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Gold Card - For Purchases

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representative rate of 16.9% APR variable
0% interest on purchases for 17 months from account opening*
no annual fee

Apple Pay and Google Pay compatible
use your card to make contactless transactions
£500 Minimum credit limit (subject to status)
Available to existing 1st Account holders only

Representative example

Assumed credit limit	Representative APR	Purchase rate
Assumed credit limit £1,200	Representative APR 16.9% APR variable	Purchase rate 16.9% p.a. variable

Assumed credit limit

Representative APR

Purchase rate

Assumed credit limit

£1,200

Representative APR

16.9% APR

variable

Purchase rate

16.9% p.a.

variable

*The rate for purchases is 0% interest for 17 months from opening your account. At the end of the promotional period the rate on the outstanding balance will change to the standard variable rate that applies at the time.

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Our Gold Card in detail

Here are the things you need to know before you can decide if our Gold Card is right for you.

Account information title

Account information details

The representative APR is 16.9% APR variable

Based on an example credit limit of £1,200, our 16.9% rate p.a. for purchases gives a representative rate of 16.9% APR variable.

Other interest rates apply

Unless we specifically tell you interest rates are fixed, you should assume they're variable.

	Introductory rate	Monthly rate	Annual rate
Purchases	0% on purchases for 17 months after account opening	1.315%	16.9%
Cash Advances	n/a	1.809%	23.9%
Balance Transfers	n/a	1.315%	16.9%

Interest free period

Up to 56 days' for purchases when you pay your balance in full every month by the due date.

Interest charging information

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

Purchases, balance transfers, cash advances and cash related payments

From: Date debited to your account
Until: Paid in full

Allocation of payments

If the amount you pay in a month is less than the full amount you owe, we will apply the amount you pay in the following order;

a. any unpaid arrears or amounts over the credit limit;

b. the amount you owe us and shown in your statement;

c. any transactions, interest or charges not yet included in a statement.

We will apply your payment first to amounts on your account which we charge at the highest interest rate followed by amounts we charged at lower rates. In each case, interest and charges are paid off first.
If some amounts are charged at the same interest rate, we will apply your payment to the oldest amount first.

Minimum repayment

The minimum payment will be the higher of;

A. The sum of

a. interest for the period from the last statement

b. any default charges, and

c. 1% of the full amount you owe as shown on your monthly statement (not including interest and default charges)

B. 3% of the full amount you owe as shown in your monthly statement (including interest and charges)

C. £5

Credit Limit

Minimum credit limit is £500, maximum credit limit is subject to status.

Fees

No annual fee.

Charges

Cash fee	2.99% of the cash advance or cash related payment, minimum £3
Balance Transfers	2.9% of each balance transferred, minimum £5
Copies of statements	£5 for an additional copy of a statement

Default Fee

For paying late	£12
For going over your credit limit	£12
For payments which are returned unpaid	£5
For enforcing repayment, including legal costs and tracing costs	Our reasonable costs

Foreign Usage

You can find out more about the Payment Scheme Exchange Rate at the Visa Rates website Opens an overlay [Will show a security message first]. Opens an overlay [Will show a security message first]

Dependent upon the type of transaction you undertake one or more of the following charges will apply:

Non-Sterling transaction fee:	2.99% of the amount of the sterling transaction value
Cash Fee:	2.99% of the cash or cash related payment, minimum £3

Show the section Repayments illustrations

What you can expect to pay

We all know it makes financial sense to pay more than the minimum payment whenever possible. Take a look at the example below (which includes introductory rates*), for a hypothetical purchase of £1,000 on your Gold Card. If you only make the minimum payment each month, it will take you much longer to clear your balance and will cost you more.

	Minimum payment each month	£50 payment each month	£100 payment each month
Interest you'd pay in the 1st year	Minimum payment each month£0.00	£50 payment each month£0.00	£100 payment each month£0.00
Interest you'd pay in the 2nd year	Minimum payment each month£53.68	£50 payment each month£6.74	£100 payment each month£0.00
Length of time to clear the balance	Minimum payment each month11 years, 6 months	£50 payment each month1 year, 10 months	£100 payment each month12 months

The above example makes a number of assumptions:

the transaction took place on first day of January
the credit card statement was produced 31 days later
no further transactions were made on the card
payments were made on the 15th day of every month
interest is calculated based on the representative 16.9% APR variable rate
introductory rates are included.

If you set up a recurring transaction (sometimes called a continuous payment authority), for a regular payment like this, it's seen as an agreement between you and the retailer - so, unfortunately, it won't be covered by the Direct Debit Guarantee.

How to apply for a Gold Card

Existing Customers

Logon to our App or Online Banking and go to ‘Products’.

You can apply or simply get a commitment-free quote without a credit search.

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If you would prefer to speak to us, please call us on:

Telephone: 03 456 100 100

New to first direct

This product is only available to first direct Current Account customers (you're more than welcome to join us...)

More about our current account

Before you apply

You'll find more information in the Gold Card summary box and repayments illustration tabs on this page.

Please also read the following information before you apply:

If you know there are changes to your personal circumstances coming up - like maternity leave, a change in disposable income or a new job - or you are on a temporary or zero hours contract, please apply by telephone on 03 456 100 100.

This promotion is only available to first direct Current Account holders who haven't had a first direct Credit Card or Gold Card within the last six months. As you'd expect, credit is subject to status.

Who can apply?

All we ask is that you can say yes to everything below:

You’re 18 or over
You are a UK resident and live permanently in the UK
You have an annual income/pension before tax of £6,800 or more
You haven’t been declared bankrupt or registered for an Individual Voluntary Agreement in the last 6 years (or in the process of doing so.)