Demo rate card34.9% illustrative APR (variable); credit limits from £250.00
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | Credit-builder credit card |
| Rate, reward or charge | 34.9% illustrative APR (variable); credit limits from £250.00 |
| Illustrative credit limit | £250.00 to £1,500.00 |
| Access | Small limits, a high APR and no fee; the story rewards paying the statement in full every month |
| Eligibility in the scenario | An adult story applicant with a thin or bruised fictional credit file |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
Try your own numbers
Change the amounts to see what Acorn Builder Card would do in the story. Fictional figures, no application, no advice.
Acorn Builder Card in charts
The same fictional model as the tables below, drawn rather than written. Hover or focus a mark for its value, or open the table view.
- Balance
- Interest so far
Interest rounded monthly; eleven equal payments and an adjusted final payment.
View as a table
| Point | Balance | Interest so far |
|---|---|---|
| Start | £1,200 | £0.00 |
| M1 | £1,113 | £30.31 |
| M2 | £1,024 | £58.43 |
| M3 | £932.79 | £84.30 |
| M4 | £839.18 | £107.86 |
| M5 | £743.21 | £129.06 |
| M6 | £644.81 | £147.83 |
| M7 | £543.93 | £164.12 |
| M8 | £440.50 | £177.86 |
| M9 | £334.46 | £188.99 |
| M10 | £225.74 | £197.44 |
| M11 | £114.27 | £203.14 |
| M12 | £0.00 | £206.03 |
The first bar is the whole point of a credit-builder card.
View as a table
| Category | Interest charged |
|---|---|
| Spend £150, clear in full | £0.00 |
| Borrow £500 over 12 months | £85.86 |
Using a small limit well
| Scenario | Spent | Interest charged | Total repaid |
|---|---|---|---|
| Spend £150 and clear the statement in full | £150.00 | £0.00 | £150.00 |
| Borrow the £500.00 limit and repay over 12 months | £500.00 | £85.86 | £585.86 |
The story rewards the first row. The second shows why a credit-builder card is a ledger exercise rather than a loan.
If £1,200.00 is borrowed at the standard rate
| Month | Payment | Interest charged | Balance after payment |
|---|---|---|---|
| 1 | £117.17 | £30.31 | £1,113.14 |
| 2 | £117.17 | £28.12 | £1,024.09 |
| 3 | £117.17 | £25.87 | £932.79 |
| 4 | £117.17 | £23.56 | £839.18 |
| 5 | £117.17 | £21.20 | £743.21 |
| 6 | £117.17 | £18.77 | £644.81 |
| 7 | £117.17 | £16.29 | £543.93 |
| 8 | £117.17 | £13.74 | £440.50 |
| 9 | £117.17 | £11.13 | £334.46 |
| 10 | £117.17 | £8.45 | £225.74 |
| 11 | £117.17 | £5.70 | £114.27 |
| 12 | £117.16 | £2.89 | £0.00 |
Borrowing assumptions: one £1,200.00 opening balance, no new spending, no fees or cashback, and 34.9% APR held constant. The equivalent monthly rate is (1 + 0.349)^(1/12) − 1. Interest is rounded monthly; eleven equal payments are followed by an adjusted final payment. Total repaid: £1,406.03; total interest: £206.03. This chosen repayment plan is not a minimum-payment schedule. Reward and offer tables describe separate situations from this one.
Acorn Builder Card is credit-builder credit card in the Credit cards range, used for showing a small, tidy borrowing history in the story. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Follow the numbers, not just the headline
The tables show the opening amount, time period and result for this product type. Savings figures are before tax unless the wrapper is tax-free; investment figures are scenarios, not forecasts; borrowing figures separate payments, interest and outstanding balance. A displayed result is conditional on its assumptions, not a guarantee. Keep unrelated examples separate rather than adding their balances together.
See the whole Credit cards range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Credit Cards — Plastic with a Bushy Tail
- Acorn Builder Card — How Much Fits in a Hollow?
- Acorn Builder Card — Compare the Canopy
AcornBank: entirely fictional banking, exceptionally committed squirrels.