Understanding interest rates for your Monzo Credit Card
When you apply for a Monzo Credit Card, if you’re eligible we’ll tell you your personalised interest rate and credit limit.
If you’ve already got a Monzo Credit Card you can find out your personalised interest rate and offer in your app.
Understanding APR APR stands for Annual Percentage Rate. It tells you the rate of interest you'll pay on an annual basis including any fees, like hidden or late fees – but we don’t charge these.
What variable means
'Variable' means we have the right to change this interest rate. We'll always give you notice if we plan to and we won't change your interest rate on any purchases you’ve already made.
What 'Representative' means 'Representative' means that more than half of customers will have this interest rate. This might not be the rate you get. We’ll always tell you the exact rate you’ll pay before you borrow from us. We'll offer a rate based on an assessment of your circumstances, taking into account your credit history and finances.
