Lloyds TSB

The Lloyds TSB is a bank, which is owned by the Lloyds Bank and the TSB. The Lloyds Bank started way back in 1765, by Sampson Lloyd and John Taylor in Birmingham, England. Their sons followed their footsteps and formed the Barnetts Hoares Hanbury and Lloyd and it was headquartered in London’s busy Lombard Street. Finally, it became the Lloyds Banking Company.

In the last few decades, the Lloyds Bank has gone through a process of multiple mergers and acquisitions with the inclusion of the likes of the Wilts and Dorset Bank and the Capital and Counties Bank. In 1988 they shifted from banking into life insurance with a strategic alliance with the Abbey Life Insurance Company and this created the Lloyds Abbey Life company.

The merger with the TSB group took place on 28 December, 1995 and by September 1996; Lloyds Abbey Life became a completely-owned subsidiary of the Lloyds TSB Group.

TSB

The TSB group was formed in 1810, by Reverend Henry Duncan of Ruthwell, Dumfriesshire. He set up this bank so that it could help the poor parishioners to save money for using during hard times. The scheme caught like wild fire and became extremely popular and by 1818, the bank had 465 savings accounts in Britain and this includes 182 from Scotland.

The Lloyds TSB bank has quite a few popular credits cards and some of them are:

The Air-miles Duo Credit Card

• You can collect Air miles by using your credit card
• You can use these miles on hotels, other flights and even holidays or booking vacations.
• You get the convenience of using two cards, which is the Lloyds TSB MasterCard as well as the Lloyds TSB American Express.
• Although the benefits are of two cards, you get one account with one PIN number and one account statement.
• The normal APR is 15.9%
• There is no annual fee on the credit card
• You can collect 1 mile for every £10 spend using your Lloyds TSB American Express Card.
• You can collect 1 mile for a spend of £50 using your Lloyds TSB MasterCard.

The Platinum MasterCard Credit Card

• There is a 0% interest applicable on all balance transfers within 9 months from the date of issue. There is a 3% fee applicable
• The normal APR is 15.9% APR
• Note: The monthly payments as per your statement will reduce the balance transfers initially so that you are able to pay the interest on all your purchases. It applies a standard rate till the time the balance transfers are not completely paid off.
• The normal APR is 15.9%
• You will also get a free additional card with the Platinum MasterCard
• You can choose your own special PIN number and all you have to do is visit the Lloyds TSB Cash point to activate it
• The card comes with a Payment Protection Cover, which will provide you protection if against accidents and illnesses. Your monthly payments will be covered by the bank for a certain period.