Lloyds Bank is a responsible lender and we only want you to borrow what you can afford and in a way that is best for you. If you’d like to talk to us about the choices you’ve made we will be happy to refer you to a member of staff that will be able to help you. They will also be able to talk to you about your options if you’re experiencing financial difficulties.
The issue of a credit card depends on our assessment of your circumstances. You must be 18 or over and a UK resident to apply. Terms and conditions apply to all Lloyds Bank credit cards and full details will be sent with your card.
Information about Balance Transfers
Balances must be transferred from non-Lloyds Bank credit cards or store cards within 90 days of account opening. Balance transfers are subject to your credit limit and must be of at least £100. If you don’t pay off your balance in full, any payments you make will pay off Transactions charging the highest rate of interest first, and so on down to the lowest rate of interest in the following order: Cash Withdrawals, Purchases, Balance Transfers and Cheques, followed by the default charges. (see section 6 of customer terms and conditions for further details on payment allocation).
After the introductory period has ended balance transfers will be charged at the standard rate for purchases. Introductory balance transfer offers are available to new Lloyds Bank credit card customers only and in order to keep your promotional rate you must make your minimum payments on time each month and stay within your credit limit.
Information about Purchases
The interest free period on purchases is up to 56 days if the full balance is paid off by the due date on both the previous and the latest statements.
Information about Fraud loss
You are not liable if someone uses your card account without your or an additional cardholder’s consent. However, you and additional cardholders must take all reasonable measures to protect your cards and PINs. You should never disclose your PIN, not even to Lloyds Bank staff or the police. You can give suppliers your card details (but not PINs) and won’t be liable if they misuse them. However, if you’ve given someone else your card details you are liable for all transactions unless you have told us first they are not authorised.