0% balance transfer (with low 1.5% fee) for Long 28 months 0% for purchases for 12 months LLoyds Bank
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0% balance transfer (with low 1.5% fee) for Long 28 months 0% for purchases for 12 months LLoyds Bank

25
Found 30th Aug 2014
Platinum 28 Month Balance Transfer Card

Good for:
Saving - 0% interest for the first 28 months on balances transferred within the first 90 days after your account is opened.
Balance transfer fee of 1.5% applies on balances transferred within the first 90 days of opening the account, 3% fee applies thereafter.
Shopping - 0% on purchases for the first 12 months after your account is opened.
Our representative rate of 18.9% APR (variable) is what most customers, at least 51%, will receive when they apply for the Platinum 28 Month Balance Transfer Card.

They have provided me with a very generous credit limit.

Exclusively available online direct from Lloyds Bank and not through price comparison websites

25 Comments

Its a good deal OP for a long BT with a low transfer fee - heat added

Another option would be the Lloyds 0% 24 month balance transfer card with a 1.5% fee. 4 months less in terms of the BT but you can get £21 cashback via Topcashback which helps reduce the fee that you pay - e.g. £2k BT = £30 fee - £21 cashback = £9 for 2 years 0%

topcashback.co.uk/llo…rd/

Original Poster

Cashback does make it look very good in theory but i have had bad experience with TCB not once but couple of times now, so i thought the offer for 28 months suits better for people like me who cant be bothered with cashback etc.

Chanchi32

Its a good deal OP for a long BT with a low transfer fee - heat … Its a good deal OP for a long BT with a low transfer fee - heat addedAnother option would be the Lloyds 0% 24 month balance transfer card with a 1.5% fee. 4 months less in terms of the BT but you can get £21 cashback via Topcashback which helps reduce the fee that you pay - e.g. £2k BT = £30 fee - £21 cashback = £9 for 2 years 0%http://www.topcashback.co.uk/lloyds-bank-24-3-month-platinum-card/

bbhushan83

Cashback does make it look very good in theory but i have had bad … Cashback does make it look very good in theory but i have had bad experience with TCB not once but couple of times now, so i thought the offer for 28 months suits better for people like me who cant be bothered with cashback etc.



Can't be bothered with cashback? You do realise this is hotukdeals?!

be aware and read the small print, this is UP TO 28 months 0% on balance transfers. I've got a very good clean credit history, been a customer of lloyds for over 20 years, good salary and they only gave me 12 months 0% on balance transfers. gave me a reallyreally good credit limit, but I was more interested in the long term 0%, which didn't happen.

Original Poster

adethomp

be aware and read the small print, this is UP TO 28 months 0% on balance … be aware and read the small print, this is UP TO 28 months 0% on balance transfers. I've got a very good clean credit history, been a customer of lloyds for over 20 years, good salary and they only gave me 12 months 0% on balance transfers. gave me a reallyreally good credit limit, but I was more interested in the long term 0%, which didn't happen.



I dont believe thats the case, i haven't found anywhere "UP TO" 28 months. See extraction from their page:

Your APR explained

Our representative rate of 18.9% APR (variable) is what most customers, at least 51%, will receive when they apply for the Platinum 28 Month Balance Transfer Card. Other customers will receive either:

a rate of 21.9% APR (variable) and 0% interest for the first 28 months on balances transferred in the first 90 days; or
a rate of 25.9% APR (variable) and 0% interest for the first 28 months on balances transferred in the first 90 days.
All customers will also get 0% interest for the first 12 months on purchases.

Original Poster

kneale81

Can't be bothered with cashback? You do realise this is hotukdeals?!



I know what you mean but after being refused (the cashback) few time you kinda feel like not bothered.

bbhushan83

I know what you mean but after being refused (the cashback) few time you … I know what you mean but after being refused (the cashback) few time you kinda feel like not bothered.



The key most times with cashback sites (TCB/Quidco) is to stand your ground and insist on manual claims. It doesn't always work but at least it demonstrates that you aren't going to take any crap. Also make sure to raise a claim as soon as the t&c's have been met - don't wait!!

bbhushan83

I dont believe thats the case, i haven't found anywhere "UP TO" 28 … I dont believe thats the case, i haven't found anywhere "UP TO" 28 months. See extraction from their page:Your APR explainedOur representative rate of 18.9% APR (variable) is what most customers, at least 51%, will receive when they apply for the Platinum 28 Month Balance Transfer Card. Other customers will receive either:a rate of 21.9% APR (variable) and 0% interest for the first 28 months on balances transferred in the first 90 days; ora rate of 25.9% APR (variable) and 0% interest for the first 28 months on balances transferred in the first 90 days.All customers will also get 0% interest for the first 12 months on purchases.



well, that's what happened, believe it or not. I'm not in the habit of lying. just relaying my experience with this offer.

well i applied

bearing in mind i get a 3k limit with barclays and get a 2k limit with tesco (only had 600 on each)

I got offered a 750 credit limit

... No thanks

Similar to a Barclays offer a while back. I have no products with Barclays and they gave me a £9k limit! Was only looking for £3k. Maxed out the £9k as just moved house and now paying off £300 a month so by time 0% finishes the balance has gone too. Bought some shares with money I saved not paying off the balance.

These BT offers are great as long as you're not tempted to use them to forget about your borrowing and start borrowing more elsewhere

Original Poster

adethomp

well, that's what happened, believe it or not. I'm not in the habit of … well, that's what happened, believe it or not. I'm not in the habit of lying. just relaying my experience with this offer.



I am not saying you lied. I didn't find anywhere saying "upto" 28 months and cited the facts from their web page.

As far as other your and others comment about credit limit goes, from my experience I have been given a lot better credit limit than what post office offered me a week ago. Credit limit depends upon individual circumstances anyway.

click on the 'find out more' link, right at the top of the 'good for' listing - Saving - 0% interest for up to the first  28 months on balances transferred within the first 90 days after your account is opened.

if you make a balance transfer at the time of applying, it doesn't tell you how long you've got, I only found out after the fact. when I queried it with Lloyds, they pointed me to the above on the website

Right could someone help me here , at present i have a loan from tesco bank in which i owe in the region of £3000 at roughlt 10% APR i am wondering if i took this card out at 0% over 2 years could i pay this off at the 0 % with the 1.5% fee & inso saving the 9% ????
Edited by: "odinslad" 31st Aug 2014

odinslad

Right could someone help me here , at present i have a loan from tesco … Right could someone help me here , at present i have a loan from tesco bank in which i owe in the region of £3000 at roughlt 10% APR i am wondering if i took this card out at 0% over 2 years could i pay this off at the 0 % with the 1.5% fee & inso saving the 9% ????



Definitely worth considering.
10% APR vs 1.5% (fee) over 2 years (i'd think of it as less than 0.75% APR)

if i make a purchase with this does it mean i can repay with in the 12 months, without being charged interest? sorry i've never used an credit card before =/

adethomp

be aware and read the small print, this is UP TO 28 months 0% on balance … be aware and read the small print, this is UP TO 28 months 0% on balance transfers. I've got a very good clean credit history, been a customer of lloyds for over 20 years, good salary and they only gave me 12 months 0% on balance transfers. gave me a reallyreally good credit limit, but I was more interested in the long term 0%, which didn't happen.



Have to agree, last time they had an offer like this I applied and got (AFAIR) 21 months (which I was OK with) but this funky deal where you get 1.5% by them taking 3% then refunding 1.5% again later. However they were not prepared to put that in writing ANYWHERE. I called the helpline and said it must be written down somewhere but all they were prepared to say was if that was what I was offered, that's what it would be.

Also I had to wait for me to accept the offer and the account be opened before they'd tell me the credit limit. Pure bonkers.

That said I might have another try now

bbhushan83

Cashback does make it look very good in theory but i have had bad … Cashback does make it look very good in theory but i have had bad experience with TCB not once but couple of times now, so i thought the offer for 28 months suits better for people like me who cant be bothered with cashback etc.



I guess there is always the choice of applying via comparethemarket and flogging the meerkat on ebay, which minimises the difference between the 28m no cashback and 24m topcashback options.

Original Poster

MayIdunkMyBag

if i make a purchase with this does it mean i can repay with in the 12 … if i make a purchase with this does it mean i can repay with in the 12 months, without being charged interest? sorry i've never used an credit card before =/



Yes, you could pay anytime within 12 months for purchases or 28 months for BT, you pay is that 1.5 % fee for balance transfers.
Edited by: "bbhushan83" 31st Aug 2014

Just done this, it's an excellent deal. Bought a car split across two cards for just shy of £10k. Applied for the Lloyds card and they did the transfer during the application, got the credit I needed and am now paying it off over 28 months. I'm not a Lloyds customer so they went on my existing credit score. £150 pounds to borrow £10k is not to be sniffed at!

Thats good going stevie

I've also taken them up on this, after a very very bad experience with Halifax. Absolutely seamless transfer and I got the best interest rate (which surprised me considering my credit score isn't perfect). Think it helped that I have a current account with them though. They're like a completely different bank since the Lloyd's/TSB split. Heat added!

Never ever had issues getting credit from anywhere before....... LLoyds decline my application.....

is there any better deals out there than this or is this the best deal going at present

You know Foley 2001-uk i had the same problem a few years back , i had money in the bank , a permenent job , went to get a morgage & got knocked bad due to my credit rating as i didnt owe anyone money ..... strange i thought till i done my homework & found out you need a credit rating to get credit

I am Lloyds current account holder and also have there standard credit card, can i apply for this one? anyone know?
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