Lloyds Ultra Credit Card
Lloyds Bank
Annual fee
£0
Rewards rate
1%-0.25%
Welcome Bonus
N/A
Apply Now →on Lloyds Bank's website
Regular APR:14.9% Variable APR
- 1%Cashback on all purchases in the first year
- 0.25%Cashback on all purchases after the first year
Welcome Bonus:
N/A
Reward Rate:
Earn 1% uncapped cashback in the first year and 0.25% thereafter.
APR:
14.9% Variable APR
The standout feature of the Lloyds Ultra Credit Card is its generous 1% cashback on all purchases during the first year, appealing to those who want to maximize their rewards without incurring any fees.
Pros:
- 1% cashback with no monthly cap in the first year
- No foreign transaction fees
Cons:
- Cashback payout is delayed until the end of the year
- Mixed user opinions on the card
The Lloyds Ultra Credit Card is well-suited for individuals seeking a no-annual-fee option that offers a solid cashback reward, particularly in the first year. However, those who frequently carry a balance may find the lower ongoing reward rate of 0.25% less advantageous, making it more appropriate for users who can pay off their balance in full each month.