Lloyds Bank Platinum 24 Month 0% Balance Transfer Credit Card (1.5% fee)
466°Expired

Lloyds Bank Platinum 24 Month 0% Balance Transfer Credit Card (1.5% fee)

27
Found 2nd Dec 2013
Our best balance transfer card Good for:

Saving - 0% for up to the first 24 months on balances transferred in the first 90 days (with a 3% fee).**
Balance Transfer fee refund - refunds part of a 3% fee so overall a 1.5% fee is payable.***
Shopping – 0% on purchases for the first 3 months.*
Easy spending – accepted worldwide.

* To stay eligible for promotional rates, you must stay within your credit limit and make your payments on time each month.

How the balance transfer fee refund works

The standard balance transfer fee of 3% will be applied when a balance transfer is processed. For example, if a customer transfers £1,500 a BT fee of £45 will be applied.
We'll refund 50% of that, i.e. £22.50 into the customer's credit card account within 60 days of the qualifying balance transfer completion date.
Minimum balance transfer amount is £100.

(Please note - i see this was posted about 2 months before but that post is expired, so sharing this).

27 Comments

I have a couple of credit cards about to expire with their 0% promotional rates, so dumping them onto this one card would make sense for me.

Is Lloyds part of any other bank that may reduce my likelyhoohd of getting this if I applied?
Edited by: "anthony69" 3rd Dec 2013

Good ongoing deal.

Applied for this last week. Balance transfered to my Barclaycard and with my fixed direct debit payments (currently double the minimum payment) I'll be credit card debt free in exactly 24 months

cue all the patronising comments on how people borrowing money has screwed up this country and CC's are the work of the devil...

CC's are work of the devil and people borrowing money has screwed up this country lol.

I KNEW someone would comment that CC's are the work of the devil and people borrowing money has screwed up this country

Are applicants getting the full b/t amount, I need to transfer about £7k.

I wonder why the cashback is not available to those in Northern Ireland?

Banned

mittromney

Are applicants getting the full b/t amount, I need to transfer about £7k.

I highly doubt this cc will allow you to transfer 7k. you may need 2 cc's

mittromney

Are applicants getting the full b/t amount, I need to transfer about £7k.



I took out this card about 3 months ago used it to balance transfer 3 cards 6k in total and was given 10k limit straight away.
Edited by: "ultra" 3rd Dec 2013

Be careful with lloyds credit card I transfered balance on 0% for 15 months to them then made a purchase they started whacking the interest on when I phoned to ask why they said it was only 0% if didnt make any other purchases

Can you bt an overdraft with this card?

Be careful when applying for this. Applied a couple of weeks ago on this deal using an iPad and it led to the application getting stuck. Phoned them up and they were unable to process it over the phone and unable to cancel it - so I then have to wait 30 days to apply again!

Can you bt an overdraft with this card?

Banned

That's the remaining £3k if my debt transfered. Down from 10k last year, I'll be 'clean' within 12 months woop

ultra

I took out this card about 3 months ago used it to balance transfer 3 … I took out this card about 3 months ago used it to balance transfer 3 cards 6k in total and was given 10k limit straight away.



you sir, must have damn fine credit oO

Application successful Thx

babydoo22

Be careful with lloyds credit card I transfered balance on 0% for 15 … Be careful with lloyds credit card I transfered balance on 0% for 15 months to them then made a purchase they started whacking the interest on when I phoned to ask why they said it was only 0% if didnt make any other purchases



That's absolutely normal and you would have been warned about this when you applied - 0% applies to balance transfers only, and new purchases are - obviously - not part of a balance transfer. Also, in most cases, you will pay off the new purchases last meaning if you transfer £2,000 and make a new purchase of £500, you will pay interest on the £500 until the entire balance is cleared.

babydoo22

Be careful with lloyds credit card I transfered balance on 0% for 15 … Be careful with lloyds credit card I transfered balance on 0% for 15 months to them then made a purchase they started whacking the interest on when I phoned to ask why they said it was only 0% if didnt make any other purchases



This is why certain people shouldn't be allowed CC's, when they cant even understand the simplest of T&Cs

u certainly look like Lloyd employee

sirmaggie

This is why certain people shouldn't be allowed CC's, when they cant even … This is why certain people shouldn't be allowed CC's, when they cant even understand the simplest of T&Cs

tats rude ...do u work for thm

This is why certain people shouldn't be allowed CC's, when they cant even understand the simplest of T&Cs[/quote]tats rude ...do u work for thm[/quote]

No I don't, but I can write a sentence without using 'txt speak'

I spy someone else that shouldn't be allowed credit!!!

And maybe children.......

nelifex

That's absolutely normal and you would have been warned about this when … That's absolutely normal and you would have been warned about this when you applied - 0% applies to balance transfers only, and new purchases are - obviously - not part of a balance transfer. Also, in most cases, you will pay off the new purchases last meaning if you transfer £2,000 and make a new purchase of £500, you will pay interest on the £500 until the entire balance is cleared.


I don't believe that's the case, see here

Original Poster

nelifex

That's absolutely normal and you would have been warned about this when … That's absolutely normal and you would have been warned about this when you applied - 0% applies to balance transfers only, and new purchases are - obviously - not part of a balance transfer. Also, in most cases, you will pay off the new purchases last meaning if you transfer £2,000 and make a new purchase of £500, you will pay interest on the £500 until the entire balance is cleared.


I think, on the above example, you will pay interest on the £500 until you pay back that £500 (not the entire balance). However, the small prints are tricky and so generally i don't purchase on balance transfer cards (except during the initial few months purchase offer some cards offer) just to make it clear and tidy.
Edited by: "sun4all" 4th Dec 2013

seems like the cheapest way to go and load up on gold and pay it off for 24 months! heat added.

easy and quick application. Now waiting on my £25 cashback
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