Tesco Bank is a well-known UK financial institution, trusted by millions of Clubcard customers nationwide and operating under full FCA regulation.
What you need to know about this credit card
- Balance transfers: 0% interest on balance transfers for a guaranteed 21 months, with a 2.95% transfer fee.
- Purchases: 0% interest on purchases for a guaranteed 21 months from account opening.
- APR & fees: Representative APR of 24.9% variable, with no annual fee.
- Credit limit: Assumed credit limit of £1,200, subject to credit assessment.
Pros
- Credit card with 0 interest: Enjoy up to 21 months interest-free on both transfers and purchases.
- Consolidate credit card debt: Move existing balances and simplify repayments.
- Zero interest credit cards UK: Long guaranteed 0% period for budgeting confidence.
- Rewards on spending: Collect Clubcard points on purchases in and out of Tesco.
- Easy management: Track spending and manage your card via the Tesco Bank app.
Cons
- Balance transfer fee applies: 2.95% fee on transferred balances.
- Interest after promo period: Standard rates apply once the 0% period ends.
Is Tesco Bank a good bank?
Compared to the NatWest Balance Transfer Credit Card, Tesco Bank offers a longer guaranteed 0% period.
Against the Barclaycard Balance Transfer Card, Tesco Bank combines purchases and transfers in one card.
When matched with the MBNA Balance Transfer Card, Tesco Bank adds Clubcard rewards on spending.
Compared to the HSBC Balance Transfer Credit Card, Tesco Bank is more attractive for everyday Tesco shoppers.
Unlike many credit cards UK, this card offers certainty with a fixed 21-month 0% deal.
How to Apply for Your Tesco Bank Balance Transfer and Purchases Credit Card
If you want to apply for a credit card online and use a credit card with 0 interest to manage debt and spending, this Tesco Bank card is worth considering. Eligibility checks won’t impact your credit score.