Do you want to know the features and perks of ordering a credit card from one of the UK’s leading banks? With this credit card guide, you can determine which Lloyds Bank credit card to select for your specific needs.
Lloyds Bank offers six Mastercard-powered credit card types with unique features catering to specific customers. Whether you’re a new applicant looking for cash back and bonuses or you are looking for an upgrade, the lender has a card type that’s right for you.
Read on to learn how to apply for a Lloyds Bank credit card and know more about them.
Benefits & Features of a Lloyds Bank Credit Card
Lloyds Bank credit cards are strategically branded so that you can easily choose what is best for you. The bank offers the following card types: 0% Purchase and Balance Transfer, Low Rate, Low Fee 0% Balance Transfer, Longest 0% Balance Transfer, and No Fee 0% Balance Transfer. These cards are designed primarily for customers who want to enjoy low interest and those who want to get freed of their credit card debt faster.
One of the Lloyds Bank credit card features is that there are relatively low interest rates. You can choose the 0% Purchase and Balance Transfer Card or the Low Rate Credit Card for low-interest rates for purchasing. If you want low-interest rates for a balance transfer, you can choose Low Fee 0% Balance Transfer, Longest 0% Balance Transfer, or No Fee 0% Balance Transfer types.
Another Lloyds Bank credit card benefit is that they have great safety features. Since they are all powered by Mastercard, you can use these cards anywhere in the world. And with the advanced security features of Mastercard (and Visa), such as EMV chips, you can spend with fewer worries about fraud.
Although these cards have no exclusive rewards or cash back packages, Lloyds Bank compensates their credit cards’ lack of rewards features with low charges, including no annual fee for all types.
Lloyds Bank Credit Card Offers
As of this writing, Lloyds Bank credit cards do not have special promotions for their customers. The bank concentrates on giving their customers competitive interest rates for both purchases and balance transfers.
These cards also don’t have rewards or cash back promos, unlike most Mastercard or Visa credit cards. But, they do have long interest-free periods ranging from 3 to 28 months for purchases and balance transfers.
Lloyds Bank Credit Card Balance Transfer
You can save on credit card interest by transferring the balance of your current credit card to your new Lloyds Bank credit card and pay only a standard low interest rate of 19.94% annually. With Lloyds Bank balance transfer credit cards, you can enjoy interest-free periods on purchases in the first 3 months for the Longest 0% Balance Transfer Card, 6 months for No Fee 0% Balance Transfer Card, 12 months for the Low Fee 0% Balance Transfer Card, and 20 months for the 0% Purchase and Balance Transfer Card.
Additionally, you can enjoy interest-free periods on balance transfers in the first 20 months for the 0% Purchase and Balance Transfer Card, 24 months for the Low Fee 0% Balance Transfer Card, 28 Months for the Longest 0% Balance Transfer Card, and 20 months for the No Fee 0% Balance Transfer Card.
Lloyds Bank Credit Card Eligibility
To comply with Lloyds Bank credit card eligibility requirements, you should fulfill the following requirements: you should be 18 years and above, a UK resident, and an earner of a regular income. You must also be free from any County Court Judgements and not currently bankrupt. You should also make sure you are not subject to an Individual Voluntary Agreement.
The bank also requires applicants to present these supporting documents: bank account number and sort code, proof of identification showing your home address over the past three years, email address, phone number, and proof of income (such as payslips). It should around 5 minutes to check your eligibility online.
Lloyds Bank Credit Card Application
You can apply for a Lloyds Bank credit card either online or in a branch. If you want to apply online, visit the Lloyds Bank website and use the Eligibility Checker.
If you have difficulty using the internet, you can visit a Lloyds Bank branch or call a bank representative and ask how to apply.
Lloyds Bank Credit Card Activation
Lloyds Bank credit card processing time is approximately seven days. This means that once approved, you can expect your card will arrive in seven working days and your PIN within five working days.
You can activate a Lloyds Bank credit card by logging on to the bank’s internet banking or mobile banking. The bank can also validate your card in any branch or on phone.
Lloyds Bank Credit Card Limit
Your Lloyds Bank credit card limit will depend on different factors, including your annual income, credit history, and record of expenses. You can also apply for an increase in your credit limit amount months after receiving your card.
Lloyds Bank Credit Card Interest Rate and Fees
The interest rates of Lloyds Bank Credit Cards vary depending on financial circumstances. For more detailed information, address the summary boxes for each card on the Lloyds Bank website. Take a look at some of the representative rates and fees below.
Representative interest rates (by card type)
- Low Rate – 6.4%
- Longest 0% Balance Transfer – 19.9%
- No Fee 0% Balance Transfer – 19.9%
- 0% Purchase and Balance transfer – 19.9%
- Low Fee 0% Balance Transfer – 19.9%
Balance transfer interest rate during introductory period (by card type)
- No Fee 0% Balance Transfer – 0-3%
- Low Fee 0% Balance Transfer – 1.5%.
- Low Rate – 3%
- Longest 0% Balance Transfer – 3%
- 0% Purchase and Balance transfer – 3%
- Annual fee – £0
- Cash advance fee – 3% or minimum £3
- Late payment fee – £12
- Foreign transaction fee – 3% or minimum £3
Lloyds Bank Credit Card App and Online Banking
You can download the Lloyds Bank Credit Card app for iOS and Android on the bank’s website. Downloading it is also possible through the Apple App Store and Google Play Store. You can also enroll in the bank’s online banking service.
Through the bank’s advanced mobile and online banking, you can manage your credit card accounts.
Already a Lloyds Bank Credit Card Holder? Manage Your Card Better with this Information.
Lloyds Bank Credit Card Contact Information and Customer Service
Address: 25 Gresham Street, London EC2V 7HN.
If you need Lloyds Bank’s help for accessing or managing your account, you can contact Lloyds Bank customer service online. You can also contact on phone 0345 602 1997 (+44 1733 347 007 from outside the UK).
If your card is lost or stolen, you can contact 0800 096 9779 (+44 170 227 8270 from outside the UK). If you’re making a complaint, you can contact 0800 072 3572 or complete the form online.
Lloyds Bank Credit Card Login
You can login to Lloyds Bank online banking on a PC or on a mobile phone through the Lloyds Bank app. If you still don’t have an account, you can download the Lloyds Bank app and register by entering your personal details, providing a User ID and password, and logging on and creating your memorable information.
Lloyds Credit Card Payment
Here’s a quick guide on how to pay your Lloyds Bank credit card. You can pay through your bank account through Lloyds Bank’s Internet Banking. You can also pay on the phone or by visiting a branch. The bank also accepts cheques through the mail.
If you can’t pay in full, you need to settle a Lloyds Bank credit card minimum repayment worth higher than £5 or the total of any interest, any default charges payable, and 1% of your total balance (including interest and fees), as shown in your statement. Take note that each card has an interest-free period.
How to Cancel Your Lloyds Bank Credit Card
If you want to cancel a Lloyds Bank credit card, you can contact the bank on the phone at 0345 602 1997 (+44 1733 347 007 from outside the UK). Just make sure to settle your balances to avoid hurting your credit score.
Applying for a Lloyds Bank Credit Card works best if you want to get lower interest rates and manage your credit card debt better. However, these cards don’t have rewards and cash back. Visit the Lloyds Bank website today to know more about the Lloyds Bank credit card options for you.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.