How is my minimum payment balance calculated?

For Canadian cardholders (excluding Quebec):

The minimum payment on your credit card statement is $10 or your entire balance – whichever is lower. Any amount that exceeds your credit limit will not be included in the calculation of your minimum payment. 

Here’s how your minimum payment is calculated:

• $10 or the current balance (whichever is lower)
• Plus, all outstanding interest charges and other fees (like cash advance fees)
• Plus, any amount that is overdue

Default interest rates for Newfoundland (NFLD) customers are aligned with recent regulatory changes in NFLD.

For more details, please review your Tims Mastercard Disclosure Statement, Rate & Fee Schedule (except Quebec) linked below. 

English

French

For Quebec cardholders:

 Here’s how your minimum payment is calculated:

• $10 or 5% of the balance (whichever is greater)
• Plus all outstanding interest charges and other fees (like cash advance fees)
• Plus, if you are delinquent, any amount that is overdue

For more details, please review your updated Tims Mastercard Disclosure Statement, Rate & Fee Schedule linked below. 

Tims Mastercard Agreement and Disclosure Statement, Rate, & Fee Schedule (Quebec) 

French

English