ONE DAY LEFT to add your questions before the Forum 'Ask An Expert: Energy' event ends. Our expert MSE Andrew will answer some from Wed afternoon

MBNA / Lloyds Card Swap

fergie_ Forumite Posts: 124
Part of the Furniture 100 Posts Combo Breaker
I've noticed that Lloyds group seem to be offering 'card swaps' to existing card holders. The premise is that rather than opening a new card with another provider, you swap to a new deal (and they would transfer any existing balances to the new card's standard rate).

In theory it allows the existing credit limit to be kept and gives access to new deals (such as moving from a balance transfer card to a 0% spending card), but does anyone know if they do hard checks beyond the 'eligibility checker' and does it show on credit records as a new account having been opened?


  • Chrysalis
    Chrysalis Forumite Posts: 3,927
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The latter probably yes but its me speculating.

    They should inform you if they going to do a credit check.
Meet your Ambassadors


  • All Categories
  • 338.8K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.6K Spending & Discounts
  • 230.7K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 171K Life & Family
  • 244K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards