Lloyds TSB Advance Card

sjf20

Hi,

I have a Lloyds TSB Advance card which is currently interest free until mid december, I have read the T&C's about 20 times now and cannot find out how interest will be charged. Will it be charged from the account opening or just on purchases that have been made from mid december, Planning on clearing it off when it does end anyway but i'm worried about purchases I may make in future

Thanks

Sean

YorkshireBoy

I'm running the same card (until January 2013).

Interest will accrue on any remaining balance from the day after the 0% end date, no matter when you made/make the transaction(s).

sjf20

Thanks for that

YorkshireBoy

You do know it's a poor card to keep going forwards though don't you?...being as it doesn't have any interest free period on purchases (ie "up to 56 days") like most cards do.

For that reason mine will be closed as soon as I've cleared the balance (a few days before the 0% end date).

sjf20

Yeah thats one thing I noticed, think I may go for a Barclaycard after this one, this was my first ever credit card but my Barclays online banking always shows up a card or 2 in the pre-approved (Rather pre-selected not pre-approved) offers page.

horsehorse

Very sadly, I just read this. I have used TSB Advance MasterCard® Credit Card, and I just notice I have been charged interest though I repaid the bill in full every month. Maybe it is time to close it now.