.90 $1,546.35 $2,061.80
$4,000.00
$294.54
$589.08
$1,178.17 $1,767.25 $2,356.34
$4,500.00
$331.36
$662.72
$1,325.44 $1,988.16 $2,650.88
$5,000.00
$368.18
$736.36
$1,472.71 $2,209.07 $2,945.42
1
The calculation assumes that the outstanding balance is not paid in full by the Promotional Due Date. If the outstanding balance is paid
in full by the Promotional Due Date, interest is waived on your Purchases that are subject to this Promotional Offer. See Section 6
(“Promotional Offers and Interest on Promotional Offers”) of the Agreement for details. Credit charges are calculated at the Preferred
Rate of 28.9%.
The Annual Percentage Rate (APR) on the balance described below (including the applicable fee charged by the Merchant) if outstanding
for the entire Promotional Term, is as follows:
Calculation assumes a billing period of 31 days.
Outstanding Balance
Outstanding Balance
APR2
APR2
for the Entire Month
for the Entire Month
3 mths 6 mths 12 mths 18 mths 24 mths
3 mths 6 mths 12 mths 18 mths 24 mths
$300
6.5% 22.9% 11.4% 8.7% 6.5%
$1,250
1.6% 5.5% 2.7% 2.1% 1.6%
$400
4.9% 17.2% 8.6% 6.5% 4.9%
$1,500
1.3% 4.6% 2.3% 1.7% 1.3%
$500
3.9% 13.7% 6.9% 5.2% 3.9%
$1,750
1.1% 3.9% 2.0% 1.5% 1.1%
$600
3.3% 11.4% 5.7% 4.4% 3.3%
$2,000
1.0% 3.4% 1.7% 1.3% 1.0%
$700
2.8% 9.8% 4.9% 3.7% 2.8%
$2,250
0.9% 3.1% 1.5% 1.2% 0.9%
$800
2.4% 8.6% 4.3% 3.3% 2.5%
$2,500
0.8% 2.7% 1.4% 1.0% 0.8%
$900
2.2% 7.6% 3.8% 2.9% 2.2%
$2,750
0.7% 2.5% 1.2% 1.0% 0.7%
$1,000
2.0% 6.9% 3.4% 2.6% 2.0%
$3,000
0.7% 2.3% 1.1% 0.9% 0.7%
2
The APR calculation assumes that the outstanding balance is paid in full by the Promotional Due Date. If the outstanding balance is
not paid in full by the Promotional Due Date, add the Preferred Rate to the APR disclosed above.
For each “Low Interest Rate with Fixed Payment Amount” Promotional Offer, the annual interest rate will be one of the Promotional Rates
(9.90%) disclosed in the chart above under “Monthly credit charges based on the Promotional Rate of” for a 36-month Promotional Term
as specified on your promotional materials or sales slip or invoice provided by the merchant. (i) The minimum payment for this Promotional
Offer is the greater of $15.00 and the sum of a special repayment factor on the amount of the Purchase of:
3.196% of the amount of the Purchase at 9.90% for a 36-month Promotional Term.
Other Fees
NSF Fee:
$45.00 for each cheque or other payment item which is dishonoured.
Statement Copy Charge:
$5.00 for each additional copy of an Account statement or other Account documentation.
TD FINANCING SERVICES PROBLEM RESOLUTION PROCESS
If you have a problem or concern you may contact a Customer Service Representative by telephone, fax, mail or email.
Telephone: 1-866-728-4531 Fax: 1-800-869-0791
Mail: TD Financing Services Inc. PO Box 4676, Station A Toronto, ON M5W 6A4
Email*: [email protected].
Please include your full name, address and telephone number in your communication.
*For your protection, do not send confidential information via email, as it is NOT a secure method of communication. If your request is
urgent or requires disclosure of confidential information for resolution, please call the appropriate number. For a more detailed overview
of our complaint process visit us at www.td.com.
Financial Consumer Agency of Canada
The Financial Consumer Agency of Ca
federally regulated financial institution
certain circumstances, to ensure that
consumer protection laws.
The FCAC also helps educate consume
codes of conduct and public commitmen
interests of consumers.
If you have a complaint regarding a
consumer protection law, a public com
code of conduct, you can contact the FC
Enterprise Building, 427 Laurier Avenu
1B9. The FCAC can also be contacted b
3222 (en français 1-866-461-2232) o
www.fcac-acfc.gc.ca. Please note, the
involved in matters of redress or compen
must follow the process set out above.
Example of how your premiums are calculated
Step 1: Determine the number of days in the
Insurance Billing Period
Insurance Billing Period is the same as the numb
monthly statement. For illustration purposes, we
Step 2: Calculate your Average Daily Balance
Calculate your Average Daily Balance by adding
entire Insurance Billing Period and divide by the
Insurance Billing Period (from Step 1)
Example: How to calculate your Average Daily
Insurance Billing Period Transaction
Day 1
$300 Purchase
Day 2 to 14 = 13 days*
No transactions
Day 15
$300 Payment
Day 16 to 30 = 15 days** No Transactions
Sum of total end of day balances for the
Insurance Billing Period
*$300 daily balance was outstanding for 13 day
** $0 daily balance was outstanding for 15 day
Your Average Daily Balance is $4,200/30 = $140
Step 3: Apply your premium rate
Using the TD Financing Services Payment Prote
premium rate is $1.20 per $100 of Average Daily
Daily Balance by the premium rate:
$140 × $1.20/$100 = $1.68
Step 4: Apply Provincial Sales tax (if applicabl
Provincial sales taxes apply in Manitoba (7%) an
In this example we will use the Ontario sales tax
Provincial sales taxes = $1.68 × 8% = $0.13
Total insurance premium including taxes = $1.68
alance
s paid
tion 6
ferred
nding
nce is
Rates
Term
otional
st is
rview
Financial Consumer Agency of Canada
The Financial Consumer Agency of Canada (FCAC) supervises
federally regulated financial institutions, and their affiliates in
certain circumstances, to ensure that they comply with federal
consumer protection laws.
The FCAC also helps educate consumers, and monitors industry
codes of conduct and public commitments designed to protect the
interests of consumers.
If you have a complaint regarding a potential violation of a
consumer protection law, a public commitment, or an industry
code of conduct, you can contact the FCAC in writing at: 6th Floor,
Enterprise Building, 427 Laurier Avenue West, Ottawa, ON K1R
1B9. The FCAC can also be contacted by telephone at 1-866-4613222 (en français 1-866-461-2232) or through its website at
www.fcac-acfc.gc.ca. Please note, the FCAC does not become
involved in matters of redress or compensation – all such requests
must follow the process set out above.
PM(0312)
Example of how your premiums are calculated
Step 1: Determine the number of days in the
Insurance Billing Period
Insurance Billing Period is the same as the number of days in your Credit Card
monthly statement. For illustration purposes, we will use a 30-day billing period.
Step 2: Calculate your Average Daily Balance
Calculate your Average Daily Balance by adding your End of Day Balance for the
entire Insurance Billing Period and divide by the number of days in the
Insurance Billing Period (from Step 1)
Example: How to calculate your Average Daily Balance
Insurance Billing Period Transaction
End of Day Balances
Day 1
$300 Purchase
$300
Day 2 to 14 = 13 days*
No transactions
$3,900 ($300x13)
Day 15
$300 Payment
$0
Day 16 to 30 = 15 days** No Transactions
$0 ($0x15)
Sum of total end of day balances for the
$4,200
Insurance Billing Period
($300 + $3,900 + $0 + $0)
*$300 daily balance was outstanding for 13 days from Day 2 to Day 14
** $0 daily balance was outstanding for 15 days from Day 16 to Day 30
Your Average Daily Balance is $4,200/30 = $140
Step 3: Apply your premium rate
Using the TD Financing Services Payment Protector Plus plan, the insurance
premium rate is $1.20 per $100 of Average Daily Balance. Multiply the Average
Daily Balance by the premium rate:
$140 × $1.20/$100 = $1.68
Step 4: Apply Provincial Sales tax (if applicable)
Provincial sales taxes apply in Manitoba (7%) and Ontario (8%).
In this example we will use the Ontario sales tax rate.
Provincial sales taxes = $1.68 × 8% = $0.13
Total insurance premium including taxes = $1.68 + $0.13 = $1.81
Payment Protector Plus Credit Insurance
Benefits, Exclusions and Disclosure Statement
Eligibility
You are eligible for enrollment if you are the Primary Cardholder of a TD
Financing Services Inc. credit card Account and a Canadian resident between
the ages of 18 and 65 who has been offered and accepted TD Financing
Services Payment Protector Plus. The Primary Cardholder and Spouse are
insured for Life, Dismemberment, and Accidental Death Insurance. The
Primary Cardholder is insured for Total Disability, Critical Illness, Disability
Requiring Hospitalization, and Involuntary Unemployment Insurance.
Cost
The monthly cost of the Coverage is $1.20 (plus applicable taxes) per
$100 of your average daily balance.
Involuntary Unemployment Coverage
Can pay your minimum monthly account payments, up to $10,000, if you
involuntarily lose your job or are unemployed due to labor disputes,
strikes or lockouts and remain unemployed for more than 30 consecutive
days. Benefits will start after the 30-day elimination period.
Involuntary Unemployment benefit payments will continue until the first
of the following events occurs: You return to work; or b) 24 consecutive
benefit payments have been made; or c) the Incurred outstanding balance
as at the time of Involuntary Unemployment has been paid; or d) $10,000
of benefits has been paid.
To qualify for this benefit, you must be working for 25 hours per week and
employed in a non-seasonal occupation with the same employer for at
least 3 consecutive months immediately prior to the date of loss. Unless
You are Unemployed due to labour disputes, strikes, or lockouts, You
must be registered and eligible for benefits with Human Resources and
Skills Development Canada (HRSDC).
Total Disability Coverage
Can pay minimum monthly account payments, up to $10,000, if you
become Totally Disabled and your disability lasts for more than 30
consecutive days. Benefits will start after the 30-day elimination period.
To qualify for this benefit, you must be employed for 25 hours per week
immediately prior to the date of loss.
Disability benefit payments will continue until the first of the following
events occur: a) You are no longer Totally Disabled; or b) You become
Employed; or c) 24 consecutive benefit payments have been made; or d)
the Incurred outstanding balance as at the time of Total Disability has
been paid; or e) $10,000 of benefit has been paid; or f) You die.
Life and Dismemberment Coverage
Can pay the amount Incurred on Your Account at the time of the event,
up to $10,000, should you die or suffer dismemberment.
Critical Illness Coverage
Can pay the amount Incurred on Your Account at the time of the diagnosis
of a Critical Illness, up to $10,000. Critical Illness includes: Acute Heart
Attack, Cancer (Life-Threatening), or Stroke. Actual definitions are in the
Certificate of Insurance.
Disability Requiring Hospitalization
Can make your minimum monthly account payment, up to $10,000, if
you suffer a disability requiring hospitalization and are hospitalized for at
least 24-hours. In addition, the amount Incurred on the Account at the
date the Hospitalization period began less the benefit previously paid
following your initial 24 hour period of Disability Requiring Hospitalization
to a maximum of $10,000 can be paid if you suffer a Disability Requiring
Hospitalization and are hospitalized for more than 30 consecutive days.
Limitations and Exclusions vary per benefit and include but are not
limited to the following: intentionally self-inflicted injuries or suicide
within 6 months of the effective date, a dismemberment that is directly
or indirectly due to self-inflicted injuries or attempted suicide while sane
or insane, or that results from an accident which occurred before the
effective date, or that results from an accident which occurred more than
12 months before the date of loss, a pre-existing medical condition,
normal pregnancy, abuse of drugs or alcohol, cancer diagnosed within 90
days of the effective date, a critical illness claim that occurs in
connection with use of illegal or illicit drugs or substances; or misuse
of medications obtained with or without prescription, the commission
or attempted commission of a criminal offence, retirement, selfemployment, resignation, dismissal for a cause, maternity or parental
leave, loss of part-time, seasonal employment, unemployment within
30 days of the effective date or known to be impending at the time of
enrollment, hospitalization in a convalescent, nursing, rest, or skilled
nursing facility, or facilities operated exclusively for the treatment of the
mentally ill, aged, drug addiction, or alcoholism, if the hospital is outside
of Canada and the United States, if the hospitalization is the result of
elective cosmetic surgery.
For all coverages under the TD Financing Services Payment Protector
Plus plan, the maximum benefit amount may be less than the
outstanding balance on your Account or the maximum credit limit as set
by your cardholder agreement.
Underwriters
Loss of Involuntary Unemployment, Disability Requiring Hospitalization
and Total Disability coverages are underwritten by American Bankers
Insurance Company of Florida (ABIC), Life, Accidental Death,
Dismemberment and Critical Illness coverages are underwritten by
American Bankers Life Assurance Company of Florida (ABLAC),
Assurant Solutions companies, under Group Master Policy Numbers
TDPPP0309 and TDLPPP0309.
The terms “we”, “us” and “our” refer to American Bankers Life
Assurance Company of Florida and American Bankers Insurance
Company of Florida. TD Financing Services Inc. will provide us with the
information you have given them so that we can establish and serve
you as our customer. Your information may be processed and stored in
the United States and may be subject to access by US authorities under
applicable laws. You may call us with any questions relating to privacy
and the use of your information at 1-888-778-8023.
TD Financing Services Inc. receives a fee from the insurers with respect
to premium collection. TD Financing Services Inc. does not act as an
agent for ABIC/ABLAC. TD Financing Services Inc. and ABIC/ABLAC
have no equity interest in the other.
This is only a brief description of the coverage. For further details about
the nature of the coverage, summary of the special conditions,
exclusions, restrictions or reductions in coverage, please refer to the
Certificate of Insurance. Optional Payment Protector Plus is not
available in the province of Quebec. You will receive a Certificate of
Insurance within 30 days indicating the effective date of coverage and
it will provide the complete details of the terms and conditions. You
have thirty (30) days to examine the Certificate of Insurance. If you
cancel the credit insurance within thirty (30) days of receiving the
Certificate of Insurance, any premium paid will be credited to your
account. Please keep the Certificate in a safe place. This form is also
available in French/Ce document est aussi disponible en français. If you
have any questions or concerns regarding this coverage please call 1866-667-5341 or write to us at: Assurant Solutions P.O. Box 7200,
Kingston, Ontario K7L 5V5.
Term of Insurance
The coverage terminates when: you request a cancellation to us in
writing or by phone at the contact details provided above; your credit
privileges on your Account are cancelled; the Group Master Policy is
cancelled; you die; your Account is terminated; for Dismemberment,
Disability Requiring Hospitalization, Total Disability, Involuntary
Unemployment and Critical Illness Insurance, the next Account
statement date after you turn 66. A Critical Illness or Disability Requiring
Hospitalization (where you are Hospitalized for more than 30 days)
benefit terminates the Certificate of Insurance. Life coverage converts
to Accidental Death at age 66.
Satisfactory proof of claim must be submitted to the insurer. The insurer
may require examination by a physician of its choice.
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