Information about Balance Transfers

A balance transfer allows you to move balances from another credit card or some store cards to your Lloyds Bank credit card. The money you save on interest payments could help you manage your finances.

Your Lloyds Bank credit card terms and conditions won't change. Transfers are subject to status.

Things to consider before making a transfer

  • To keep your new transfer rate, you’ll need to stay within your credit limit and make at least your minimum monthly payments on time. If you want to bring your balance down faster, you can pay more off at any time. Any balances left after the new transfer rate ends will go back to your standard interest rate.
  • To make a balance transfer, you’ll need the credit cards to hand for the accounts you're transferring the balance to and from.
  • Minimum transfer amount - The minimum transfer amount is £100 and a transfer fee may apply.
  • The amount you transfer needs to be less than your available credit limit to allow for any transfer fee and any other fees, charges or transactions that haven’t reached your account yet.
  • Ensure you’re comfortable that you could afford to pay back the money borrowed even if your circumstances change.
  • Card change - If you have recently swapped your credit card and you have received this new balance transfer rate for your old card, you will not be able to apply.
  • Promotional offers - This new balance transfer rate is exclusive and only applies to new balance transfers.
  • Interest on purchases - To benefit from paying no interest on purchases, you will need to pay off your monthly statement balance in full and on time each month (which will include any balance transferred), unless you have a 0% p.a. rate for your purchases.
  • Payments - Any payments you make will firstly pay off your transactions with the highest interest rate charge on, followed by the next highest, and so on.


Once we receive your payment instruction and your transfer has been approved it should reach your account by the next working day. If we need to carry out any additional security checks we’ll contact you by phone or SMS to inform you.

How to make a Balance Transfer

You can make a transfer from most credit cards and some store cards (which display the Mastercard®, Amex®, or Visa® logo) but not from other Lloyds Bank credit cards, loan companies or bank accounts.

You’ll need to continue making payments to your other card(s) as usual until the transfer shows on that card’s statement.

Apply by phone

Alternatively, you can call us on 0345 450 4467 to apply over the phone or visit us in branch.

Lines are open 8am – 10pm Monday to Friday and 9am – 5pm Saturdays and Bank holidays. Calls may be monitored and recorded.

Apply online

To make a transfer online you will need to register for Internet Banking. It is easy to do and will only take a few minutes.

Log In to Apply

Lloyds Bank Avios Credit Card Customers

You'll collect Avios on your balance transfers. Once completed, your Avios will appear on your credit card statement. Please refer to your reward terms and conditions for further information.

If there is anything else you need to know about Avios please visit British Airways (Opens in new window).

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.