Standard Credit Cards: How to Select a Credit Card
- Introduction to Credit Cards
- Credit Card Interest Rates Charges
- Credit Card Positive Benefits
- Credit Card Negative Results
- Credit Cards In Canada
- How to Select a Credit Card
- How to Select a Gold Credit Card
- How to Select a Platinum Credit Card
Credit Card Review for Canadian Customers
*** NOTE: Before deciding to apply for a standard credit card, make certain that you can make the payments necessary to keep the new standard card at a zero balance each month. We strongly urge you to only apply for a standard card if you are looking for the convenience of owning one. If you are like many Canadians, relying on credit cards to fund a lifestyle beyond their means we ask that you be responsible and hold off on applying for a standard credit card until your financial situation turns around!
Selecting a credit card company in Canada has never been more difficult. When selecting the credit card company you would like to deal with, you really have to be cognisant of the various options, interest rates and benefits each credit card issuer has to offer.
Some credit cards offer extended credit period terms while others offer better interest rates. Before applying for a credit card, make sure that you need the features / benefits offered, the interest rate is reasonable and ensure that you know about all the hidden or extra fees associated with the card on a monthly and yearly basis.
If you do your homework on which credit card best suits your needs now, you will avoid nasty surprises when you review your statements.
Canadian Standard Credit Card Selection Sheet
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
| Issuer / Name of Card |
Minimum Personal Income Required ($) |
Minimum Credit Limit ($) |
Annual Interest Rate | Grace Period on New Purchases1 | Minimum Payment ($ or % of outstanding balance) |
Annual Fees | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Purchases (%)2 |
Cash Advances (%)3 |
Balance Transfers (%)3 |
Number of Days | Method | First Card ($) |
Extra Cards ($) |
||||
|
Alterna Bank
Preferred MasterCard |
Not specified | 500 | 9.99 | 11.99 | 11.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | Free | Free |
|
Alterna Savings
Preferred MasterCard |
Not specified | 500 | 9.99 | 11.99 | 11.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | Free | Free |
|
ATB Financial
Preferred Fixed Rate MasterCard |
Not specified | 500 | 9.90 | 9.90 | 4.90 | 21 | 1 | $10 or 3%, whichever is greater | 29 | Free |
|
ATB Financial
Preferred Variable Rate MasterCard4 |
Not specified | 500 | Prime + 0 to Prime + 75 | Prime + 0 to Prime + 75 | 4.90 | 0 | 14 | $10 or 3%, whichever is greater | 29 | Free |
|
BMO Bank of Montreal
Air Miles MasterCard with Low Rate Option |
Not specified | 500 | 11.90 | 11.90 | 11.90 | 21 | 2 | 2% | 35 | Free |
|
BMO Bank of Montreal
CashBack MasterCard with Low Rate Option |
Not specified | 500 | 11.90 | 11.90 | 11.90 | 21 | 2 | 2% | 35 | Free |
|
BMO Bank of Montreal
Preferred Rate MasterCard with Low Rate Option |
Not specified | 500 | 11.90 | 11.90 | 11.90 | 21 | 2 | 2% | 25 | Free |
|
CIBC
Select VISA Card (Low Rate) |
15,000 | 500 | 11.50 | 11.50 | 11.50 | 21 | 26 | $10 or 2.1%, whichever is greater | 29 | Free |
|
Citizens Bank of Canada
Shared Interest Classic My VISA Reward Plus with Low Interest Rate option |
15,000 | 500 | 11.25 | 11.25 | 11.25 | 21 | 2 | $10 or 3%, whichever is greater | 50 | Free |
|
Citizens Bank of Canada
Shared Interest Classic VISA with Low Interest Rate option |
1,500 | 500 | 11.25 | 11.25 | 11.25 | 21 | 2 | $10 or 3%, whichever is greater | 25 | Free |
|
Coast Capital Savings
Low Interest Rate Coast VISA Desjardins Classic |
Not specified | 500 | 11.80 | 11.80 | 4.90 for the first 5 statements; 11.80 thereafter | 21 | 1 | $10 or 3%, whichever is greater | 30 | Free |
|
Desjardins
Low Interest Rate VISA Desjardins Classic |
Not specified | 500 | 11.80 | 11.80 | 4.90 for the first 5 statements; 11.80 thereafter | 21 | 1 | $10 or 3%, whichever is greater | 30 | Free |
|
HSBC Bank Canada
Low Rate HSBC MasterCard7 |
Not specified | 500 | 12.90 | 12.90 | 12.90 | 23 | 1 | $10 or 3%, whichever is greater | 25 (options extra) | Free |
|
HSBC Bank Canada
Low Rate HSBC MasterCard (with rewards)7 |
Not specified | 500 | 12.90 | 12.90 | 12.90 | 23 | 1 | $10 or 3%, whichever is greater | 60 (options extra) | 35 |
|
Laurentian Bank
VISA Black (reduced rate option) |
12,000 | 1,000 | 12.49 | 12.49 | 12.49 | 21 | 1 | $10 or 3%, whichever is greater | 25 | Free |
|
Laurentian Bank
VISA Complicité (reduced rate)8 |
12,000 | 1,000 | 12.49 | 12.49 | 12.49 | 21 | 1 | $ 10 or 3% whichever is greater | $2.50 per month | Free |
|
National Bank
Reduced Rate Allure MasterCard |
Not specified | 1,000 | 14.50 | 11.50 | 11.50 | 21 | 1 | $10 or 3%, whichever is greater | 45 | 10 |
|
National Bank
Reduced Rate Edition MasterCard |
Not specified | 500 | 14.50 | 11.50 | 11.50 | 21 | 1 | $10 or 3%, whichever is greater | 15 | Free |
|
National Bank
Reduced Rate Escapade MasterCard |
Not specified | 1,000 | 14.50 | 11.50 | 11.50 | 21 | 1 | $10 or 3%, whichever is greater | 35 | 10 |
|
National Bank
Reduced Rate Sunoco MasterCard |
Not specified | 500 | 14.50 | 9.50 | 9.50 | 21 | 1 | $10 or 3%, whichever is greater | 15 | Free |
|
National Bank
Reduced Rate Ultramar MasterCard |
Not specified | 500 | 14.50 | 11.50 | 11.50 | 21 | 1 | $10 or 3%, whichever is greater | 15 | Free |
|
National Bank
Syncro MasterCard |
Not specified | 1,000 | Prime + 4.00 (min 8.9) or +6.00 (min 10.9)5 | Prime + 4.00 (min 8.9) or +6.00 (min 10.9)5 | Prime + 4.00 (min 8.9) or +6.00 (min 10.9)5 | 21 | 1 | $10 or 3%, whichever is greater | 35 | 10 |
|
RBC Royal Bank
VISA Classic Low Rate |
Not specified | 1,000 | 11.90 | 11.90 | 11.90 | 21 | 2 | $10 + fees + interest or outstanding balance, whichever is less | 20 | Free |
|
Scotiabank
No-Fee Scotiabank Value VISA |
Not specified | 1,000 | 14.99 | 14.99 | 14.99 | 21 | 2 | 2% | Free | Free |
|
Scotiabank
Scotiabank Value VISA |
Not specified | 1,000 | 11.49 | 11.49 | 11.49 | 21 | 2 | 2% | 29 | Free |
|
Scotiabank
ScotiaLine VISA Account |
Not specified | 20,000 | Secured Prime + 1.00; Unsecured Prime + 4.995 | Secured Prime + 1.00; Unsecured Prime + 4.995 | Secured Prime + 1.00; Unsecured Prime + 4.995 | 21 | 2 | Up to 3% | Free | Free |
|
TD Canada Trust
TD Emerald VISA |
Not specified | 1,000 | Prime + 1.90 to 6.905 | Prime + 1.90 to 6.905 | Prime + 1.90 to 6.905 | 21 | 2 | $10 plus interest and fees | 25 | Free |
|
Vancity Credit Union
Enviro Classic VISA Low Interest Rate option |
15,000 | 500 | 11.25 | 11.25 | 11.25 | 21 | 2 | $10 or 3%, whichever is greater | 25 | Free |
|
Vancity Credit Union
Enviro Classic VISA My VISA Rewards Plus with Low Interest Rate option |
15,000 | 500 | 11.25 | 11.25 | 11.25 | 21 | 2 | $10 or 3%, whichever is greater | 50 | Free |
|
Westminster Savings Credit Union
Low Interest Rate VISA Desjardins Classic |
Not specified | 500 | 11.80 | 11.80 | 4.90 for the first 5 statements; 11.80 thereafter | 21 | 1 | $10 or 3%, whichever is greater | 309 | Free |
| Issuer / Name of Card |
Minimum Personal Income Required ($) |
Minimum Credit Limit ($) |
Annual Interest Rate | Grace Period on New Purchases1 | Minimum Payment ($ or % of outstanding balance) |
Annual Fees | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Purchases (%)2 |
Cash Advances (%)3 |
Balance Transfers (%)3 |
Number of Days | Method | First Card ($) |
Extra Cards ($) |
||||
|
Alterna Bank TravelRewards MasterCard |
Not specified | 500 | 18.99 | 19.99 | 19.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | 89 | Free |
|
Alterna Bank WorldPoints Low Fee MasterCard |
Not specified | 500 | 19.99 | 19.99 | 19.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | 29 | Free |
|
Alterna Bank WorldPoints No Fee MasterCard |
Not specified | 500 | 14.99 | 16.99 | 16.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | free | free |
|
Alterna Savings TravelRewards MasterCard |
Not specified | 500 | 18.99 | 19.99 | 19.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | 89 | Free |
|
Alterna Savings WorldPoints Low Fee MasterCard |
Not specified | 500 | 12.99 | 16.99 | 16.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | 29 | Free |
|
Alterna Savings WorldPoints No Fee MasterCard |
Not specified | 500 | 14.99 | 16.99 | 16.99 | 21 | 2 | $10 + fees + interest or 2.25%, whichever is less | Free | Free |
|
Amex Bank of Canada American Express AIR MILES Credit Card |
15,000 | 1,000 | 19.9910 | 19.9910 | N/A | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Amex Bank of Canada Blue Sky(TM) Credit Card |
15,000 | 1,000 | 19.9910 | 19.9910 | N/A | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Amex Bank of Canada Holt Renfrew Card from American Express |
15,000 | 1,000 | 19.9910 | 19.9910 | N/A | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
ATB Financial Alberta MasterCard |
Not specified | 500 | 18.90 | 18.90 | 4.90 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
ATB Financial Alberta My Rewards MasterCard |
Not specified | 500 | 19.90 | 19.90 | 4.90 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
ATB Financial Calgary Co-op MasterCard |
Not specified | 500 | 19.90 | 19.90 | 19.90 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
ATB Financial myHusky Rewards Mastercard |
Not specified | 500 | 19.99 | 19.99 | 19.99 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
BMO Bank of Montreal Air Miles MasterCard |
Not specified | 500 | 19.50 | 19.50 | 19.50 | 21 | 2 | 2% | Free | Free |
|
BMO Bank of Montreal CashBack MasterCard |
Not specified | 500 | 19.50 | 19.50 | 19.50 | 21 | 2 | 2% | Free | Free |
|
BMO Bank of Montreal Preferred Rate MasterCard |
Not specified | 500 | 17.50 | 17.50 | 17.50 | 21 | 2 | 2% | Free | Free |
|
BMO Bank of Montreal Premium CashBack MasterCard |
Not specified | 500 | 19.50 | 19.50 | 19.50 | 21 | 2 | 2% | 49 | Free |
|
BMO Bank of Montreal Premium CashBack MasterCard with Low Rate Option |
Not specified | 500 | 11.90 | 11.90 | 11.90 | 21 | 2 | 2% | 84 | Free |
|
Canadian Tire Canadian Tire Gas Advantage MasterCard |
12,000 | 300 | 19.50 to 25.99 | 19.50 to 25.99 | 19.50 to 25.99 | 21 to 26 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
Canadian Tire Canadian Tire Options MasterCard |
12,000 | 300 | 19.50 to 25.99 | 19.50 to 25.99 | 19.50 to 25.99 | 21 to 26 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
CIBC Aero Classic VISA Card |
15,000 | 500 | 19.50 | 19.50 | 19.50 | 21 | 26 | $10 or 2.1%, whichever is greater | 29 | Free |
|
CIBC Classic VISA Card |
15,000 | 500 | 18.50 | 18.50 | 18.50 | 21 | 26 | $10 or 2.1%, whichever is greater | Free | Free |
|
CIBC Dividend Card |
15,000 | 500 | 19.50 | 19.50 | 19.50 | 21 | 26 | $10 or 2.1%, whichever is greater | Free | Free |
|
Citibank Canada Citi Enrich MasterCard |
15,000 per household | 750 | 19.90 | 19.90 | 5.90 for 6 months | 19 to 25 | 2 | $20 or 2.1%, whichever is greater | Free | Free |
|
Citibank Canada Citi MasterCard |
15,000 per household | 750 | 19.90 | 19.90 | 5.90 for 6 months | 19 to 25 | 2 | $20 or 2.1%, whichever is greater | Free | Free |
|
Citibank Canada Citi Petro-Points MasterCard |
15,000 per household | 750 | 19.90 | 19.90 |
4.90 for 6 months |
21 to 25 | 2 | $20 or 2.1%, whichever is greater | Free | Free |
|
Citizens Bank of Canada Amnesty International VISA |
15,000 | 500 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Citizens Bank of Canada Oxfam Canada VISA |
15,000 | 500 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Citizens Bank of Canada Save-on-More VISA |
15,000 | 500 | 19.75 | 19.75 | 19.75 | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Citizens Bank of Canada Shared Interest Classic My VISA Reward Plus option |
15,000 | 500 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Coast Capital Savings Coast VISA Desjardins Classic |
Not specified | 500 | 19.40 | 19.40 | 4.90 for the first 5 statements; 19.40 thereafter | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
CUETS Financial Low Fee CHOICE REWARDS MasterCard |
Not specified | 1,000 | 19.4911 | 19.49 | 19.49 | 21 | 2 | $10 or 3%, whichever is greater | 24 | Free |
|
CUETS Financial Low Fee MasterCard |
Not specified | 1,000 | 19.4911 | 19.49 | 19.49 | 21 | 2 | $10 or 3%, whichever is greater | 12 | Free |
|
CUETS Financial No Fee CHOICE REWARDS MasterCard |
Not specified | 1,000 | 19.9912 | 19.99 | 19.99 | 19 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Desjardins VISA Desjardins Classic |
Not specified | 500 | 19.40 | 19.40 | 4.90 for the first 5 statements; 19.40 thereafter | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
Desjardins VISA Desjardins Classic with BONUSDOLLARS Rewards Program |
Not specified | 500 | 19.40 | 19.40 | 4.90 for the first 5 statements; 19.40 thereafter | 21 | 1 | $10 or 3%, whichever is greater | 30 | Free |
|
GE Money Canada Hbc MasterCard |
Not specified | 1,000 | Initial rate is 28.8, then the greater of 18.5 or prime + 14.55 | Initial rate is 29.9, the the greater of 18.5 or prime + 14.55 | N/A13 | 25 | 1 | $5 or 3.3%, whichever is greater | Free | Free |
|
HSBC Bank Canada HSBC MasterCard |
Not specified | 500 | 19.90 | 19.90 | 19.90 | 21 | 1 | $10 or 3%, whichever is greater | Free (options extra) | Free |
|
HSBC Bank Canada HSBC MasterCard (with rewards) |
Not specified | 500 | 19.90 | 19.90 | 19.90 | 21 | 1 | $10 or 3%, whichever is greater | 35 (options extra) | 35 |
|
JPMorgan Chase Bank NA Best Buy Reward Zone VISA Card |
Not specified | 500 | 19.99 | 19.99 | N/A | 21 | 1 | $10 or 3%, whichever is greater, plus any past due amount | Free | Free |
|
JPMorgan Chase Bank NA Canadian Cancer Society MasterCard |
Not specified | 500 | 18.99 | 18.99 | 18.99 | 21 | 2 | $10 or 3%, whichever is greater, plus any past due amount | Free | Free |
|
JPMorgan Chase Bank NA Sears MasterCard |
Not specified | 500 | 18.90 | 18.90 | 0 or 6.90 | 21 | 2 | $10 or 3%, whichever is greater, plus any past due amount | Free | Free |
|
Laurentian Bank VISA Black |
12,000 | 1,000 | 19.49 | 19.49 | 19.49 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
Laurentian Bank VISA Black Reward Me card |
12,000 | 1,000 | 19.49 | 19.49 | 19.49 | 21 | 1 | $10 or 3%, whichever is greater | 1.66 per month14 | Free |
|
Laurentian Bank VISA Complicité |
12,000 | 1,000 | 19.99 | 19.99 | 19.99 | 21 | 1 | $10 or 3 %, whichever is greater | Free | Free |
|
MBNA Canada Bank Preferred MasterCard |
Not specified | 500 | 17.99 | 19.99 |
1.90 for 6 months; 19.99 thereafter |
21 | 2 | $10 + fees + interest or 2.25%, whichever is less | Free | Free |
|
National Bank Allure MasterCard |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 1 | $10 or 3%, whichever is greater | 30 | 10 |
|
National Bank Edition MasterCard |
Not specified | 500 | 19.50 | 19.50 | 19.50 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
National Bank Escapade MasterCard |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 1 | $10 or 3%, whichever is greater | 20 | 10 |
|
National Bank MC1 |
Not specified | 500 | 19.50 | 19.50 | 19.50 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
National Bank Sunoco MasterCard |
Not specified | 500 | 19.90 | 19.90 | 19.90 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
National Bank Ultramar MasterCard |
Not specified | 500 | 19.90 | 19.90 | 19.90 | 21 | 1 | $10 or 3%, whichever is greater | Free | Free |
|
President's Choice Bank President's Choice Financial MasterCard |
Not specified | 1,000 | 19.97 or 23.97 | 19.97 or 23.97 | Variable | 21 | 1 | $10 or 2.2%, whichever is greater | Free | Free |
|
RBC Royal Bank Esso VISA |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 + fees + interest or outstanding balance, whichever is less | Free | Free |
|
RBC Royal Bank RBC Rewards VISA Classic |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 + fees + interest or outstanding balance, whichever is less | Free | Free |
|
RBC Royal Bank Starbucks Duetto VISA Card |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 + fees + interest or outstanding balance, whichever is less | Free | Free |
|
RBC Royal Bank VISA Classic |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 + fees + interest or outstanding balance, whichever is less | Free | Free |
|
RBC Royal Bank VISA Classic II |
12,000 | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 + fees + interest or outstanding balance, whichever is less | 35 | Free |
|
Scotiabank No-Fee Scotia Moneyback VISA |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 2 | 2% | Free | Free |
|
Scotiabank SCENE VISA card |
Not specified | 1,000 | 19.50 | 19.50 | 19.50 | 21 | 2 | Up to 3% | Free | Free |
|
Scotiabank Scotia Moneyback VISA |
Not specified | 1,000 | 18.59 | 18.59 | 18.59 | 21 | 2 | 2% | 8 | Free |
|
Scotiabank ScotiaHockey VISA |
Not specified | 1,000 | 19.50 | 21.50 | 21.50 | 21 | 2 | 2% | 49 | 15 |
|
TD Canada Trust TD Classic Travel VISA |
Not specified | 500 | 19.75 | 19.75 | 19.75 | 21 | 2 | $10 plus interest and fees | 19 | Free |
|
TD Canada Trust TD Green VISA |
Not specified | 500 | 19.75 | 19.75 | 19.75 | 21 | 2 | $10 plus interest and fees | Free | Free |
|
TD Canada Trust TD Rebate Rewards VISA |
Not specified | 500 | 19.75 | 19.75 | 19.75 | 21 | 2 | $10 plus interest and fees | Free | Free |
|
TD Canada Trust The GM Card |
Not specified | 500 | 19.75 | 19.75 | 19.75 | 21 | 2 | $10 plus interest and fees | Free | Free |
|
Vancity Credit Union Enviro Classic VISA My VISA Rewards Plus |
15,000 | 500 | 19.50 | 19.50 | 19.50 | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Vancity Credit Union Save-on-More VISA |
15,000 | 500 | 19.75 | 19.75 | 19.75 | 21 | 2 | $10 or 3%, whichever is greater | Free | Free |
|
Westminster Savings Credit Union VISA Desjardins Classic |
Not specified | 500 | 18.40 | 18.40 | 4.90 for the first 5 statements; 18.40 thereafter | 21 | 1 | $10 or 3%, whichever is greater | Free9 | Free |
1. The grace period represents the number of days between the statement date and the payment due date, during which new purchases are interest-free if you meet the conditions of the interest calculation method (Method 1 [M1] or Method 2 [M2]) used by the issuer. For more information on the interest-free period and the conditions set out by M1 and M2, see Getting the Most from Your Credit Card.
2. If the grace period does not apply, the interest on purchases is calculated from the date of purchase of the item or, in some cases, the date the item is posted to your account.
3. Unless otherwise specified, for cash advances or balance transfers, interest is calculated from the date funds are borrowed. There is no grace period.
4. This card acts like a line of credit: interest is calculated daily and applied on every purchase.
5. As of August 2009, the financial institutions' prime rate was 2.250%.
6. M2 is used in all provinces except Quebec, where M1 is used.
7. Low interest rate option is not available in Quebec.
8. This product is reserved for FTQ members and their families.
9. For an additional fee of $20/year, you can get 1% of your purchases credited as BONUSDOLLARS.
10. If you have missed making a payment, the applicable rate is 21.99% and/or 25.99%.
11. If you have missed making a payment, the applicable rate is 21.49%.
12. If you have missed making a payment, the applicable rate is 21.99%.
13. The service or fee is not applicable.
14. There is no monthly fee if you make more than $200 in net purchases during your billing period. If not, there is a monthly fee of $1.66.
