LloydsTSB CC APR?

TwinMummy

Hi, I hope someone can help me! I have a LloydsTSB credit card and the interest on it seems quite high each month. Ive looked on my bills and on the LloydsTSB website but I cant find what the APR is. Im totally clueless about things like this but what I have found is monthly percentages... 1.632% for purchases and 2.075% for cash. Can someone tell me what the APR is? Its a Classic Credit Card.

Also, I was looking to do a balance transfer onto a card with 0%, however my hubby would have to put the new card into his name as I am not working at the moment (stay at home mum). What happens if we transfer the balance onto a 0% card but when the time comes get refused for a new 0% card? Hubbys credit rating isnt great so is it likely to happen? If so perhaps we would be better off applying for a 'low life of balance' card rather than numerous 0% cards?!

Im so confoosed!!! I hope this has made some sense to someone!

Thomas_Crown

www.lloydstsb.com

Click on to 'Credit Cards' & then select 'Apply' & the LTSB Platinum Card has an APR of 16.9%.

TwinMummy

Is the Platinum card the same as the Classic card with just a new name?! Sorry to be a pain, Ive had the card for about 10 years and its always been called a classic on my bills.

mrmajika

LTSB credit cards operate a price for risk policy which means that the card can be anything up to 30% APR.

Based on the 1.632% monthly figure you quote, it seems the card is currently on 19.9% APR.

Hope This Helps/