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Tesco Bank extends balance transfer offer to market leading 33 months

Tesco Bank is today introducing their longest ever balance transfer offer on credit cards, making it one of the most competitive deals available on the market. The bank will offer 0% interest on balance transfers for 33 months, meaning customers pay no interest on balances until mid 2017. Additionally, customers that want to make purchases on the card can get 0% interest on new transactions for three months.  

Tesco Bank Clubcard Credit Card offers:

  • 0% interest on balance transfers for 33 months, with a balance transfer fee of 2.9%
  • 0% interest on purchases for 3 months
  • Access to our new Mobile Banking App, making it easier for customers to manage their account
  • 0% interest rates apply from account opening

USwitch awarded Tesco Bank Credit Cards with three awards in 2014; the ‘Most Recommended’ Award, Best Overall Satisfaction Award and Best Value for Money Award.

Tesco Bank Clubcard Credit Card customers are rewarded with Clubcard points on their spending – receiving one point for every £4 spent on their card*, both in and out of Tesco stores. This means cardholders can collect points wherever they spend.

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

“We are proud to be launching this offer today, which makes our balance transfer credit card one of the most competitive currently offered on the market. At Tesco Bank we are committed to offering our customers great value, simple products that reward loyalty.  Today’s changes demonstrate this commitment, as we continue to provide a choice of highly competitive credit card offers to meet the needs of Tesco customers.” 

Tesco Bank Credit Cards are available online by visiting www.tescobank.com/creditcards/ 24hr support is also available from our UK based customer service team who can be contacted on 0845 300 4278 or minicom number 0845 671 0676.  

--ENDS--

For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors:

Representative example: 18.9%APR representative (variable) -   Based on a credit limit of £1,200 - Purchase rate 18.9% p.a. (variable).

Your credit limit may vary depending on your circumstances. Tesco Bank, PO Box 27028, Glasgow, G2 9FT

The Tesco Clubcard Credit Card is available to over 18s and UK residents only, subject to status. Customers can transfer up to 95% of their credit limit

*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.  The Clubcard Scheme is administered by Tesco Stores who are responsible for fulfilling points.

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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