Platinum Low Rate Summary Box


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


Representative 6.9% APR (variable)

Other interest rates apply

Introductory rate Monthly interest rate Annual interest rate




Simple rate 6.68%

(Compound equivalent 6.9%)

Cash Withdrawals



Simple rate 24.85%

(Compound equivalent 27.9%)

Balance Transfers

A 0% fee on transfers made within 60 days of opening your account. 3% fee on transfers made after 60 days. The amount transferred must not exceed 90% of the available credit on your account.


Simple rate 6.68%

(Compound equivalent 6.9%)

Instalment Plan


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 and for non-sterling cash withdrawals if you pay your main balance 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 cash withdrawals and balance transfers (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 and non-sterling cash withdrawals:

  • from the date the transaction is debited to your account until the date of your last statement before the transaction is paid in full.

Sterling cash withdrawals and balance transfers:

  • from the date the transaction is debited 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:

  1. £5 (or the full outstanding balance if it's less than £5)
  2. 2.5% of your main balance plus any Instalment Plan instalments due for that month 
  3. 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: £250
Maximum credit limit: Subject to status


No annual fee


Cash fee: 2.99%, minimum £2.99 on sterling transactions only
Balance transfers: We will let you know the fee when we send you an offer
Instalment Plans: We will let you know the fee when we send you an offer
Copies of statements: £2.00 for each additional paper copy of a statement
Copies of transactions: £2.00 for each copy of a record of a transaction

Foreign Usage

Payment Scheme Exchange Rate: Depending on your card type, rates can be found at either Visa or MasterCard   
One or more of the following may apply
Non Sterling Transaction Fee: 2.99% of transaction (no minimum)

Default Fees

Late payment: £12
Over credit limit: £12
Returned payment: £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 6.9% (compound) p.a. is charged
  •  Calculation includes any introductory rate on purchases
  •  Credit limit is not exceeded
You pay the minimum every month You pay £50 every month You pay £100 every month

How much interest will be charged in the first year?

£62.12 £53.17 £37.31

How much interest will be charged in the second year?

£50.72 £15.90 -

Time it will take to pay off the balance

11 years 9 months 1 year 11 months 1 year

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: