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Credit Card

0% interest on purchases for 26 months from account opening

T&Cs and fees apply. Credit facilities are subject to status and eligibility.

Sometimes it helps to split the cost of items that we purchase over a longer period. A credit card with Clydesdale Bank helps you do that.

With our Gold Mastercard® you can purchase an item at any time and pay back to your credit card account at regular monthly intervals. You also have the option of transferring balances from other providers’ credit or store cards, or even overdrafts. Applicants must be 18 years or over and be resident in the UK. All credit facilities are subject to status.

Overview

  • 0% interest on purchases for 26 months from account opening
  • 0% interest on balance transfers for 12 months from account opening (3% fee, min £3)
  • The 0% interest period starts from the date you open your card account. You may lose any introductory rates or promotional offers if you make late payments or miss payments.
  • Excludes balance transfers from existing Clydesdale or Yorkshire Bank credit cards or current accounts.

  • Find out more about our interest rates and charges. View full terms and conditions.
Representative example
Rate of interest 18.9% pa (variable) Total amount of credit £1200 Representative 18.9% APR (variable)

The actual credit limit assigned to your account will vary depending on our credit assessment of you. You can transfer a balance up to your full available credit limit with us but remember you also need to include the 3% balance transfer fee.

Summary Box

Clydesdale Bank Gold Mastercard

The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

Interest
Rates
Introductory
Rate
Monthly Rate Effective Annual Rate
Purchases 0% (for 26 months) 1.453% 18.9%
Cash Advances N/A 2.075% 27.9%
Balance Transfers 0% (for 12 months) 0.945% 11.9%
Interest-Free Period
  • Maximum 59 days for purchases if you pay your balance in full and on time
  • There is no interest free period for cash advances
  • Interest free period on balance transfers only apply to the introductory period
  • The 0% interest period starts from the date you open your card account. You may lose any introductory rates or promotional offers if you make payments late or miss payments.
Interest
Charging
Information

You will not pay interest on new purchases if you pay your statement balance in full and on time. Otherwise, the period over which interest is charged is as follows:

  From Until
Purchases Date debited to your account Repaid in full
Cash advances Date debited to your account Repaid in full*
Balance transfers Date debited to your account Repaid in full

* If you pay the balance in full, the interest charge for the period from the previous statement to the date of full payment will be debited the following month. If you default in the introductory period you will lose the benefit of any Introductory Rate and your account will incur interest at the Monthly / Annual Rate for the relevant balance. For further details please refer to your credit card terms and conditions.
Allocation of Payments If you do not repay the entire balance on your account we will apply the amount you pay to the outstanding balance starting with those items to which the highest rate applies. For further details please refer to your credit card terms and conditions.
Minimum Repayment Each month you must pay us at least the minimum payment set out in your statement. This will be an amount equal to the greater of:
• All interest and default fees added to your account that month together with 1% of the remaining balance on your account or
• £5 (or the statement balance if it is less than £5)

Only ever making the minimum repayment will significantly increase the time taken to clear your balance and cost you more.
Credit Limit Minimum Credit Limit - £500.00
Maximum Credit Limit - Subject to status
Fees No annual fee
Charges Cash advances – Cash Fee 3% (minimum £3.00)
Balance Transfers – 3% (minimum £3.00)
Copies of Statements or Vouchers – £5.00
Foreign Usage Payment Scheme Exchange Rate Rates can be found at https://www.mastercard.com/global/currencyconversion/index.html
One or more of the following may apply: Non-Sterling Transaction Fee - 2.95%
Cash Fee - 3% (minimum £3.00)
Default Charges Late payment or Over limit fees – £12.00

Information correct as at 8th February 2017.

ILLUSTRATIVE EXAMPLE – Clydesdale Bank Gold Mastercard

You spend £1,000 on 1st January and make no other transactions. The following example highlights the difference between only paying the minimum and a fixed amount each month on your Credit Card

Monthly Payment Minimum Payment each month £50 each month
Without taking into account any introductory rates, how much interest will you be charged in the first year ? £149.41 £125.08
How much interest will you be charged in the second year ? £145.19 £54.91
How long would it take to clear the balance ? 18 years & 6 months 24 months

Please note, the above example assumes the following:

  • Representative 18.9% APR Variable. It excludes introductory rates
  • The transaction takes place on 1st January and you make no further transactions
  • Your statement is produced on the 1st of each month
  • You always make a payment on the due date.

Information correct as at 26th August 2015.

Gold Mastercard Benefits