We have a premier current account with a monthly charge of £28 currently, I'm struggling to see the difference between it and the Lloyds Platinum which seems to offer the same benefits for £21 a month. I'd go in the bank and ask but I wondered if anybody else could tell me if I'm actually getting anything of value for my extra £7 a month.
Make £2024 in 2024
Prolific to 30/6/24 £491.56, Chase Interest £37.40, Chase roundup interest £1.14, Chase CB £82.04, Roadkill £1.30, Octopus referral reward £50, Octopoints to 30/6/24 £70.22, Topcashback £82.04, Shopmium referral £3, Iceland bonus £2, Ipsos survey £20
Total £840.70/£2024 41.5%
Premier has £500 interest free overdraft, has top of the range motor breakdown policy, the travel insurance covers you for 61 days and has Home emergency, credit identity monitoring, mobile phone insurance.
You can find this out for yourself by logging into their website and look for accounts no longer offered for sale.
You can of course downgrade to Platinum if you want but take care - once its done it cannot be reversed back again.
Thanks for this, I just couldn't see the difference between the two! Don't need the overdraft so that's no benefit, will take a view.
Make £2024 in 2024
Prolific to 30/6/24 £491.56, Chase Interest £37.40, Chase roundup interest £1.14, Chase CB £82.04, Roadkill £1.30, Octopus referral reward £50, Octopoints to 30/6/24 £70.22, Topcashback £82.04, Shopmium referral £3, Iceland bonus £2, Ipsos survey £20
Total £840.70/£2024 41.5%
We have a premier current account with a monthly charge of £28 currently, I'm struggling to see the difference between it and the Lloyds Platinum which seems to offer the same benefits for £21 a month. I'd go in the bank and ask but I wondered if anybody else could tell me if I'm actually getting anything of value for my extra £7 a month.
The main difference is that the Premier account also includes Home Emergency cover which the Platinum one doesn't. I downgraded my account just last month - I made the same enquiry as you on the phone to Lloyds so got this from the agent at the time.
Teekay40 Posts: 1 Newbie
Premier has £500 interest free overdraft, has top of the range motor breakdown policy, the travel insurance covers you for 61 days and has Home emergency, credit identity monitoring, mobile phone insurance.
You can find this out for yourself by logging into their website and look for accounts no longer offered for sale.
You can of course downgrade to Platinum if you want but take care - once its done it cannot be reversed back again.
Hi - the free overdraft facility was cut by 50% to £250 quite some time ago (it was reinstated to £500 temporarily during the early months of Covid to help customers, but is now back at £250). It's no coincidence that they reduced it at the same time they introduced new daily overdraft fees instead of a flat monthly rate! However, they didn't reduce the account fee to recognise that this 'benefit' was now vastly reduced. I don't use the facility personally, but a 50% reduction in the interest free amount after years of being £500 is appalling.
