Karen Millen - Summary of the card features

Below is a summary of the key features of your Karen Millen card not displayed elsewhere on the statement. This is not intended to replace any terms and conditions.

APR: Representative 28.9% APR variable 

Purchase Interest rate: 

Your purchase rate p.a. for your card is 25.9%

OTHER INTEREST RATES:
Promotional Rates - 0% per annum on all purchases of £199 or more for the first six months after the statement date upon which the transaction is first shown. Thereafter and for transaction which do not qualify for the Annual Interest rate will be 25.7%. 

INTEREST FREE PERIOD:
Transactions - up to 56 days on transactions if your balance is paid off by the 'payment to reach us date'. We will charge interest from the date of the transaction until the date that the outstanding balance is repaid in full. Promotional period - six months on all transactions of £199 or more. If the full balance is not cleared within any applicable Promotional period, interest is charged on the outstanding balance at the annual rate shown. Interest is not backdated, it is only charged from the day after the expiry date of any Promotional Period. 

ALLOCATION OF PAYMENTS:
Any payment that you make which is insufficient to repay the full balance on your account will be applied to cover any insurance premium due as a priority. Payment will then be allocated to pay any higher interest rate balances off first, before any lower interest rates. When payments are allocated to each different balance they will be applied in the following order, default fees and charges, interest and then purchases. 

MINIMUM PAYMENT:
Every month you must pay at least the minimum amount set out on your statement. This will be either 3.65% of the total amount charged to your Karen Millen Card, or £3.65, whichever is the larger. Any default fees you may have been charged may also be included if you opened your account on or after 1st January 2011. 

AMOUNT OF CREDIT:
Minimum credit limit of £100

ANNUAL FEE:
None

CHARGES:
None

DUPLICATE COPY OF STATEMENT:
£2.50 per statement

DEFAULT CHARGES:
£12 for late payments, cheques returned 'refer to drawer' and unpaid direct debits.

This does not replace any legal conditions and we ask you to read the full terms and conditions for more information. Karen Millen acts as a credit intermediary and only offers credit products for Ikano Bank AB (publ)