Warehouse - Summary of the card features

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

Purchase Interest rate: 

If your APR is 24.9% the purchase rate p.a. for your card is 22.6%

If your APR is 27.4% the purchase rate p.a. for your card is 24.7%

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 payment 
Every month you must pay at least the minimum amount set out on your statement. This will be either 4% of the outstanding account balance or £4, whichever is greater. 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. Warehouse acts as a credit intermediary and only offers credit products for Ikano Bank AB (publ)