The global economy is transitioning towards cashless transactions. Consequently, credit cards have become an irreplaceable part of daily life. Most of our purchases and finances are now managed over credit card transactions.
The Everyday Spending Credit Card by Lloyds Banks comes with several benefits that serves this purpose. Moreover, a bank as reputed as Lloyds guarantees strong security, efficient customer surface, and global reach.
If you are looking for a credit card that caters to your everyday spending at a low rate, then you can try the Llyods Bank Everyday Spending Credit Card. Here is a detailed guide as to how you lay your hands on this card, along with its key benefits.
Features and Benefits of the Card
Even though Lloyds offers a distinguished card for Balance Transfers, the Everyday Spending Credit Card doubles up as a balance transfer card as well. Moreover, you get ample opportunities to earn exciting rewards in exchange for purchasing a diverse range of goods and services.
Through its ClickSafe service, the bank ensures that you are the only person who is using your card. Furthermore, the complete security of your card is verified, allowing you to make protected transactions without any worries.
With a modern online banking system and a customer-friendly interface, you can check your credit balances, transactions, and other financial activities from any device while you are on the go. Furthermore, there is a mobile app that provides you constant updates about managing your account.
Easy and Contactless Payments
You can simply link your phone number to your card details to initiate contactless payments through your Lloyds Everyday Spending Credit Card. This eases out the process of payments while saving your time as well!
Furthermore, you can set up paperless statements. You are intimated from time to time when the newest one is ready to be viewed.
Fees and Charges
The Lloyds Everyday Spending Credit Card is a low rate card that helps you manage your finances in a budget. Furthermore, there is no interest charged on annual fees.
Apart from that, there is no interest charged on purchases made during the last statement period if you pay off your full balance. However, if there is any delay in payment of your credit card bills, there is a minimum late fee of £12.
How to Apply?
Owing to technological advancements, the cumbersome procedure of physically applying for credit cards has changed. Now, you can easily apply for the credit card of your choice by visiting the website of the bank.
However, before you initiate the online application process, we recommend you go through the eligibility criteria. Furthermore, you should keep the required documents handy so that your application process is smooth.
In case you do not match the basic eligibility requirement mentioned below, you are unlikely to be successful in applying for the credit card. In order to avoid such a situation, the bank provides an option to check your eligibility for free without affecting your credit score.
- An applicant must be at least 18 years of age or older.
- You must ensure that you have a regular source of income.
- You must be a resident of the United Kingdom.
- You are not currently declared bankrupt, have any county court judgments, or subject to an individual voluntary agreement.
- You have not applied for a Lloyds Credit Card in the last 30 days and have been declined.
How to Progress?
The website provides for a systematic process to check your eligibility for application under the One Check, the credit card eligibility checker.
Click on the ‘Check your Eligibility’ option to initiate the process. Thereafter, you are directed to a page that has a five-minute survey asking you about your personal and financial details. Enter the required details accurately under particular categories.
In light of the COVID-19 pandemic, there are certain extra formalities that you might have to undergo with respect to your income and spending details. State those details as per the changes that have occurred due to the pandemic.
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Lloyds Everyday Spending Credit Card has definite advantages for its customers as it’s a low rate credit card, with no interest on annual fees. Furthermore, it is extremely easy to apply for one, especially online.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.