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| Interest paid on credit balances (Gross p.a.)
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Bank of England Base Rate less 0.75% |
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Interest Charging Information -
The periods over which interest is charged are as follows:
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Purchases - If you pay for all your previous month's purchases by the payment due date,
no interest will be charged on those purchases. This applies for a maximum of 50 days.
If you do not pay for all of your previous month's purchases by the payment due date,
interest will be charged on those purchases, from the date the purchase is charged to the account.
Interest will then continue to be charged until that purchase balance has been paid for in full.
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Cash Advances - Interest will be charged at the standard cash advance rate from the date the cash advance is charged to the account.
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Balance Transfers and Convenience Cheques - interest is charged from the date the transaction
is charged to the account until the transferred balance is repaid in full.
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Allocation of payments - We will allocate your payment in the following order:
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- Minimum payment
- Fees, charges and interest (in the order that they were
put on the account)
- Cash advances (in the order that they were put on the account)
- Purchases (in the order that they were put on the account)
- Balance Transfers, Convenience Cheques and Promotional
Balances (in the order that they were put on the account)
If we change this order for any Special Promotion we will tell you in the details of the Special Promotion.
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| Minimum credit limit |
£500 |
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| Minimum repayment
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3% of the outstanding statement balance, minimum £5, payable monthly |
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| Fees
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Not applicable |
Handling Charges
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| Cash Advance Fee |
2% or minimum of £2 (see above) |
| Foreign Currency Charges |
Foreign Currency Transactions outside the EU will be charged at 1% and
shown separately below each Card Transaction on the statement
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| Balance Transfer Handling Fee |
2% of the Balance Transfer amount, subject to a minimum of £2 or a maximum of £50. This charge will not apply if the transaction is debited to your account within the first three months from date account opened.
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| Convenience Cheque Fee |
2% of each cheque written, subject to a minimum of £2 or a maximum of £50.
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| Default charges
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We may debit your account with the following default charges:
- £10 (variable) on each occasion a cheque and / or direct debit is dishonoured or fails
- £10 (variable) on each occasion you are late making the Minimum Payment
- £10 (variable) on each month you exceed your credit limit
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| Additional Features |
Optional Payment Protection Insurance charged at 67p per £100 balance outstanding
Optional Card Protection Plan |
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