Lloyds Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Lloyds Bank suits people who want a cashback credit card with no annual fee. It pairs a £0 annual fee with cashback rewards, though the 24.9% APR makes borrowing expensive, so the card suits spending you clear in full each month.
Key facts
Savings
- Deposit protection
- FSCS up to GBP 85,000↗
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- No annual fee, with the credit card charging £0.
- Cashback is the stated rewards type.
- It is a credit card rather than a charge card.
- Lloyds Bank plc is the named legal entity.
Cons
- The credit card has an APR of 24.9%.
- Cashback is not named among its listed features (rewards).
- Support runs on phone only.
Who it suits
- People who want a credit card offering cashback.
- Card holders who value a £0 annual fee.
- Customers comfortable with a 24.9% APR.
Who should look elsewhere
- bunq, which charges an annual fee of €0 on personal plans.
- Varo Believe Secured Credit Card, with an annual fee of $0.
- Starling Personal Account Debit Card, a debit option with an APR of 15%.
Fees and currency costs
This credit card charges an annual fee of £0 and an APR of 24.9%. Holding the card therefore costs nothing in annual fees, while the APR is the figure that matters once you carry a balance. Clearing what you spend each month keeps the interest charge out of the picture.
How Lloyds Bank compares
- 9.2 vs 8.6
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9.2 vs 8.8- 9.2 vs 8.8
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9.2 vs 8.0- 9.2 vs 8.0
9.2 vs 9.1
Frequently asked questions
What type of card is this?+
The Lloyds Bank product is a credit card. The stated model carries no annual fee, and the rewards type is cashback. A credit card of this kind can carry an ongoing cost through interest whenever a balance is left outstanding.
How much is the annual fee?+
The annual fee for this credit card is £0. That is the only card-holding charge listed for the product, while the cost of borrowing is set out separately in the 24.9% APR.
What APR does the card charge?+
The stated APR is 24.9%. APR is the borrowing figure to compare if you plan to carry a balance, and it sits alongside the £0 annual fee, so both numbers matter before you apply.
What rewards does the card offer?+
Cashback is the stated rewards type, and the listed feature is rewards. Cashback returns a share of your spending rather than points, which makes it straightforward to judge on a card you clear in full each month.
How can customers get support?+
The listed support channel is phone, and that is the only route named for Lloyds Bank. Phone suits questions about a card or a savings account that are easier to work through in a conversation.
What deposit protection is listed?+
Deposit protection is listed as FSCS up to GBP 85,000. That protection figure relates to money held on deposit, while the product here is a credit card, so the card terms and the deposit cover sit in separate places.
Who operates the product?+
The named legal entity is Lloyds Bank plc. Its headquarters country is GB, and the bank was founded in 1765. Those details identify the provider behind the card rather than the fee or the reward it carries.
Sources
- en.wikipedia.org/wiki/Lloyds_Bank checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity
“Headquarters London, England, UK”
- lloydsbank.com/savings checked September 26, 2026
Backs: Support channels
“General Banking Queries Personal 0345 300 0000”
- moneysupermarket.com/credit-cards/lloyds-bank checked September 26, 2026
Backs: Annual fee, APR, Card kind, Features, Founded, Pricing model, Rewards type
“there is no monthly or annual fee for taking out the card - Lloyds Bank Cashback credit card”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee.