credit cards

The information contained in this table summarises key product features of the first direct gold card and is not intended to replace any Agreement Terms.

APR	Typical 16.9%APR variable

other interest rates	introductory rate	monthly rate	annual rate simple	effective
Purchases	0% p.a. for 12 months	1.315%	15.780%	16.9%
cash advances	n/a	1.671%	20.052%	21.9%
Balance Transfers *see important notes	5.9% p.a. for 60 months	1.315%	15.780%	16.9%

interest free period	Up to 56 days for Purchases if you pay your balance in full and on time. There is no interest free period for Balance Transfers, Special Balance Transfers or Cash Advances.
interest charging information	Interest is charged from the date transactions are applied to your account until payment is received (unless the interest free period applies).
allocation of payments	Payments received are applied to pay off the minimum payment shown on your statement, then the remaining balance on your statement, then any unstatemented items. Within each of these categories we will pay off any Balance Protector premium first, then charges and interest followed by transactions in the following order: Special Balance Transfers Purchases and Balance Transfers (excluding Special Balance Transfers) **see important notes Cash Advances. In each category, transactions will be paid in the order in which they were applied to your Account. Full details are set out under Other Financial Information in the gold card Agreement Terms.
minimum monthly repayment	£5 or 3% (whichever is higher) of the Standard Balance, excluding any Balance Protector premium and £5 or 3% of any Special Balance Transfer balances, or the whole balance if it is less than £5.
amount of credit	Minimum credit limit is £3,000, maximum credit limit subject to status.
fees	No annual fee.
charges	Cash Advances 2.5% handling fee (minimum £2.50). (Includes cash withdrawals, Internal Transfers, the purchase of travellers cheques or foreign currency and money orders but not gambling transactions). Balance Transfers 2.5% handling fee (minimum £2.50) Foreign Exchange 2.75% of the amount of non-sterling transactions.
default charges	Late payment fee £12.00. Over-limit fee £12.00. Unpaid cheques or direct debits £5.00.

Except where any interest rates are stated to be fixed, all interest rates are variable.

• a special rate of 0% per annum on Purchases for 12 months and a special rate of 5.9% (5.75% simple rate, the effective rate is 5.9%) on Balance Transfers for 60 months. The Balance Transfer offer for 60 months and Purchase offer for 12 months is applicable upon making your first Balance Transfer from a competitor card, of minimum £100 and within two months of your card account being opened.

repayments

illustrative example (includes introductory rates)	for Purchases of £1,000 on your gold card
monthly payment	minimum payment each month	£50 payment each month	£100 payment each month
Taking into account introductory rates, how much interest will you be charged in the first year?	£0	£0	£0
How much interest will you be charged in the second year?	£101.22	£28.38	£0
How long would it take to clear the balance?	11 years, 8 month	1 year, 9 months	10 months

The above example assumes the following: the transaction takes place on 1st January and you make no further transactions; you always make the payment on the 15th; your statement is produced 31 days after you make the Purchase; interest is calculated based on the typical 16.9%APR variable rate and introductory rates are included

We recommend that you pay more than the minimum payment whenever possible. If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance, as shown in the example above.

important notes

*Both introductory Rates are available when you make a Balance Transfer of £100 (excluding members of the HSBC group) or more, made within 2 months of account opening. The promotional rate quoted is the simple annual rate used for calculation purposes. A Balance Transfer fee of 2.5% (min £2.50) will be charged for all Balance Transfers. All Balance Transfers must be made within 2 months of card opening. At the end of the promotional periods the rates for Purchases and Balance Transfers will revert to the Standard Variable Rate then applicable. This promotion is only available to new first direct credit card customers

**For agreements made on or after 1 October 2007, the Balance Transfer shall be treated in application of payments as a Special Balance Transfer.