Avios Rewards Credit Cards

LLOYDS BANK CREDIT CARD ACCOUNTAvios Rewards

Collect Avios and turn your everyday spending into travel rewards


Why choose this card?

  • Great rewards

    From flight upgrades to health club day passes and days out, the more you use your Avios Rewards credit card account, the higher the rewards you collect with the Avios Travel Rewards Programme.

  • Collect double Avios for 6 months

    Use your Avios Rewards American Express® card and you’ll also get double Avios for 6 months after opening your account, up to a maximum of £2,500 of eligible spend each month.

  • No foreign transaction fees

    Pay no foreign transaction fees when using your card abroad, instead of the standard 2.95%. Note, other fees may apply, such as cash withdrawal fees.

Representative example

Most successful applicants will get:

a variable annual
purchase rate of
18.94%
and a variable
representative
23.7%APR
based on borrowing
£1,200
over 12 months,
with an annual fee of
£24

Credit limits and interest rates vary based on your individual circumstances.

What is a representative example?
This is a table of information designed to show how much this account would cost most successful applicants. We use the example of how much it would cost over one year if you borrowed £1,200. It is for illustrative purposes only, and does not reflect the credit limit you will get if you successfully apply.
What does purchase rate mean?
When you use your credit card to buy things, you will be charged interest on your purchases (outside of any introductory offer periods). If you pay off the outstanding balance of your credit card each month, you would not be charged purchase rate interest.
What does APR mean?
APR stands for 'Annual Percentage Rate' and is a figure that includes all fees, charges and interest rates associated with your credit card. APR is a representative figure and it allows you to quickly compare credit cards.
Could my APR be different from the example?
We treat all applications on an individual basis, so the APR you get is determined by the details supplied on your application, along with an independent verification of your credit and repayment history. Most successful applicants (at least 51%) will receive the lowest APR displayed in the representative example.
What is an annual fee?
This is a fee charged every 12 months as a condition of continuing to hold this credit card account. (There will be other costs attached to holding a credit card account, which are outlined in this account's Summary Box).
What is a credit limit?
If you successfully apply for a credit card, a limit on how much you can spend on it will be applied. You must not go over this limit. Your credit limit will be based on your current circumstances, and may vary.
What do these numbers mean?

Key facts

Features and benefits

  • Most successful applicants will receive the representative rate of 23.7% APR (variable).

  • This account comes with two credit cards: an Avios Rewards American Express® card and an Avios Rewards Mastercard®.

  • The Avios Rewards American Express card lets you collect Avios at a rate of 1.25 for every £1 of eligible spend you make.

  • The Avios Rewards Mastercard lets you collect Avios at a rate of 1.25 for every £5 of eligible spend you make.

  • Collect double Avios for the first 6 months from account opening when using your Avios Rewards American Express card, up to a maximum eligible spend of £2,500 per month.

  • Pay no foreign transaction fees (typically 2.95% when using your card abroad). Note, other fees may apply, such as cash withdrawal fees.

  • Collect selected flight upgrade vouchers with a minimum of £7,000 of eligible spend made within a single year. Only selected flight bookings paid for in full using Avios are eligible to be upgraded using the voucher.

  • 0% interest for 29 months on purchases, from the date your account is opened.

  • Pay 0% interest for 29 months from opening your account on balance transfers made within 90 days. A 3% balance transfer fee applies.

  • You’ll also receive 1.25 Avios for every £5 of your balance transfer made from a single provider.

  • This account will mainly benefit people who spend around £350 or more per month on their credit card.

  • If you already hold a Lloyds Bank credit card, you may still be eligible for this offer when you apply for a second card.

  • Manage your credit card with Internet Banking, the Mobile Banking app, Telephone Banking, in branch, and also get free Text Alerts.

Keep in mind

  • If you don't qualify for the lowest rate, you'll get a higher APR, either 26.9% (variable) or 31.1% (variable), depending on your circumstances.

  • There is an annual fee of £24.

  • The double Avios offer only applies to the Avios Rewards American Express card and not the Avios Rewards Mastercard, for 6 months from account opening.

  • To keep your promotional offers, you must stay within your credit limit and make your minimum monthly repayments on time.

  • You will not collect Avios for: cash withdrawals, interest, fees or charges, transactions at casinos, betting outlets or bookmakers, payments to offline or online current accounts, savings, share-trading, spread-betting, gambling, any other similar account or fraudulent transactions.

  • You can transfer balances to us (£100 minimum) from most credit cards and some store cards, excluding other Lloyds Bank products.

  • Only bookings paid for in full using Avios are eligible to be upgraded using the voucher. Avios and Money bookings and bookings paid for fully in cash are excluded.

  • You will need a minimum of 8000 Avios to purchase a return flight. Spending £7,000 on your Avios Rewards American Express card would earn 8750 Avios. Spending £7,000 on your Avios Rewards Mastercard would earn 1750 Avios. If you don't earn enough points through this card to purchase a flight using only Avios, you can also earn Avios from other sources. Any Avios balance you have earned previously can also be used to purchase flights.

  • You can only claim one upgrade voucher per year.

  • Upgrade vouchers will be valid for 12 months from the date of issue.

  • British Airways codeshare flights and flights from London City airport are excluded from using upgrade vouchers.

  • Using an upgrade voucher enables customers to upgrade their booking by one cabin class. Bookings cannot be upgraded to a First Class Cabin.

  • If your application is successful, your credit limit and any applicable promotional rates will be based on your current status.

Avios explained

What is Avios?

The Avios Travel Rewards Programme turns your everyday spending into flights, experiences, and other great travel rewards.

What can I get with Avios?

Use your Avios to fly worldwide. Your Avios will help you explore the world with scheduled flights on British Airways, Iberia, and Flybe. You can choose your seat, check in luggage, and enjoy complimentary food and drink. For example, with up to 9,000 Avios (plus airline taxes, fees, and carrier charges) you can get a return flight to destinations like Nice, Amsterdam, and Berlin. You can also use Avios to part-pay for flights.

Can I get anything else?

Of course. As well as flying, you can also spend your Avios on a range of other rewards: hotel bookings, car hire, holidays and activity days, and even wine and beer cases. Here are just a few examples:

  • 3,000 Avios gets you a health club day pass for two
  • 4,500 Avios gets you afternoon tea for two or a round of paintballing
  • 7,000 Avios gets you a Favourites Six wine case or a West End theatre ticket (silver).

Can I use my Avios Rewards credit card account to upgrade flights?

Yes. With £7,000 of eligible spend in one year, you can upgrade either:

  • two one-way flights for two people travelling at the same time and to the same destination, or
  • one return journey booked on a British Airways main line service.

British Airways codeshare flights are excluded. Flights from London City Airport are excluded. Using an upgrade voucher enables customers to upgrade their booking by one cabin class. Bookings cannot be upgraded to a First Class Cabin. Upgrade from:

  • Euro Traveller to Club Europe
  • World Traveller to World Traveller Plus
  • World Traveller Plus to Club World

The year begins from the date your Avios Rewards credit card account is opened, and each subsequent year starts on that anniversary.
Only bookings paid for in full using Avios are eligible to be upgraded using the voucher. Avios and Money bookings and bookings paid for fully in cash are excluded.
You can only claim one upgrade voucher per year.
Upgrade vouchers will be valid for 12 months from the date of issue.

How do I collect Avios?

Use your Avios Rewards American Express card or your Avios Rewards Mastercard every time you shop to collect Avios. Collect 1.25 Avios for every £1 you spend on your Avios Rewards American Express card, and 1.25 Avios for every £5 you spend on your Avios Rewards Mastercard.

Find out how many Avios you could get in a year with our handy Avios Rewards calculator.

What can I spend on to get Avios?

Most things you can spend on your credit card will enable you to collect Avios. However, you will not collect Avios for: cash withdrawals, interest, fees or charges, transactions at casinos, betting outlets or bookmakers, payments to offline or online current accounts, savings, share-trading, spread-betting, gambling, any other similar account, or fraudulent transactions.

Find out more about Avios

Find out more about the programme, the rewards available and how to spend them on the Avios website.

Why this account comes with 2 cards

Unlike some other credit card accounts, with the Avios Rewards credit card account you get 2 credit cards: an Avios Rewards American Express card and an Avios Rewards Mastercard.

  • Having 2 cards means you can collect Avios faster and in more places
  • You can enjoy using both cards, as they form 1 account, 1 credit limit, and 1 monthly statement
  • Purchases you make on both cards contribute towards the single pool of Avios you collect

How much does this card cost?

This credit card account has an annual fee of £24.

Interest rates

Outside of introductory promotional periods, the interest you pay on transferred balances, cash transactions, and purchases is 18.94% (variable) if you qualify for the lowest rate and either 21.94% (variable) or 25.95% (variable) if you do not.

Outside of introductory promotional periods, the interest free period on purchases is up to 56 days if the full balance is paid off by the due date on both your previous and latest statement.

Fees and charges

The fee for balance transfers is 3%.

The fee for cash transactions is 3% or £3, whichever is the biggest.

The fee for foreign currency transactions is 0%.

What will be paid off first?

Your monthly payments will pay off balances with the highest interest rate first, in this order: cash transactions, purchases, balance transfers and money transfers, and then default charges (plus any interest or charges incurred as a result of those balances).

As this account comes with 2 cards, all the above rates, fees, and charges apply to total spending on both cards.

Summary box

The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

SUMMARY BOX – Lloyds Bank Avios Rewards CREDIT CARD
APR
Representative 23.7% APR (variable).
Rates from 23.7% APR to 31.1% APR variable, depending on individual circumstances.
Interest rates Introductory promotional rates Standard monthly rate (variable) simple % Standard annual effective rate (variable) %
Purchases 0% p.a. fixed for the first 29 months from account opening. 1.456% or 1.667% or 1.941% 18.94% or 21.94% or 25.95%
Cash transactions Not available. 1.456% or 1.667% or 1.941% 18.94% or 21.94% or 25.95%
Balance transfers and money transfers (if available) Balance transfers: 0% p.a. on balance transfers you make in first 90 days fixed for 29 months from account opening, on the transferred amount and the promotional fee.
Money transfers: Not available
1.456% or 1.667% or 1.941% 18.94% or 21.94% or 25.95%
Default charges - the simple annual interest rate is 17.472% or 20.004% or 23.292%
We will charge you £12 if you do not make at least your minimum payment to us by the payment due date requested on your statement. You will lose your promotional offers if this happens and the standard interest rates for the applicable transactions will apply.
Interest free period

- Maximum 56 days for purchases if you pay your balance in full (including any balance transfers and money transfers) by the payment due date and you also paid your previous month's balance in full by the due date.
- No interest-free period cash transactions.
- There is no interest free period for balance transfers or money transfers (if available) where these are outside promotional offers.

Interest charging information We calculate interest daily for all transactions (purchases, cash transactions, balance transfers and money transfers) based on the total amount you owe. We add together all the daily interest amounts in each statement period and add the total to your balance on your statement date. There are three exceptions to this rule:
- Annual fees: We do not charge interest on annual fees (see below for details of whether your card has an annual fee).
- Purchases: We do not charge interest on purchases during the interest free period, as detailed above.
- Default charges: We do not charge interest on default charges for the first 28 days after the day we give you notice (usually in your statement) that these charges are payable. After that we charge simple interest, so we will not charge interest on interest.
Allocation of payments We use your payments to pay off balances charged at the highest interest rate first and so on down to balances with the lowest interest rates. This means the more expensive balances are always paid off first.
If there is more than one type of balance at the same interest rate, they are paid off in the following order: cash transactions, purchases, balance transfers and money transfers, and then default charges (plus any interest or charges incurred as a result of those balances). For each type of balance, your payments will pay off the oldest balance (and related fees, charges or insurance) first.
Minimum payment An amount equal to the total of interest, default charges, one twelfth of the annual fee  and  1 % of the balance shown in your statement (minimum £5, or the full balance if less than £5). The different ways you can repay are included on the back of your statement and in your credit card agreement.
Credit limit Minimum credit limit Subject to status.
Maximum credit limit Subject to status.
Your credit limit is the total amount you can borrow under the credit card agreement. We tell you what it is in writing soon after entering in to this agreement. Please see your credit card agreement for any limitations that apply to certain transactions.
Annual fee
An annual fee of £24.
Fees Cash transactions (any currency) 3% or minimum £3.
Introductory balance transfer fee 3% of  transfer (min £3).
Non-introductory balance transfers and money transfers fee (if available) 3% of  transfer (min £3).
Statement copy fee £5  for copies of non-current statements.
Non-sterling transactions (foreign usage) Payment Scheme Exchange Rate Indicative rates can be found at www.mastercard.com/global/ currencyconversion/index.html
One or more of the following may apply:
      Non-Sterling transaction fee None.
      Cash transaction fee 3% or minimum £3.
Default charges Late Payment charge £12.
Returned Payment charge £12.
Overlimit charge £12.
These details are correct as of March 2016.

Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a Direct Debit for any fixed amount over the minimum payment by calling 0845 606 2172. Lines are open 24 hours a day, 7 days a week.

For longer term borrowing it may be more appropriate to choose a loan from us. If you would like to find out more about this you can call Lloyds Bank Personal Loans on 0800 092 6290, or visit lloydsbank.com/loans or call into a Lloyds Bank branch, where our staff will be happy to help.

The following example highlights the difference between only paying the minimum and paying a fixed amount:

For a purchase of £1,000 on your Lloyds Bank Avios Rewards Credit Card.

Monthly payment If you pay the minimum payment each month If you pay £50 each month
Without taking into account the annual fee, how much interest will you be charged in the first year? £167.11 £143.21
How much interest will you be charged in the second year? £147.94 £57.07
How long would it take to clear the balance? 18 years 4 months 2 years 2 months

The above example assumes the following:

  • Any promotional offers are excluded.
  • The transaction takes place on 1st January and you make no further transactions.
  • You always make the payment each month on the 15th.
  • Your statement is produced on the 1st of each month.
  • You are on the best rate available for this card.

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 or you would like further information, please contact us. We will also be able to help you if you’re experiencing financial difficulties.

Terms and conditions

Draft credit card account terms and conditions

Double Avios offer terms and conditions

Avios Rewards terms and conditions

A full set of Terms and Conditions specific to you will be issued once you’ve been accepted for the Credit Card.

Our responsibilities - and yours

Responsible lending

Lloyds Bank is a responsible lender, and we only want you to borrow what you can afford, in a way that is best for you. The outcome of your credit card application depends on our assessment of your circumstances.

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.

A note on fraud

You won’t have to pay us for any unauthorised postal, telephone or internet transactions made by someone other than you or an additional cardholder. 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.

You can apply for this credit card if:
  • you’re aged 18 or older
  • you’re a resident in the UK
  • you have a regular income
  • you’re free from any County Court Judgements, you aren’t currently bankrupt, and you’re not subject to an Individual Voluntary Agreement.

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