Are you on the hunt for a low fee credit card you can transfer your current balance to that’s easy to manage and accepted worldwide? Look no further because your search has come to an end.
The Lloyds Bank Low Fee Balance Transfer Credit Card is here to offer lower fees than you’re currently paying and a smooth balance transfer process. Let’s dig in and find out about the features and benefits that come with this credit card and how you can apply today.
Features and Benefits of the Lloyds Bank Low Fee Balance Transfer Credit Card
Once you receive your Lloyds Bank Low Fee Balance Transfer Credit Card, the bank assures you’ll get the lowest offers all the way through your credit card journey. If you’re tired of paying high fees on your other credit cards, then this is the perfect card for you.
So what exactly does “low fee” mean? Well, to start, you can forget about annual membership fees. Second, you’ll pay zero interest for 24 months on balance transfers made within the first 90 days after you have opened and activated your credit card.
Furthermore, this credit is accepted wherever you see a Mastercard® sign spread all over its 43 million locations worldwide.
Eligibility and how you can apply for a Lloyds Bank Low Fee Balance Transfer Credit Card
If you are eligible, it is pretty straightforward and easy to apply for this credit card. To be eligible you must be at least 18 years old at the time of application and a UK citizen with a regular income. You must also be free from any County Court Judgements or bankruptcy, and not subject to an Individual Voluntary Agreement.
If you tick these boxes, then you can get started right away online. Simply visit the Lloyds Bank website and fill out the online credit card application form with your personal details and employment information. If your application is successful, the bank will determine your credit limit based on your credit rating and gross income.
It is good to note that if you don’t qualify for the Low Fee Balance Transfer Credit Card, you may still be eligible for the Classic credit card.
Lloyds Bank Low Fee balance transfer Credit Card Fees and Charges
- 0% introductory APR on balance transfers (for the first fifteen months)
- 1.527% or 19.94% variable APR based on your creditworthiness
- £12 late payment penalty fee
- $10 or 5% cash advance fee, whichever is higher
- £3 or 3% transaction fee
- £12 over limit charge
- $0 annual fee
Note that you will be asked to pay 3% on each balance that you transfer, however, Lloyds bank will refund 1.5% of this fee, as long as your account remains open for the first 90 days.
If you are looking for a reliable credit card that offers low fees and interest on balance transfers, the Lloyds Bank Low Fee Balance Transfer Credit Card should be your number one choice. Visit the Lloyds Bank website and apply today to begin saving money on your credit card balance.