Summary Box

Legal Info

Summary Box

The information contained in this table summarises key product features and is not intended to replace any terms and conditions

APR

Representative APR% (variable)

Rates from 27.9% APR to 59.9% APR depending on individual circumstances.

Type of transaction	Introductory Rate	Standard Rates
Type of transaction	Introductory Rate	Monthly Interest Rate	Effective Annual Interest Rate
Purchases	N/A	2.33% to 4.99%	27.90% to 59.90%
Cash (includes money transfers)	N/A	2.33% to 4.99%	27.90% to 59.90%
Balance transfers	N/A	We will tell you the rate when you ask us to make a balance transfer	We will tell you the rate when you ask us to make a balance transfer
Instalment plans	N/A	We will tell you the rate when you ask us to set up an instalment plan for you	We will tell you the rate when you ask us to set up an instalment plan for you
The effective annual rate takes into account interest you will pay on interest if you do not pay the whole of your main balance shown on your statement each month so gives a truer picture of the cost of the credit.

Interest- free period	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 as follows:
					From	Until
	All transactions				Date debited to your account	Paid in full

Allocation of payments

Where the amount of your repayment is not enough to pay off the full balance outstanding on your Account, your repayment will be applied to reduce the different parts of your balance in the following order:

(i) first, any instalment plan payment or minimum payment that was not paid by its payment due date; then

(ii) any instalment plan payment due for the current month; then

(iii) to reduce or pay off your main balance (the Account balance shown on your Statement less any instalment plan balance) starting with the part bearing the highest rate of interest and then in reducing interest rate order; then

(iv) to reduce or pay off any remaining instalment plan balance; and

(v) lastly to reduce or pay off any recent transactions not yet shown on your Statement starting with transactions bearing the highest rate of interest and so on in reducing interest rate order.

Where you have more than one instalment plan on your Account, as between instalment plans bearing the same rate of interest, payments will be applied to reducing or paying off the instalment plan that ends first and so on in the order in which they end.

Where other amounts bear the same rate of interest, your repayment will be applied to them in the order they were applied to your Account.

Minimum Repayment

The general rule is that your monthly Minimum Payment will be whichever is the greater of:

(i) the total of

any interest accrued since the date of your last Statement;

any transaction charges and default fees we have charged since the date of your last Statement;

1% of the balance shown on your Statement before interest is applied; or

(ii) £10.

If the main balance shown on your Statement is less than £10, then the minimum payment you will be asked to make will be equal to the main balance.

For further details, please refer to your credit card terms and conditions.

We may increase your minimum payment. If we vary your minimum payment we will write to you to tell you.

If you only make the minimum payment each month it will take you longer and cost you more to clear your balance.

Credit Limit	Minimum credit limit				£200
Credit Limit	Maximum credit limit				£1500 (subject to status)

Fees	There is no annual fee

Charges	Cash transaction fee	3% of the cash transaction amount in sterling on credit transactions only.
	Money transfer fee	3% of the amount transferred from your account using the Faster Payments service on credit transactions only.
	Balance transfers	We will tell you the fee, if any, when you ask us to make a balance transfer for you.
	Instalment plans	We will tell you the fee, if any, when you ask us to set up an instalment plan for you.
	For further details, please refer to your credit card terms and conditions.

Foreign Usage

Payment scheme exchange rate

The exchange rate is set by the card scheme operator, Mastercard on the date the transaction is processed and may be different from the date of the actual transaction.

Rates can be found at mastercard.co.uk/en-gb/consumers/get-support/convert-currency.html

The following may apply

Foreign cash transaction fee

3% of the sterling value of the transaction.

Default fees	Late payment	£10	You can avoid paying default charges if you make your monthly payments on time.
Default fees	We may also charge you a fee to cover any losses which we reasonably incur as s direct result of your breaking this agreement.

Cost of Borrowing Table

How your monthly repayments can reduce the interest you pay Interest explained - based on 27.9% APR for a purchase of £200.
To reduce the interest charged, we recommend you pay as much as you can, when you can and not just the minimum payment. The example below assumes you make a purchase of £200 on your account on 1st January and no further transactions are made by you. Your statement is produced on the 1st of each month and you always make the payment each month on the 11th.
Illustrative example
	For a purchase of £200 on your credit card
Monthly Payment	Minimum Payment each month	£50 each month	£100 each month
Without taking into account any introductory rates, how much interest will you be charged in the first year?	£42.91	£11.47	£6.88
How much interest will you be charged in the second year?	£31.88	£0	£0
How long would it take to clear the balance?	3 years, 4 months	6 months	4 months

Conditions