The effective annual interest rate on your card is variable and linked to the Bank of England's Base Rate. If the Base Rate changes we will update our systems within 7 working days and your effective annual interest rate will move by the same amount, usually on the date of your next monthly statement. However, your interest rate will not track any movements in the Base Rate below 1% (for example, if the Base Rate is ever below 1% we will treat it as if it is 1% when we work out your effective annual interest rate).

Please note that you can opt in for the interest free period by clearing your statement balance on or before your scheduled repayment date, after your statement has been generated each month. If you clear your statement balance before or on your scheduled repayment date, you would not be charged interest on your next statement.