The information contained in the tables below summarises key product features and is not intended to replace any terms and conditions.
APR | typical 18.20% APR variable | |
|---|---|---|
Other rates | Annual rate | Monthly rate |
Purchases | 13.30% | 1.109% |
Cash Advances | 13.30% | 1.109% |
Interest free period | Up to 45 days on purchases if the total balance is paid off in full by the due date on both the previous and latest Statement | |
Interest charging information | With the exception of Purchases (please see above), you'll have to pay interest on all Transactions from the Transaction date even if you pay your full balance by the due date. Your due date is 14 days after the statement date (or the next working day should the payment date fall on a weekend or a Bank Holiday in England and Wales) | |
Allocation of payments | If you make a payment that isn’t enough to pay every thing you owe us in a statement, we’ll use it to reduce your payment in this order:
| |
Minimum repayment | You must pay the at least the minimum payment every month of 5% of the balance shown on the statement (minimum £5 or the full balance if less than £5) | |
Amount of business credit | Minimum credit of £1000 | Maximum credit of £10,000 |
Fees | £28 annual fee per cardholder |
Cash Withdrawals | 2% of amount or minimum £2 |
|---|---|
Cash Withdrawals abroad | 2% of amount or minimum £2 plus 2.75% foreign exchange fee |
Foreign Currency Card Transactions | 2.75% foreign exchange fee |
Copy of statements | £6 for a copy of a non-current statement |
Copy of sales voucher | £5 per item There will be no charge if your query reveals an error has been made |
Copy of report | £15 |
Late payment | £12 |
|---|---|
Limit exceeded | £12 |
Returned payment | £12 |
Arrears letter notification | £12 |
