| A | APR (Annual Percentage Rate) | The APR is the amount of interest you’ll be expected to pay if you borrow using your credit card. |
| Additional Card | A card we issue to an additional person nominated by you. |
| B | Balance Transfer | This is a payment you ask us to make from your Santander Credit Card account to repay or reduce an amount you owe to another credit or store card provider. |
| Balance Transfer Fee | This is a charge for the balance transfer service. |
| C | Credit Limit | Your credit limit is the most you are allowed to borrow on your account. |
| Credit Reference Agency | Credit reference agencies supply information about people to financial institutions to help them make lending decisions. They also confirm people’s addresses and help guard against fraud. |
| I | Interest Free Period | If you don’t have an outstanding balance on your credit card, the interest free period is the maximum time you have to pay new balances before interest charges apply. |
| M | Minimum Repayment | This is the minimum amount you need to repay each month by a certain date. It’s usually based on a given percentage of the total balance. |
| O | Outstanding Balance | Your outstanding balance is what remains on your account at any time, unless you’ve cleared the balance and made no further transactions. |
| P | PIN | The Personal Identification Number is a private number you'll need in order to use your card in cash machines and shops. |
| S | Statement | This is a monthly bill from Santander Cards Limited which summarises your account, including the outstanding balance, new purchases, payments, credits, interest charges, other finance charges and other transactions for the month. |
| Statement Date | The date your statement is produced. |
| V | Variable Rate | An interest rate which may change from time to time. |