Lloyds Bank, one of the leading banks in the United Kingdom, offers some truly interesting banking services and financial products. Lloyds banking is known for aligning its services with the needs of the common people, by making them easy to use and accessible.
The bank’s credit card offerings are one of the best available and imbibe all the trademark features of Lloyds banking. Whether you are a novice to the world of credit cards or are a regular user, Lloyds Bank credit card can just be the perfect credit card solution you might have been looking for.
In this article, we take you through all the features and benefits of the Lloyds Bank credit card, associated interest rates, eligibility criteria, and more. We also tell you how you can apply online for this credit card. Let’s start!
Features of the Lloyds Credit Card
The Lloyds Bank credit card is a feature-rich card that makes managing your finances a truly seamless experience. Here are the main features of the credit card.
An Easy Way of Making Payments
The Llyods Bank credit card provides for an easy way of making payments for purchases (both online and offline), bills, EMIs, and more.
With Lloyds banking, you can make payments in a matter of seconds by swiping in your card, or entering its details at online payment gateways.
Further, using the card’s contactless payment feature, you can even save its details in your mobile phone to expedite the payment process.
Online Digital Tracking
Lloyds Bank’s credit card comes with a robust digital solution in the form of a dashboard where you can keep a tap on your credit card account.
Using this dashboard, you can track your payments, transactions, interest rates, balance, and more.
The best part is that it enables banking on the go, and brings great transparency to the entire process of credit card banking.
Protection from Fraud
Lloyds banking offers some special features to ensure the user of the credit card does not fall prey to any financial frauds.
While using the Lloyd Bank credit card, you are not liable for any financial transactions that have been identified as fraudulent or illicit.
All you have to do is to inform the bank as soon as you spot any unusual activity with your credit card or an unauthorized transaction.
Fees & Interest Rates
The bank has positioned its credit cards as ‘low rate’ credit cards. What this means essentially is that very nominal interest rates are charged on the purchases and payments made through the Lloyds Bank credit cards.
The exact rates of interest depend on the credit limit, your income rates, repayment frequency, and more, but below are some details provided by the bank’s website.
- Representative APRs between 9.9%-19.9%
- Balance transfer fees between 1.99%-5%
- £12.00 late payment charge
Checking Eligibility & Applying Online
Llyod banking offers a unique and quick way to check whether you are eligible for the credit card or not. In fact, the bank tells you whether your credit card application is likely to be accepted or not so that you are saved from the unnecessary obligation and hassle of applying for the card.
You can check your eligibility for the Lloyds Bank credit card by visiting the bank’s official website. All you have to do is to answer a few quick questions. You’ll get an instant decision on whether to go ahead or not. All it takes is 5 minutes!
However, there are a few basic eligibility criteria that you should keep in mind, regardless, to be eligible for the Lloyds banking credit card.
- You should be a citizen of the UK, and over 18 years of age.
- You should have a regular source income, and should not be unemployed or a student.
- There should not be any court judgments or bankruptcy cases against you.
Once you have checked your eligibility for the Llyods Bank credit card and have been declared eligible, you can apply for the card and your application will most likely be accepted.
0345 606 2172
25 Gresham Street in London, UK
Lloyds Bank credit card is a good solution to all your financial worries. It’s feature-rich, credible, and easy to use. To know more about the credit cards and other products of the bank, you can reach out to the bank directly.
Disclaimer: Applying for and using a credit card involves considerable risks. Therefore, it is recommended to refer to the bank’s terms and conditions before applying.