If you’re looking for a premium credit card with robust travel perks and everyday rewards, the Lloyds Bank World Elite Mastercard® may be the ideal choice. Issued by Lloyds Bank, one of the UK’s most prominent financial institutions, this card targets high-income individuals seeking exclusive experiences, strong cashback offers, and extensive international benefits.
In this article, we provide a complete overview of the Lloyds Bank World Elite Mastercard®, including its advantages, potential drawbacks, eligibility requirements, key features, and a step-by-step guide to applying.
Main features of the Lloyds Bank World Elite Mastercard®

The World Elite Mastercard® is a high-tier credit card, above the Gold and Platinum levels, offering a premium range of services. It operates on the Mastercard network, ensuring wide global acceptance, and includes both Mastercard’s own perks and Lloyds Bank’s exclusive benefits. The card has a fixed monthly fee of £15 (equivalent to £180 annually), with no option for fee waivers. However, the array of benefits may justify the cost for frequent travelers and high spenders.
Eligibility requirements
To apply for the Lloyds Bank World Elite Mastercard®, you must be a UK resident aged 18 or over and meet the bank’s credit criteria. While Lloyds Bank does not publicly state a minimum income requirement, the premium nature of the card implies it is aimed at those with higher income levels and good credit histories. Lloyds Bank offers a tool called One Check, which allows you to check your likelihood of approval without impacting your credit score. It also shows your estimated credit limit upfront.
Benefits of the Lloyds Bank World Elite Mastercard®
This card offers a generous cashback program. You earn 0.5% on annual purchases up to £15,000, and 1% on spending beyond that threshold. Cashback is credited monthly to your account and includes purchases made by any additional cardholders at no extra cost. In terms of travel, the card stands out. You receive complimentary Priority Pass membership, granting access to over 1,300 airport lounges worldwide.
Exclusive highlight
One of the most remarkable features of the Lloyds Bank World Elite Mastercard® is the absence of foreign exchange fees for the first 60 months after account opening. This makes it highly attractive for international travelers and those who frequently make purchases in foreign currencies, avoiding the standard 2.95% foreign transaction fee — which applies after the promotional period ends.
Drawbacks and considerations of the Lloyds Bank World Elite Mastercard®
Despite its many strengths, the card may not be ideal for everyone. The £15 monthly fee can be expensive for users who don’t travel often or spend enough to maximize the cashback benefits. If you tend to carry a balance, the representative APR of 55% variable can also be a significant cost factor.
Moreover, not all users will find value in the travel benefits, particularly if they rarely fly or prefer low-fee cards with simpler reward structures. It’s also worth noting that cash withdrawals incur fees and interest charges from the date of withdrawal, even during promotional periods.
Step-by-step application process
Applying for the Lloyds Bank World Elite Mastercard® is simple and digital. First, you can use One Check to see if you’re likely to be accepted. If you proceed, you’ll fill out an application form with your personal and financial information. The bank will conduct a credit check, and you should receive a decision shortly after. To enjoy full access to your benefits and track your cashback, Lloyds recommends registering for Internet Banking and downloading their Mobile Banking app.