How to apply for a credit card
At Lloyds Bank you’ll find a range of credit cards to suit most borrowing needs. But how do you apply for a credit card with us, and what things should you consider? This page should help answer all of those important questions.
What do you need a credit card for?
You’ve probably got a good idea about what you need from a credit card, at least in the short term. But it might be useful to learn about the types of credit cards offered by Lloyds Bank, including:
- Balance transfer credit cards
- Large purchase credit cards
- Everyday spending credit cards
- Cashback credit cards
We’ve also created a guide on how credit cards work, briefly explaining what you can use them for.
Two simple steps to apply
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If you’d prefer to speak to someone, call us.
Apply with peace of mind
Requesting a balance transfer
You can request a balance transfer as part of your application, helping you take advantage of your new credit card benefits straight away.
You’ll just need the details of the credit or store card you’d like to transfer a balance from, and we’ll arrange the transfer to your new Lloyds Bank credit card account once it’s set up. Just bear in mind that transfer fees may apply.
You can request a balance transfer from most credit cards and some store cards which display the Mastercard®, American Express® or Visa® logos, but not from loan companies, bank accounts or other Lloyds Bank credit cards.
Of course, you can request a transfer later if you’d prefer.
What happens next?
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We’re always pleased to issue a new Lloyds Bank credit card, helping you with the next step on your journey.
How long will it take to get your new card?
When an application is approved, your PIN will be delivered by post within 5 working days.
Your new card will follow, arriving within 7 working days.We send these items separately for security. If your card doesn’t arrive within two days of your PIN, please message us online. You can also give us a call or visit us in branch.
In the meantime, you’ll receive two emails:
- Pre-contract information – the legal contract we provide before you accept the terms and conditions.
- Adequate explanation and Credit Card Agreement – a copy of the terms and conditions you’ve signed. This is issued once your application is complete.
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Was it an eligibility check?
Although it’s disappointing to be told you’re not eligible, the good thing about One Check and other eligibility tools is, to make an eligibility decision we’ll only complete a 'quotation' or 'soft search'.
This won’t affect your credit score.
Or a full credit application?
We will complete a full credit search if you submit a full credit application. If you’re declined, this will affect your credit score.
It’s important to know that multiple applications in a short period can negatively impact your credit score, which may further discourage lenders from offering you credit.
Key points on applying for a credit card
- Make sure you consider your borrowing needs and options.
- To apply for a credit card, you must be a UK resident aged 18 or over. Other criteria also apply.
- Credit is subject to an assessment of your personal circumstances.
- Use an eligibility checker to find and compare cards you’re likely to be accepted for, without impacting your credit score. The Lloyds Bank version is called One Check.
- Once you’ve found a card that suits you, complete and submit your application. Just bear in mind, a full credit search applies at this point, which will be registered on your credit record.
- With Lloyds Bank you can apply online, by phone or at a branch.
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