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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 advances, including ATM withdrawals.
  • Non-Sterling transactions.
  • 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 or card number, a cash advance fee may apply for:

    • Withdrawing cash from an ATM or over the counter.
    • Buying foreign currency or travellers cheques.
    • Gambling transactions, including payments made at casinos, betting outlets, share trading companies and purchasing lottery tickets.

    The fee is usually a percentage of the transaction value. 

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

    More about cash advances

  • 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, an 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 you do need to pay an annual fee, 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, a charge may apply and your credit score could also 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. In these instances, you might be charged. 

    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 issued by post 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:

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, simply contact us to query it on 0345 606 2172. Speak to an adviser 7am-11pm, 7 days a week.

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 often, but not always, based on the card purchase interest rate, and does account for any annual 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 advances and using your credit card abroad. 
  • For some types of credit card an annual fee may also apply. 
  • Additional charges may apply if you don’t keep up with payments, go over your agreed credit limit or a payment you make to us is returned. 
  • 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.

Important legal information

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065 Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.Visit the Lending Standards Board website

We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.

How much we lend and the issue of a credit card depends on an 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 benefits. Full details will be sent with your card. After each introductory period ends you will be charged at the appropriate standard rate.

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