Payment Period Remaining

Payment Period Remaining shows you an estimate of how long it would take to pay off the New Balance shown on your statement if you make no additional charges using your Card or Line of Credit and each month you pay the Minimum Amount Due only. New Balance refers to the total amount owing on the account as of the Closing Date of your statement.

This estimate assumes that:

• you make no additional charges using your Card or Line of Credit
• each month you pay the Minimum Amount Due only by the Payment Due Date
• with the exception of any special interest rate offers, there are no changes to the annual interest rate(s) applicable to your account
• when any special interest rate offer expires, the balance that is subject to the special rate offer will be treated in the same way as purchases, including the applicable annual interest rate that currently applies to purchases.

For more information on payment alternatives the Financial Consumer Agency of Canada provides a Credit Card Payment Calculator Tool.

This self-help tool is intended for your general information only and is not intended to provide tax, legal, or financial advice, Please Note: The results provided are typically longer estimates compared to your Credit Card or Line of Credit statement. They are based on compounding of interest calculations which does not apply to American Express. You should not assume results apply to your individual circumstances.