How to Get a Lloyds Bank 0% Purchase and Balance Transfer Credit Card

Are you looking for a credit card with a longer interest-free period for purchases and balance transfers? With the Lloyds Bank 0% Purchase and Balance Transfer Credit Card, you can get up to 20 months of zero interest on purchases made using the card and balance transfers.

It also has a range of attractive features for making banking simple, secure, and hassle-free.

Interested in how you can qualify for this card? Read on to find out about the application process and more.

How to Get a Lloyds Bank 0% Purchase and Balance transfer Credit Card

Benefits and Features of a Lloyds Bank 0% Purchase and Balance Transfer Credit Card

Lloyds Bank offers valuable credit cards suited for individuals with distinct needs. There is a card made to collect rewards for travel, shopping, and even clearing debt from another credit card. In this article, we are going to explore what’s in store for cardholders of the Lloyds Bank 0% Purchase and Balance Transfer Credit Card.

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The selling point of this card is the 0% interest for up to 20 months of opening the account. This gives a little breather for cardholders who need to clear off debt from a different card. Note that this promotion is only for a limited time of just under 2 years; therefore, a normal rate of 19.94% will apply after this period. Applicants who don’t qualify for the promotion will also observe the 19.94% rate in any event.

Another reason to order the Lloyds Bank 0% Purchase and Balance Transfer Credit Card is the Mastercard network for worldwide acceptance. Cardholders can also enjoy a myriad of perks and merchant discounts for up to 25 per cent. Carrying this card on trips overseas makes it easier to pay for different transactions, be it dining, shopping, or entertainment.

You also get to enjoy the perk of having zero annual fees with this credit card! That’s one less fee to worry about.

To track your balance and transactions, Lloyds Bank also offers online banking to customers. Activate online banking by registering an account. There will also be the option of Mobile banking, telephone banking, and free text alerts provided.

Eligibility and How to Apply for a Lloyds Bank 0% Purchase and Balance Transfer Credit Card

To successfully get this card, you need to be at least 18 years old, a resident of the UK, a regular income earner, and free from any County Court Judgements and bankruptcy filings.

Applications for this credit card can be made online, through a branch, and by phone. Head to the Lloyds Bank website to know more! Personal information, such as previous and current addresses will be asked for, as well as your employment status. You can receive a decision in as little as 5 minutes!

If successful in your application, you will be assigned a credit limit and given a decision of whether you qualify for the 0% interest promotion. For the credit limit, note that Lloyds Bank provides an amount aligned to your financial circumstance and ability to pack back. The assumed credit limit is £1,200.

Lloyds Bank 0% Purchase and Balance Transfer Credit Card Fees & Charges

  • Annual Fee – £0
  • APR on Purchases and Balance Transfers – 0% for 20 months, Representative 19.9% after the promotional period
  • Balance Transfer Fee – 3%
  • Cash Advance Fee – 3% or minimum £3
  • Non-Sterling Transaction Fee – 2.95% of the amount of the sterling transaction value
  • Foreign Cash Transaction Fee – 3% or minimum £3
  • Late Payment Fee – £12

Lloyds Bank’s Address & Contact Details

Address: 25 Gresham Street,  London EC2V 7HN.

To get in touch with Lloyds Bank, call 0345 606 2172 ( or +44 1702 278 272 from outside the UK).

Conclusion

Apply for the Lloyds Bank 0% Purchase and Balance Transfer Credit Card to enjoy zero interest on purchases and balance transfers for 20 months. Alongside this promotion, cardholders can also use this card outside the United Kingdom thanks to the accessible Mastercard network. Check out the website of Lloyds Bank to find out more about this credit card.

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.

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