4 Advantages of the 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 balance transfers and purchases made using the card.

This card also has a range of attractive features for making banking simple, secure, and hassle-free. This is truly a great card, especially for those who often carry a balance on the account.


Interested in how you can qualify for this card? Continue reading to find out about the offers, application process, and more. In this article, we will discuss everything you need to know about the Lloyds Bank 0% Purchase and Balance Transfer Credit Card.

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Why this Is a Great 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.


Great Introductory Interest Offer

The selling point of this card is the 0% interest for up to 20 months after 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% (variable) will apply after this period. Applicants who don’t qualify for the promotion will also observe the 19.94% rate in any event.

Backed by Mastercard

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 of up to 25%. Carrying this card on trips overseas makes it easier to pay for different transactions, be it dining, shopping, or entertainment.

No Annual Fee

Cardholders also get to enjoy the perk of having zero annual fees with this credit card! While many credit cards charge users a yearly fee just for using the card, the Lloyds Bank 0% Purchase and Balance Transfer Credit Card does not. That’s one less fee to worry about.

Convenience Is Premier

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 to help you keep better track of your spending.

In addition, you can use the Lloyds Bank 0% Purchase and Balance Transfer Credit Card to make contactless payments. With this feature, paying with this card is a breeze and will allow you to move on with your day faster.

Fees to Consider

  • No annual fee
  • APR: Representative 19.9% APR (variable)
  • Purchases: 19.94% p.a.
  • Balance transfers: 19.94% p.a.
  • Non-Sterling transaction fee: 2.95% of the amount of the sterling transaction value.
  • Cash transaction fee: 3% or minimum £3
  • Late payment fee: £12
  • Over limit fee: £12

How You Can Apply Today

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. Having a good credit rating and minimizing your outstanding debt will also help your chances of approval.

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.

Upon completing the application, 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.

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How to Contact the Bank

If you would like to reach out to the bank with more questions about this offer, you can contact them at 0345 300 0000. We have also listed Lloyds Bank’s mailing address here: The Mound, Edinburgh EH1 1YZ.


You can 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.

If you are not ready to decide if the Lloyds Bank 0% Purchase and Balance Transfer Credit Card the one for you, check out another Lloyds Bank offer. There are many options for low-rate credit cards out there, so you don’t have to decide just yet!

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.