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Tesco Bank launches leading no fee Balance Transfer Clubcard Credit Card

Tesco Bank has today introduced a new credit card that allows customers to transfer balances without paying any balance transfer fees. The card also offers customers 0% interest on all purchases and balance transfers for 10 months.  This means customers can benefit by paying no interest on any balances for 10 months without paying any balance transfer fees. At the end of the 10 month period a representative APR of 18.9% applies.

All Tesco Bank Clubcard Credit Card customers are rewarded with Clubcard points on all their spending – receiving one Clubcard point for every £4 spent on their card*. This means cardholders can collect points wherever they spend.

Will Curley, Transactional Banking Director, Tesco Bank, commented,

“We want to offer customers a choice of highly competitive purchase and balance transfer offers.  This new ‘no fee’ offer is for those customers looking to transfer an existing balance and we think it is a great offer for any customer who is actively looking to manage their debt.”

For more information and to apply for the Clubcard Credit Card, visit Tescobank.com/creditcards

--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 of 18.9% p.a. (variable).

Your credit limit may vary depending on your circumstances. The Tesco Clubcard Credit Card is available to over 18s, UK residents only, subject to status. This offer may be withdrawn or changed at any time.

0% interest rates apply from account opening

*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.

The Clubcard scheme is administered by Tesco Stores which is responsible for fulfilling points.

Customers can transfer 95% of their credit limit.

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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