Bank |

Tesco Bank introduces leading purchase and balance transfer credit card offer.

Tesco Bank is today introducing the lowest balance transfer fee currently available to customers looking for a 0% interest rate. The balance transfer fee on the 12 months 0% interest purchase and balance transfer card will reduce from 0.85% to 0.65%.

Furthermore, for customers looking for a longer term balance transfer, Tesco Bank is offering another option with a 0% balance transfer offer for 30 months. 

Tesco Bank Clubcard Credit Card Offers

 

0%  BalanceTransfer

0% purchase 

Balance Transfer fee

Low Fee Credit Card

12 months

12 months 

0.65%

Balance Transfer Credit Card

30 months 

3 months

2.90%


Both credit card options will continue to reward customers with Clubcard points on their spending – customers receive one point for every £4 spent on their card*. Cardholders will gain extra points wherever they use the card, plus standard Clubcard points when shopping at Tesco. 

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

"At Tesco Bank we are committed to offering great value 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."

Customers can apply for Tesco Bank credit cards online at TescoBank.com, by calling our applications team on 0845 300 4278 or by picking up a leaflet at a local Tesco store.

--ENDS--

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).

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.

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

You may also like