Are you having problems looking for the perfect credit card? We don’t blame you. There are so many options around the internet, which is why we are here to really tell you how good the card is going to be for you. Well, of course we don’t know your situation, but from the benefits it is very good. 

Today we are talking about the Bank of Scotland Platinum Credit Card. With this credit card, you are going to find a lot of things. For an example, it has very few benefits, but the ones that it has are going to be very specific for specific situations. 

Also, if you are someone that does a lot of purchases with credit cards, then this is going to be the credit card for you. We don’t want to spoil anything, so if you really are interested in learning more about the card and how it works, keep reading. 

Why we recommend the Bank of Scotland Platinum Credit Card 

We recommend this credit card for a huge number of reasons, but basically we are going to mention this the more specific ones. This is a credit card that does not have any fees. Basically it will have after some time, but initially you will probably will have zero fees on everything. 

For those who don’t know, there is really a huge benefit because you have no fees in balance transfer, you have no fees in purchases, no annual fee, no interest is just amazing. This card also helps you to reduce existing card debt, which is pretty good for a card that is not made for that. 

What can I use the credit card for? 

And to use this are basically based on the things we said above, having no interest in fees. The card is going to be perfect for any single purchase that you’ve made, be it big purchases, small or even if you want to just have your credit card around. 

Even more, it has a small benefit of helping you with the steps since it has almost two years of no interest. That way, you can focus on reducing your debts and make your credit score even higher than before. 

Credit card advantages 

There are so many benefits when applying for a credit card, which is why we are here to tell you everything that you need to know. Well, there is a list with all the benefits just down below and if you are really interested in applying for the card, we recommend you that you read it. 

• Almost 2 years of 0% interest to focus on reducing existing card debt 
• Six months to spread the cost of purchases 
• No annual fee 
• Balance transfer fee benefits (1.99% for 3 months, reverting to 5%) 
• Balance transfer of 0% for 22 months, reverting to 24.94% 
• Purchases with 0% interest for 6 months, reverting to 24.94% 

Credit card disadvantages 

And just like it has at least of the benefits, you also will have at least of the disadvantages. Of course, it won’t be nearly as big as the above, but still it is important to have an idea of how different it is. 

• Must have a good score, 
• Punishing fee of 5% on cash withdrawals. 

How is credit analysis carried out in the Bank of Scotland Platinum Credit Card 

Let’s not jump to the credit analysis. What does the credit analysis tell you about a credit card? Well, every single credit card is going to have this specific topic. The thing is, not every credit card is going to use it the same way. 

There are some credit card debt give you more importance on the credit analysis and some that don’t really mind at all. This card is going to be around in between. So it is going to start when you first apply for the card, sending in specific documents to prove your identity. The company will use them to take a look at your credit history. 

With your credit history being analyzed, everything will come to the surface be it any debts that you have, credit cards, loans, anything that you have. After everything that they do, they will give you a score at the end. 

The score is basically if you took an exam and this is your final grade. So. For the higher it is, the better it is for you. And of course, the higher it is, the higher your chances of getting the card is in your limit. 

Is there a maximum and minimum credit card limit? 

The maximum and minimum are very interesting with this card because we don’t have anything. Well, it’s not like we don’t have specifically anything, but we don’t really have the information about it. We can safely assume that the company prefers to not disclose that information, since it is such a specific topic that most people will have differently. 

When the company decides that the credit limit is going to be about the credit analysis and not about themselves, they usually do not disclose it. Which is why if you are someone that wants to know it, you just need to see your credit score and if it is high, the credit limit will be high. 

Do you want to request? Learn how to get the Bank of Scotland Platinum Credit Card right here 

Truly applying for this card alone is not easy, which is why we are here to tell you everything that you need to know. Of course, if you are excited to apply, you can click down below. If you do so, you are going to the next part of the article. In the next part, we are going to teach you everything that you need to know about the application process and how you can do it.