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0% interest credit card terms increased

0% interest credit card terms increased

Category: Credit cards
Date: 05/04/2017

Bank of Scotland has increased the introductory 0% interest terms on its balance transfer and purchase credit card, making it competitive enough to take the number two spot in the Best Buy chart for its sector, as well as earning our highest rating.

The basics…

The Bank of Scotland 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%.

The finer details…

Balances must be transferred within 90 days in order to receive the 0% deal. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95% with a 3% fee (£3 min), while standard purchases will be charged at 18.9% APR. This card can be obtained online or over the phone. Borrowers must be at least 18 years old and should remember that rates are representative and dependent on credit ratings.

Why we like it…

The increased interest-free term on both purchases and balance transfers has made this credit card competitive enough to earn the coveted number two position in its Best Buy chart, as well as 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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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