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Select Credit Card rates and details

Note:

You can no longer open a new Select Credit Card.

Summary box

This Summary Box sets out the key features of the credit card. For full details, please read the terms and conditions.

APR

Rates from 9.9% to 24.9% per annum (variable) apply depending on individual circumstances.

Interest rates

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Select Credit Card introductory rates.
Transactions Introductory rates Monthly rate Annual rate
From To From To
Purchases n/a 0.790% 1.870% 9.9% 24.9%
Cash withdrawals n/a 0.790% 1.870% 9.9% 24.9%
Balance transfers n/a 0.790% 1.870% 9.9% 24.9%

Interest-free period

  • Maximum 56 days for purchases if you pay the total of all non-promotional balances on your statement in full and by the due date
  • No interest-free period on balance transfers or cash withdrawals. Interest on balance transfers and cash withdrawals will be charged at the rates shown above.

Interest charging information

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Credit card interest charging information.
From Until
Purchases date transaction applied to your account statement balance, excluding any promotional balance transfers, paid in full
Cash withdrawals date transaction applied to your account statement balance total paid in full
Balance transfers date transaction applied to your account statement balance total paid in full

The transaction date is the date the amount appears on your account.

We work out interest on the average daily balance during each statement period. You will not pay interest on new purchases if you pay your statement balance, excluding any promotional balance transfers, in full and on time. Otherwise, the period over which interest is charged is as above.

Allocation of payments

We allocate payments to balances which show on your current statement in a high to low interest rate order, then, to balances in a high to low interest rate order which do not yet appear on your statement. For further details, please refer to your credit card terms and conditions.

Minimum repayments

  • Any default charges and interest due on your statement plus 1% of the remaining statement balance, or £25, whichever is the greater.
  • Balances of less than £25 must be paid in full.

If you only make the minimum payment each month, it will take you longer and cost you more in interest to repay your debt.

Credit limit

Credit limits.
Minimum credit limit Maximum credit limit
£500 Subject to status

Fees

No annual fee.

Charges

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Credit card charges.
Cash fee Balance transfer fee Copies of statements Card replacement
2.5% (minimum £3) of the amount withdrawn on each cash advance. 2.4% (minimum £5) of the amount of each balance transfer. No charge No charge

Foreign usage

Foreign usage table.
Visa Exchange Rate Cash fee
Rates can be found at Visa Europe exchange rate (opens in a new window) 2.5% (minimum £3) of the amount withdrawn on each cash advance

Default charges

Default charges table.
Late payment fee Over limit fee
£0 £0