Demo rate card1.00% cashback; 27.9% illustrative APR (variable); £24.00 annual fee
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 | Rewards credit card |
| Rate, reward or charge | 1.00% cashback; 27.9% illustrative APR (variable); £24.00 annual fee |
| Illustrative credit limit | £1,000.00 to £8,000.00 |
| Access | 1% cashback on eligible purchases, capped at £25 per month, for a £24 annual fee; borrowing costs more than the reward |
| Eligibility in the scenario | An adult story applicant with a fictional income; all limits and acceptance decisions are invented |
| Fees | £24.00 a year |
| Currency | GBP (£), used solely for fictional calculations |
Cashback when eligible spending is repaid in full
| Monthly eligible purchases | Monthly cashback | Cashback over 12 identical months | After the annual fee |
|---|---|---|---|
| £250.00 | £2.50 | £30.00 | £6.00 |
| £500.00 | £5.00 | £60.00 | £36.00 |
| £1,000.00 | £10.00 | £120.00 | £96.00 |
| £2,000.00 | £20.00 | £240.00 | £216.00 |
| £2,500.00 | £25.00 | £300.00 | £276.00 |
Reward assumptions: 1.0% on eligible purchases, £25.00 monthly cap, no refunds and a £24.00 annual fee deducted once a year. The full statement balance is paid on time each month, so the model charges no purchase interest. Cash withdrawals, transfers, fees and interest are not eligible purchases.
If £1,200.00 is borrowed at the standard rate
| Month | Payment | Interest charged | Balance after payment |
|---|---|---|---|
| 1 | £113.97 | £24.86 | £1,110.89 |
| 2 | £113.97 | £23.02 | £1,019.94 |
| 3 | £113.97 | £21.13 | £927.10 |
| 4 | £113.97 | £19.21 | £832.34 |
| 5 | £113.97 | £17.24 | £735.61 |
| 6 | £113.97 | £15.24 | £636.88 |
| 7 | £113.97 | £13.20 | £536.11 |
| 8 | £113.97 | £11.11 | £433.25 |
| 9 | £113.97 | £8.98 | £328.26 |
| 10 | £113.97 | £6.80 | £221.09 |
| 11 | £113.97 | £4.58 | £111.70 |
| 12 | £114.01 | £2.31 | £0.00 |
Borrowing assumptions: one £1,200.00 opening balance, no new spending, no fees or cashback, and 27.9% APR held constant. The equivalent monthly rate is (1 + 0.27899999999999997)^(1/12) − 1. Interest is rounded monthly; eleven equal payments are followed by an adjusted final payment. Total repaid: £1,367.68; total interest: £167.68. This chosen repayment plan is not a minimum-payment schedule. Reward and offer tables describe separate situations from this one.
Bushy Tail Rewards Card is rewards credit card in the Credit cards range, used for a bigger reward on everyday spending that is always repaid in full. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
From opening figure to closing figure
A useful ledger separates money you contribute, interest, growth or rewards you earn, money you withdraw and any fees or borrowing charges. The examples below follow that order. A transfer between your own pots changes the location of money, not the total you own. The closing balance should always reconcile with those movements.
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
- Bushy Tail Rewards Card — Which Squirrels Can Join?
- Bushy Tail Rewards Card — Your First Imaginary Acorn
AcornBank: entirely fictional banking, exceptionally committed squirrels.