How are finance and late charges calculated?
Finance charges – If you decide not to pay the total outstanding amount due on your card by the payment due date, a Finance Charge will be billed to your card. Details of how it is calculated can be found in our Guide to General Bank Tariffs. Late charges – If you do not pay the minimum amount by the due date, a Late Charge will be billed to your card. This is calculated each month at 5% of the minimum payment due. Further details of how this charge is calculated can be found in our Credit Card Cardholder Agreement.
