Features and benefits

See if you can save

Rates & details

Rafidain Bank Credit Card: lower balance transfer fee summary box

The table below explains how interest rates and charges are calculated on our Rafidain Bank Credit Card low balance transfer fee offer. Balance transfers at 0% must be made within 3 months from account opening. The information contained in this table summarises key features and is not intended to replace any terms and conditions.

Introductory rates

Introductory rates
APR Representative 

17.9% APR

 (variable)
Other rates from 17.9% to 19.9% APR apply depending on individual circumstances.
Interest rates Introductory rates Monthly rate Annual rate
from to from  to
Purchases 0% p.a. for 3 months* on purchases 1.385% 1.527% 17.9% 19.9% 
Cash withdrawals
 n/a
 2.075% n/a 27.9%  n/a
Balance transfers 0% p.a. for 15 months* on balance transfers
 1.385%
 1.527% 17.9% 19.9% 
Balance transfer fee 0.65% for the first 3 months after account opening, after which time it will revert to 2.4% (minimum £5).

*Introductory rates apply from the date the account is opened. Balance transfers at 0% must be made within 3 months from account opening and are subject to a fee of 0.65% (minimum £5) after which time it will revert to 2.4% (minimum £5). Rafidain Bank reserves the right to withdraw, vary or extend these offers at any time. If you already hold a Rafidain Bank credit card or have closed one in the last 12 months you will not be eligible for the introductory offers.

Allocation of payments
 We will apply payments to debt bearing the highest interest rate first and, subsequently, to debt bearing lower interest rates in a high to low interest rate order. We will apply payments in this order, first to debt shown on your current statement and then to any debt which has not yet appeared on your statement.
Minimum payments
  • Where there is a balance on the account, you must pay us a minimum monthly payment equal to (i) any default charges and interest due on your statement plus 1% of the remaining statement balance, or (ii) £25, whichever is higher.
  • If the balance is less than £25 you must pay what you owe us in full.
Credit limit

Minimum credit limit     

 £500
Maximum credit limit      Subject to status
Fees
 No annual fee
Cash fee
 2.5% (minimum £3.00) of the amount withdrawn on each cash advance.
Balance transfer fee
 2.4% (minimum £5.00) of the amount of each balance transfer.
Copies of statements
 £5 for one copy and £10 for two or more copy statements, unless we tell you that a charge is not payable.
Card replacement
 If any card on your account is lost, stolen or damaged, we will replace it free of charge twice in a 12 month period. For each and every replacement card issued after that in this period you will be charged £10 per card.
Foreign usage

Compare the costs of using your card abroad		 Visa Exchange Rate
 Rates can be found at Visa Europe exchange rate
One or more of the following may apply:
Non-Sterling Transaction Fee
 2% of the transaction amount that is not covered by any commission-free allowance you may have earned.
Cash Fee
 2.5% (min £3.00) of the amount withdrawn on each cash advance
Late payment fee £12.00
Over limit fee £12.00

Read the full Rafidain Bank Credit Card terms and conditions (PDF) and compare the costs of using your credit card abroad. Rafidain Bank subscribes to the Lending Code, find out what this means with the The Lending Code PDF guide.

Ready to apply for this offer?

Apply now

Credit cards are available to those aged 18 or over and are subject to your circumstances. Rafidain Bank subscribes to the Lending Code. For more information on the Lending Code please visit

Managing your card

Apply online