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Useful information

Rates and fees - Classic MasterCard

SUMMARY BOX - CLASSIC CARD
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR Typical 18.9% APR (variable)
Interest rates Introductory Rate Monthly Rate Annual Rate
Purchases 0% for 3 months from account opening 1.456% 17.5% p.a.
Cash advances N/A 1.875% 22.5% p.a.
Balance transfers 3.9% for 12 months from account opening 1.456% 17.5% p.a.
Interest-free period
  • Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month's balance in full and on time.
Interest charging information 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 is as follows:
From Until
Purchases transaction date paid in full
Cash advances transaction date paid in full
Balance transfers date debited to your account paid in full
Allocation of payment

Your payment is allocated in the following order of lowest first to highest (transactions may attract different interest rates):

  1. Interest on special offers
  2. Other interest, any fee and charges
  3. Special offers
  4. Balance transfers
  5. Purchases
  6. Advances

See section 2 (D)(c) of your Credit Card Agreement for full details.

Minimum repayment
  • 3.0% or £5.00, whichever is greater.
  • If you only make the minimum payment it will take longer and cost more to clear your balance.
Credit limit Minimum credit limit £400
Maximum credit limit Subject to status.
Fees None
Charges Cash advances 3.0% handling fee, minimum £3.00
Foreign currency transactions 2.75% exchange fee on non-sterling transactions
Returned payment fee £10.00
Default charges Late payment fee £12.00
Over-limit fee £12.00
For further information please read the Credit Card General Conditions
Click to view Gold Card rates