The legal position
Agreements for charge cards made before 1 February 2011 are exempt from the Consumer Credit Act 1974 because there is no extended credit. Agreements for charge cards made on or after 1 February 2011 are not exempt unless there are only ’insignificant’ charges for the credit. There is no guidance in the legislation or in the Department for Business, Energy and Industrial Strategy guidance on what is ’significant’ in this context.