Canadian Tire Options Mastercard
After due date interest rates

Canadian Tire Options Mastercard is collecting incredible high late fees that are way out of proportion.

Late fee payments are stretching over 2 months.

In my example a three days late fee for an amount of 1436$

The first collected interest was an amount of 30.32$. But that is not enough the following month a follow up interest rate (the explanation I got for that is very foamy) was 14.28$.

To sum it an interest of 44.60$ which is around 2.5% was collected for a three days late payment of 1436$.

I just recommend to rethink before signing with Canadian Tire Options Mastercard.

Just a hint. They don't process payments on Saturday and Sunday which can cause such an interest payment.243

Company: Canadian Tire Options Mastercard
Country: Canada
Province: British Columbia

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