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Tesco Bank launches market leading no fee credit card

Tesco Bank is today introducing a market leading ‘no fee’ credit card, offering customers the most competitive deal in the low balance transfer fee market. The bank will offer 0% interest on balance transfers for 12 months, and will charge no balance transfer fee. Additionally, the card also offers 0% interest on purchases for 12 months.

Tesco Bank Clubcard Credit Card offers:

  • 0% interest on balance transfers for 12 months, with no balance transfer fee
  • 0% interest on purchases for 12months
  • Access to our new Mobile Banking App, making it easier for customers to manage their money
  • 0% interest rates apply from account opening

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 no fee balance transfer credit card the most competitive currently in the low fee market. At Tesco Bank we are committed to offering our customers great value, transparent products that reward loyalty. This card provides customers with a great deal of flexibility. They can take advantage of a 0% balance transfer rate, with no fee, whilst also being able to spend on the card at 0% interest on new purchases for 12 months.”

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.  

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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

Tesco Bank also recently introduced their longest 0% interest balance transfer credit card currently available to customers, offering 0% interest on balance transfers for 33 months (2.9% fee), meaning customers taking out a card now, will pay no interest on balance transfers until mid 2017.

*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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