Oasis - Summary of the card features
Below is a summary of the key features of your Oasis card not displayed elsewhere on the statement. This is not intended to replace any terms and conditions.
Purchase Interest rate:
If your APR is 17.9% the purchase rate p.a. for your card is 16.7%
If your APR is 28.9% the purchase rate p.a. for your card is 25.8%
If your APR is 29.9% the purchase rate p.a. for your card is 26.6%
Interest Free Period
Up to 55 days on purchases if your balance is paid off each month by the 'payment to reach us by' date. We will charge interest from the date of the purchase until the date that the outstanding balance is repaid in full (see condition 8 in terms and conditions on the application form for further details)
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. Payments 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 Repayment
Greater of 3.65% of outstanding balance or £3.65 each month.
Any default fees you 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.
INSURANCE
(Please see your policy for applicability and full details of your cover and exclusions.)
Price Protection means in the event something you buy on your card is reduced in price you can claim the difference back less a small excess within the time period stated on your policy.
Payment Protection protects your monthly card repayments in the event you are unable to work due to involuntary unemployment, sickness, disability or accident. Or in the event of your death, we will pay the balance of your card up to your credit limit less any arrears.
Purchase Protection means in the event of something you buy on your card being lost or damaged, you will be reimbursed for that item subject to the terms and conditions of your policy.
Card Protection protects and assists you in the event your cards are lost or stolen enabling you to cancel and organise replacements for all cards registered with just one phone call. You are covered for up to £1000 in the event of unauthorised use of the cards registered.
Insurance Changes and Cancellation if you are not satisfied with your insurance cover, there is a 30 day cooling-off period in which you can cancel your policy at no cost to yourself. After this you can cancel the policy at any time without incurring any cancellation charges. We will not return any of your monthly premiums. To cancel your policy or change your cover call us on the Customer Service Helpline.
This does not replace any legal conditions and we ask you to read the full terms and conditions for more information. Oasis acts as a credit intermediary and only offers credit products for Ikano Bank AB (publ).