APR
Rates as shown, depending
on individual circumstances
The information contained in this table summarises key product features not displayed elsewhere on this statement and not intended to replace any terms and conditions.
Representative 29.98% APR (variable)
Simple rate 26.23% or 29.26%
Compound
equivalent 2.98%
Simple rate 26.23% or 29.26%
Compound
equivalent 29.98% or 33.97%
Cash withdrawals in the UK
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. If you pay your balance in full by the payment date, we won't charge interest on purchases made with your credit card. Otherwise, if you don't pay your balance in full by the payment date, we'll charge interest daily on the outstanding balance, including any new purchases you make, until your outstanding balance is 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).
We allocate your payments to 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. We'll apply payments to amounts that attract interest charges at the time of your payment before those that do not attract interest charges at that time.
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.
Minimum credit limit: £100
Maximum credit limit: £5,000
There are no card membership fees with a Keebo credit card.
Non-sterling transaction fee
2.5% of the amount of the
transaction after we've converted a transaction into pound sterling (£2.50 minimum)
2.5% of each cash advance you make in the UK (£2.50 (£2.50 minimum)
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)
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).
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.
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.
Minimum credit limit: £200
Maximum credit limit: £5,000
There are no card membership fees with a Keebo credit card.
Explaining interest rates
The annual interest rates above are compounding interest rates based on a simple rate.
Simple rates: Your simple interest rate is what we use to work out how much interest you’ll be charged. It moves in line with the Bank of England Base Rate. When the Base Rate changes, you’ll see your simple rate change by exactly the same amount. Your “simple rate” is a variable rate comprised of two components – your Personal Rate (which will be either 21.98% or 25.01%) and the prevailing Base Rate (for these purposes this is assumed to be 4.25%).
“Base Rate” means the Bank of England Rate that is regularly published by the Bank of England and may change from -me to -me (or, if the Bank of England Base Rate is no longer published, any replacement rate that we reasonably select as the nearest equivalent rate to apply). The Base Rate element of your simple rate will never be less than 0%.
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, at the Keebo Help Center.
KEEBO Limited is a company registered in England and Wales (No. 12227891) authorised and regulated by the Financial Conduct Authority for consumer lending (FRN: 915914) and for the provision of payment services (FRN: 916866) under the Payment Services Regulations 2017. Registered address 125 - 127 Mare Street, London E8 3SJ.
