The meaning of that sentence is that. You are eligible for 4% per annum interest rate, only when you fixed the funds deposited in your account over than 2 weeks (usually equal to 14 banking working days - not calendar days). Once you have passed this period, then you are eligible for the 4% p.a. interest rate; thus the calculations would be:

If you spend £1,200 at a purchase interest rate of 19.95% p.a. (variable) your representative APR will be 19.9% APR (  9 Sep 2019 The interest-free period stands withdrawn on the non-payment of the vary based on your purchase, revolve behaviour and the interest rate  7 Aug 2019 Credit cards generally have several different types of APR you'll want to look out for. Purchase APR: The interest rate applied to purchases made  ANZ Low Rate Visa. Introducing our lowest purchase credit card, with no annual fee. No annual card fee; 13.90% p.a. interest rate on purchases; Up to 55 days  Standard Balance Transfer Rate: 0% p.a. for 6 months. One off 2% Balance Transfer fee applies. Unpaid Balance Transfers revert to Cash Advance Rate. Minimum  With our Low Rate Credit Card, you can save straight away with our balance transfer offer18. Low interest rate on purchases; 0% p.a. on balance transfers for the  0.0% p.a. on purchases for up to 14 months. $64 annual fee in the first year ($129 after). Balance transfer rate.

26 Nov 2018 The average interest rate for credit cards from credit unions is only 9.37%. Finally, credit cards for people with bad credit top the list at an average 

Purchase rate. A purchase rate is the interest rate charged on regular purchases put on a credit card. It differs from a cash advance rate in that it is lower because banks and issuers view regular purchases as less risky. Generally, when we talk about credit card interest, we mean the purchase interest rate, which is the interest charged on purchases you make with your credit card. If you don’t pay your full balance each month (or even if you pay the minimum amount), you are charged interest on all the outstanding transactions and the remaining balance. The interest rate is 6.95% p.a. So after one year you pay £100 + £6.95 = £106.95 For the purpose of APR calculation you say that you borrowed £97 and repaid £106.95 a year later. So on £97 you paid £9.95 interest after one year. £9.95 is 10.26% of your £97 So the APR is 10.26% The APR is useful for comparing loan offers. Purchase rates. A purchase rate on a credit card is the rate of interest you will pay when you spend using your card. Normally, this figure is expressed as a percentage, and at current rates, can be anything from the teens to the low 20-somethings. Interest-free period. Some credit cards come with an interest-free period.

Enjoy 0% p.a. on purchases and balance transfers for 9 months (BT reverts to cash advance rate).4 Plus, you can continue to save with a low variable rate of 

Purchase rate. This is the interest rate you pay on purchases made with your card , expressed as a variable rate per annum. The rate applies for example,  The per annum interest rate refers to the interest rate over a period of one year with the assumption that the interest is compounded every year. For instance, a  View all product details, interest rates and fees to find the product to suit your needs. 0% p.a. for 14 months on purchases and 0% p.a. for 6 months on balance 

6 Apr 2017 The table below shows how interest rates differ depending on the type of card you choose: Purchase Rate (p.a.). Card Type, Minimum, Average 

It is typically shown as an annual percentage rate e.g. 6.00%pa (pa = "per annum ", which means "each year"). Simple interest or nominal interest. When you earn  If you spend £1,200 at a purchase interest rate of 19.95% p.a. (variable) your representative APR will be 19.9% APR ( 

7 Aug 2019 Credit cards generally have several different types of APR you'll want to look out for. Purchase APR: The interest rate applied to purchases made 

services to suit. View our interest rates for bank accounts and credit cards today. Tier, Intro rate, Purchase rate, Cash advance rate. All, 0% p.a. intro balance transfer rate for first 26 months (2% balance transfer fee applies) 1, 12.99% p.a. ? 25 Jul 2009 However, if you want a credit card for this purpose, the interest rate – displayed as an annual percentage rate (APR) – has a big impact so it's 

Generally, when we talk about credit card interest, we mean the purchase interest rate, which is the interest charged on purchases you make with your credit card. If you don’t pay your full balance each month (or even if you pay the minimum amount), you are charged interest on all the outstanding transactions and the remaining balance. The interest rate is 6.95% p.a. So after one year you pay £100 + £6.95 = £106.95 For the purpose of APR calculation you say that you borrowed £97 and repaid £106.95 a year later. So on £97 you paid £9.95 interest after one year. £9.95 is 10.26% of your £97 So the APR is 10.26% The APR is useful for comparing loan offers. Purchase rates. A purchase rate on a credit card is the rate of interest you will pay when you spend using your card. Normally, this figure is expressed as a percentage, and at current rates, can be anything from the teens to the low 20-somethings. Interest-free period. Some credit cards come with an interest-free period. The interest rate is the cost of borrowing the principal loan amount. The rate can be variable or fixed, but it’s always expressed as a percentage. The APR is a broader measure of the cost of a The special purchase interest rate will apply for a 15 month statement period from account opening. After 15 months period, any unpaid purchases will then attract the card’s standard purchase rate (currently 13.99% p.a. as at 25 February 2019).