Lloyd's ultra visa

ccluedo

Noticed the above on MSE Newsletter. 
1% cashback on ALL spending (incl overseas) for a year.
Applied for and approved last night. Saves me messing around buying certain things with Chase and others with Nationwide, and their respective cash back limits.
Also keeps what I usually spend with those earning interest until due date. 

Paul_01

Fee free spending abroad too.

Nice to have alongside the Amex cashback card, though it won't get much use after the first 12 months for me.....unless they extend the cashback beyond 12 months.

ccluedo

Paul_01 said:

Fee free spending abroad too.

Nice to have alongside the Amex cashback card, though it won't get much use after the first 12 months for me.....unless they extend the cashback beyond 12 months.

Same here. 

EarthBoy

Paul_01 said:

Fee free spending abroad too.

Nice to have alongside the Amex cashback card, though it won't get much use after the first 12 months for me.....unless they extend the cashback beyond 12 months.

The cashback is permanent, it just reduces to 0.25% after 12 months.  

ccluedo

EarthBoy said:

Paul_01 said:

Fee free spending abroad too.

Nice to have alongside the Amex cashback card, though it won't get much use after the first 12 months for me.....unless they extend the cashback beyond 12 months.

The cashback is permanent, it just reduces to 0.25% after 12 months.  

Yes, but not enough to keep me or many others on board. Extending the 1% would tho and I think that's what Paul 01 meant. 

Paul_01

ccluedo said:

EarthBoy said:

Paul_01 said:

Fee free spending abroad too.

Nice to have alongside the Amex cashback card, though it won't get much use after the first 12 months for me.....unless they extend the cashback beyond 12 months.

The cashback is permanent, it just reduces to 0.25% after 12 months.  

Yes, but not enough to keep me or many others on board. Extending the 1% would tho and I think that's what Paul 01 meant. 

Correct!

At .25%, it's not worth keeping. Amex give me 1.25% once the minimum spend has been hit.

osmarks

Lloyds can't give you (much) more than 0.25% sustainably. They make 0.3% in interchange revenue. AmEx gets more because of quirks of the EU regulations on that. 

Paul_01

osmarks said:

Lloyds can't give you (much) more than 0.25% sustainably. They make 0.3% in interchange revenue. AmEx gets more because of quirks of the EU regulations on that. 

They have more margin to play with largely due to being the card issuer and transaction processor, unlike Lloyds (and other banks).

mta999

Santander give you 1% although admittedly the is a three or four pound fee

SussexBoy

My advice is ditch the Lloyds Credit Card or any other Halifax card the App issues I have encountered with this card are literally not worth it far far better reliable reward cards available 212 Amex etc

Nasqueron

https://forums.moneysavingexpert.com/discussion/comment/81979170#Comment_81979170

It would be helpful to explain the context here - you refuse to use direct debit and have had issues with paying the Lloyds card in the Halifax app with a card. Other people who pay by direct debit or have a different phone etc will be different - your unique circumstance is not a reason to turn down 1% cashback