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We regularly review the rates we charge and this means that they can be increased or decreased.
When we make changes to interest rates we consider a number of things such as the economic situation, our customers' personal circumstances as well as how much it costs us to provide and manage your account. We also ensure we are in line with what other lenders are charging.
If we make a change to your interest rate we will give you 30 days' notice. You then have 30 days to tell us if you want to opt out of the rate increase, this means you can't continue to use your card for spending and will need to pay off any balance you have at your current rate of interest, before your account will be closed.
Your credit card Terms and Conditions provide more detail, or you can check out the UK Cards Association Credit Card and store card repricing factsheet.