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Tesco Bank introduces 25 month 0% period on balance transfers

Tesco Bank has introduced a new 0%, 25 month period, for balance transfers on the Clubcard Credit Card. This new balance transfer period is available with a highly competitive fee of 2.9% and gives customers the additional value of 0% interest on purchases for three months.

Tesco Bank has introduced a new 0%, 25 month period, for balance transfers on the Clubcard Credit Card. This new balance transfer period is available with a highly competitive fee of 2.9% and gives customers the additional value of 0% interest on purchases for three months.

As a thank you, Clubcard Credit Card customers receive Clubcard points on 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*.

Will Curley, Credit Card Director at Tesco Bank, commented,

“The Clubcard Credit Card regularly tops best-buy tables and increasing our balance transfer offer reflects our ambition to consistently provide good value products that combine great customer service and reward our customers’ loyalty.”

--ENDS--

For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors:

*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 2 options to customers:

  • 0% on Balance Transfers for 25 months (2.9% Fee )with 0% on purchases for 3 months from account opening,
  • 0% on purchases for 16 months with 0% on balance transfers for 9 months (2.9% fee) from account opening.

Customers can transfer 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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