Credit Card Balance Protector
The balance protector provides life cover ensuring any outstanding balance, up to a maximum of £15,000, less any arrears, is repaid in the event of death. In addition, in the event of unemployment or disability, 10% of the outstanding balance will be repaid each month, subject to a maximum of £1,500, for up to 12 months in any one claim. Any outstanding balances greater than £15,000 are not covered by this policy.
The customer is eligible if they are a UK resident, 18 or over and under 65 and in employment for at least 16 hours per week. Special conditions apply if they are self-employed, are in temporary or fixed-term contract work and/or have a pre-existing medical condition.collapse
| Card Details | ||||
| Type of Card | Visa | This item is only available as a Visa card | ||
| Instant Online Decision | yes | An instant online decision is available to applicants. | ||
| Application Criteria | ||||
| Permanent UK Resident | yes | This product is only available to individuals who are permanent UK residents. | ||
| Minimum Age | 18 years | Minimum age for applicants is 18 years. | ||
| Minimum Income | £0 | There is no minimum income required. | ||
| Introductory Rates | ||||
| Intro Balance Transfer Rate | 0% | The introductory rate for balance transfers is 0.0% APR. Subject to the transfer being made in the first 2 months with a minimum of £500. | ||
| Intro Balance Transfer Duration | 15 months | Introductory balance transfer rate applies for 15 months. | ||
| Intro Balance Transfer Window | 2 months | Balance transfers made within 2 months will receive the introductory offer associated with this card. | ||
| Intro Balance Transfer Fee | 2.9% | Introductory balance transfer fee of 2.90% applied. | ||
| Minimum Intro Balance Transfer Fee | £2.90 | A minimum introductory balance transfer fee of £2.90 is applied. | ||
| Intro Balance Transfer Offer Begins | when balance transfered | The introductory balance transfer offer duration begins when balance transfered. | ||
| Intro Purchase Rate | 20% | The introductory rate for purchases is 20.0%. Subject to a balance transfer being made in the first 2 months with a minimum of £500. | ||
| Intro Purchase Duration | 6 months | 6 months | ||
| Intro Balance Transfer Availability | during fixed term | The introductory balance transfer offer can be taken during fixed term. | ||
| Standard Rates | ||||
| Typical APR (Variable) | 19.9% | The typical APR is 19.9% p.a. | ||
| Cash Advance Rate | 24.8% | The annual interest rate for cash advances is 24.8%. | ||
| Benefits | ||||
| Cashback & Rewards Credit Card | no | no | ||
| Cashback Reward | no | A cashback reward scheme is not available. | ||
| Rewards | no | no | ||
| Reward Points | no | No points scheme offered | ||
| Air Miles | no | No travel reward programme available | ||
| Shopping Rewards | no | No shopping reward program available. | ||
| Choice of Card Design | no choice | No choice of card design is available. | ||
| Payment Protection | yes | Credit Card Balance Protector The balance protector provides life cover ensuring any outstanding balance, up to a maximum of £15,000, less any arrears,...expand | ||
| Travel Insurance Cover | £0 | Travel Insurance is not available. | ||
| Lost Luggage Cover | no | Lost luggage cover is not available. | ||
| Fees & Charges | ||||
| Annual Fee | £0 | There is no annual fee | ||
| Interest Free Period | 56 days | Up to 56 days interest free period. | ||
| Minimum Repayment % | 3% | The minimum amount you must repay will be the greater of £5 or 3% of the balance shown, or the total balance if it is less than £5 | ||
| Minimum Repayment £ | £5 | You must pay at least 3% of the amount shown on the Account statement as outstanding or £5 (or the full amount if less than £5) | ||
| International Charges | 2.99% | Transactions made in foreign currencies within Europe are charged a 2.99% fee. | ||
| Late Payment Charge | £12 | A charge of £12.00 will be made if the issuer does not receive its minimum required payment from the cardholder by the date on which it is due. | ||
