Summary Box Platinum Purchase

Summary Box

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

APR

Representative (variable)

Other interest rates apply

Purchases

Introductory rate	Monthly interest rate	Annual interest rate
0% interest for up to months from account opening.	1.7325%	Simple rate 20.79% (Compound equivalent )

Cash Withdrawals

Introductory rate	Monthly interest rate	Annual interest rate
N/A	1.7325%	Simple rate 20.79% (Compound equivalent 22.9%)

Balance Transfers

Introductory rate	Monthly interest rate	Annual interest rate
0% interest for up to months from account opening with a % fee on transfers made within 60 days of opening your account. The amount you can transfer can vary, depending on your individual credit limit and the existing balance on your Barclaycard. We’ll let you know the maximum amount you can transfer if your application is successful.	1.7325%	Simple rate 20.79% (Compound equivalent )

Instalment Plan

Introductory rate	Monthly interest rate	Annual interest rate
N/A	0% (we will tell you when you have an offer available)	0% (we will tell you when you have an offer available)

Interest Free Period

Maximum 56 days from date of transaction for new purchases, non-sterling cash withdrawals and any balance and money transfers on a promotional rate that have been added to your account since your last statement if you pay your main balance (excluding any promotional balance with a 0% interest rate) and any monthly instalment plan payments (if you've taken out any instalment plans) in full and on time each month.
Note - Your main balance is your current statement balance less any instalment plan balance.

No interest free period on sterling cash withdrawals (this is subject to any interest free promotional offer).

Any instalment plan you take out is interest free until the end of the plan.

Interest Charging Information

If interest is payable, it will be charged over the following period:

Purchases, non-sterling cash withdrawals, balance and money transfers from the date the transaction is added to your account until the date of your last statement before the transaction is paid in full.

Sterling cash withdrawals from the date the transaction is added to your account until it is paid in full.

If your main balance and any Instalment Plan payments due for that month are not paid in full, interest will be charged on all items in your main balance. Interest is charged on a daily basis. By repaying more of your balance, or by making your repayments earlier, you will pay less interest.

Your simple purchase and cash interest rates will move up and down in line with changes to the Bank of England Base Rate. Base Rate changes will not apply to your promotional or Instalment Plan interest rates.

We work out how much interest we charge each month using a simple interest rate. We also show you the compound equivalent as it takes account of interest you will pay on interest if you do not repay your total outstanding balance in full each month.

Allocation of Payments

Your payments will be applied in the following order:

Make any Instalment Plan payments due for that month;

Reduce your main balance (your statement balance less any Instalment Plan balance). We'll start with the balances charged at the highest interest rate first and then reduce the lower rate balances; and then

If you've taken out any Instalment Plans, to reduce any remaining Instalment Plan balance

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

Minimum Repayment

The highest of:

£5 (or the full outstanding balance if it's less than £5)
2.25% of your main balance plus any Instalment Plan instalments due for that month
An amount equal to any interest, default fees or account maintenance fees that have been added to your account since your last statement, plus 1% of the rest of your main balance plus any Instalment Plan instalments due for that month

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:	£50
Maximum credit limit:	Subject to application, financial circumstances and borrowing history

Fees

No annual fee

Charges


Cash transaction fee:	2.99% minimum £2.99 on sterling and non-sterling cash transactions only
Balance transfers:	We will let you know the fee when we send you an offer
Purchase Plans:	We will let you know the fee when we send you an offer
Copies of statements:	There is no fee requesting a copy of a statement
Copies of transactions:	There is no fee requesting a copy of a transaction

Foreign Usage

Payment Scheme Exchange Rate: Depending on your card type, rates can be found at at either Visa or Mastercard

One or more of the following may apply

Non-sterling purchase fee: 2.99% of purchase (no minimum)

Default Fees


Late payment:	£12
Over credit limit:	£12
Returned payment:	£0

You can avoid paying additional charges by staying within your credit limit and ensuring that your monthly payments are received on time.

Additional important information

Pay less interest with larger monthly repayments

The example below assumes the following:

£1000 purchase is added to your account on the 1st of the month and no further transactions made

Minimum payment is made each month on payment due date

Standard Rate (compound) p.a. is charged

Calculation includes any introductory rate on purchases

Credit limit is not exceeded

How much interest will be charged in the first year?

You pay the minimum every month	You pay £50 every month	You pay £100 every month

How much interest will be charged in the second year?

You pay the minimum every month	You pay £50 every month	You pay £100 every month

Time it will take to pay off the balance

You pay the minimum every month	You pay £50 every month	You pay £100 every month

If you would like this information in large print, Braille or audio format please call 0800 161 5326, *.

*To make sure we maintain a high-quality service, we may monitor or record phone calls.

Barclaycard is a trading name of Barclays Bank UK PLC. Barclays Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 759676). Registered in England No. 9740322. Registered office: 1 Churchill Place, London E14 5HP

Barclays Bank UK PLC adheres to The Standards of Lending Practice which are monitored and enforced by the Lending Standards Board.