Rates and fees

Student 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 18.9% APR (variable)
Other Interest Rates Introductory Rate Monthly Rate Annual Rate
Simple Effective
Purchases N/A 1.456% 17.472% p.a. 18.941% p.a.
Cash Advances N/A 2.075% 24.900% p.a. 27.948% p.a.
Money Transfers N/A 1.456% 17.472% p.a. 18.941% 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 Charging Information The periods over which interest is charged are as follows:
From Until
Purchases 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
  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
Maximum initial credit limit of £500. All credit limits 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; 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 a statement period or if you fail to pay on time; administration fee of £10 to process dishonoured cheque or direct debit.