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Tesco Bank introduces market leading no balance transfer fee credit card offer

Tesco Bank has today introduced a market leading no balance transfer fee credit card offer. The Bank now offers 0% interest on balance transfers for 21 months with no balance transfer fee or annual fee for use of the card. The offer means customers will pay no interest on balances transferred until mid-2017, and unlike other credit card providers, every accepted customer receives the 21-month interest-free period.

For customers looking for a longer 0% interest period, Tesco Bank has also increased its 0% interest balance transfer credit card offer to 37 months with a balance transfer fee of 2.9%, making it their longest balance transfer offer ever and one of most competitive deals available on the market. Again, unlike other credit card providers, every accepted customer receives the 37-month interest-free period.

Last month, Tesco Bank received the award for Best Balance Transfer Credit Card and was named Best Overall Credit Card Provider at the Personal Finance Awards 2015/2016, as voted for by consumers.

David McCreadie, Managing Director, Banking at Tesco Bank, said:

"We know customers are looking for great value banking products that are easy to use. These new offers are some of most competitive in the market and importantly our customers can have confidence that if we accept their application, they will receive the complete balance transfer term as advertised."

For more information on Tesco Bank’s credit card offers, please visit www.tescobank.com/credit-cards/.

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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).

0% interest rates apply from account opening 

Your credit limit may vary depending on your circumstances.

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.

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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