Credit cards Date:
Lloyds Bank has stepped up its game in the 0% interest credit card market by introducing a new 19-month 0% purchase card. This new deal has stormed straight into the best buy charts and it now sits just shy of the market-leaders.
Lloyds Bank Online 19 Month Platinum Purchase MasterCard offers one of the longest 0% introductory purchase periods in the bank's range, with a total of 19 interest-free months for all purchases. The card also benefits from a 0% balance transfer period of six months.
After the 19-month introductory purchase rate has ended, the rate will revert to 18.9% APR, while the balance transfer rate will rise to 18.94% once the introductory offer has passed.
Balance transfers made within the first 90 days will require a fee of just 1% to be paid. Transfers made after this time will have a higher fee of 3%.
Borrowers should remember that the rates are dependent on their credit rating, and they need to be at least 18 years old to apply.
The 0% purchase market has certainly been hotting up of late, and this latest offering from Lloyds Bank adds further fuel to the fire. The 19-month 0% purchase rate on this card pushes it towards the top of the best buy chart, while the six-month introductory balance transfer period and low fee add further appeal. As a result, this card is likely to be very attractive to borrowers looking to spread the cost of their spending.
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 Any products featured may be withdrawn by their provider or changed at any time.
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