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First Trust Bank Option 1 Credit Card

The First Trust Bank Option 1 Credit Card is promoted by First Trust Bank, provided by Visa & MasterCard and has a typical APR of 18.9%. Compare all First Trust Bank Credit Cards or apply for the First Trust Bank Option 1 Credit Card now.

Card Details

Card Issuer Credit card issuer	First Trust Bank
Merchant Network The Card network the card belongs to	Visa & MasterCard
Card Limit Maximum upper balance limit for card spending	The maximum credit limit is subject to status.

Acceptance Criteria

Min Age Minimum age for applicants	18 Years
Min Income Minimum income required for applicants	There is no minimum income required.
Credit Rating Credit rating required for successful application of card	Prime

Introductory Balance Transfer Details

Intro Balance Transfer Rate Annual equivalent rate charged on balance transfers for the introductory period	N/A
Duration of Intro Balance Transfer Rate Duration of balance transfer rate for introductory period	N/A
Balance Transfer Limit Maximum upper limit for balance transfers to card	Subject to Status
Intro Balance Transfer Fee Fee for transferring balance as a percentage of the amount transferred during the introductory period	There is no fee
Intro Min Balance Transfer Fee Minimum fee for transferring a balance during the introductory period	There is no fee
Intro Max Balance Transfer Fee Maximum fee for transferring a balance during the introductory period	There is no fee

Introductory Purchase Rate Details

Intro Purchase Rate Annual equivalent rate on card purchases during the introductory period	N/A
Duration of Intro Purchase Rate Duration period for introductory purchase rate	N/A

Standard Rates

APR Typical (Variable) Annual Percentage Rate Typical (Variable) - this figure considers both the annual interest charged on purchases and any annual fees	18.9%
Purchase Rate Annual equivalent rate for purchases	18.9%
Balance Transfer Rate Rate charged on card palance as an annual equivalent percentage after any introductory period ends	18.9%
Cash Advance Rate Rate charged on cash advances as an annual equivalent percentage	18.9%

Benefits

Cash-Back Reward Cash-back reward for spending	The cash-back reward that will potentially apply to the majority of annual expenditure is 0.50%.
Air Miles Airmiles travel reward scheme available	There is no travel reward programme available.
Shopping Reward Program Shopping reward scheme available	No shopping reward program available.
Points Scheme Points reward scheme available	There is no points scheme available.
Other Incentives Additional card incentives available	Option Card The Option Card is one card with three different options: Option 1, Option 2 and Option 3 that the cardholder can switch between depending on their requirements. Price and Purchase Protection Insurance Premium of £1.00 per month. Price Protection * Covers most retail purchases of personal items bought in the UK; if an item is bought in full with the First Trust Credit Card and then find the same item on sale afterwards at a cheaper price, theinsurers will refund the difference. * Minimum claim amount of £20 per item and maximum of £250, subject to an annual claim limit of £2,500 for each cardholder. * The cardholder must discover the cheaper price within 15 days on the internet or 60 days for store purchases. Purchase Protection * Covers most retail purchases, made anywhere in the world, against theft, loss or accidental damage; insurers will repair, replace or reimburse up to the full purchase price of eligible purchase. * Maximum claim limit of £500 for any single item. The maximum claim limit amount for each claim is £15,000 and there is an annual claim limit of £50,000. Excess of £50 on each and every claim. * Up to 90 days cover from the date of purchase.
Charity Affiliation Affiliations to any charities for card spending	This is not a Charity Affiliation account.

Cashback Scheme Details

Introductory bonus on Cash-Back Cash-back bonus on introductory period.	Not applicable.
Max Spend that earns Cash-Back Where a cash back reward scheme is active, the maximum amout of spending permitted to earn cash back.	The maximum annual spend upon which the cash-back reward will be calculated is £50000.

Fees and Terms

Interest Free Period Number of days for interest free period	Up to 56 days interest free period.
Min Payment Minimum monthly payment required as a percentage of that month's total bill	3%
Min Payment Minimum monthly payment required if any balance is outstanding	£5
Annual Fee Annual fee for card	There is no annual fee.
Balance Transfer Fee Fee for transferring balance as a percentage of the amount transferred outside of any introductory period	0%
Min Balance Transfer Fee Minimum fee for transferring balance	£0
Max Balance Transfer Fee Maximum fee for transferring balance	£0
Cash Advance Charge Charges for a cash advance as a percentage of the cash advance amount	A handling fee of 1.50% will be charged on the amount of any cash advance subject to a minimum of £3.00 per transaction.
International Charges Charges for overseas transactions on card as a percentage of transaction	The rate of exchange includes a conversion fee of 2.75% of the value of the transaction.
Order of Repayments The order in which the various different types of credit are repayed when you pay over your monthly balance	If the cardholder does not pay the statement balance in full on the payment date, payments will be allocated in the following order: Fees and charges Cash Advances Balance Transfers Purchases

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