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The information contained in this table summarises key product features and is not intended to replace any terms and conditions

APR

Typical rate 17.9% APR (variable)

Interest rates

	Introductory rate	Monthly rate	Annual rate
Purchases	n/a	1.3852%	17.9% p.a.
Cash advances	n/a	1.5976%	20.9% p.a.
Balance transfers	0% for 6 months	1.3852%	17.9% p.a.
Cheque transactions	0% for 6 months	1.3852%	17.9% p.a.
Money transfers	0% for 6 months	1.3852%	17.9% p.a.

Interest free period

Maximum 46 days on purchases only, if you pay your statement balance in full and on time every month.
No interest free period for balance transfers, credit card cheques, money transfers or cash advances.
This is subject to any interest free promotional offer.

Interest charging information

You will not pay interest on new purchases if:

your previous statement was paid in full and on time; and
you pay your current statement in full and on time.

Otherwise the period over which interest is charged is as follows.

	From	Until
All transactions	date debited to your account	paid in full

Allocation of payments

If you do not pay your balance in full we will use your payments:

to reduce lower rate balances before higher rate balances.

If introductory rate balances are the same we will repay them as follows:

the ones which expires first; then
if expiry dates are the same - the one which started first; then
if the expiry dates, and start dates are the same - the one with the lowest standard rate.

Minimum repayment

Your balance (if this is less than £25); or
whichever is the greater of: £25; or 1% of your statement balance before any default charges and interest (to which we'll then add the default charges and interest).

Credit limit

Minimum credit limit	None
Maximum credit limit	Subject to status

Fees

No annual fee

Charges

Introductory rate

Balance transfers	2% handling fee, min £3
Cheque transactions	2% handling fee, min £3
Money transfers	2% handling fee, min £3

Standard rate

Cash advances	2% handling fee, min £3
Balance transfers	2% handling fee, min £3
Cheque transactions	2% handling fee, min £3
Money transfers	2% handling fee, min £3
Foreign currency	2.75% commission fee (of which American Express retain 1%)

Default charges

If your payment is late, if you exceed your credit limit, if your payment fails.

£12

The Virgin Atlantic American Express^® Credit Card is issued by MBNA Europe Bank Limited, Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ. Registered in England number 2783251. Credit is available, subject to status, only to UK residents aged 18 or over. As this credit card is issued by MBNA you can’t transfer a balance from another credit card issued by them. MBNA's consumer credit activities are licensed by the Office of Fair Trading (OFT) and MBNA's general insurance activities are authorised and regulated by the Financial Services Authority (FSA).