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Tesco Bank Clubcard Credit Card introduces new marketing leading purchase card

Tesco Bank has improved its Clubcard Credit Card range by introducing a new market leading 0% for 18 months purchase card, and a new highly competitive 0% for 27 months balance transfer card.

Customers can currently choose between three Tesco Bank Clubcard Credit Card options that all combine great value with the reward of Clubcard points.

Tesco Bank Clubcard Credit Card*:

Clubcard Credit Card 0% interest on purchases period 0% interest on Balance Transfers (BT) period BT Fee
Purchases option 18 months 9 months 2.9%
Balance transfer option 3 months 27 months 3.15%
Low BT fee option 12 months 12 months 0.9%


As a thank you, Clubcard Credit Card customers receive Clubcard points on all their spending receiving one point for every £4 spent on their card.  The Clubcard Credit Card also doubles as a Clubcard in Tesco stores allowing customers to earn five points for every £4 spent, making it the perfect way to spend and earn additional points**.

David McCreadie, Managing Director, Banking at Tesco Bank, commented,

"We aim to offer Tesco customers a choice of consistently competitive credit card options.  Our new leading purchase offer reflects this ambition by providing good value, and by rewarding our customers’ loyalty with the ‘thank-you’ of Clubcard points."

--ENDS--

For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors

*Information accurate at 07.00 01/07/13

**One Clubcard point is awarded per £4 spent in each purchase transaction (£4 minimum). Customers must have available credit. Clubcard points not received on balance transfers.

Points exclusions apply to certain products in Tesco stores – see tesco.com/clubcard for more information.

The Clubcard scheme is administered by Tesco Stores which is responsible for fulfilling points.

The Clubcard Credit Card currently offers 3 options to customers:

  • 0% on purchases for 18 months with 0% on Balance Transfers for 9 months (2.9% fee) from account opening.
  • 0% on Balance Transfers for 27 months (3.15% fee ) with 0% on purchases for 3 months from account opening,
  • 0% on Balance Transfers for 12 months (0.9% fee) with  0% on purchases for 12 months from account opening.

Customers can transfer up to 95% of their credit limit.

Representative example: 16.9%APR representative (variable) - Based on a credit limit of £1,200 - Purchase rate of 16.9% p.a. (variable).

Your credit limit may vary depending on your circumstances. The Tesco Clubcard Credit Card is available to over 18, UK residents only, subject to status.

About Us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. 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

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