Tesco Clubcard Credit Card increases 0% purchase offer to 13 months
27 July 2010
Tesco Clubcard Credit Card has today introduced a new 0% offer on all purchases for 13 months for new customers. This is the longest introductory 0% purchase offer currently available in the UK credit card market. The credit card also offers an introductory rate of 0% on balance transfers for nine months (2.9% fee applies).
Alongside the new rates, Tesco Clubcard Credit Card offers customers Clubcard points on whatever they buy, wherever they buy it. Cardholders receive 1 point for every £4 spent on their credit card regardless of where they shop*. The card also doubles as a Clubcard when used on spend in Tesco stores so customers will also collect standard Clubcard points when they spend on their Clubcard Credit Card instore or online. Plus, with Tesco’s popular double points initiative, customers are able to collect points quicker than ever**.
If a customer spends £75 per week over 10 weeks in a non-Tesco store using their Tesco Clubcard Credit Card, they would collect up to 187 Clubcard points. If they were to spend the equivalent on groceries over 10 weeks in a Tesco store, they would receive up to 1,500 points with the double points initiative and in addition, up to 187 points for using their Tesco Clubcard Credit Card, making this the easiest way to collect even more points. The total of 1687 points equates to £16.87 in Clubcard vouchers.
Tesco Clubcard Credit Card holders also get a 10% discount on Tesco Travel Insurance*** and can enjoy no cash advance fee on Tesco Travel Money when paying with their card.
David McCreadie, Commercial Banking Director at Tesco Bank said,
“Around one in ten credit card purchases in the UK are now made on a Tesco credit card. Our customers tell us that they value earning Clubcard points wherever they use the card. By extending our 0% purchase offer, our cardholders will benefit from the longest introductory free purchase offer currently available in the UK as well as earning points whenever they use the card.”
More information on Tesco Clubcard Credit Card is available online.
* Must have available credit. 1 point for every £4 spent (£4 min). Points earned on purchase transactions only.
** Tesco’s double points initiative doubles rewards, giving customers two points, worth one penny each, for every pound they spend across the store and online
***10% discount applies to new customers buying annual Tesco Travel Insurance policies bought with a Tesco Credit Card over the phone and quoting reference “6300”.
For more information and media enquiries please contact:
Tesco Bank press office
+44 (0) 131 274 3630
Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. Tesco Bank participates in the Chartered Banker Professional Standards Board.
Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ