Tesco Bank extends 0% purchase offer to 18 months
15 January 2014
Tesco Bank has today announced a new 0% purchase offer on the Clubcard Credit Card. The Clubcard Credit Card will now be available to customers with an increased 0% purchase period of 18 months.
Tesco Bank Clubcard Credit Card options available:
|Clubcard Credit Card||0% interest on purchases period||0% interest on Balance Transfers (BT) period||BT Fee|
|Purchases option*||18 months||3 months***||2.90%|
|Balance transfer option*||3 months||29 months||2.90%|
|Low BT fee option*||12 months||12 months||0.85%|
|Low APR option**||3 months||3 months||N/A|
As an additional reward, 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.****
David McCreadie, Managing Director, Banking at Tesco Bank, commented,
"At Tesco Bank we constantly review our products to ensure we provide great value and rewards to customers. By extending this offer we are continuing to provide one of the most competitive cards on the market that rewards the loyalty of Tesco customers."
For more information and media enquiries please contact:
Tesco Bank press office
+44 (0) 131 274 3630
Notes to Editors:
* Representative example for these options: 18.9%APR representative (variable) - Based on a credit limit of £1,200 - Purchase rate 18.9% p.a. (variable).
** Representative example: 7.8%APR representative (variable) - Based on a credit limit of £1,200 - Purchase rate 7.8% p.a.(variable).
*** Previously 6 months
Your credit limit may vary depending on your circumstances. Tesco Bank, PO Box 27028, Glasgow, G2 9FT
Customers can transfer up to 95% of their credit limit. The Tesco Clubcard Credit Card is available to over 18s and UK residents only, subject to status.
****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.
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