Lloyds Bank Credit Card
Lloyds Bank
- 1%Cashback on all purchases in the first year
- 0.25%Cashback on all purchases thereafter
The Lloyds Ultra Credit Card offers a 1% unlimited cashback bonus on all purchases for the first 12 months.
Lloyds Bank offers credit card rewards primarily through cashback on the Lloyds Ultra card.
12.9%-29.9% Variable APR
The standout feature here is the 1% cashback on all purchases for the first year, making the Lloyds Ultra Credit Card an attractive option for those who want to maximize their rewards while enjoying no foreign transaction fees.
Pros:
- 1% cashback in the first year
- No foreign exchange fees
Cons:
- Monthly fees for premium cards
- Variable APR can be high
The Lloyds Bank Credit Card may be suitable for individuals seeking a straightforward rewards structure without an annual fee, particularly those who can benefit from the initial 1% cashback on all purchases in the first year. However, potential users should consider their spending habits and whether the ongoing reward rate meets their long-term financial goals.