Lloyds Bank Offering 0% APR for Up to 24 Months on Their Low Fee Credit Card

Individuals who are interested in getting their money’s worth would do well in considering the Lloyds Bank Low Fee 0% Balance Transfer Credit Card. Some of its main offerings include being able to get the lowest offer and being able to pay 0% interest on purchases for up to 12 months and up to 24 months on balance transfers.

However, customers who are availing of this credit card can only get these offers within 90 days of opening their account for balance transfers. After this period, the rate will go back to 3%. For purchases, this rate will apply for 12 months. For those who do not qualify for this credit card, the Classic credit card with a higher rate of 27.9% APR may be given.

Powered by Mastercard, the Lloyds Bank Low Fee 0% Balance Transfer Credit Card is a great choice with as the card comes with no annual fees.

Application and Qualifications

Applicants who are 18 years or older may apply for a Lloyds Bank Low Fee 0% Balance Transfer Credit Card. However, interested parties would do well to remember that only residents hailing from the United Kingdom would be entertained. In addition, only applicants with regular income and a good credit standing will be eligible to apply.

To apply, applicants are asked to fill out the application form online. Within 5 minutes, the bank can already provide a decision. Here, individuals are asked to provide their personal information, salary details, and employment details.

If the application is approved, individuals can get a minimum credit limit of £100, while the maximum limit depends on the applicant’s creditworthiness.

Card Fees and Charges

Individuals who are interested in the Lloyds Bank Low Fee 0% Balance Transfer Credit Card would have to remember the fees and charges that come with it. Apart from the fees mentioned above, users would be charged with £12 for late payments and over-limit charges. After the promotional period, cardholders would also have to pay the standard annual effective variable rate of 19.94%.