Lloyds Bank Platinum Low Rate Credit Card 

In a world where many credit cards lure customers with flashy introductory deals and short-term perks.

The Lloyds Bank Platinum Low Rate Credit Card takes a steadier approach. Instead of focusing on gimmicks, it offers long-term value with one of the lowest ongoing interest rates from a major UK high street bank — a representative 10.9% APR (variable) on both purchases and balance transfers.

This makes it a great fit for anyone who prefers stability over promotional rates that vanish after a few months. Whether you want to consolidate existing balances or spread the cost of a large purchase without worrying about soaring interest charges, this card offers predictable costs month after month.

How It Works

• Purchases – Interest is charged at just 10.94% p.a. (variable), with up to 56 days interest-free if you clear your balance in full each month.
• Balance Transfers – No transfer fee if completed within the first 90 days. After that, the same low interest rate applies.
• Annual Fee – £0, so you can keep the card for as long as you like without extra cost.
• Rewards – None. This card is designed for affordability, not points or cashback.

Its straightforward pricing structure means there are no surprises. You won’t need to keep track of short-term deals or brace yourself for a sudden interest hike after a promotional period ends.

Who Will Benefit Most?

• Debt Consolidators – Move higher-interest balances here to cut monthly interest costs.
• Steady Spenders – If you carry a small balance regularly, the low APR keeps charges manageable.
• Budget Planners – A solid choice for funding predictable expenses without unpredictable rates.

How It Stacks Up

Feature / Card	Lloyds Bank Platinum Low Rate	Halifax Low Fee Gold	Barclaycard Platinum Purchase
APR (Purchases)	10.9% variable	9.9% variable	24.9% variable after promo
Balance Transfer Fee	0% (first 90 days)	3%	2.99%
Annual Fee	£0	£0	£0
Rewards/Cashback	None	None	None
Max Interest-Free Period	56 days	56 days	Up to 24 months (promo only)

Rates correct at time of writing — check the latest before applying.

Why It Offers Good Value

This card focuses on helping cardholders save over the long run. For example:

• A £2,000 balance on a typical card at 24.9% APR could cost about £498 in interest each year.
• On this Lloyds card at 10.9% APR, the interest would be closer to £218 — saving over £280 annually.

For anyone who doesn’t plan to pay off their balance in full each month, those savings can quickly add up.

Key Points to Remember

• Among the lowest ongoing APRs in the UK credit card market.
• No annual fee — keep it for emergencies at no cost.
• Clear and predictable — no sudden jump to high interest after a short-term offer.
• Great for consolidating debt or financing planned expenses.

If you value steady, low rates over chasing limited-time offers, the Lloyds Bank Platinum Low Rate Credit Card could be the dependable solution you’ve been searching for. It’s designed for people who want financial predictability and the freedom to manage debt on their own terms.