Rates and fees

Platinum Credit Card

Summary Box
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR Typical 15.9% APR (variable)
Other Interest Rates Introductory Rate Monthly Rate Annual Rate
Simple Effective
Purchases 0% for 6 months 1.240% 14.880% p.a. 15.938% p.a.
Balance Transfers 0% for 13 months (on balance transfers made within the first 3 months) 1.240% 14.880% p.a. 15.938% p.a.
Cash Advances N/A 2.075% 24.900% p.a. 27.948% p.a.
Money Transfers N/A 1.240% 14.880% p.a. 15.938% 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 - no interest free period on cash advances or money transfers. Interest free period on balance transfers only applies to the introductory period.
Interest Charging Information The periods over which interest is charged are as follows:
From Until
Purchases transaction date repaid in full
Balance transfers transaction date repaid in full
Cash advances transaction date repaid in full
Money transfers date debited to your account repaid in full
Allocation of Payments

We will apply payments we receive to your account in the following order:

  1. Interest on special offers
  2. Other interest, any fee and charges
  3. Special offers
  4. Purchases and balance transfers
  5. Cash advances and money transfers
See section 2(D)(b) of your Credit Card Agreement for full details.
Minimum repayment
Greater of 2.25% of your balance (rounded down to the nearest pound) or £5 each month. Please note: we do not recommend that you only ever make your minimum payment.
Amount of credit
Minimum initial credit limit is £300 and maximum is £20,000. All other credit limits (including the maximum available) are subject to status.
Fees
No Annual Fee.
Charges
Cash advances (except gambling transactions) subject to a handling fee of 3% with a minimum of £3.00; Balance transfers subject to a fee of 2.9% (min £5) during the first three months from account opening unless you qualify for exemption from that fee or are notified of a different fee under the terms of a special offer we make in connection with your application; Foreign exchange transactions subject to conversion fee of 2.75% (including purchase of foreign currency and travellers' cheques); Copies of statements are subject to a fee of £3.
Default charges
£12 if the account is over the credit limit at any time during the statement period or if you fail to pay on time; administration fee of £10 to process dishonoured cheque or direct debit; administration fee of £12 to return unpaid promotional cheque to prevent you going over your limit.