Credit Card (UK)
Lloyds Bank Platinum Low Rate Credit Card full review
Find out more about a very low-cost card on this Lloyds Bank Platinum Low Rate Credit Card review and check if you are eligible.
Lloyds Bank Platinum Low Rate Credit Card: a low cost card for everyday deals
If you are interested in enjoying a low ongoing rate, this Lloyds Bank Platinum Low Rate Credit Card review is worth checking.
How to apply for the Lloyds Bank Platinum Low Rate
Learn how to apply for the Lloyds Bank Platinum Low Rate Credit Card and enjoy low rates and no annual fees with excellent customer service.
To sum up, this card has no annual or monthly fees, and the ongoing rate is pretty low.
Credit Score | Not disclosed |
APR | 10.94% |
Annual Fee | £0 |
Fees | Minimum monthly payment: £5 or 2.5% of the total amount of interest, default charges and fees plus 1% of the outstanding balance; Balance transfer fee: 5%; Foreign transaction fee (EU): 2.95%; Foreign transaction fee (other countries): 2.95%; Late payment fee: £12; Cash advance fee: 5% (minimum – £0) |
Welcome bonus | None |
Rewards | None |
Although the card doesn’t feature a welcome bonus or rewards, you may find it useful if you are searching to build stable finances.
How does the Lloyds Bank Platinum Low Rate Credit Card work?
Lloyds Bank offers a wide range of credit cards designed for different purposes.
The offerings are online, and the bank gathers cards for those looking for everyday spending credit cards, balance transfer cards, and large purchase credit cards.
One of these credit cards is the Platinum Low Rate, a very cheap card for those who are searching for low rates.
Even though it doesn’t offer a welcome bonus or rewards, it comes with a low and variable ongoing rate of 10.9%.
On the other hand, if you are looking for a card with an APR of 0%, this Platinum might not be worthwhile for you. However, this card doesn’t charge any of the following fees:
- Annual or monthly;
- Replacement card;
- Additional card;
- Duplicate statement;
- Exceeding limit;
- Inactivity.
Indeed, a very cheap card, but with a good package of benefits that includes excellent customer service, versatility, and protection.
Additionally, applicants can check eligibility with no impact on their credit scores.
Thus, as can be seen on this Lloyds Bank Platinum Low Rate Credit Card review, this card can be a fantastic tool for those who seek to minimize costs with low rates and no annual fees.
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Lloyds Bank Platinum Low Rate Credit Card benefits
Certainly, this Platinum Mastercard is suitable if you are after low rates and low fees. However, it may not be the best if you want rewards, bonuses, and 0% intro APR on purchases and balance transfers.
Pros
- The card comes with a low ongoing and variable rate;
- It offers prequalification with no impact on your credit card;
- It provides excellent customer service;
- There are no annual or monthly fees.
Cons
- There are no rewards and no welcome bonuses.
How good does your credit score need to be?
Unfortunately, this information is not disclosed. But you can check your eligibility with no impact on your credit score.
How to apply for a Lloyds Bank Platinum Low Rate Credit Card?
As shown on this Lloyds Bank Platinum Low Rate Credit Card review, this Platinum is a good choice for those looking for versatility and affordability.
Now, learn how to apply for it!
How to apply for the Lloyds Bank Platinum Low Rate
Learn how to apply for the Lloyds Bank Platinum Low Rate Credit Card and enjoy low rates and no annual fees with excellent customer service.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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