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Summary box - Lloyds TSB Airmiles Duo Premier Credit Card account

Return to the Lloyds TSB Airmiles Premier Credit Card account information

Summary box - Lloyds TSB Airmiles Duo Premier Credit Card account
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR Typical 20.3% APR variable
Interest Rates   Introductory rate Monthly rate Simple annual rate Effective annual rate
Purchases N/A 1.094% 13.128% 13.9%
Cash withdrawals N/A 2.075% 24.900% 27.900%
Balance transfers 0% p.a. for 6 months on Balance Transfers you make in the first 6 weeks after we open your account. If you make at least £100 of Purchases in the first 3 months after we open your account this rate is fixed for 6 months from the date the transferred balance is put on your account. Otherwise, this rate is fixed until 6 months after we open your account. 1.094% 13.128% 13.9%
Interest-free period We may apply the standard interest rate during any special promotion period to any transaction if in any month you do not make at least your minimum payment by the minimum payment date or if you exceed your credit limit at any time. Maximum 56 days for purchases if you pay the full balance shown on your previous and current statement on time.
Interest charging information

You will not pay interest on new purchases if you pay the full balance shown on your previous and current statement on time. Otherwise, the period over which interest is charged is as follows:

Interest charging information
  From Until
Purchases date debited to your account paid in full
Cash withdrawals date debited to your account paid in full
Balance transfers date debited to your account paid in full
Allocation of payments

If you don't pay off your balance in full your monthly payment reduces your balance in this order:

  • Interest
  • Charges listed in conditions 8 and 9 (other than your annual fee, if applicable) - see the Charges and Default charges sections below for details of these charges.
  • Payment Protection Cover premiums (if applicable)
  • Balance Transfers and Cheques at 0%
  • Other promotional Balance Transfers and Cheques, in the order they were added to your account
  • Balance Transfers and Cheques charged at the standard rate
  • Purchases (and your annual fee if applicable), in the order in which they are added to your account
  • Cash Withdrawals
  • All other amounts
Minimum repayment

You must make a minimum payment by the payment date every month of:

  • 2% of the balance shown in your statement (minimum £5, or the full balance if less than £5); or, if it is more
  • an amount equal to the total of interest, any late payment, over limit or returned payment charges, the Payment Protection Cover premium shown in your statement and 0.5% of the balance shown in your statement.
  • You can always pay more if you want to.
Credit limit Minimum credit limit £3,500. Your cash limit is 50% of your actual limit.
Maximum credit limit subject to status
Fees An annual fee of £50 if you do not hold a Lloyds TSB Premier current account.
Charges Cash withdrawals 3% or minimum £3
Balance Transfers 3% for each individual Balance Transfer
Credit card cheques 3% or minimum £3.00 for each individual cheque.
Foreign currency transactions 2.95% of the amount of the sterling transaction value.
Copy statements £6 for copies of non-current statements.
Copies of transactions £5 for each copy of a record of a transaction.
Default charges Late Payment charge, Returned Payment charge and Overlimit Charge £12
These details are correct on 1 November 2009

Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a direct debit for any fixed amount over the minimum payment by calling 0845 606 2172. Lines are open Monday-Friday 8am-10pm, Saturday-Sunday 8am-6pm.

The following example highlights the difference between only paying the minimum and paying a fixed amount.

For a purchase of £1,000 on your Lloyds TSB Airmiles Duo Credit Card account... 

Monthly payment information
Monthly Payment If you pay the Minimum Payment each month If you pay £50 each month
Without taking into account any introductory rates, how much interest will you be charged in the first year? £126 £105
How much interest will you be charged in the second year? £113 £38
How long would it take to clear the balance? 19 years 2 years

The above example assumes the following:
– The transaction takes place on 1 January and you make no further transactions.
– You always make the payment each month on the 15th.
– Your statement is produced on the 1st of each month.
– This is a simple example and does not account for any annual fees or introductory rates.

Lloyds TSB Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Authorised and regulated by the Financial Services Authority.

The Lloyds TSB Airmiles Duo American Express® Card is issued and administered by Lloyds TSB pursuant to a license from American Express®

Premium Card Companion Fare

  • One Companion Ticket will be awarded per customer per year subject to a minimum credit card spend of £15,000 per year. £15,000 spend threshold excludes balance transfers, refunded purchases, interest, fees and other charges.
  • To qualify for a Companion Ticket the cardholder must have spent a minimum of £15,000 in the 12 months preceding the anniversary of opening the Lloyds TSB Duo Premier Credit Card account. In each subsequent year cardholders will qualify if, they have spent a minimum of £15,000 in the preceding 12 months. Companion tickets are limited to one per year. A year will commence on the anniversary of the credit card account.
  • Cardholders will be notified if they have qualified for a Companion Ticket via a voucher on their Airmiles online account approximately 4 weeks after reaching the spend threshold of £15,000
  • Companion Tickets must be booked online by visiting www.airmiles.co.uk. For queries please contact 0844 49 333 99
  • The Companion ticket voucher will be valid for a period of 12 months. Your booking must be made within 12 months after which time the Companion Ticket voucher will expire.
  • Companion Tickets are available on British Airways flights only when used in conjunction with economy class bookings that are purchased with Airmiles. Cash-only purchases shall be excluded. British Airways routes are subject to change and availability.
  • Cardholders use of Companion Tickets will be limited to one ticket per booking.
  • The 'Companion' must travel to the same destination as the cardholder and be accompanied by the cardholder in order to take advantage of the Companion Ticket.
  • Companion Tickets cannot be used in conjunction with any other offer are non-transferable, non refundable and are strictly subject to availability.
  • Neither the Bank nor Airmiles can guarantee that a Cardholder will be able to use a 'Companion Ticket' on a particular flight.
  • Airmiles reserve the right to withdraw or amend this offer upon providing reasonable notice.
  • Airmiles cannot accept responsibility for problems arising from computer malfunctions viruses or bugs or other such causes, which may prevent you from taking advantage of this offer.

Return to the Lloyds TSB Airmiles Premier Credit Card account information

Terms and conditions

Customers who apply through Airmiles and are accepted for the Lloyds TSB Airmiles Duo Credit Card Account before 30 September 2010 will be eligible for the 1,500 mile voucher if they make a £10 Eligible purchase on their Airmiles Duo American Express Card before 30 November 2010. The £10 Eligible purchase must be completed in one transaction. For all bookings using the voucher the outbound journey must be completed by the 31 May 2011 after which time the voucher will expire. 1500 mile voucher cannot be used in conjunction with any other offer. An eligible purchase does not include cash withdrawals; money transfers; cheques; interest, fees or charges; Payment Protection Cover; transactions at casinos, betting outlets or bookmakers; or payments to offline or online current, savings, sharetrading, spread betting, gambling or other similar accounts. Customers will only be eligible for one joining bonus from Airmiles. In the event that a customer re-applies for the Lloyds TSB Airmiles Duo Credit Card Account, Lloyds TSB may process an application and issue the Lloyds TSB Duo cards but Airmiles will not award a further bonus offer. 1,500 miles will show on the customer's Airmiles account as a voucher within 30 days of receiving their first credit card statement detailing the Eligible purchase and will not form part of the Airmiles balance. Once on the account the voucher may be used as full or part payment towards flight or Eurostar bookings on any Airmiles route. At the time of booking travel a minimum of one night's accommodation must be booked through Airmiles in the country of origin, or destination, within the specified dates of travel. Customers may book tickets for more than one passenger but the voucher can only be used for a single booking. If all the miles are not used in a single transaction then the unused Airmiles will expire immediately. Eurostar bookings must be made via our customer contact centre, travel can be booked up to 120 days in advance. Bookings are strictly subject to availability. Eurostar fares may vary. Airmiles bookings are strictly subject to availability and Airmiles Customer and Booking Terms and Conditions and our Carriers' Conditions of Carriage. Seats available to us may be limited on some routes - especially in peak periods. Zones and prices are correct at time of going to print, but subject to change. Examples shown are return economy from London. For direct international flights from regional airports, add 500 miles (if direct flights aren't available, connecting flights may be booked by calling 0844 49 333 49).

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