Clear Rate credit card
A simple low rate for everyday spending
Open to UK residents aged 18 or over with a regular dependable income. Lending criteria, terms and conditions apply.
The need to knows
Designed for people who want a low-rate, low-maintenance credit card.
You’ll pay just one rate on purchases and balance transfers.
The actual APR you'll receive will depend on your circumstances. For some customers the purchase and balance transfer rates will be 11.9% p.a. (variable) or 14.9% p.a. (variable).
Interest on fees and charges is payable in line with our terms and conditions. Check out the Summary Box for full details.
|Representative APR||11.1% (variable)|
|Purchase Rate||6.9% (variable)|
|Assumed Credit Limit||£1,200|
Your credit limit will vary depending on our credit assessment of you.
How does the annual fee work?
New customers will be charged £24 when the card is first used (e.g. a purchase is made on the card) and then again every 12 months. If you close your account mid-term you will be entitled to a pro-rata refund of the annual fee. The annual fee will not incur interest charges.
Can I change my existing credit card to a Clear Rate Credit Card?
If the Clear Rate Credit Card suits your needs, you're welcome to apply. If your application is successful, you’ll receive a new credit card, PIN and credit limit. All applications are subject to status and a credit assessment.
How long does an online application take?
On average it takes about 15 minutes to complete an online application. To ensure you can complete the form accurately, you'll need to know:
- Your address details for the last three years
- Your income and employment details
- Your bank account number and sort code
When will I get my card?
If your application has been approved, we aim to get your new card to you within 5-7 working days.
How do I transfer a balance to the Clear Rate Credit Card?
You can request a balance transfer as part of your application. Alternatively, please give us a call on 0345 300 4642* when your application has been approved. You can make any number of balance transfers at any time as long as you do not exceed 95% of your available credit limit (min £100).
It can take up to three weeks to process your application and for payment to reach your other accounts, so please make payments to your other cards to keep them up to date and avoid any penalty fees.
Approval for a balance transfer is available once your application has been accepted. If your credit limit is insufficient to process all of your requests, we will action them in the order in which you have provided them to us.
You can transfer balances from non-RBS Group companies' credit or store cards. We can refuse to accept any balance transfer request.
*Calls cost up to 10p per minute plus up to 16p connection charge from BT lines. Calls from other networks may vary. Calls may be recorded.
Why is the APR different to the interest rate?
The APR (Annual Percentage Rate) is a combination of the interest rate and the £24 annual fee calculated as an interest rate over a 12 month period, based on an assumed credit limit of £1,200. The APR helps you compare the cost of borrowing.
We also quote a Representative APR when we advertise a credit card or borrowing rate. This includes any fees, e.g. annual or monthly fees. The advertised Representative APR is the rate that at least 51% of customers who are offered a credit card will receive.