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Lloyds Bank provides purchasing power with its longest ever 0% purchase card

18th September 2014 Print

Lloyds Bank has launched its longest ever interest free purchase card. The card is designed to help support purchases, be it day-to-day or for one-off items, with repayments spread interest free over 19 months. 

The new Lloyds Bank card offers:

Purchases: 19 months interest-free on new purchases reverting to a subsequent rate of 18.9% thereafter – one of the longest in the market

Balance transfers: 0% interest rate lasting 6 months. This carries an effective 1.0% fee on balances transferred within the first 90 days

As a result someone buying a new fridge-freezer at around £300, for example, could make monthly payments of as little as £16 a month over the interest free period of the card to clear the balance at no extra cost..

The card is launched to complement Lloyds Bank’s new range of balance transfer credit cards, launched last month.

Mark Powys, Lloyds Bank Credit Cards, said: “Our longest ever 0% purchase card helps people spread the cost of the things they buy over 19 months – without paying any interest.  This latest change strengthens the range of credit card options we offer to help customers manage their money.”