Lloyds Ultra: 1% first-year cash back and no foreign transaction fee

Lloyds’ current Ultra Credit Card page states that eligible card purchases earn 1% cash back during the first year from account opening and 0.25% after that. It also states that Lloyds does not charge a fee when the card is used for purchases in a foreign currency and that the card has no monthly account fee. Other charges can still apply, cash withdrawals can accrue interest from the withdrawal date, and a cash-machine operator may impose its own fee. To continue earning cash back, the cardholder must make at least the required minimum payment on time each month. Verified from Lloyds’ public first-party page on September 2, 2026.