0% BT credit card term extended | Product News - Moneyfacts

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0% BT credit card term extended

0% BT credit card term extended

Category: Credit cards
Date: 18/02/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Lloyds Bank has extended the 0% interest balance transfer offer on its credit card, which has allowed it to move up the charts and secure the top rating.

The basics…

The newly-named Online Platinum 38 Month Balance Transfer MasterCard has increased its interest-free balance transfer term to a competitive 38 months. This introductory offer comes with a 2.65% fee as well as a six-month 0% interest purchase term.

The finer details…

Balance transfers must be made within 90 days in order to qualify for the introductory offers. Once these expire, balance transfers will be charged at 18.94% per annum (with a 3.00% fee), while standard purchases will be charged at 18.9% APR.

Borrowers must be at least 18 years old and apply online. Applicants should remember that rates are representative and dependent on their credit rating.

Why we like it…

By increasing the length of its interest-free balance transfer term, this card has shored up its position in the charts. Borrowers looking for a lengthy term in which to pay down their credit card debt are consequently likely to pay heed to this update. This is an outstanding product that fully deserves the highest Moneyfacts rating.


Moneyfacts rating: Outstanding

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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