| Interest free period | Maximum 56 days for purchases if you pay your balance in full and on time. There is no interest free period on Cash Transactions. |
| Interest charging information | The periods over which interest are charged are as follows: |
| *Interest free period only applies to the introductory rate. |
| Allocation of payments | We will apply payments we receive to your Account in the following order:
1. Insurance Premiums;
2. Interest, Charges, or Fees (in that order)
3. Balance Transfers and Retail Purchases (excluding Buy Now Pay Later Transactions)on which either no interest is being charged or is being charged at an introductory or preferential rate. Those with lower rates being paid first.
4. Other Balance Transfers
5. Retail Purchases
6. Cash Transactions
7. Buy Now Pay Later Transactions in the order they were debited to the account.
See the ‘Other Financial Information’ section of the customer terms and conditions for full details. |
| Minimum repayment | The full balance outstanding if it is less than £5.00, otherwise 3% (minimum £5.00) of the outstanding balance. |
| Amount of credit | Minimum credit limit of £500.00, maximum credit limit subject to status |
| Fees | No annual fee.
Introductory Rate Balance Transfers - 3% (minimum £5)
Special Transaction Balance Transfers - we will tell you the amount of the fee when offering these to you |
| Charges | Cash Transactions - 3% with a minimum of £3.00
Paper copies of statements - £3
Overseas transactions (including Cash Transactions) - 2.75% |
| Default charges | Late payment fee - £12
Administration fee for returned cheques or direct debits - £12.00
Trace Fee - £25.00 (applied if you do not inform us of any change of address and we have to trace you)
Over limit fee - £12.00 |
