The interest rate on your Zable card is variable and linked to the Bank of England’s Base Rate.
What happens if the Base Rate changes?
If the Base Rate goes up or down, we’ll adjust your interest rate by the same amount within 7 working days—usually on your next monthly statement.
Note: If the Base Rate falls below 1%, we’ll use 1% when working out your rate.Will I be notified if my interest rate increases?
Yes, we’ll inform you in advance before any rate increase takes effect.What are my options if the rate goes up?
You can continue using your account under the new terms.
Or, you can close your account before the change. If you do, you’ll enter a paydown phase—your card will be permanently deactivated for new spending, and your account will be marked as closed on your credit report after your balance reaches £0. This decision is final and cannot be reversed.
Opting for an Interest-Free Period
You can avoid interest by paying your full statement balance on or before your payment due date each month. If you do this, you won’t be charged interest on your next statement.
If your account is in the paydown phase, interest may still apply to remaining balances unless you qualify for or opt into an interest-free period.