Summary Box

Key features of your Luma Credit Card

Summary Box

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

Representative Example

  • % APR representative variable
  • % p.a. variable on purchases
  • £ assumed credit limit

Interest Rates

Introductory Rate Monthly Rate Annual Rate
N/A % %*
Cash Withdrawals
Introductory Rate Monthly Rate Annual Rate
N/A % %*
Balance / Money Transfers
Introductory Rate Monthly Rate Annual Rate
N/A % %*

Interest Free Period

  • Maximum of days for purchases where the balance is paid in full and on time
  • 0 days for balance / money transfers and cash

Subject to any interest free period that may apply.

Interest Charging Information

No interest is payable on purchases if you pay in full the outstanding balance on your first statement by its payment due date. No interest is payable on purchases on subsequent statements if the outstanding balances on your current statement and the previous statement are paid in full by their respective payment due dates.

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

Interest Charge Dates
From Until
Purchases Posted date Paid in full
Cash Withdrawals Posted date Paid in full
Balance / money transfers Posted date Paid in full

Allocation of your payments

Unless you pay the outstanding balance in full, we will allocate your payments to pay your minimum payment including any Repayment Plan payments, any non-Repayment Plan balances, then any Repayment Plan balances. We will always allocate your payments to: balances that attract the highest interest rate first; and to any amounts which have already appeared on a statement before allocating your payments to any amounts subsequently applied to your account.

Minimum Repayment

The monthly credit card payment is:

- the full outstanding balance if it is less than £, but otherwise the greater of:

  • An amount equal to the total of (i) % of the outstanding balance on your account that is not part of a Repayment Plan balance; (ii) any Repayment Plan payments due for that month (if you have a Repayment Plan on your account); (iii) interest applied to your account in that month (excluding any interest charges already included in a Repayment Plan payment for that month); (iv) all Default Sums incurred in that month; and (v) one twelfth of your Annual Fee, or
  • £
Credit Limit
Minimum Credit Limit £
Maximum Credit Limit £
No annual fee
Balance / money transfer Handling Fee %
Cash Fee (includes gambling transactions) % (minimum £)

Foreign Usage

Payment Scheme Exchange Rate
One or More of the Following May Apply:
Non-sterling Transaction Fee %
Cash Fee % (minimum £)
Default Charges
Late and Failure to Pay Default Sum
For paying late or not paying at all
Overlimit Default Sum
For going over your credit limit
*The simple interest rate is % for balance / money transfers, % for purchases and % for cash withdrawals from the date of this agreement.