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The Lloyds Bank World Elite Mastercard is designed for frequent travelers and offers a range of premium benefits. Cardholders earn cashback on purchases—0.5% on amounts up to £15,000 annually, and 1% on spending beyond that. The card carries a monthly fee of £15 but provides significant travel perks to offset this cost.

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Among its standout features is the complimentary Priority Pass Membership, offering unlimited access to over 1,300 airport lounges worldwide. It also includes Fast Track airport security at selected airports. These benefits, combined with cashback rewards, make the card appealing to those who prioritize luxury and convenience in travel.

Lloyds Bank World Elite Mastercard Benefits

The Lloyds Bank World Elite Mastercard is tailored for high-income individuals who frequently travel and desire additional perks with their credit cards. It offers several benefits that cater to those who value premium services, whether they are at home or abroad.

The card combines cashback rewards with a comprehensive suite of travel benefits, making it a versatile option for frequent travelers. Below are some of the standout benefits offered by this card:

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Cashback Rewards

This card provides a cashback program that rewards cardholders on their everyday purchases. You can earn 0.5% cashback on spending up to £15,000 annually, and 1% cashback on any amount above £15,000.

These rewards are credited directly to your account, allowing you to offset some of the monthly fee costs.

Priority Pass Lounge Access

One of the most attractive perks of the Lloyds World Elite Mastercard is the inclusion of Priority Pass Prestige membership, which grants unlimited access to over 1,300 airport lounges worldwide. These lounges provide a comfortable space to relax, with complimentary refreshments and amenities such as Wi-Fi, making travel more convenient and luxurious.

Fast Track Airport Security

With this card, you also gain access to Fast Track airport security at select UK airports, helping you bypass long queues and save time at busy airports. This service is provided through DragonPass and can be used by booking in advance at participating airports like Gatwick, Luton, and Manchester.

Priceless Experiences

Cardholders can also take advantage of Mastercard’s Priceless Experiences, which offer exclusive access to events, experiences, and deals both in the UK and globally.

These unique opportunities could range from cultural events to luxury dining experiences, adding extra value beyond the standard card benefits.

Additional Cardholder Benefits

You can share the card’s perks with a secondary cardholder at no additional cost. This second cardholder will also receive their own Priority Pass membership and can help accumulate cashback, enhancing the overall value for families or couples who travel frequently.

Mobile Banking and Account Management

The card comes with comprehensive mobile banking features, allowing you to manage your account, track spending, and access travel benefits from your smartphone. This level of convenience ensures that you can stay in control of your finances wherever you are.

Prerequisites to Obtain the Lloyds Bank World Elite Mastercard

To apply for the Lloyds Bank World Elite Mastercard, you need to meet specific eligibility requirements. The main conditions are as follows:

  • UK Residency: You must be a UK resident to apply for this card.
  • Age: Applicants must be at least 18 years old.
  • Income: You need to have a regular annual income. The bank does not specify a minimum income threshold, but a steady income is required to ensure your financial stability.
  • Credit History: You must be free of any County Court Judgements (CCJs), Individual Voluntary Agreements (IVAs), or bankruptcies. A clean credit history is essential.
  • Employment Status: The card is not available to unemployed individuals or students.
  • Recent Applications: You should not have been declined for a Lloyds Bank credit card within the last 30 days.

Additionally, before applying, it is recommended to check your eligibility using Lloyds’ One Check tool, which helps you see the cards you are likely to be approved for without affecting your credit score.

About Lloyds Bank

Lloyds Bank, one of the oldest financial institutions in the UK, was founded in 1765 by Taylors & Lloyds in Birmingham. Over the years, it has grown into one of the UK’s leading banking institutions, known for its extensive range of services catering to both individuals and businesses.

Lloyds Bank played a key role in financing British industries during the Industrial Revolution, which helped establish its solid reputation in the financial sector.

Today, Lloyds Bank is part of the Lloyds Banking Group, formed after the acquisition of HBOS in 2009. The group serves around 30 million customers and operates a wide network of over 500 branches across the UK.

The iconic black horse logo, first introduced in 1884, has become a symbol of the bank’s legacy and commitment to its customers.

Lloyds Bank offers a variety of financial products, including mortgages, savings, and credit cards, and it is particularly known for adapting to technological innovations, such as introducing the UK’s first Cashpoint machine in 1972.

Who is this Card for?

The Lloyds Bank World Elite Mastercard is aimed at individuals who travel frequently and prefer premium services that complement their lifestyle. This card is well-suited for customers who value travel benefits such as airport lounge access, fast-track security, and exclusive experiences, alongside earning cashback on everyday purchases.

With a monthly fee of £15, it is generally tailored to high-income earners who regularly engage in global travel and can make use of the extensive benefits offered.

Step by Step to Apply for the Lloyds Bank World Elite Mastercard

To apply for the Lloyds Bank World Elite Mastercard, follow these simple steps:

  1. Check Eligibility: use Lloyds Bank’s One Check eligibility tool. It will show you which cards you’re likely to be approved for without affecting your credit score. This process takes around five minutes. You can access it directly here.
  2. Complete the Application: once you confirm eligibility, follow the on-screen instructions to fill out the necessary details, including your personal and financial information. You will need at least three years of UK address history and details of your main bank account.
  3. Submit the Application: after submitting your form, Lloyds Bank will perform a full credit search, and you’ll receive a decision. If approved, you will receive your card and PIN by post.
  4. Manage Your Card: once you have the card, you can manage it via the Lloyds Bank Mobile Banking app, available for iOS and Android. This app allows you to track spending, manage benefits, and review your cashback earnings.

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Lloyds Bank World Elite Mastercard Pros and Cons

The Lloyds Bank World Elite Mastercard offers a blend of travel perks and cashback rewards but comes with a few drawbacks. Below are the main positives and negatives to consider when evaluating this card:

Pros

  • Cashback on Purchases: You earn 0.5% cashback on purchases up to £15,000 per year, and 1% cashback on spending above £15,000, which can accumulate for frequent spenders.
  • Priority Pass Lounge Access: The card includes unlimited access to over 1,300 airport lounges worldwide with a Priority Pass Membership. This alone is valued at around £419 annually.
  • Fast Track Security: Cardholders get Fast Track airport security at select UK airports, which helps bypass long queues, making travel more convenient.
  • Additional Cardholder Benefits: You can add a secondary cardholder for free, and they receive their own Priority Pass Membership, doubling the value of the lounge access.
  • Travel Experiences: The card offers Mastercard Priceless Experiences, granting access to exclusive events and deals worldwide.
  • Mobile Banking: It is easy to manage the card and track spending via the Lloyds Bank Mobile Banking app, available on both iOS and Android platforms.

Cons

  • Monthly Fee: The card comes with a £15 monthly fee, adding up to £180 per year. This fee may be difficult to justify if you don’t travel often enough to use the lounge benefits.
  • Foreign Transaction Fees: Despite being marketed as a travel card, it charges a 2.95% foreign transaction fee on purchases made abroad, which can add up for frequent international travelers.
  • APR on Purchases: The card has a 22.94% variable APR on purchases, which is higher than many other cards in the UK.

Overall, the card is ideal for travelers who would make full use of the lounge and Fast Track benefits. However, the high fees and foreign transaction charges might be a drawback for others.

How to Activate the Lloyds Bank World Elite Mastercard?

To activate your Lloyds Bank World Elite Mastercard upon receiving it, follow these steps:

  1. Online Activation: visit the Lloyds Bank website and navigate to the card activation page. Enter your card number, date of birth, and card expiry date to complete the activation.
  2. Mobile App: alternatively, you can activate your card via the Lloyds Bank Mobile Banking app. Log in, select the “Credit cards” section, and choose the “Activate credit card” option. Confirm your card details and your card will be ready for use.
  3. First Transaction: for security reasons, you’ll need to make your first purchase using the Chip and PIN feature before contactless payments are enabled.

Once activated, your card can be used immediately for online and in-store purchases.

Lloyds Bank World Elite Mastercard Fees and Tariffs

The Lloyds Bank World Elite Mastercard comes with several costs and fees associated with its premium services. Here’s a breakdown of the main charges:

  • Monthly Fee: The card carries a £15 monthly fee, which totals £180 per year. This fee covers the premium benefits, including cashback rewards, lounge access, and travel perks.
  • Interest on Purchases: The card has an interest rate of 22.94% p.a. variable on purchases. If you carry a balance on your account, this is the rate applied.
  • APR: The representative APR is 55.0% variable, calculated based on an assumed borrowing of £1,200 with the monthly account fee.
  • Foreign Transaction Fees: There is a 2.95% foreign transaction fee for purchases made abroad. This could add up if you frequently use the card outside the UK.
  • Cash Advance Fees: If you use the card to withdraw cash, you will incur a fee of 3% of the amount withdrawn or £3, whichever is higher.
  • Late Payment Fee: A fee of £12 is applied if you miss your monthly payment.
  • Balance Transfer Fee: Balance transfers attract a fee of 3%, though there may be promotional offers available depending on when you apply.

Customer Service

To get assistance with the Lloyds Bank World Elite Mastercard, here are the official contact methods you can use:

Website: You can find more details and apply for the card via their official page.

Customer Service – Lost or Stolen Cards:

  • Phone: 0800 096 9779 (UK) or +44 1702 278 270 (outside the UK).
  • New customers: 0345 603 7239 or +44 207 481 2614 from outside the UK. Lines are open from 9 am to 5 pm, Monday to Friday, and closed on bank holidays.

General Credit Card Inquiries:

  • Existing customers: 0345 606 2172 or +44 1702 278 272 from outside the UK. Lines are open 8 am to 6 pm, 7 days a week, and closed on bank holidays.
  • Lines are open 8 am to 6 pm, 7 days a week (closed on bank holidays).

Messaging: You can also use their virtual assistant by tapping the “Chat to us” vertical button on the right side of the screen on the official website homepage, or message a human agent by logging into the Lloyds Bank mobile app or Internet Banking.

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