Zinc MasterCard - Rates and fees
Please note the Zinc MasterCard has been withdrawn from sale with effect from 12th September 2010.
Any customer who has an existing Zinc card is not affected by this.
The information below summarises key product features and is not intended to replace any terms and conditions and relates to existing Zinc cardholders only.
Please note Government duty of €30 per annum is payable on credit cards.
Representative Example
| Zinc MasterCard APR and other rates | ||||
|---|---|---|---|---|
| APR | Representative 18.3% APR (variable) | |||
| Interest rates | Monthly Rate | Annual Rates | ||
| Simple | Effective | |||
| Purchases | 1.313% (variable) | 15.756% | 16.9% | |
| Cash advances | 1.608% (variable) | 19.296% | 21.1% | |
| Balance transfers | 1.313% (variable) | 15.756% | 16.9% | |
- APR is based on purchases and is inclusive of Government Stamp Duty (Currently €30).
- The total amount of credit provided is €5,000.
- The total amount you will have to repay is €5,436.93.
- You repay in 12 equal monthly repayments of €453.08.
(NOTE: No annual fee applies. Minimum monthly repayments are just €5 or 3% of your balance, whichever is the greater.)
Interest-free period
Maximum 56 days for purchases if you pay your balance in full and on time, and you have repaid your previous month's balance in full and on time.
There is no interest free period on cash advances or balance transfers.
Allocation of payments
If you do not pay off your balance in full when you make a payment it will be used to pay off any special offer, balance transfer or promotional offers before any cash withdrawals or standard rate purchases. See terms and conditions for full details.
Minimum repayment
3% of outstanding balance or €5, whichever is more.
Fees
Cash advances: handling fee 1.5%, minimum €2.54.
Foreign-currency transactions: administration fee 2%.
If your payment is late: €8.50.
If you go over your credit limit: €8.50.
If you require an additional copy of your statement: €2.
If your payment is returned for want of funds: €7.