Rates and charges
The information contained in this table summarises key product features and is not intended to replace any Agreement Terms.
|APR||Representative 22% APR variable|
|Interest rates||Monthly Rate||Annual Rate|
|Cash Advances||1.238%||15.9% variable|
|Interest free period||Up to 56 days (38 days if you pay in full each month by Direct Debit) on Purchases and Cash Advances if you pay your whole balance in full and on time.|
|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:|
|Purchases||Date debited to your account||Paid in full|
|Cash Advances||Date debited to your account||Paid in full|
|Allocation of payments||If the amount you pay in a month is less than the full amount you owe, we will apply the amount you pay in the following order:
We will apply your payment first to amounts on your account which we charge at the highest interest rate followed by amounts we charged at lower rates. In each case, interest and charges are paid off first.
If some amounts are charged at the same interest rate, we will apply your payment to the oldest amounts first.
|Minimum payment||The sum of:
|Maximum||Subject to status|
|Charges||Cash Advances||2.99% handling fee, minimum £3|
|Default charges||Late payment||£12|
|Foreign Usage||Visa rates can be found at www.visaeurope.com/en/cardholders/exchange_rates.aspx
Dependent upon the type of transaction you undertake one or more of the following charges will apply:
|Fees||Annual fee £32
No annual fee for the first year after the card is opened