Lloyds Ultra Credit Card

faj15

Just seen that Lloyds have released a new Cashback CC with both no FX and 0.25% cashback. 

https://www.lloydsbank.com/credit-cards/ultra.html

What are people's thoughts in comparison to the Barclaycard Rewards offering that is so often discussed around here?

35har1old

faj15 said:

Just seen that Lloyds have released a new Cashback CC with both no FX and 0.25% cashback. 

https://www.lloydsbank.com/credit-cards/ultra.html

What are people's thoughts in comparison to the Barclaycard Rewards offering that is so often discussed around here?

If you shop with Amazon you can apply for Amazon Barclaycard which pays 1% cash back on Amazon purchases and if your a Prime member 2% on Prime days it gives 0.5% everywhere else 
Cashback is via Amazon gift card
If you apply you will receive a £40 gift card 
Your would have to spend £4000 on the Ultra card to get £40

lr1277

35har1old said:

faj15 said:

Just seen that Lloyds have released a new Cashback CC with both no FX and 0.25% cashback. 

https://www.lloydsbank.com/credit-cards/ultra.html

What are people's thoughts in comparison to the Barclaycard Rewards offering that is so often discussed around here?

If you shop with Amazon you can apply for Amazon Barclaycard which pays 1% cash back on Amazon purchases and if your a Prime member 2% on Prime days it gives 0.5% everywhere else 
Cashback is via Amazon gift card
If you apply you will receive a £40 gift card 
Your would have to spend £4000 on the Ultra card to get £40

Sorry, by my reckoning you would need to spend £16k to get £40 cashback at 0.25%.

The fx free fee transactions will be very valuable to some people because some cards charge upto 3% for fx transactions.

OP sorry no idea about the Barclaycards. However I have seen posts on this forum and other forums:
1) in 2021 Barclaycard slashed the credit limits of some/many of their cardholders to a few hundred pounds each, without any warning.
2) anecdotes suggest Barclaycard CS can sometimes leave a lot to be desired.

Do you have experience of the customer service of either Barclaycard or Lloyds? Would this matter to you?

Edited to add:
i can’t tell if the Lloyds cards is a Mastercard or Visa. Certain retailer only accept one of the two, eg the Paris Olympics only accepted Visa cards.
This thread has some discussion about Barclaycard Rewards:


https://forums.moneysavingexpert.com/discussion/6623621/barclaycard-rewards/p1

WillPS

"1% cashback on all card purchases you make in the first year from account opening. After that, earn 0.25% cashback."

Great deal on a fee-free Mastercard. Be cautious putting any spend other than straight-forward counter/online purchases on it tho - LBG are probably the worst offender for treating categories of spend as "cash like", the most extreme example being a museum admission fee being treated as tax.

faj15

WillPS said:

"1% cashback on all card purchases you make in the first year from account opening. After that, earn 0.25% cashback."

Great deal on a fee-free Mastercard. Be cautious putting any spend other than straight-forward counter/online purchases on it tho - LBG are probably the worst offender for treating categories of spend as "cash like", the most extreme example being a museum admission fee being treated as tax.

Interestingly this is Visa now. I’ve also noticed that the Halifax Cashback CC is also now advertised as Visa. 

I’ve got a Lloyds Premier account and often max out my 1% cashback so for the next year this should be useful to keep larger spending at the same rate. 

EarthBoy

faj15 said:

Interestingly this is Visa now. I’ve also noticed that the Halifax Cashback CC is also now advertised as Visa. 

All Lloyds Banking Group cards are changing to Visa: 
https://www.lloydsbankinggroup.com/media/press-releases/2024/lloyds-banking-group-2024/lloyds-expands-partnership-with-visa.html#:~:text=24 June 2024&text=Lloyds Banking Group and Visa,of Scotland and MBNA brands.

jbrassy

I've had the Barclaycard Rewards for a few years and think it's a good card. However, I'm going away on holiday next week and this caught my eye. I already have a Lloyds Premier account and was pre-approved for this Ultra card with a £5600 credit limit. Went through with the application because 1% cashback on holiday spending for the next year is a nice little earner. Also a nice back-up to Amex. 

In the long term, while BC Rewards and Lloyds Ultra both pay 0.25%, I'll probably stick with Lloyds given Barclays customer service is terrible in my opinion. 

Paul_01

This is a nice back up to my Amex cards. I already have the Platinum credit card with Lloyds which has a sub 10% rate and fee free spending abroad. It doesn't have any cashback though.

I was offered the Ultra card, but could also see an option to swap my existing Platinum card with the same credit limit. Took 2 minutes to apply and the new card is on its way.

The Ultra has a slightly higher APR, but I don't pay interest on my cards so this isn't an issue.

My Amex cashback is at 1.25%, but this Ultra card is a good back up for places that don't accept Amex. At least for 12 months, anyway.