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Large purchase credit cards
You could spread your repayments using a large purchase credit card.
Credit is available subject to status.
What is a large purchase credit card?
A large purchase credit card could help you to manage the cost of bigger purchases or projects.
- Usually come with an introductory interest rate on card purchases.
- Spread repayments on larger expenses into more manageable chunks.
- Section 75 protection on most purchases of over £100 and up to £30,000.
Good to know: aim to repay your balance before any introductory rates expire. After that, your standard account interest rates will apply to any remaining balance.
Large purchase credit card features may vary. Make sure you understand all limitations, terms and conditions before you apply.
Standard credit card features
Handy for spending
- Add up to 3 additional cardholders, helping you keep track of household spending in one place.
- Use the card freeze option in our app to control when and where your card can be used.
- In the app you can also view your card details or get a PIN reminder when you need one.
Other standard features
- Manage most things online: check your balance, review transactions, view paper-free statements, make payments, request transfers and more.
- Fraud protection: you won’t be charged for transactions you didn’t authorise. But you must let us know if you notice unusual account activity, or if you lose your card.
- Ways to pay: make repayments by bank transfer, debit card or Direct Debit. Pay more than the minimum at any time to reduce your borrowing costs.
- Contactless cards: pay quickly and securely anywhere you see the contactless symbol.
- Mobile payments: add your credit card to a mobile device to make secure payments online, and on the go.
- UK call centres: we’re just a phone call away – here 24/7 for emergencies.
Am I eligible for a credit card?
Eligibility basics
To qualify, you need to:
- be a UK resident
- be aged 18 or over
- have a regular income.
You should know
You won’t qualify if you:
- are unemployed or a student
- have bankruptcies on your credit file
- have County Court Judgements (CCJs)
- have Individual Voluntary Agreements (IVAs)
- have been declined for a Lloyds credit card within the last 30 days.
Before you go ahead, ask yourself:
- Does a credit card suit my needs, or should I consider other borrowing options?
- Will I be able to make repayments, even if my circumstances change?
In addition to fees and charges, you could lose any promotional rates if you don’t meet the terms of your account. For example, if you don’t make at least the minimum payment on time each month. If a promotional rate is withdrawn, or simply expires, the standard account interest rates, fees and charges will apply.
Check if you’re eligible
Answer a few simple questions to see credit cards you’re eligible to apply for, and your estimated credit limit. Our eligibility check won’t affect your credit score, and there’s no obligation to apply.
Make sure you've read
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Draft credit card account terms and conditions (PDF, 775KB)
We'll send you a full set of terms and conditions specific to you once you’ve been accepted for the credit card.
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Responsible lending
Lloyds is a responsible lender. We only want you to borrow what you can afford, in a way that’s best for you. The outcome of your credit card application depends on our assessment of your circumstances.
You can talk to a member of our team about the choices you've made. They’ll 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 account.
You should never tell anyone your PIN. You can give suppliers your card details and won’t be liable if they misuse them. However, if you’ve given someone else your card details, you’re liable for all transactions unless you’ve told us they’re not authorised.
Frequently asked questions
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Large purchase credit cards typically offer a promotional interest rate on eligible card purchases. This could help you to spread the repayments on larger planned purchases, or expensive projects.
A standard advantage to using a credit card to make large purchases is Section 75 protection. Most single item purchases of over £100 and up to £30,000 may be covered if something goes wrong.
Just be aware, you may need to make qualifying transactions within a set number of days from account opening. After that, the standard account interest rate would apply to further card purchases. Terms may vary, so always check any offer details carefully.
Standard interest rates will also apply to any remaining balance once your promotional rates end.
Bear in mind that standard interest rates are typically much higher.
Before using a credit card, make sure you understand when interest and other charges may apply
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Providing you don’t go over your credit limit, you can use a credit card for most things.
Just bear in mind that, whenever you use a credit card, interest and other charges may apply.
It’s also worth knowing that carrying a high credit card balance could affect your credit score over time.
If you do make a large purchase, make sure you focus on repaying your balance as quickly as you can. That will also help you to minimise any borrowing costs.
Before you reach for your credit card to make a purchase, consider what you can reasonably afford to repay, and if you could wait and save up instead.
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