The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
| Introductory Rate | Monthly Rate | Annual Rate | |
|---|---|---|---|
| Purchases | N/A | 1.456% | 18.9% |
| Cash Advances | N/A | 1.789% | 23.6% |
| Balance transfers | N/A | 1.456% | 18.9% |
| Purchases | |
| Introductory Rate | N/A |
| Monthly Rate | 1.456% |
| Annual Rate |
18.9% |
| Cash Advances | |
| Introductory Rate | N/A |
| Monthly Rate | 1.789% |
| Annual Rate | 23.6% |
| Balance transfers | |
| Introductory Rate | N/A |
| Monthly Rate | 1.456% |
| Annual Rate | 18.9% |
Interest-free period
Maximum 56 days for purchases if you pay your transaction balance (the amount you owe excluding any instalment plan) in full and on time. If you have an instalment plan, you'll also need to pay the monthly instalment and fee.
| From | Until | |
|---|---|---|
| Purchases, cash advances and balance transfers | Date charged to your account | Paid in full |
| Purchases, cash advances and balance transfers | |
| From | Date charged to your account |
| Until | Paid in full |
Allocation of payments
We apply your payments in a certain order if the amount you pay in a month is less than the full amount you owe. We explain the order below.
- To any overdue minimum payments (we call these 'arrears')
- To the minimum payment for that month
- To any monthly instalment (or instalments) and instalment plan fees
- To the rest of the transaction balance. You can find that amount in your statement
- To any transactions, interest or charges that haven't yet been included in your statement
- To any instalment plan balances that are left.
In each case we apply payments first to amounts that we charge the highest interest rate on before we apply them to amounts charged at lower rates or zero interest. We always pay off interest and charges first.
Sometimes amounts are charged at the same interest rate. If that's the case, we'll apply your payment to the oldest amounts first. If you have more than one instalment plan we'll apply the payment against them in the order they were added to the account, starting with the plan that has been on the account longest.
Minimum repayment
We explain below how we work out the amount of your minimum payment. It'll be the highest amount that we work out from the three options below:
A. The total amount of:
(a) interest added to the account since your last statement; plus
(b) any default charges (this is a charge that applies where you've broken the agreement, for example, you pay late); plus
(c) 1% of the rest of the amount you owe.
B. 2.5% of the full amount you owe.
C. £5.
| Minimum credit limit | Maximum credit limit |
|---|---|
| £250 | £500 |
| Minimum credit limit | £250 |
|---|---|
| Maximum credit limit | £500 |
Fees
No annual fee.
| Cash Fee | Balance transfers | Instalment plans |
|---|---|---|
| 2.99% of the cash or cash related payment (minimum £3) | This is set out in the offer sent to you. |
Before you take out an instalment plan, we'll tell you the fees that apply. |
| Cash Fee | 2.99% of the cash or cash related payment (minimum £3) |
|---|---|
| Balance transfers |
This is set out in the offer sent to you. |
| Instalment plans | Before you take out an instalment plan, we'll tell you the fees that apply. |
Foreign usage
Payment Scheme Exchange Rate
Rates can be found at: visa.co.uk/support/consumer/travel-support/exchange-rate-calculator.html
One or more of the following may apply:
Non-Sterling Transaction Fee
2.99% of the transaction amount in Sterling (rather than the currency of the transaction).
The minimum charge is £3 for cash or cash payments.
Cash Fee
2.99% of the cash or cash related payment (minimum £3).
| If you're late making the minimum payment | £12 |
|---|---|
| If you're over your credit limit (even if we've allowed you to go over) | £12 |
| If a payment is returned unpaid | £5 |
| If we need to enforce repayment, including legal and tracing costs | Our reasonable costs |
| If you're late making the minimum payment | If you're over your credit limit (even if we've allowed you to go over) |
|---|---|
| £12 | £12 |
| If you're late making the minimum payment | If a payment is returned unpaid |
| £12 | £5 |
| If you're late making the minimum payment | If we need to enforce repayment, including legal and tracing costs |
| £12 | Our reasonable costs |
| Minimum payment each month | £50 payment each month | £100 payment each month | |
|---|---|---|---|
| Taking into account introductory rates, how much interest will you be charged in the first year? | £71.57 | £35.39 | £14.99 |
| How much interest will you be charged in the second year? | £72.72 | £0.00 | £0.00 |
| How long would it take to clear the balance? | 12 years, 5 months | 11 months | 6 months |
| Taking into account introductory rates, how much interest will you be charged in the first year? | |
| Minimum payment each month | £71.57 |
| £50 payment each month | £35.39 |
| £100 payment each month | £14.99 |
| How much interest will you be charged in the second year? | |
| Minimum payment each month | £72.72 |
| £50 payment each month | £0.00 |
| £100 payment each month | £0.00 |
| How long would it take to clear the balance? | |
| Minimum payment each month | 12 years, 5 months |
| £50 payment each month | 11 months |
| £100 payment each month | 6 months |
The above example assumes that:
- you make the transaction on 1 January and you make no further transactions;
- you always make the payment on the 15th;
- your statement is produced 31 days after you make the purchase;
- interest is calculated based on the representative 18.9% APR variable and introductory rates are included.
We recommend that you pay more than the minimum payment if you can. If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance. This is shown in the example above.
Recurring Transactions
A recurring transaction (sometimes called a continuous payment authority) is a series of payments you agree to be collected from your card by a retailer or supplier (for example, insurance cover). You'll have an agreement between you and the retailer. The Direct Debit Guarantee doesn't cover these transactions.