Apply for an Option Account Today!
Our Option Accounts are designed to meet individual requirements. They offer greater flexibility, allowing you to decide each month how much of the outstanding balance you will repay and on how much you will pay interest.
An agreed credit limit is set and you need pay no more of the balance each month than the required minimum (£10 or 5% of the outstanding balance, whichever is the greater). Provided you are within the agreed limit you may continue to charge goods to your account.
An interest charge, which may be varied, of 1.39% (Typical annual percentage rate of 18.0% variable) is added when the previous months balance is not completely cleared, but if you settle your account in full by the 25th of the month in which you receive the statement then your transactions are interest free. The choice is yours and detailed statements are sent to you monthly so that you can always see exactly where you stand. As a privileged cardholder you can enjoy the following benefits:
- Flexibility of payment to suit you.
- Personal invitations to Oldrids sale previews and special events.
- Up to 7 weeks interest free credit
- Use of Option Account throughout the Oldrid Group of companies.
- Typical APR 18% variable
- No Annual Fee.
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Your Credit Limit
Your credit limit will be determined by us from time to time under the agreement and notice of it will be given by us to you.
Interest Rate
Monthly rate 1.39% (variable)
Annual Percentage Rate
The charge that is made for taking credit is expressed as an Annual Percentage Rate (APR). This charge is usually just the rate of interest, but it must include certain other charges, if they are made. The charges and their calculations are laid down by regulations under the Consumer Credit Act (1974), which ensures that those who give credit use the same formula for quoting charges. Thus, customers are able to make like-for-like comparisons on the cost of credit. We charge only interest. The APR does not take account of any variations of interest which may be made at any time at our discretion on commercial grounds, by notice under Clause 10. See Option Account Terms.
BE SURE YOU CAN AFFORD THE REPAYMENTS BEFORE ENTERING INTO A CREDIT AGREEMENT
Card Protection
Oldrids recommends that you have your cards protected with an approved Card Protection Company. Card Protection Plan Ltd. can arrange to cover all of your cards from as little as £20 per year.
For full details of benefits or an information pack please contact CPP at: www.cpp.co.uk.
CPP Ltd. Holgate Park, 156 Holgate Road, York YO24 4GA
Tel: 0870 6081529
How to Apply
If you are 18 years of age or over and you would like to apply for a card today, either call in to one of our stores and collect an application form or request an application form online.
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