Credit cards Date:
Lloyds Bank has reduced the introductory balance transfer fee on its leading balance transfer card. This has secured its place in the Best Buy chart for its sector and once again earned it the highest Moneyfacts rating.
The Lloyds Bank Online Platinum 40 Month Balance Transfer MasterCard now has an introductory balance transfer fee of 1.94%, while its introductory balance transfer term remains highly competitive at 40 months from date of issue, and it also still comes with a six-month 0% interest term for purchases.
After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.94% with a 3% fee. Standard purchases will be charged at 18.9% APR.
The card must be opened online, after which it can be managed online, in branch, via smartphone app and over the phone. Borrowers must be at least 18 years old, and should remember that rates are representative and dependent on credit ratings.
The reduced fee makes this card even more attractive, ensuring its place in the Best Buys and allowing it to retain the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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