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Lloyds Ultra: A new credit card with cashback and no monthly account fees

Lloyds
Published on: 01 October 2025
3 min read

"Lloyds Ultra is a flexible, fuss-free and refreshingly easy to understand credit card - no hassle, just rewards" says Rich Napier, Credit Card Director at Lloyds. 

What benefits does the new Lloyds Ultra credit card come with? 

Lloyds Ultra Credit Card gives customers the freedom to use their credit card for purchases, without monthly account fees and all while earning cashback: 

  • Cashback on card purchases - at a rate of 1% on card purchases for the first 12 months from account opening and at 0.25% after that, for the duration of the card, with no limit to cashback earnings.
  • No foreign exchange fees from Lloyds, giving customers the flexibility to spend abroad with no unexpected costs (local chargers may apply.) 
  • No Lloyds cash withdrawal fees at home or abroad, meaning cash can be withdrawn without charges (local or other third-party ATM charges may apply.)
  • No monthly account fees.
  • A low ongoing interest rate - representative 12.9% APR variable.

Cashback earned with Lloyds Ultra is straightforward. Credited once a year, rewards are paid and deposited into customers' credit card account, as a single annual amount. 

Lloyds Ultra is the best of everything we have to offer in credit cards, all in one handy, flexible card. Whether it's a new washing machine, or next year's summer holiday, whatever you buy, you'll get cashback when you use Lloyds Ultra - turning your spending into meaningful rewards that grow throughout the year. That's not all - we also won't charge when you use Lloyds Ultra when you're abroad and there are no monthly account fees. Wherever life takes you, Lloyds Ultra helps you make the most of your money, simply, with rewards that really add up.

Rich Napier Credit Card Director at Lloyds

 

Tips for managing a credit card  

  • Make payments on time to keep your credit score in good shape.
  • Your statement will show you the minimum payment that's due - take care to always meet this mimimum amount, as it will reduce any interest due and, if you pay the balance in full every month, you won't be charged any interest. 
  • Direct Debits are handy - if you set one up to pay your credit card, the amount will automatically be collected from your selected bank account, when it's due. 
  • Don't spend more than the credit limit your lender has agreed - if you do go over this, transactions are likely to be declined and it may affect your credit score. 

 

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