Credit Card Summary
The information contained in this table summarises the key product features and is not intended to replace any terms and conditions.
| APR | Typical 17.9% APR (variable) | |||||||||||||||||
| Other Interest Rates | Introductory Rate | Monthly Rate | Annual Rate | |||||||||||||||
| Purchases | n/a | 1.385% | 17.9% | |||||||||||||||
| Cash Advances | n/a | 2.000% | 26.8% | |||||||||||||||
| Balance Transfer | 3.9% p.a. for 36 months from date of account opening on balances transferred by 01/04/2008* | 1.385% | 17.9% | |||||||||||||||
| Interest free period | Maximum 58 days for Purchases if you always pay your balance in full and on time. There is no interest free period on Cash Advances. | |||||||||||||||||
| Interest charging information | The periods over which interest are charged are as follows:
Note: If you pay the balance in full, any interest charges for the period from the previous statement to the date of full repayment will be debited the following month. |
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| Allocation of payments | We will apply payments we receive first to the Special Transaction Balance, then to the Standard Balance, followed by the Cash Advance Balance. See Condition 3.5 of the Card terms and conditions for full details. |
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| Minimum repayment | Greater of 2% of the outstanding balance or £5 each month. | |||||||||||||||||
| Amount of credit | Minimum credit limit of £500, maximum credit limit subject to status. | |||||||||||||||||
| Fees | No annual fee | |||||||||||||||||
| Charges | Cash Advances are subject to a handling fee of 3% (minimum £3);
Promotional Balance Transfers are subject to a handling fee of 3% (minimum £3); Card Transactions made in currency other than Sterling are subject to a fee of 3% of the value of the Card Transaction. |
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| Default Charges | Late payment fee - £12 Over limit fee - £12 Administration fee for returned cheques or direct debits - £12 |
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* Balance Transfers made during the promotional period will be subject to a handling fee of 3% per Balance Transfer (minimum £3). See Condition 2 of the Card Conditions for full details. Interest will be charged at 3.9% p.a. for 36 months from date of account opening on any Balance Transfers completed by 01/04/2008. Thereafter, interest will be charged on any outstanding balance at the Standard Balance rate applicable to your Card. This promotional rate will apply provided that you make the minimum payment each month, keep within your Credit Limit and comply with the other terms of your Agreement. See Condition 6.3 of the Card Conditions for full details. Transactions at lower rates of interest will be paid before Transactions at higher rates of interest. See Condition 3.5 of the Card Conditions for full details.
