Credit cards Date:
Bank of Scotland has decreased the introductory balance transfer term on its leading balance transfer credit card by one month, but at the same time reduced the introductory fee, which sees it remain in the charts and earn the highest Moneyfacts rating.
The Bank of Scotland Platinum 40 Month Balance Transfer MasterCard now has an introductory 0% interest balance transfer term of 40 months, with an attractively low introductory fee of 1.69%. It also comes with a six-month 0% interest term for purchases.
Balances must be transferred within 90 days of account opening to benefit from the offer. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95% with a 3% fee (min. £3) and standard purchases at 18.9% APR.
Borrowers must be at least 18 years old, can apply online or over the phone, and should remember that rates are representative and dependent on credit ratings.
The decreased introductory fee has balanced out the slight decrease in term, which means the card retains its competitiveness and easily earns its place in the Best Buys, as well as our highest rating.
Moneyfacts rating: Outstanding
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