For further information please read our Terms and Conditions (PDF).
For details of our interest rates, charges and other key product features see below:
Correct as at 1st January 2012.
Representative Example
15.9% EAR Variable
No Annual Fee
£1,200 Total amount of credit
Representative 15.9% APR
|
APR
|
Representative 15.9% APR Variable |
| Interest Rates |
|
Introductory Rate |
Monthly Rate |
Annual Rate |
|
Purchases |
0% (for 5 months from date of card issue) if we tell you in writing that you are entitled to an Introductory Rate |
1.24% |
14.88% |
|
Cash Advances |
Not Applicable |
1.24% |
14.88% |
|
Balance Transfers |
0% (for 5 months from date of card issue) if we tell you in writing that you are entitled to an Introductory Rate |
1.24% |
14.88% |
| Interest Free Period |
- Maximum 59 days for purchases and balance transfers if you pay your balance in full and on time.
- In addition there is an interest free period on purchases and balance transfers during the introductory period if we tell you in writing.
- There is no interest free period on cash advances.
|
| Interest Charging Information |
You will not pay interest on new purchases if you pay your balance in full and on time. Otherwise, the period over which interest is charged will be as follows: |
|
|
From |
Until |
|
Purchases |
The date by which you must make your minimum payment as shown in your statement for the month in which the transaction is made. |
Repaid in full |
|
Cash advances |
The date your account is debited (this appears on your statement as the interest date). |
Repaid in full** |
|
Balance transfers |
The date by which you must make your minimum payment as shown in your statement for the month in which the transaction is made. |
Repaid in full |
|
** If you pay the balance in full, the interest charge for the period from the previous statement to the date of full repayment will be debited the following month. |
Allocation
of Payments |
If you do not pay off your balance in full, we will allocate payments we receive to your account in the following order:
- Towards balances on which interest is charged at the Standard Rate;
- Towards balances on which interest is charged at any rate which is less than the Standard Rate; and
- Towards balances on which interest is charged at 0%.
See conditiion 3.5 of the terms and conditions that apply to your agreement.
|
| Minimum Repayment |
- Greater of 3% of current balance, or the total of interest and default charges on the statement plus 1% of the current balance (less interest and default charges),or £5, each month.
If you only make the minimum payment it will take longer and cost more to clear your balance. |
| Credit limit |
Minimum credit limit |
£500 |
|
Maximum credit limit |
Subject to status |
| Fees |
|
| Charges |
Cash advances^ |
2% with a £2 minimum
|
|
Copies of statements |
£5 each |
|
Copies of transaction vouchers |
£5 each |
|
Transactions not in sterling |
2.75% (including purchases of foreign currency and travellers’ cheques). |
|
Emergency Cards and Emergency Cash |
£20 (if you should ask us to issue an emergency card or emergency cash to you). |
| Default Charges |
Late payment charge |
£12 |
^Maximum daily withdrawal limit at cash machines is £1,000 per day.
