Lloyds Ultra
Lloyds Bank
Annual fee
£0
Rewards rate
1%-0.25%
Welcome Bonus
N/A
Apply Now →on Lloyds Bank's website
Regular APR:12.9% Variable APR
- 1%Cashback on all spending in the first year
- 0.25%Cashback on all spending thereafter
Welcome Bonus:
N/A
Reward Rate:
1% cashback on all spending in the first year, 0.25% thereafter.
APR:
12.9% Variable APR
The Lloyds Ultra card is particularly appealing for its uncapped 1% cashback on all purchases during the first year, making it a strong contender for those looking to maximize their rewards.
Pros:
- No annual fee
- High initial cashback rate
Cons:
- Lower cashback rate after the first year
- Limited additional benefits
The Lloyds Ultra card is well-suited for individuals seeking a no-annual-fee credit card with a straightforward cashback structure, particularly those who can benefit from the uncapped 1% cashback on all purchases in the first year. However, potential users should consider the lower ongoing reward rate of 0.25% after the initial period when evaluating its long-term value.