Tesco Bank introduces market leading purchase credit card offer
26 June 2014
Tesco Bank is today introducing the longest 0% interest credit card currently available to customers. The bank will offer 0% interest on new purchases for 19 months, meaning customers pay no interest on purchases until 2016. Customers that want to transfer a balance can get 0% on balance transfers for three months.
Tesco Bank Clubcard Credit Card offers:
- 0% on purchases for 19 months
- 0% on balance transfers for 3 months, with a balance transfer fee of 2.9%
Tesco Bank Clubcard Credit Card customers are rewarded with Clubcard points on their spending – receiving one point for every £4 spent on their card*. Cardholders collect points wherever they use their 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, 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
24hr support is also available from our UK based customers service colleagues, who can be contacted on 0845 300 4278.
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
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.
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