Flex 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

  • Representative 24.9% APR (variable)

Other interest rates apply

Purchases
Introductory rate Monthly interest rate Annual interest rate
0% for 3 months from account opening 1.870% 24.9%
Cash Withdrawals
Introductory Rate Monthly Rate Annual Rate
N/A 2.075% 27.9%
Balance Transfers
Introductory Rate Monthly Rate Annual Rate
N/A N/A N/A

Interest Free Period

Maximum 56 days for purchases if you pay your balance in full and on time each month.

Interest Charging Information

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

Purchases and non-sterling cash withdrawals:

  • from the date the transaction is charged to your account until it is repaid in full.

Sterling cash withdrawals and balance transfers:

  • from the date the transaction is charged to your account until it is paid in full.

Allocation of Payments

If you do not pay your balance in full we will apply payments we receive to reduce higher interest rate balances before lower interest rate balances. For further details, please refer to your terms and conditions.

Minimum Repayment

 You must pay at least the minimum payment every month. This will be the higher of:

  •      £5, or the full balance if less than £5
  •      An amount equal to any interest, default fees or account fees that have been added to your account since your last statement, plus 1% of the remaining statement balance

If you only make your minimum repayment each month it will take you longer and cost you more to clear your balance.

Credit Limit

Minimum credit limit: £1,000
Maximum credit limit: £25,000 (subject to status)

Fees

Annual account fee: There is no annual fee for this product.

Charges

Cash and cheques: 3% (minimum £3)
Balance transfers: 2.5% handling fee
Copies of statements: £3 for a copy of any statement
Copies of transactions: £5 per item. There will be no charge if the copy reveals that the Transaction has been wrongly put on your Account

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 transaction fee: 2.99%
Non-sterling cash fee: 3% (minimum £3) plus 2.99% non-sterling transaction fee

Default Fees

Late payment fee: £12
Over-limit fee: £12
Returned payment fee: £12

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 24.9% 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
£161.06 £127.86 £74.26
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
£193.69 £77.75 -
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
19 years and 7 months 2 years and 3 months 1 year and 1 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 PLC. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP

Barclays Bank PLC adheres to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk