Minimum payment: if you are in a place other than the province of Quebec, your minimum payment required is higher: (i) the sum of (a) 1% of your new total balance (excluding balance on a specific payment schedule), (b) all interest charges you have and (c) any monthly payment due under a specific payment plan is rounded to the next dollar, plus an amount that is abnormal; or (ii) $10 plus an amount owed; or (iii) a balance above your credit limit. If your new total balance is less than $10, the minimum payment is the new total balance. Additional interest-free time: You will receive an additional interest-free period of at least 21 days in the event of new acquisitions if you pay your new regular balance in full until the payment due date. To learn more about the terms of the SaksFirst Credit account, click here to download the cardholder`s agreement (valid from August 1, 2019). . Table of examples of interest charges for a 30-day settlement period Billing cycle/billing period: the length of each settlement period for which a settlement may be provided varies. It is usually between 28 and 31 days.