0% interest term boost for BoS credit card | Product News - Moneyfacts

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0% interest term boost for BoS credit card

0% interest term boost for BoS credit card

Category: Credit cards
Date: 16/03/2016

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 It is now over 6 months old so the content may be out of date.

Bank of Scotland has increased the interest-free term for both purchases and balance transfers on one of its credit cards, thereby securing its position on the Moneyfacts charts.

The basics…

The card has now been re-named as Platinum 24 Month Balance Transfer MasterCard, and it offers borrowers 24 months of interest-free balance transfers and purchases. An introductory fee of 2.5% will apply to balance transfers.

The finer details…

To qualify for the initial balance transfer deal, borrowers must ensure that they transfer their balances within 90 days of opening an account. After the introductory offers come to an end, standard purchases will be charged at 18.9% APR, while balance transfers will be charged at 18.95% per annum with a fee of 3.00%.

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

Why we like it…

Bank of Scotland has pushed this card further up the charts by increasing the length of its 0% interest offers. This is likely to be noticed by borrowers who are looking for a cost-effective way to spread the cost of their purchases while also managing their existing credit card debt. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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