Credit Card (UK)
How to apply for the Lloyds Bank Platinum Low Rate Credit Card?
Check out how simple it is to apply for a Lloyds Bank Platinum Low Rate Credit Card and enjoy ongoing low rates with no annual or monthly fees.
by Aline Augusto
Apply for a Lloyds Bank Platinum Low Rate Credit Card: prequalify with no impact on your credit score
Fortunately, you can apply for the Lloyds Bank Platinum Low Rate Credit Card with no harm to your credit score.
The bank offers prequalification so that you can check eligibility within minutes.
Also, the card comes with a good range of benefits, including:
- Fantastic customer service reviewed by its clients;
- No annual or monthly fees;
- No fees on a replacement card, an additional card, a duplicate statement, an exceeding limit, and inactivity;
- Low variable ongoing rates of 10.9%.
Of course, this Platinum Mastercard is suitable for those who are looking to minimize costs with versatility and security.
Thus, check out how to apply for a Lloyds Bank Platinum Low Rate Credit Card.
Online Application Process
You can only apply for this credit card using the official Lloyds Bank website. Before applying, check your eligibility, though.
Therefore, you can see if you would be eligible with no impact on your credit score. Also, it is important to note the following requirements:
- You must be at least 18 years old and living in the UK;
- You must be free of Individual Voluntary Agreements (IVAs), County Court Judgements (CCJs), and bankruptcies;
- You need to be employed;
- You must not have been declined for a Lloyds Bank card within the last 30 days.
Unfortunately, students cannot apply for this Mastercard.
The application takes about five minutes, and you need to provide your annual income, address from the last three years, employment status, spending commitments, bank sort code, and account number.
Lastly, you can check your estimated credit limit in advance after prequalifying for this Lloyds Bank Platinum Low Rate Credit Card.
You will be redirected to another website
Application Process using the app
After applying for the card mentioned above, download the Lloyds app to manage your account.
Lloyds Bank Platinum Low Rate Credit Card vs. American Express Platinum Cashback Everyday Credit Card
However, if you want to earn rewards and a welcome bônus, you may love to find out more about the American Express Platinum Cashback Everyday Credit Card.
Check out the comparison before applying, though.
|Lloyds Bank Platinum Low Rate Credit Card||American Express Platinum Cashback Everyday Credit Card|
|Credit Score||Not disclosed||Good – Excellent|
|APR||10.94%||28.1% (variable) |
Rates & Fees
Rates & Fees
|Fees||Minimum monthly payment: |
£5 or 2.5% of the total amount of interest, default charges and fees plus 1% of the outstanding balance;
Balance transfer fee: 5%;
Foreign transaction fee (EU): 2.95%;
Foreign transaction fee (other countries): 2.95%;
Late payment fee: £12;
Cash advance fee: 5% (minimum – £0)
|Cash advance: 3% (£3 minimum)|
Balance and money transfer Fee: 3% of the amount of the transfer
Copy statement fee: £2 for each additional copy
Foreign usage: non-sterling transaction fee – 2.99%
Late Payment: £12
Returned Payment: £12
Rates & Fees
|Welcome bonus||None||5% cashback on purchases within the first 3 months (up to £100)|
|Rewards||None||0.5% cashback on spend (up to £10,000 within a year);|
1% cashback on spend (above £10,000 within a year)
Then, learn how to apply for the American Express Platinum Cashback Everyday Credit Card.
How to apply: AMEX Platinum Cashback Everyday
It is time to learn how easy it is to apply for an American Express Platinum Cashback Everyday Credit Card and earn cashback on everything!
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