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Tesco Bank’s new Money Transfer Credit Card provides customers with a flexible way to help manage their money

Tesco Bank has today launched a Money Transfer Credit Card, which provides customers with a new flexible and cost-effective way to help manage their finances.

With the Money Transfer Credit Card, customers can transfer up to 95% of their available credit limit directly into their bank account at 0% interest for 35 months with a 3.94% money transfer fee. The Money Transfer Credit Card can be used as a cost-effective alternative to an overdraft or a small loan, and can be used as a way to make purchases that cannot be made with a credit card, such as home repairs.

The card also offers 0% on balance transfers for 35 months with a 2.7% balance transfer fee. This new card means customers who make their minimum repayments on time and in full, will pay no interest on money transfers or balance transfers until late-2018.

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

“We know customers continue to look for ways to manage their money as flexibly and as cost-effectively as possible, and our new Money Transfer Credit Card is another option to help them do just that.”  

Tesco Bank was recently named Best Overall Credit Card Provider at the Personal Finance Awards 2015/2016, as voted for by consumers. For more information on Tesco Bank’s range of credit cards, please visit http://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% pa (variable).

Your credit limit may vary depending on your circumstances. The Tesco Bank Money Transfer Credit Card is available to over 18s and UK residents only. Subject to status.

0% interest rates apply from account opening.

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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