What is the minimum payment on my President’s Choice Financial Mastercard?

If you are a resident of Quebec, and opened your account prior to August 1, 2019, your minimum monthly payment will be decreased. In the Minimum Payment Due section of your President's Choice Financial Mastercard® Cardholder Agreement, the reference to 5% of your statement balance as the minimum payment shall be changed to 3.0% on August 1, 2021, and then to 3.5% on August 1, 2022, 4% on August 1, 2023, 4.5% on August 1, 2024, and 5% on August 1, 2025.

Any past due amounts, plus: your statement balance if $10 or less, or the greater of (a) $10 (b) 2.2% of your total statement balance (5% for new accounts issued to Quebec residents as of July 1, 2019), or (c) The interest charges and fees billed on the current statement plus $1.