Credit cards Date:
Bank of Scotland has improved the introductory balance transfer term of its leading balance transfer credit card and decreased the introductory balance transfer fee. These changes easily manage to improve the card's position in the Moneyfacts charts.
The Bank of Scotland Platinum 40 Month Balance Transfer MasterCard is just shy of the longest introductory balance transfer term available, at 40 months from date of issue. It sweetens the deal with a reduced introductory balance transfer fee of 2.85% 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 longer balance transfer term and lower fee make this card even more attractive to new customers. They further ensure that the card keeps its outstanding Moneyfacts rating, and deservedly so.
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