| Typical APR: |
Typical rate
15.9% APR (variable)(1.2408% monthly). |
| Promotional rate: |
0.0% p.a. on balance transfers and credit card cheques for
nine
months from account opening
(0.0000% monthly), provided you operate your account within the terms and conditions. |
| Other rates: |
15.9% p.a. (variable) on card purchases, balance transfers and credit card cheques (1.2408% monthly), and
22.9% p.a. (variable) on cash transactions (including money transfers) (1.7366% monthly). |
| Interest free period: |
Up to 56 days on card purchases only, if you pay
your statement balance in full and on time every month, otherwise interest
will be charged as set out below. |
| Interest charging information: |
Card purchases, balance transfers, credit card cheques and cash transactions (including money transfers):
we will charge interest on all transactions, fees, other charges and
interest, starting on the transaction date and ending on the date you
pay the bill in full. We work out interest each day so the earlier
you make payment, the less interest you will have to pay. |
| Allocation of payments: |
Balances at lower rates of interest will be paid before balances at higher rates of interest. This means that if you have made a transaction at a promotional rate after your last statement date but before the date we receive your payment, we may pay that transaction off first. |
| Monthly minimum payment: |
The lesser of:
2.25% of your balance (minimum £5)
or charges for Payment
Protection Cover plus interest and fees plus £5
or the balance, if this is less than £5. |
| Credit limit: |
We will choose your credit limit and tell you what it is. We may
vary it at any time and write to let you know. The maximum credit limit
that you can have under this agreement is £50,000. |
| Annual fee: |
£0
|
| Other charges: |
2% handling fee (min.£3, max.£50) on: credit card cheques and balance transfers.
2% handling fee (min.£3, no max.) on: cash transactions (including money transfers).
2.75% commission on foreign currency transactions.
|
| Default charges: |
£25
for going overlimit, making late payments and for returned
payments. |
| |
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