Lloyds Banking Group: BT & New Purchases.

HillStreetBlues

Looks like good news for those who have a BT from 26 June 2026 you will be able to also use it for purchase.

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Used the correct way then the actual BT amount won't keep decreasing if matching the min payment with a purchase.

kaMelo

Whilst possible I would never recommend anyone mixes purchases on a balance transfer card. If you're carrying a large balance a small mistake can end up costing an awful lot more than any benefit gained.

Much easier to keep purchases and balance transfers on separate cards to avoid any such mistakes.

retiredbanker1

Indeed - and you could have more than one card from the Lloyds family if you wanted to keep it all under one roof as it were.

HillStreetBlues

https://forums.moneysavingexpert.com/discussion/comment/81968490#Comment_81968490

Depends on how a person manages their finances. If coming from a position of not being able to fully manage then best to keep them separate. If coming from a position of fully able to manage and are looking to earn every bit of interest possible then using the new rules would be profitable.

redux

This has already been happening. I noticed 2 or 3 months ago on both Halifax and Lloyds, but haven't quite fine tuned it, as I did pay interest on one card one month. I think that may be because one of the subsequent balance transfers on Halifax is incurring 4.9% on about £250

And besides that, it isn't necessarily harmful to have modest spending, as it can keep the benefit of the full balance transfer to the end

Example: £2500 credit limit with Lloyds, balance transfer available £2325. Minimum payment 2.5%. A bit before statement date, spend up to £55 or £60, then pay back £60 on that statement

In the past doing this just before and paying just after statement date would incur a few pence of interest. Now no interest. Virgin has been like this for some time, now these are, and maybe there are others.