The Everyday Spending Card from the Lloyds Bank is a great choice if you are looking to manage your budget with a low rate credit card. This card is issued by Lloyds Bank, the largest retail bank in Britain with an extensive banking network across the country.
The use of credit cards has surged in recent years. However, a lot of cardholders are still clueless when it comes to using a credit card well. To avoid any jeopardy on your financial freedom try to keep track of your expenses and due dates.
If you are looking to apply online for the Lloyds Credit Card, then you are in the right place. In this article, we will dive straight into the features, applicable fees, rates, and interests of the credit card along with tips about how to apply.
Features of the Lloyds Everyday Spending Credit Card
The Lloyds Everyday Spending Card is filled with exciting perks and is perfect for impulsive shoppers who are looking for low rate credit cards. With internet banking in place, you can easily manage your credit card on the go without the need for a mobile app or desktop service.
Lloyds Bank also protects you from any fraudulent activities and you won’t have to pay a single shilling from your pocket if it is confirmed.
With this credit card and online payment in place, you can also make payments from anywhere in the world. Plus, to help you out in time of need, you can also talk to the banks customer representative to resolve your queries.
How to Apply?
Before you apply for the Lloyds Everyday Credit Card, you will need your UK address details, phone number and email address, a copy of your annual income (before tax), and the account number and sort code of your main bank account. Applicants who have just moved to Britain in the last 3 years, will need to disclose your previous address.
After you have gathered this information, you can proceed to apply for the credit card online, by visiting a branch, or over the phone. The application form works well in tablets, smart devices, and even on your laptop.
Once you apply, the bank runs a couple of checks on your creditworthiness to determine if you can repay on time. Once your application is accepted, you will receive your card within seven working days while your PIN will arrive in five working days. If your card fails to arrive within two days of your PIN, don’t forget to call on 0345 606 2172.
Moreover, to ensure better maintenance and security, you’ll also receive two more emails – a legal contract and terms and conditions after your application is approved.
Eligibility Criteria
If you are looking to apply for the Lloyds bank credit card, then you need to fulfil all the eligibility criteria.
You should be a UK resident aged 18 years or over. You need to be free of County Court Judgements (CCJs), Individual Voluntary Agreements (IVAs), or bankruptcies.
You should have a steady income and cannot be unemployed or a student. In the last 30 days, you shouldn’t have been denied a Lloyds Bank credit card.
You can also check your eligibility criteria here.
Applicable Fees
Here’s the list of the different fees applicable to the Everyday Credit Card.
- Cardholders with a balance between £1 – £3,999.99 in their bank account, have to pay an interest rate of 1.00% per annum every month with a gross interest of 0.99% per annum.
- While for Cardholders whose balance exceeds £4,000, you need to pay 2.00% interest per annum on a monthly basis and 1.98% interest rate per annum on the gross rate.
Contact Information
Telephone
0345 606 2172
Address
25 Gresham Street,
London EC2V 7HN.
England and Wales No. 2065
The Bottom Line
As much as this card offers low rates, you must repay them within the due date. You can always talk to executives from Lloyds Bank for support and guidance.
Note: There are risks involved when applying for and using credit products. Consult the bank’s terms and conditions page for more information.