Lloyds Bank has unveiled a fresh credit card that allows customers to earn cashback each time they make a purchase.
Lloys Bank
The newly launched credit card from Lloyds Bank enables cardholders to earn 0.25% cashback on annual spending up to £4,000 and 0.5% above that amount, without any maximum limit on potential earnings. Moreover, there’s an enticing £20 bonus up for grabs if cardholders spend £1,000 within the first 90 days.
Any cashback accrued during the year, including the initial £20 bonus, will be automatically credited to the cardholder’s account the following January, effectively reducing their balance.
Notably, the Cashback credit card doesn’t involve any monthly or annual membership fees. However, it does come with a representative APR of 19.9%, making it crucial for users to clear their balance in full every month.
Lloys Bank Credit Card
Lloyds Bank offers a range of credit cards to suit various needs, including options for balance transfers, everyday spending, large purchases, and cashback rewards.
Having been a prominent player in the British banking industry for over 250 years, Lloyds Bank is a well-established and trusted household brand.
Eligibility for a Lloyds credit card requires meeting certain criteria, such as being 18 years or older, employed with a regular income, and a UK resident. Applicants should also not have been rejected for a Lloyds credit card within the last 30 days, declared bankrupt, or subjected to an individual voluntary agreement or county court judgments.
To increase the chances of acceptance and avoid negative impacts on their credit score, potential applicants can use Lloyds’ smart search tool to see which credit cards are more likely to be approved for them.
Earn Up to 0.5% Cashback and a £20 Introductory Bonus
The new Lloyds Bank credit card offers 0.25% cashback on up to £4,000 of annual spending and a generous 0.5% cashback on amounts above that, with no earning cap. Additionally, users can enjoy a £20 bonus by spending £1,000 within the first 90 days.
Lloyds Bank has been a steadfast companion for households, businesses, and communities in Britain for more than two and a half centuries, supporting customers in their life’s journey.
As one of the largest banks in the UK, Lloyds Bank is likely to offer a credit card that meets individual needs, whether it’s for balance transfers, 0% interest on new purchases, rewards, or low rates.
The credit cards are part of the MasterCard network, enabling users to make payments at over 24 million outlets worldwide.
Automatic Cashback Redemption
All cashback earned, including the £20 introductory bonus, will be automatically credited to the cardholder’s account the following January, effectively reducing their balance.
Benefits of a Lloyds credit card include rewards and cashback on everyday purchases, which can be redeemed for travel rewards or cash-back. Some cards come with annual fees and spending requirements, so potential applicants should consider these factors before applying.
No Membership Fees, but Be Mindful of the APR
The Cashback credit card doesn’t come with any monthly or annual membership fees, making it even more appealing. However, users should be aware of the 19.9% representative APR and strive to clear their balance in full each month.
Variety of Credit Card Options
Lloyds Bank offers a range of credit card options, including those for balance transfers, everyday spending, large purchases, and cashback rewards.
A Trusted Household Brand for Over 250 Years
With a history spanning over two and a half centuries, Lloyds Bank has earned the trust of households across Britain.
Eligibility Criteria and Smart Search Tool
To apply for a Lloyds credit card, individuals must meet specific criteria, such as being 18 or older, employed with a regular income, and a UK resident. The bank’s smart search tool helps applicants find the most suitable credit card options and avoid potential rejections that could negatively impact their credit score.
Protecting Your Purchases with Section 75
The Lloyds Bank Platinum 0% Purchase and Balance Transfer card provides protection under section 75 of the Consumer Credit Act for purchases costing over £100 up to £30,000.
Enjoying a Host of Benefits
Lloyds credit cardholders can reap numerous benefits, including rewards and cashback on everyday purchases, mobile payment technology, and online/mobile banking convenience.
Accepted Worldwide with MasterCard
As part of the MasterCard family, Lloyds Bank credit cards can be used at over 24 million outlets worldwide.
Security with ClickSafe
Lloyds Bank offers ClickSafe, a free service that safeguards cardholders against fraud and ensures secure online shopping experiences.
Find the Perfect Lloyds Credit Card for You
With a diverse range of credit card options, Lloyds Bank is sure to have a card that matches your unique needs and preferences.
Lloyds credit cards also support mobile payment technology, allowing users to link their cards with Apple Pay or Android Pay for convenient and quick purchases wherever these payment options are accepted.
Additionally, Lloyds offers modern online and mobile banking platforms, enabling customers to view their credit card balance, transactions, and account activity from any internet-connected device. The bank also provides mobile banking, allowing users to manage their accounts through their phones or tablets, conduct transactions in branches, and receive text alerts.
With the worldwide acceptance of Mastercard, Lloyds Bank credit cards can be used for purchases in countries across the globe.
For added security, Lloyds Bank offers ClickSafe, a free service designed to protect cardholders from fraud and ensure that they are the only authorized users of their cards, providing peace of mind when shopping online.
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