What do these rates mean?

Representative example

The representative example is an illustrative example of how much it could cost if you borrowed £1,200 over a year. The numbers are only a guide and if your application is accepted, the rates and credit limit you will actually get depend on your personal circumstances.

Purchase rate p.a. (Variable)

This is the annual interest rate we charge when you use your credit card to buy something. If you pay your balance off in full each month, you won’t be charged interest on purchases.

Representative APR (Variable)

APR stands for ‘Annual Percentage Rate’ and shows how much you’ll pay back in interest over a year. ‘Variable’ means that the rate isn’t fixed and can change in certain circumstances, for example if you miss your monthly payments. It will also move in line with the Bank of England Base Rate.

Based on a £1,200 credit limit

This is a credit limit example which lenders show to help you compare products easily. The credit limit is how much can be spent on the credit card, which you should not exceed. We are required to show £1,200 as the credit limit but if your application is successful, the credit limit you will actually get depends on your circumstances.