Lloyds Bank launches new 19-month 0% purchase card | Product News - Moneyfacts

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Lloyds Bank launches new 19-month 0% purchase card

Lloyds Bank launches new 19-month 0% purchase card

Category: Credit cards
Date: 19/09/2014

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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.

The basics…

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.

The finer details…

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.

Why we like it…

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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