Summary Box & Key Information

The 123 Credit Card

SUMMARY BOX

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

SUMMARY BOX The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
Features:	Summary:
APR:	22.8% APR representative (variable)
Other interest rates:	Introductory/Promotional rate		Monthly rate		Annual rate
Purchases:	0% for 1 months from account opening		1.457%		18.9%
Cash Transactions:	N/A		2.207%		29.9%
Balance Transfers:	0% for 1 months from account opening		1.457%		18.9%
Interest free period:	Maximum of 56 days for Purchases if you pay your balance in full and on time. There is no interest free period on Cash Transactions and Balance Transfers.
Interest charging information
		From		Until
	Purchases	Date debited to your Account		Repaid in full*
	Cash Transactions	Date debited to your Account		Repaid in full*
	Balance Transfers	Date debited to your Account		Repaid in full*
	*Interest is calculated daily. You will not pay interest on new purchases if you pay your balance in full and on time each month. If you have not paid your balance in full in the previous month, you may receive a further interest charge in the following month even if you have paid your balance in the current month in full.
Allocation of payments:	If you do not pay off your balance in full, payments we receive are applied to the highest interest bearing transactions first. For further details, please refer to your credit card terms and conditions.
Minimum repayment:	All default fees ,annual fee (if applicable), payment protection insurance premiums, and interest plus 1% of the remaining balance shown on your statement and the amount (if any) by which you have exceeded your credit limit. (Subject to a minimum £5.) If you only make the minimum payment, it will take longer and cost more to clear your balance.
Credit Limit:	Minimum Credit Limit	£500
	Maximum Credit Limit	Subject to status
Annual fee:	£24 Annual Fee
Charges:	Balance Transfers	Up to 5% (minimum £5)^†
	Cash Transactions	3% (minimum £3)
	Copy Statement	£5 for each copy of a statement
Foreign Usage	Payment Scheme Exchange Rate	Rates can be found at www.mastercard.com or www.visaeurope.com
	Non-Sterling Transaction Fee	2.95% of transaction
	Non-Sterling Cash Fee	3% (minimum £3)
Default Charges:	Over limit fee	£12
	Late payment fee	£12
	Payment returned fee	£12
	Trace fee	£25 (if you do not inform us of a change of address and we have to trace you)
	You can avoid paying additional charges by staying within your credit limit and ensuring that payments are received on time.

† Balance Transfer fees differ by product up to 5%. Please check the specific product details that you are applying for, to get the actual Balance Transfer Fee

Recurring transaction

A recurring transaction is a regular payment (other than a direct debit or standing order) collected from your credit card account by a supplier of goods or services (such as a magazine subscription) in line with your instructions. The Direct Debit Guarantee does not cover recurring transactions.

If you have authorised a recurring transaction, the person being paid may continue to take payments from your credit card account until you tell them or us to cancel it. You may withdraw your consent to a recurring transaction at any time. The latest point at which you can cancel your authorisation with us is the end of the working day¹ before the recurring transaction is due to be paid.

Payment Methods

You can make payments to your account in the following ways

Payment type	Information
Direct Debit	You can set up a Direct Debit to pay either the minimum repayment, a fixed amount or the full amount of your statement balance. If you would like to set up or amend a Direct Debit you can either call us on 0845 602 1582* or, if you're registered, through our online banking service.
Standing order / telephone banking / internet banking	Please contact your Bank or Building Society and use the bank details provided on your statement to set up a bill payment. Please allow 1 working day¹ for the payment to be credited to your account.
By cash or cheque at a bank or building society	You can pay by cheque or cash at any Santander UK branch. Allow up to 1 working day¹ for payment to clear if making a cash payment. If paying at any other bank or building society, please use the payment slip from your statement and allow up to 7 working days¹ for payment to be credited to your account.
Cheque payment to Santander	You can pay by posting your cheque to Santander Cards using the envelope provided in your statement. Please allow up to 7 working days¹ for the payment to be credited to your account.

Full details about payment methods can also be found on the back of statements.

1. A working day is defined as Monday - Friday, excluding bank holidays.

*Calls may be recorded or monitored for training and security purposes
*Call charge information