Summary Box For The Natwest Credit Card: Our Pricing Policy

Summary Box for The NatWest Credit Card

Representative Example:
Representative 9.9% APR (variable) based on an assumed Credit Limit of £1,200.
Standard interest rate for purchases: 9.9% p.a. (variable). Annual fee: £0.
The actual credit limit will depend on our credit assessment of you. The actual APR you’ll receive will depend on
your circumstances.

Our Pricing Policy:

We use your application details and information obtained from credit reference agencies to decide the APRs we offer to
individual customers and the agencies will record our enquiries which may be seen by other companies who make their
own credit enquiries. We do not offer a facility to calculate your APR before you apply. At least 51% of customers offered a
credit card will receive our representative 9.9% APR (variable) and standard effective purchase rate of 9.9% p.a. (variable)
and balance transfer rate of 6.9% p.a. (variable). The standard effective cash advance and money transfer rate for these
customers will be 16.9% p.a. (variable). For other customers, the effective rates for purchases will be either 15.9% p.a. (variable)
or 18.9% p.a. (variable), the effective rates for balance transfers will be either 11.9% p.a. (variable) or 14.9% p.a. (variable) and
the effective rate for cash advances and money transfers will be either 22.9% p.a. (variable) or 25.9% p.a. (variable).
SUMMARY BOX
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR Representative 9.9% APR (variable)

– Rates of 9.9% APR, 15.9% APR or 18.9% APR, depending on individual circumstances.
Interest Rates Monthly Rate Annual Rates
Transaction Type Simple Effective
From To From To From To
Purchases 0.789% 1.453% 9.5% 17.4% 9.9% 18.9%
Cash Advances 1.309% 1.937% 15.7% 23.2% 16.9% 25.9%
Balance Transfers 0.557% 1.164% 6.7% 14.0% 6.9% 14.9%
Money Transfers 1.309% 1.937% 15.7% 23.2% 16.9% 25.9%
Interest Free • Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month’s
Period balance in full and on time.
• No interest-free period for cash advances, balance transfers or money transfers.
Interest You will not pay interest on new purchases if you pay your balance in full and on time, and have paid the previous
Charging month’s balance in full and on time. If you don’t do this, we may need to make an adjustment to include interest for
Information purchases on your next statement.
Otherwise, interest is charged on all types of transaction from the date they are debited to your account
until repaid in full.
From Until
Purchases, cash advances, balance transfers and Date debited to your account Repaid in full
money transfers
Allocation of • If you do not pay off your balance in full, payments we receive will be allocated in the following order:
Payments • to pay your contractual Minimum Payment under section 2 of this Agreement;
• to pay any Instalment Plan fees;
• to pay any monthly Instalment Plan repayments (if you have more than one plan we’ll first pay off the one which
ends soonest);
• to reduce sums shown on your most recent monthly statement (excluding Instalment Plans), according to their
interest rates, with the highest rate paid first;
• to reduce the remainder of the outstanding balance(s) on any Instalment Plan(s) on the account; and
• finally, if any payment exceeds your most recent monthly statement balance, the excess will then be applied to
reduce sums charged to your account but not yet shown on any monthly statement. This is also done according
to their interest rates, with the highest interest rate paid first.
• See General Condition 6 of your Credit Card Agreement for full details.
Minimum Each month, the greater of:
Repayment • £5, or the full balance if less; or
• that month’s interest, any Default Charges and that month’s Instalment Plan fee(s), 1/12th of any
annual fee and 1% of the remaining balance (including any Instalment Plan balance(s) but excluding
any annual fee).
We encourage you to pay more than the minimum amount each month, to clear your balance more
quickly and pay less interest. If you’re finding it difficult to make payments please tell us so that we
can try to help.
Credit Limit Minimum £300
Maximum Subject to status
Fees Annual fee £0
Instalment Plan Fee If you take out an Instalment Plan, you will also pay
an Instalment Plan fee; see General Condition 15 for
further details.
Charges • Cash Fee (cash withdrawals and Gambling 3% handling fee, minimum £3
Transactions)
• Cash Fee (all other Advances) 3% handling fee
• Copies of statements £3 each
• Returned payment £10 each
Foreign Usage Payment scheme exchange rate Rates can be found at Mastercard –
https://www.mastercard.co.uk/en-gb/consumers/
get-support/convert-currency.html
One or more of the following may apply:
• Cash Fee (cash withdrawals and Gambling 3% handling fee, minimum £3
Transactions)
• Cash Fee (all other Advances) 3% handling fee
Default • If your payment is late by more than one day £12
Charges • If you exceed your credit limit by more than £12 £12
NW DYN PCC 01/20

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Summary Box for The NatWest Credit Card

Our Pricing Policy:

APR Representative 9.9% APR (variable)

NW DYN PCC 01/20

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