Credit card fees and charges

Aside from interest, there may be other account fees and charges you need to be aware of.

Fees may apply to some transactions and account features, so it’s important you know about them to understand the true cost of borrowing:

  • Balance and money transfers.
  • Cash transactions, including ATM withdrawals and other cash equivalent transactions.
  • Non-Sterling transactions.
  • Monthly or annual account fees.

Additional charges may apply if you don’t keep up with payments, they’re returned, or you go over your agreed credit limit.

Transaction and account fees

These are the most common fees which could apply to your credit card account, as detailed in your terms and conditions.

  • Balance transfer fee – this may be charged when moving a balance from another credit or store card to your Lloyds Bank credit card. The fee is usually a percentage of the transfer amount and will be confirmed before you go ahead.

    More about balance transfers

    Money transfer fee – this may apply when moving funds from your Lloyds Bank credit card account to your UK current account. Again, the fee is usually a percentage of the transfer amount and will be confirmed before you go ahead.

    More about money transfers

    It’s useful to know, transfers are available subject to status and, in the case of money transfer, could be limited to selected products.

  • When using your credit card, a cash transaction fee may apply to:

    • Using your available credit to obtain cash (e.g. at an ATM or at an over-the-counter service). 
    • Gambling transactions, using your card to make transactions at casinos, betting outlets and bookmakers, and buying online lottery tickets or gaming chips, share trading or spread betting.
    • Buying foreign currency.
    • Sending money orders or wire transfers (other than balance transfers or money transfers).
    • Buying coins, banknotes or digital currency.
    • Paying government or court fines, enforcement penalties, fees or costs.
    • Online trading such as share dealing or investments.
    • Purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

    The fee is usually a percentage of the transaction value. 

    Interest will apply from the date of the withdrawal or transaction.

    More about cash transactions

  • Some retailers and service providers may charge a fee for using a credit card to purchase things like postal orders, or to enter competitions.

  • If you make a non-Sterling transaction or buy non-Sterling currency, as well as being subject to the Mastercard or Visa exchange rate, you may be charged interest and fees. These could include:

    • A non-Sterling transaction fee.
    • A cash fee.

    More about using your credit card abroad

  • For some credit cards, a monthly or annual fee applies. These cards usually offer some type of reward in return, e.g. cashback or another form of points.

    This should be outlined in the credit card features before you apply. It will also be accounted for in the representative example you see alongside credit card features and benefits.

    If a monthly fee applies, it’ll be charged to your statement each month. If an annual fee applies, it’ll be charged to your statement once each year, around the anniversary of your account opening.

Default charges

Additional charges may apply if you don't manage your credit card account in line with the conditions set out in your credit agreement.

  • If you don’t make at least the minimum payment by the due date shown on your statement each month, you could be charged a fee and lose any promotional offers on your account.

    This could also affect your credit score, which may make it harder to secure credit again in future. 

    Refer to your credit card terms and conditions, or you latest statement, for information about fees and charges that apply to your account. 

    You could set up a Direct Debit to make payments to your credit card account automatically each month, so you’ve one less thing to remember. 

    It might also help to move your payment due date to one which suits you better. 

  • Your credit limit is just that – the maximum amount of credit available to you, based on an assessment of your circumstances when you took out your card, or last requested to change your limit.

    If you go over your credit limit, your credit score could be affected, which may make it harder to secure credit again in future.

    Refer to your credit card terms and conditions, or you latest statement, for information about fees and charges that apply to your account.

    Any transaction could take you over your credit limit, including interest, fees or charges, so it’s important to keep track of your balance, even between statements.

    You can check your balance at any time using:

  • If you make a payment that we’re unable to process, it may be returned. That includes Direct Debits and cheques returned due to insufficient funds. 

    Refer to your credit card terms and conditions, or you latest statement, for information about fees and charges that apply to your account. 

    If this results in you missing a minimum payment, you may also be charged a late payment fee. There’s more detail about that earlier in this page.

Which fees and charges apply to my card?

The fees and charges which apply can vary, depending on the features and benefits of your specific credit card. You can find these details in a couple of places though: 

  • Your monthly statement – in the ‘summary box’ you’ll find information about fees, charges and the way payments are allocated to your account balance. 
  • Your account terms and conditions – these are provided when your account is opened, or if the terms of your account have changed, so make sure you’re looking at the latest version.

Keeping track of transactions

You can check the transactions on your account, including fees and charges, in the following ways:

Your monthly statement

Internet Banking or the Mobile Banking app

Have you been charged correctly?

If there’s an account fee or charge on your Lloyds Bank credit card statement that you wouldn’t expect, please read our guide to unrecognised transactions.

What's included in the Representative APR?

A useful tool when comparing credit cards, the Representative APR, or Annual Percentage Rate, can help you estimate how much your credit card borrowing will cost over the course of a year. This is always based on the card purchase interest rate, and does include any account and application fees, but not the other fees and charges listed on this page.

More about your APR

Key points about fees and charges

  • In addition to interest, fees may apply to different types of account transaction, including balance and money transfers, cash transactions and using your credit card abroad. 
  • For some types of credit card, a monthly or annual account fee may also apply. 
  • Any fees and charges will be listed on your monthly statement or, between statements, check recent transactions within Internet Banking and the Mobile Banking app. 
  • Find details about fees and charges which apply to your account on your latest statement, or refer to the terms and conditions of your account.

Where next?

To use our Mobile Banking app you need to have a valid phone number registered to your account. Available to UK personal Internet Banking customers and Internet Banking customers with accounts held in Jersey, the Bailiwick of Guernsey or the Isle of Man. Check your preferred app store for minimum operating system requirements. Device registration required. The app doesn’t work on jailbroken or rooted devices. Terms and conditions apply.