Lloyds Ultra Credit Card
Lloyds
Annual fee
£0
Rewards rate
1%-0.25%
Welcome Bonus
1% cashback
Apply Now →on Lloyds's website
Regular APR:12.9% Variable APR
- 1%Cashback on all purchases for the first year
- 0.25%Cashback on all purchases thereafter
Welcome Bonus:
Earn 1% cashback on all purchases for the first 12 months, dropping to 0.25% thereafter.
Reward Rate:
1% cashback on all purchases for the first year, 0.25% thereafter.
APR:
12.9% Variable APR
The Lloyds Ultra Credit Card stands out as the top choice because it offers a competitive 1% cashback on all purchases for the first year, making it ideal for users looking to maximize rewards without incurring annual fees.
Pros:
- No annual fee
- No foreign exchange fees
Cons:
- Cashback drops significantly after the first year
- Monthly account fees may apply
The Lloyds Ultra Credit Card is particularly suitable for individuals who want to earn cashback on everyday purchases without the burden of an annual fee. Its introductory cashback rate of 1% for the first year may appeal to new users seeking a straightforward rewards structure while managing their finances effectively.