Tired of using credit cards that come with hefty fees and high-interest rates?

Well, you may want to consider changing to something more simple and reliable that doesn’t rob you of benefits at the same time. A Lloyds Bank Platinum Credit Card is exactly this.

With zero annual fees and great promotional offers, the Lloyds Bank Platinum credit card range offers premium services without the high costs. Read on to find out more about the features and benefits of the Lloyds Bank Platinum Credit Cards and how you can apply today.

Lloyds Bank Platinum Credit Card

Benefits and Features of a Lloyds Bank Platinum Credit Card

For simplicity, let’s take a look at one of Lloyds Banks’ most popular platinum credit cards, the 0% Purchase and Balance Transfer card, which is powered by Mastercard.

For those who hate fees, this is good news for you. With the Lloyds Bank Platinum 0% Purchase and Balance Transfer credit card comes zero annual fees, leaving you with some extra change to take care of other more important needs.

In terms of interest, Lloyds Bank offers a handy 0% interest rate on balance transfers and purchases for up to 20 months. So if you have some larger expenses coming up, this would be the credit card to use.

If you prefer to use a credit card over cash when you travel, you can rest assured that this card is accepted in over 43 million locations worldwide, wherever you see the Mastercard® sign.

If you need emergency cash, there is an option to withdraw cash (cash advance) at any ATM your card is accepted, but this does come with an extra fee and higher interest rate.

Finally, for your convenience, you can manage your credit card 100% online through the Lloyds Bank mobile internet banking app.

Eligibility and How to Apply for a Lloyds Bank Platinum Credit Card

If you are eligible, applying for a Lloyds Bank Platinum credit card is relatively straightforward. For the 0% Purchase and Balance Transfer card you must be at least 18 years old, a UK citizen with a regular income and you must be free from any county court verdicts or bankruptcy.

If you tick these boxes, the best way to apply for the credit card is online via the Lloyds Bank website. Simply fill out the online application form with your details and supporting documents and the bank will inform you of the outcome.

If successful, Lloyds Bank will determine your credit limit based on a number of factors, including your credit rating, income and current expenses. Most successful applicants receive a credit limit of £1,200 to begin with.

If unsuccessful, the bank may offer you their Classic credit card to get started, however, this does come with higher interest rates.

Lloyds Bank Platinum Credit Card Fees & Charges

When you choose this card, you will get 0% interest on balance transfers, 3% balance transfer fee, and you will pay 0% interest on purchases you make in the first 20 months of your account opening.

Most successful applicants will get a variable annual purchase rate of 19.94% and a variable representative of 19.9% APR based on borrowing £1,200 over 12 months, with an annual fee of £0.

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 if you’re dialing from outside the UK).

Conclusion

If you have been searching for a reliable, low-fuss credit card without the high fees other platinum cards tend to come with, get a hold of a Lloyds Bank Platinum Credit Card. Visit the Lloyds Bank website and apply today to begin enjoying the features and benefits of 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.