Lloyds Bank Classic Credit Card review

This card is no longer available, but you can use this page to compare similar cards.

As of June 2020, this card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to browse the range of credit cards currently available from Lloyds Bank and to compare similar cards from other issuers.

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Representative example: When you spend £1,200 at a purchase rate of 27.95% (variable) p.a., your representative rate is 27.9% APR (variable).


Representative APR

16 months

0% interest on balance transfers


Account fee

6 months

0% interest on purchases


IssuerLloyds Bank
Annual/monthly fees£0
Balance transfers0% for 16 months reverting to 27.95%
Balance transfer fee3% for 3 months reverting to 5%
Purchases0% for 6 months reverting to 27.95%
Purchases interest-free periodUp to 56 days
Cash advances27.95%
Minimum credit limit£500
Maximum credit limitSubject to status
Additional cards available1

Review by

Chris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.

Expert review

There isn’t much to get excited about in this Lloyds Bank credit card, but it does the job.

Its main pro is that it offers introductory 0% deals on both purchases and balance transfers – handy if you’re both planning a significant expenditure and want to spread the cost and looking to cut the interest on existing credit card debt.

Since the purchase and balance transfer deals expire at different times, you need to set two different alarms on your calendar and draft a well-thought repayment plan (and stick to it!).

There are longer 0% deals on the market (provided you can get approved), and with a high standard rate after the 0% introductory periods have expired, this card may not be suitable for those who need a little longer to clear card debt or who anticipate carrying a card balance from month to month.

On the plus side, cardholders don’t have to pay an annual fee and are entitled to access the Mastercard Priceless Cities programme.

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Repayment options

You can make manual repayments through Lloyds Bank's app by logging in to your online banking or over the phone (0345 606 2191). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Classic Credit Card

If you’ve compared cards and want to apply, you’ll need to head to a branch, as this card is not available online. Check that you meet the eligibility requirements and have photo and address ID with you to make the process as straightforward as possible.

Frequently asked questions

What credit limit will I get with the Lloyds Bank (Branch) Classic Mastercard?

If Lloyds Bank is able to offer you this deal, the offer will specify a personalised credit limit based on Lloyds Bank's assessment of your situation. The minimum limit offered on this card is £500 and Lloyds Bank does not specify a maximum. Once you've had the card for a while and shown Lloyds Bank that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Lloyds Bank (Branch) Classic Mastercard?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Lloyds Bank (Branch) Classic Mastercard is 5%.

The interest rate on this part of your balance will be 27.95%, which is the same as the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Lloyds Bank (Branch) Classic Mastercard abroad?

Non-sterling transactions are subject to a 2.95% charge. For example, if you spend 200 euros (£172.04), it'll cost you around £5.08 in fees.

What is the minimum payment on the Lloyds Bank (Branch) Classic Mastercard?

Each month you must pay at least 2.5% of your balance at that point or £5.00 – whichever of the 2 figures is greater. So if you had, say, £180.00 outstanding, you'd pay £5.00, and if you had £800.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it makes it much harder to get debt-free before that introductory 0% period expires.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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