0% interest on purchases for 26 months from account opening
T&Cs and fees apply. Credit facilities are subject to status and eligibility.
Credit cards can let you pay for goods and services, but have the the freedom to spread the cost over regular repayments to your credit card account. Yorkshire Bank Gold Mastercard® gives you the flexibility to purchase when you want, or transfer balances from other credit card providers or store cards, and pay your account back at regular monthly intervals. To apply for a Yorkshire Bank Gold Mastercard you must be 18 years or over and reside in the UK. Credit facilities are subject to status.
|Rate of interest 18.9% pa (variable)||Total amount of credit £1200||Representative 18.9% APR (variable)|
The actual credit limit assigned to your account will vary depending on our credit assessment of you. You can transfer a balance up to your full available credit limit with us but remember you also need to include the 3% balance transfer fee.
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
|Monthly Rate||Effective Annual Rate|
|Purchases||0% (for 26 months)||1.453%||18.9%|
|Balance Transfers||0% (for 12 months)||0.945%||11.9%|
You will not pay interest on new purchases if you pay your statement balance in full and on time. Otherwise, the period over which interest is charged is as follows:
* If you pay the balance in full, the interest charge for the period from the previous statement to the date of full payment will be debited the following month. If you default in the introductory period you will lose the benefit of any Introductory Rate and your account will incur interest at the Monthly / Annual Rate for the relevant balance. For further details please refer to your credit card terms and conditions.
|Allocation of Payments||If you do not repay the entire balance on your account we will apply the amount you pay to the outstanding balance starting with those items to which the highest rate applies. For further details please refer to your credit card terms and conditions.|
|Minimum Repayment||Each month you must pay us at least the minimum payment set out in your statement. This will be an amount equal to the greater of:
• All interest and default fees added to your account that month together with 1% of the remaining balance on your account or
• £5 (or the statement balance if it is less than £5)
Only ever making the minimum repayment will significantly increase the time taken to clear your balance and cost you more.
|Credit Limit||Minimum Credit Limit - £500.00
Maximum Credit Limit - Subject to status
|Fees||No annual fee|
|Charges||Cash advances - Cash Fee 3% (minimum £3.00)
Balance Transfers - 3% (minimum £3.00)
Copies of Statements or Vouchers - £5.00
|Foreign Usage||Payment Scheme Exchange Rate||Rates can be found at https://www.mastercard.com/global/currencyconversion/index.html|
|One or more of the following may apply:||Non-Sterling Transaction Fee - 2.95%
Cash Fee - 3% (minimum £3.00)
|Default Charges||Late payment or Over limit fees - £12.00|
Information correct as at 8th February 2017.
You spend £1,000 on 1st January and make no other transactions. The following example highlights the difference between only paying the minimum and a fixed amount each month on your Credit Card
|Monthly Payment||Minimum Payment each month||£50 each month|
|Without taking into account any introductory rates, how much interest will you be charged in the first year ?||£149.41||£125.08|
|How much interest will you be charged in the second year ?||£145.19||£54.91|
|How long would it take to clear the balance ?||18 years & 6 months||24 months|
Please note, the above example assumes the following:
Information correct as at 26th August 2015.