A couple of readers have been in touch about a targeted balance transfer offer they have been given by Lloyds Bank on their Lloyds Avios Duo credit card.
This card is no longer available to new applicants unfortunately.
These were the terms:
1,500 Avios per £1,000 balance transfer made
0% balance transfer free
4.9% APR on the balance transferred
If you have this on your card, you shouldn’t need me to point out that making a transfer from another card – which you immediately repay – will result in some virtually free Avios.
Be 100% certain that your offer has a 0% balance transfer fee and not the usual 3% fee, because if it doesn’t they will be very expensive Avios ….
(Want to earn more miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)