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Shoppers Optimum Mastercard credit card reviews

Shoppers Optimum Mastercard credit card details and credit card application link.

The Shoppers Optimum MasterCard is a credit card available to Canadian nationals and residents, enabling the holder to earn twenty-five bonus points for each dollar spent on purchases at Shoppers Drug Mart, upon showing his or her Shoppers Optimum Card. It also gives its holder maximum security against possible credit card fraud, while the operators at Shoppers Optimum MasterCardís 24/7 call center will readily answer all questions, related to the safe use of the card in Canada and abroad. Moreover, every Shoppers Optimum MasterCard account is accessible online free of charge.

This credit card has no annual fee, and it also goes with an introductory period of six months, during which certain promotional terms and conditions apply. For example, its holder is charged just 1.99 percent introductory annual interest rate on cash advances and balance transfers, made with the card during the promotional period. After the first six months, a standard annual interest rate of 19.99 percent on purchases, as well as on cheque and cash advances, is introduced.

A default rate of 5 percent on the standard interest rate is introduced, too, should the card holder default on or delay more than one payment within twelve consecutive months. The annual interest rate returns to normal, if the card holder makes twelve consecutive payments on time.

An interest-free grace period of at least twenty-one days applies on all purchases made with Shoppers Optimum MasterCard, if the balance is paid in full before the deadline set in the statement. No grace period applies on cash advances or balance transfers. As the Shoppers Optimum MasterCard account is set up in Canadian dollars (CAD), all purchases made with the credit card in other currencies are automatically converted into Canadian dollars at the current currency conversion rate of MasterCard. A currency conversion fee of 2.5 percent applies on all transactions made in different currencies. All transactions are billed in Canadian dollars.

Transactions in foreign currencies are converted to CAD using the currency conversion rate which is effective as of the date that the transaction is processed. Although there isnít an annual fee, all cash withdrawals at an ATM are charged with 1 percent of the withdrawn sum, but not less than $7.50. This should be considered if you plan to use Shoppers Optimum MasterCard for cash advances. The same fees apply for balance transfers and wire transfers. A penalty fee of twenty-five dollars per billing cycle is payable whenever the card holder exceeds his or her credit limit. There also is a fee of $20 for each returned payment or cash advance, whenever such may occur. Also, an extra copy of your monthly statement costs $2.50. Finally, there is a penalty fee of $25, if your Shoppers Optimum MasterCard account has been inactive for too long.

Another credit card to consider is the Presidentís Choice Financial MasterCard. Cardholders earn 10 points on purchases charged to the card and can redeem them when they reach 20,000 points. The bonus points can be used to buy fashion clothes, groceries, home furnishings, and more. The card goes with an interest rate of 19.97 percent, no annual fee, and interest-free period of 21 days.

Credit Card Details
NameShoppers Optimum Mastercard Apply Now
Interest Rate19.99%
Annual Fee$0
Cash BackNo
Low InterestNo
Auto and GasNo
Instant ApprovalYes
Balance TransferYes
US DollarNo
No Annual FeeYes