SUMMARY BOX
The information contained in this table summarises the key product features and is not intended to replace any terms and conditions.
|
| APR |
• REPRESENTATIVE 19.9% APR VARIABLE
• Rates from 19.9% APR to 24.9% APR depending on individual circumstances |
| Other interest rates | Introductory Rate | Monthly Rate | Annual Rate |
| Purchases |
not applicable |
1.520% p.m. to 1.874% p.m |
19.9% p.a. to 24.9% p.a. |
| Cash Transactions2 |
not applicable |
2.104% p.m. to 2.130% p.m |
28.4% p.a. to 28.8% p.a. |
| Interest Free Period |
- Interest free period on Purchases applies to the introductory rate period (if any). Otherwise, maximum 56 days on Purchases if you pay your balance in full and on time.
- Interest free period on Balance Transfers only applies to the introductory rate period (if any). Otherwise, there is no interest free period on Balance Transfers or Cash Transactions.
|
| Interest Charging Information |
| |
FROM |
TO |
| Purchases |
Date added to Account |
Repaid in full** |
| Cash Transactions |
Date added to Account |
Repaid in full** |
|
**Interest is calculated daily. You will not pay interest on new purchases if you pay your balance in full and on time each month. If you have not paid your balance in full in the previous month, you may receive a further interest charge in the following month even if you have paid your balance in the current month in full.
|
|
| Allocation of Payments |
If you do not pay off your balance in full, payments we receive are applied to the highest interest bearing transactions first.
For further details, please refer to your card terms and conditions.
|
| Minimum repayment |
- All fees, default charges, payment protection insurance premiums, interest plus 1% of the principal and the amount you have exceeded your credit limit. (Subject to a minimum £5)
- If you only make the minimum payment it will take longer and cost more to clear your balance.
|
| Credit Limit |
Minimum credit limit |
£150 |
| Maximum credit limit |
Subject to Status |
| Fees |
• No annual fee |
| Charges |
Balance Transfers |
Up to 5.00% |
| Cash Transactions |
3% (minimum £3.00) |
| Paper copies of statements |
£3.00 |
| Overseas Transactions (including Cash Transactions) |
2.75% |
| Dormancy Fee |
£10 |
For further details, please refer to the Credit Agreement
|
| Default Charges |
Late Payment Fee |
£12.00 |
| Administration Fee for returned cheques or direct debits |
£12.00 |
| Over limit fee |
£12.00 |
Trace Fee (applied if you do not inform us of a change of address and we have to trace you)
|
£25.00
|
Credit Balance Fee (applied if you have a credit balance on your Account for three consecutive months)
|
Up to £10
|
