Top marks for 0% balance transfer card | Product News - Moneyfacts

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Top marks for 0% balance transfer card

Top marks for 0% balance transfer card

Category: Credit cards
Date: 04/01/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Lloyds Bank has extended the 0% interest term on one of its balance transfer credit card to 37 months, cementing its place in the Moneyfacts charts.

The basics…

The newly-named Online Platinum 37 Month Balance Transfer Credit Card MasterCard now has an interest-free balance transfer period of 37 months with an introductory balance transfer fee of 2.65%, enabling it to sit comfortably in the charts. It also has a six-month interest-free term for purchases.

The finer details…

Balance transfers must be made within the 90 days of the account opening in order to qualify for the 0% deal. Once the initial offers expire, balance transfers will attract a yearly charge of 18.94% with a fee of 3.00%, while standard purchases will be charged at 18.9% APR.

Applicants must be at least 18 years and apply online. Borrowers should remember that rates are representative and dependent on their credit rating.

Why we like it…

The extension of the interest-free term for balance transfers to 37 months has secured this card's place in the charts. Borrowers who are looking to clear their credit card debts over the long term will be delighted by this update, particularly as this deal also offers a competitive six-month interest-free period for purchases. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

To Apply for this card click here

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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