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Tesco Bank launches a new marketing leading low APR credit card

Tesco Bank has today added a low APR option to its Clubcard Credit Card range, offering customers a market leading* 7.8% APR representative on purchases and 3 months 0% interest on purchases from account opening.

As an additional reward, Clubcard Credit Card customers receive Clubcard points on their spending – gaining 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 earn additional points**.

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

“This new option combines the comfort of a low APR with the additional value of 3 months 0% on purchases. We aim to give our customers peace of mind as well as rewarding their loyalty, and we are pleased to be increasing the range on offer to do so.”

--ENDS--

For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors:

* Information accurate at 18/09/12:

Current Placing Provider Rate   
New Tesco Bank 7.8%
1st Sainsbury’s Bank 7.8%
2nd Sainsbury’s Bank cashback 7.8%
3rd Barclaycard 7.9%
4th RBS/Natwest 9.9%

 

 

 

 

 

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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