Credit cards Date:
Lloyds Bank has increased the introductory 0% interest terms on its balance transfer and purchase credit card, which sees it take the number one spot in the Best Buy chart for its sector, earning our highest rating in the process.
The Lloyds Bank Platinum 29 Month Purchase and Balance Transfer MasterCard now boasts an introductory interest-free term of 29 months on both purchases and balance transfers, the joint-market leader for its terms. It comes with an introductory balance transfer fee of 2.50%.
Balances must be transferred within 90 days, with a minimum transfer amount of £100, to qualify for the interest-free term. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.94% with a 3% fee, while standard purchases will be charged at 18.9% APR. This card can be obtained online only. Borrowers must be at least 18 years old and should remember that rates are representative and dependent on credit ratings.
The increased interest-free term on both purchases and balance transfers has made this credit card competitive enough to earn the top spot in the Best Buys and our highest rating.
Moneyfacts rating: Outstanding
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 Any products featured may be withdrawn by their provider or changed at any time.
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