Credit card statement

Statement 30/08/2020

Classic Card

**** **** **** 9369

Full repayment amount

£51.97

Credit limit

£1000.00

Available credit

£948.00

Balance brought forward

£11.97

New balance

£51.97

Minimum payment due

£5.00

If you only make the minimum payment each month it will take longer and cost you more to clear your balance.

Payment due date

24/09/2020

if the minimum payment is made your estimated interest for next month is £1.03

Balance brought forward

£11.97

Date
Description
Amount
28/07/2020
CASHBACK
-£0.03
## 00000000000.00 000 @ 0.000000
£0.00
01/08/2020
WWW.AVAAZ.ORG LONDON
£12.00
## 00000000000.00 000 @ 0.000000
£0.00
20/08/2020
PAYMENT RECEIVED - THANK YOU
-£11.97
## 00000000000.00 000 @ 0.000000
£0.00
24/08/2020
PAYPAL *THUNDERBIRD 4029357733
£20.00
## 00000000000.00 000 @ 0.000000
£0.00
24/08/2020
PAYPAL *THUNDERBIRD 4029357733
£20.00
## 00000000000.00 000 @ 0.000000
£0.00

New balance £51.97

Subject to transactions being processed

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important information is included in this statement, please scroll down to the bottom of the page.
if the minimum payment is made your estimated interest for next month is £1.03

minimum payments

if you make only the minimum payment each month, it will take you longer and cost you more to clear your balance.

your statement balance consists of any balance showing on your previous statement, plus all transactions posted on this statement.

*subject to items in transit.

please note that a minus sign indicates a credit.

closing balance £51.97

allocation of payment

if you do not pay off the full amount outstanding, we will allocate your payment to the outstanding balance in a specific order, which is set out below in the next paragraph. The way in which payments are allocated can make a significant difference to the amount of interest you will pay until the balance is cleared completely.

if you only make a part payment to your account we will apply the amount you do pay to reduce higher interest rate balances before lower interest rate balances.

how interest is calculated

interest is charged on retail purchases from the date the transaction is debited to your account until repayment is made in full, except when the outstanding balance is paid in full by the payment due date. Interest is charged on cash, balance transfers and cheques from the date the transaction is debited to your account until repayment is made in full.

interest is calculated daily on your actual daily balance using the annual interest rate applicable on that day and taking into account any payments and/or refunds which have been received. Interest will increase the longer full repayment is delayed. No interest will be charged on default charges.

your estimated interest is the amount you will be charged on your next statement if you pay the Minimum payment by the payment due date including before the date that your monthly payment is due. it is for guidance only and assumes there are no further transactions on the account, no fees incurred and no changes to interest rates.

This means that if you do not clear your balance in full, interest will continue to accrue on the whole of your balance and not just on any minimum payment that you do not make.

dispute resolution

if you have a problem with your agreement, please try to resolve it with us in the first instance. if you are not happy with the way in which we handled your complaint or the result, you may be able to complain to the Financial Ombudsman Service. if you do not take up your problem with us first you will not be entitled to complain to the Ombudsman. we can provide details of how to contact the Ombudsman.

your interest rates explained

description monthly rate annual rate expiry date

Cash 2.071% 27.9% N/A
Purchases 1.521% 19.9% N/A
Balance Transfers 1.313% 16.9% N/A

summary box

The information contained in this table summarises key product features and is not intended to replace any terms and conditions. It is important you read the full terms and conditions carefully.

interest-free period

• Up to 56 days on new purchases if you pay your balance in full by the due date (including any promotional balances).
• There is no interest-free period for cash withdrawals or balance transfers (unless you have a 0% promotional or introductory offer period).

interest charging information

If you don’t pay your balance in full, we will charge you interest from the date we add the transaction or charge to your account, taking into account any payments and/or refunds that have been received. So the longer it takes you to pay back the balance, the more interest you'll pay - until you've paid off your balance in full. The period over which the interest is charged will be as follows:

From

Until

•
Purchases
Date charged to your account
Repaid in full
•
Cash transactions
Date charged to your account
Repaid in full
•
Balance transfers*
Date charged to your account
Repaid in full

No interest will be charged on default charges. Your estimate interest is the amount you will be charged on your next statement, assuming that you make a minimum payment by the due date, make no more transactions before the next statement and don't change your statement date.

allocation of payments

If you pay less than the total amount owing, we will use that payment to reduce your higher interest-rate balances first (such as cash withdrawals), before your lower interest-rate balances (such as purchases). If some amounts are charged at the same interest rate, we’ll apply your payment to the oldest amounts first, unless you have more than one promotional offer at the same rate. In that case, we’ll apply your payment to these balances in the order in which the offers started (so balances on earlier offers will be paid first, even if you have older transactions on an offer that started later).

minimum repayment

Your monthly minimum payment will be one of the following, whichever is the highest amount:

•
2% of the total balance on your statement (including interest and charges);
•
£5; or
•
the sum of (i) interest for the period from your last statement, (ii) any charges and (iii) 1% of the total balance on your statement (excluding interest and charges).

If you only make the minimum payment each month it will take longer and cost more to clear your balance.

credit limit

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

fees

No annual fee.

charges

•
Cash fee (including travellers cheques, foreign currency and gambling).
3% of value, minimum of £3
•
Copy statement.
£2.50

foreign usage

Payment Scheme Exchange Rate can be found at: www.visaeurope.com/making-payments/exchange-rates

One or more of the following will apply:

•
Non-sterling transaction fee (including travellers cheques, foreign currency and gambling transactions).
2.75% of the transaction
•
Non-sterling cash fee.
3% of value, minimum of £3

Charged in addition to the non-sterling transaction fee when withdrawing cash outside the UK.

default charges

•
Late payment (payment received after the due date).
£10
•
Exceeding credit limit.
£10
•
Direct Debit.
£10

*Balance transfers are available up to 95% of your credit limit only, and are not permitted from other credit cards issued by The Co-operative Bank p.I.c. The interest rate on balance transfers is set out in the summary box above.

Bank statements from smile the internet bank from The Co-operative Bank, registered office: The Co-operative Bank plc, P.O. Box 101, 1 Balloon Street, Manchester M60 4EP. Telephone number: 03457 212 212. Registered in England and Wales No: 990937.

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The Co-operative Bank is covered by the FSCS.

The Co-operative Bank, Platform, smile and Britannia are trading names of The Co-operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester M60 4EP. Registered in England and Wales No. 990937.

The Co‑operative Bank p.l.c. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (No. 121885). The Co‑operative Bank, Platform, smile and Britannia are trading names of The Co‑operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester M60 4EP. Registered in England and Wales No.990937. Credit facilities are provided by The Co‑operative Bank p.l.c. and are subject to status and our lending policy. The Bank reserves the right to decline any application for an account or credit facility. The Co‑operative Bank p.l.c. subscribes to the Standards of Lending Practice which are monitored by the Lending Standards Board.