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5 December 2021
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APR

The information in this table summarises key product features is not intended to replace any terms and conditions. For full details, please read our credit card agreement.

Interest rate

Representative 27.97% APR (variable)

Introductory rate

2.06%

Monthly rate

Simple rate 24.68%

Compound
equivalent 27.98%

n/a

Simple rate 24.68%

Compound
equivalent 27.98%

Annual rate

Purchases

n/a

2.06%

Cash withdrawals

Interest-free period

Maximum 56 days on purchases if you pay the full amount you owe on each statement date on time every month.

No interest-free period on cash advances (subject to any interest-free promotional offer).

Interest charging information

Purchases. We won't charge interest on purchases if you pay the full amount you owe on each statement date on time every month. Otherwise, we'll charge interest daily from the date an amount is charged to your account until it's paid in full.

Cash advances. We'll charge interest daily on cash advances from the date the transaction shows in your account until it's paid in full (subject to any promotional offers).

Allocation of Payments

We pay off amounts you owe at the highest interest rates before amounts charged at lower interest rates. We’ll apply payments to amounts that have appeared on your statements before amounts that haven't yet appeared on your statements.

Minimum Repayment

The minimum payment is the higher of the following amounts:
• £5 (or the total amount you owe if less); and
• any interest, default fees, or other charges, plus 3% of the amount you owe on the account.

Credit limit

Minimum credit limit: £200

Maximum credit limit: £5,000

Fees

There are no card membership fees with a Keebo credit card.

Charges

Mastercard Exchange Rate

Non-sterling transaction fee

2.5% (£2.50 minimum) of the amount after we've converted a transaction into pound sterling

Allocation of payments

Cash advance fee

2.5% (£2.50 minimum)

Default charges

Late payment fee

£5

APR

The information in this table summarises key product features is not intended to replace any terms and conditions. For full details, please read our credit card agreement.

Interest rate

Representative 27.97% APR (variable)

Interest-free period

Maximum 56 days on purchases if you pay the full amount you owe on each statement date on time every month.

No interest-free period on cash advances (subject to any interest-free promotional offer).

Interest charging information

Purchases. We won't charge interest on purchases if you pay the full amount you owe on each statement date on time every month. Otherwise, we'll charge interest daily from the date an amount is charged to your account until it's paid in full.

Cash advances. We'll charge interest daily on cash advances from the date the transaction shows in your account until it's paid in full (subject to any promotional offers).

Allocation of Payments

We pay off amounts you owe at the highest interest rates before amounts charged at lower interest rates. We’ll apply payments to amounts that have appeared on your statements before amounts that haven't yet appeared on your statements.

Minimum Repayment

The minimum payment is the higher of the following amounts:
• £5 (or the total amount you owe if less); and
• any interest, default fees, or other charges, plus 3% of the amount you owe on the account.

Credit limit

Minimum credit limit: £200

Maximum credit limit: £5,000

Fees

There are no card membership fees with a Keebo credit card.

Charges

Allocation of payments


Mastercard Exchange Rate

You can find their exchange rates at www.mastercard.co.uk/en-gb/personal/get-support/convert-currency.html.


Non-sterling transaction fee

2.5% (£2.50 minimum) of the amount after we've converted a transaction into pound sterling

Cash advance fee

2.5% (£2.50 minimum)

Default charges

Late payment fee

£5

Explaining interest rates

Simple rates. Your simple interest rate is what we use to work out how much interest you’ll be charged each month. It moves in line with the Bank of England base rate.

Compounding interest. We use your simple interest rate to work out the interest we charge you. If you don’t pay your balance in full each month, we’ll charge interest on interest. We calculate the interest charge on unpaid transactions daily and then add the interest to your account every month, this is called 'compounding' interest. Because this rate includes the payment of interest on interest, it will be greater than your simple interest rate.

Read more about interest rates, including the current Bank of England base rate, at the Keebo Help Center.