Overview
- Lloyds began sending replacement Visa credit cards in mid‑July as part of a plan first announced in 2024 to move about 10 million cards from Mastercard to Visa.
- Customers must activate the new Visa cards and manually update any payments saved on apps or merchant sites because Lloyds says the new card numbers, expiry dates and security codes will not update automatically.
- The bank says the migration will finish by the end of the year and that core account features such as credit limits, payment dates and PINs will remain unchanged.
- Lloyds describes the change as an expanded partnership with Visa that will enable new products and security features, and Visa highlighted recent technology investments and fraud‑fighting tools.
- Practical risks for cardholders include declined or blocked payments if stored details are not updated and a short window between arrival of the new Visa and expiry of the old Mastercard, so customers should check arrival and update recurring payments or contact Lloyds if problems occur.