Credit cards Date:
Bank of Scotland has decreased the introductory balance transfer fee on its leading balance transfer credit card. This improvement to an already outstanding card results in it moving up to the number two spot of the Moneyfacts charts for its sector.
The Bank of Scotland Platinum 40 Month Balance Transfer MasterCard now boasts an introductory balance transfer fee of 2.41%, which is complemented by a long introductory balance transfer term of 40 months from date of issue and a six-month 0% interest term for purchases.
Balances must be transferred within 90 days of account opening in order 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. Standard purchases will be charged 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 lower fee makes this card even more attractive to new customers, resulting in an already highly rated card now moving to sit just behind the market leader for its sector, fortifying its outstanding Moneyfacts rating.
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