Notice of changes to interest rates, charges and how charges are applied to permanent tsb ICE Credit Card and Classic Credit Card, the changes to be effective from start of business on the 2nd December 2013.
 
ICE Visa Credit Card

Classic Credit Card
  Existing percentage / charge New percentage / charge Existing percentage / charge New percentage / charge
Purchase Interest Rate  14.01% 15.00%  18.8%  No change 
Purchase Interest Rate APR  17.3% APR 18.4% APR  23.0% APR  No change 

Cash Advance - Annual Interest Rate

 18.96% 20.96%  18.96%  20.96% 

Minimum Repayment Due as a percentage of bill

 5% 2.50%  5%  2.50% 

Minimum Repayment Due if greater than minimum percentage of bill

 €6.00 €5.00  €6.00  €5.00 

APR is Annual Percentage Rate

For ICE Visa Credit Cards and Classic Visa Credit Cards, the date from which interest is charged will change as follows:

  1. in the case of purchases, from the date of debit to the account to the date of purchase and
  2. in the case of Cash Advances, from the statement date to the date of the Cash Advance.
Notice of change to Conditions of use for permanent tsb Visa Credit Card, the changes to be effective from start of business on the 2nd December 2013.
Change New wording in conditions

New Cash Advance definition in 1. Definitions – CASH ADVANCE

Cash Advance: means the use of the Card for the purposes of obtaining cash or cash substitute (including for the purchase of quasi cash, i.e. the purchase of tokens or chips for the purpose of gaming or placing bets on the internet or otherwise) or other benefits through use of the Card, the Card number and where appropriate, in conjunction with the PIN for debit or credit to the Account pursuant to the Agreement.

Amendment to Condition 9 ACCOUNT, Sub condition 9 (c)

The Principal Cardholder will pay not less than the minimum amount shown as due to us within 25 days of the date of a Statement. The minimum amount shall be the greater of €5.00 or 2.5% of the amount outstanding, unless otherwise stated, or the whole amount if less than €5.00.

Amendment to Condition 16 INTEREST AND CHARGES - INTEREST, Sub condition 16 (a)

Interest will, where applicable, be charged on a daily basis from the date of the Transaction or in the case of Cash Advances, from the date of the Cash Advance, to the date payment is received and credited to the Account. Interest will be debited to your account on a monthly basis at the rate specified in your Statement.

Amendment to Condition 16 INTEREST AND CHARGES - INTEREST, Sub condition 16 (c)

If the full outstanding balance (including any Balance Transfer amount) is not repaid by the Payment Due Date in the Statement then:

  1. interest will be charged on each Transaction from the Transaction date until the Transaction is repaid in full and
  2. interest will be charged on each Cash Advance from the date of the Cash Advance until that Cash Advance has been repaid in full.

Amendment to Condition 16 INTEREST AND CHARGES - MINIMUM PAYMENTS, Sub condition 16 (f)

The Principal Cardholder may select as the minimum payment percentage any of the following percentages: 2.5%, 25%, 50%, 100% subject to a minimum payment of €5.00 or 2.5% (whichever is greater). We do not recommend that you only pay the minimum payment for prolonged periods. Interest is charged on the full outstanding balance, until repayment of the full Statement balance is credited to the Account.

Amendment to Condition 18 BALANCE TRANSFER, Sub condition 18 (b)

Where you complete a Balance Transfer request, you authorise us to debit your Card with the Balance Transfer amount and authorise us to forward a credit for that amount to your existing credit card provider.

New Sub condition 18 (c)

No more than one Balance Transfer may be made to the Account.

If you do not wish to accept the updated terms and conditions, you may terminate your agreement with us in line with your existing terms and conditions. If you do this, you must repay any money or charges due, but there will be no additional cost. If you do not contact us to terminate your contract, you are deemed to have accepted the changes from start of business 2nd December 2013.

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