Lloyds to refund 1,000 card purchases a week The overall scheme, entitled Everday Offers, gives customers up to 15pc cashback on everyday spending at a range of participating retailers, including Ocado, Homebase, Morrisons and Argos. More retailers will be confirmed in the coming weeks. This is similar to a cashback offer run by its sister bank, Halifax. The It's On Us element, though, is entirely innovative. It will repay 1,000 transactions each month by repaying a purchase they have made on either their credit or debit card. The transactions will be selected at random, so a customer could be rewarded more than once, although the probability of this occurring is very small. "Whether it's a weekly shop, meal out, cup of coffee or even a holiday - one thousand purchases a week will be repaid up to the value of £500," the bank said in a statement. Customers will be informed if they have been randomly selected within a few days of the customer making the transaction. The value of the purchase up to £500 will be credited to their current account the following month. Both aspects of the scheme will be up and running by the end of November. Philip Robinson, director of current accounts at Lloyds, said: "We want our customers to feel rewarded for the sorts of things they spend on everyday. They can earn cashback from places where they shop, and thousands of customers every month will get a nice surprise when we will tell them that their shopping is on us. Halifax offers a similar cashback scheme, giving customers up to 15 per cent cashback on shopping across many of the stores partnered with Lloyds, including Argos, Homebase and Morrisons. Reward current account holders or Ultimate Reward current account holders are eligible for the cashback programme. State-backed banks RBS and NatWest pay 1pc on all spending on the respective current account debit cards. Santander offers a more limited cashback scheme, with its 123 current account paying 1pc cashback on water, council tax bills and Santander mortgage payments; 2pc on gas and electricity bills; and 3pc on mobile phone, home phone, broadband and TV packages. More: Lloyds Current Accounts More: RBS Select Current Account More: NatWest Current Account