Credit Cards
Free advice on borrowing, including credit cards, is available from local Citizen's Advice Bureaux, the National Debtline on 0808 808 4000 or the Consumer Credit Counselling Service on 0800 138 1111.
| Institution | Account | Interest Rate (APR) | Interest Free Period | Minimum Monthly Payment (greater of) |
|---|---|---|---|---|
| Barclaycard | Simplicity | 6.80% | 56 days | 2.25% or £5 |
| Intelligent Finance | Flat Rate Credit Card | 8.90% | 59 days | 2% or £5 |
| Halifax | One Card | 9.90% | 59 days | 2% or £5 |
| Co-operative Bank | Clear Credit card | 11.90% | 59 days | 2% or £5 |
What is APR?
APR is the Annual Percentage Rate. It was introduced as part of the Consumer Credit Act 1974 to give members of the public a way in which to make meaningful comparisons among products offered by financial institutions. It does this by requiring institutions to calculate all the costs9including fees and interest) associated with the borrowing in a consistent way, and reflect all these costs in an annualised rate.