Lloyds Bank Platinum Balance Transfer
Representative APR
24.9% APR (variable)
Purchases
0% for up to 6 months, then 24.94% (variable) p.a.
Balance Transfers
0% for 31 months, then 24.94% (variable) p.a. (3.2% fee for 3 months)
Account Fees
£0
Representative Example:
At an assumed credit limit of £1,200, with a purchase rate of 24.94% (variable) p.a., most accepted customers get a rate of 24.9% APR (variable).
Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.
Our Verdict
The Lloyds Bank Platinum Balance Transfer credit card offers up to 31 months of 0% interest on balance transfers, making it one of the longest balance transfer deals currently available. It may be a good option for those looking to repay existing credit card debt gradually without incurring interest provided the balance is cleared within the promotional period.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
Product Features & Benefits
| Issuer | Lloyds Bank |
|---|---|
| Network | Mastercard |
| Primary Category | Balance Transfer |
| Loyalty Scheme | |
| Incentive on opening | 0% interest on Balance Transfers for up to 31 months |
| Cashback/Rewards (if applicable) | No cashback scheme |
| Account Fee | £0 |
| Purchases | 0% for up to 6 months, then 24.94% (variable) p.a. |
| Purchases Interest Free Period | 56 days |
| Balance Transfers | 0% for 31 months, then 24.94% (variable) p.a. (3.2% fee for 3 months) |
| Balance Transfer Fee | 5.00% |
| Cash Advances | 24.94% (variable) p.a. (fees apply) |
| Minimum Credit Limit | £ 0.00 |
| Maximum Credit Limit | Subject To Status |
Fees & Charges
| Account Fee | £0 |
|---|---|
| Late Payment | £ 12 |
| Returned Payment | £ 0 |
| Exceed Limit | £ 0 |
| Duplicate Statement | £ 0 |
| Replacement Card | £ 0 |
| Trace Fee | £ 0 |
| Cash Withdrawal Fee | 5.00% |
| Cash Withdrawal Minimum Charge | £ 0 |
| Foreign Usage EU | 2.95% |
| Foreign Usage World | 2.95% |
Application Requirements
| Availability | Available to new customers. |
|---|---|
| Minimum Income | £ 0 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited and is acting as a credit broker, not a lender.
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