- Your standard compound interest rate will only reduce if you pay your minimum payments on time and stay within your credit limit.
- We will apply your reduction on the date of the statement you receive on the anniversary month of your account being opened. So if you open your account in January, you will receive your reduction at the same time as your statement is issued in January the following year (and any future years within the offer period).
- If you do not qualify for a reduction in one year, you may still qualify the next year as long as you are still within the offer period the reduction is available for. Your standard interest rates will move up and down in line with changes to the Bank of England Base Rate.
For full terms and conditions, see Terms and conditions