Bank of Scotland Student Credit Card

The Bank of Scotland Student Credit Card is designed to put you in control of your finances now, as well as to help you start to build your credit history for the future.

  • Weekly balance updates and payment alerts sent by text
  • Manage your card using Internet and Mobile Banking services
  • Credit limits up to £1000.

So, whether you want it for everyday shopping, or for use in an emergency - the Bank of Scotland Student Credit card could be the one for you.

Applying online only takes a few minutes.

Benefits and features

This card also offers the following extras:

  • Transfers and payments made via Faster Payments
  • You're covered against online fraud on the Internet
  • Card replacement service if you lose it
  • No annual fees to pay
  • No interest on purchases if you pay your balance in full by each payment date
  • Accepted in 31 million locations (just look out for the MasterCard logo)
  • Additional cards and card holders available
  • Around the clock service.

Summary box

It’s always good to know the exact details so here is a clear summary of all the key credit card features. The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

SUMMARY BOX - Bank of Scotland Student Credit Card

Representative 19.9% APR (variable)

  Introductory rate Monthly rate Annual rate
Purchases Not applicable. 1.527% 19.95%
Cash Withdrawals Not applicable. 1.527% 19.95%
Balance Transfers Not applicable. 1.527% 19.95%
We may apply the standard interest rate during any special promotion period to any transaction if in any month you do not make at least your minimum payment by the minimum payment date or if you exceed your credit limit at any time.
  • Maximum 56 days for purchases if you pay the full balance shown on your previous and current statement on time.
  • No interest-free period on balance transfers or cash withdrawals.
You will not pay interest on new purchases if you pay the full balance shown on your previous and current statement on time. Otherwise, the period over which interest is charged is as follows:
  From Until
Purchases date debited to your account paid in full
Cash Withdrawals date debited to your account paid in full
Balance Transfers date debited to your account paid in full
Allocation of payments   If you don't pay your balance in full we will allocate payments to balances with the highest interest rate before balances with lower interest rates. See section 6.1 of the terms and conditions for full details
Minimum repayment An amount equal to the total of interest, default charges and 1% of the balance shown in your statement (minimum £5, or the full balance if less than £5).
Credit limit Minimum credit limit Subject to status.
Maximum credit limit £1000. Your cash limit is 50% of your actual limit.
Fees No annual fee.
Charges Cash withdrawals 3% or minimum £3.
Balance Transfers 3% for each individual Balance Transfer.
Copy statements £6 for copies of non-current statements.
Copies of transactions £5 for each copy of a record of a transaction.
Foreign Usage Payment scheme exhange rate Indicative rates can be found at
One or more of the following may apply:

Non-Sterling Transaction fee

2.95% of the amount of the sterling transaction value.

Cash fee

3% minimum £3
Default charges Late Payment charge £12
Returned Payment charge £12
Overlimit charge £12
These details are correct on 31/12/2012

Cost of Borrowing

Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a Direct Debit for any fixed amount over the minimum payment by calling 08457 29 39 49. Lines are open 24 hours a day, 7 days a week.

For longer term borrowing it may be more appropriate to choose a loan from us. If you would like to find out more about this you can call Bank of Scotland Personal Loans on 0845 600 4611, or visit or call into a Bank of Scotland branch, where our staff will be happy to help.

The following example highlights the difference between only paying the minimum and paying a fixed amount:

Illustrative exampleFor a purchase of £1,000 on your credit card…
Monthly Payment Minimum Payment each month £50 each month
Taking into account any introductory rates, how much interest will you be charged in the first year £175.23 £150.74
How much interest will you be charged in the second year? £155.11 £61.56
How long would it take to clear the balance? 18 years, 5 months 2 years, 2 months

The above example assumes the following: The transaction takes place on 1st January and you make no further transactions. You always make the payment each month on the 15th. Your statement is produced on the 1st of each month.

Bank of Scotland is a responsible lender and we only want you to borrow what you can afford and in a way that is best for you. If you’d like to talk to us about the choices you’ve made or would like advice, we will be happy to refer you to a member of staff who will be able to help you. They will also be able to help you if you’re experiencing financial difficulties.

Your APR Explained

Your personal APR for purchases will be 19.9% APR (variable). The interest rate for balance transfers will be the same as for purchases.


This credit card is only available online. It only take a few minutes to apply and in most circumstances you'll get an instant decision.

Balance transfers can be made from most credit and some store cards, excluding other Bank of Scotland products.

The Bank of Scotland Credit Cards are issued by Bank of Scotland plc, Registered in Scotland No.SC327000.
Registered Office: The Mound, Edinburgh EH1 1YZ.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority except for lending for which we are licensed by the Office of Fair Trading.
Credit facilities available subject to status to UK residents aged 18 or over.
We subscribe to The Lending Code; copies of the Code can be obtained from

Bank of Scotland Student Credit Card

Representative Example

Purchase rate:
19.95% p.a. (variable)

Representative APR:
19.9% APR (variable)

With an example credit limit of:

Credit limits can vary based on your individual circumstances.