Tesco Bank leads the market with no-fee balance transfer credit card offer
20 July 2015
Tesco Bank has today introduced the most competitive no-fee balance transfer credit card offer currently available on the market. The Bank will offer 0% interest on balance transfers for 19 months with no balance transfer fee, meaning customers will pay no interest on balances transferred until early-2017.
Tesco Bank’s No Balance Transfer Fee Credit Card offers customers:
- 0% interest on balance transfers for 19 months, with no balance transfer fee and no annual fee for use of the card.
- Tesco Bank Credit Card customers are rewarded with Clubcard points on purchases, 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.
- 0% interest rates apply from account opening and 19 month offer applies to everyone that is accepted.
Last week, Tesco Bank was named as the Best Direct Credit Card Provider at the Your Money Awards 2015.
David McCreadie, Managing Director, Banking at Tesco Bank, commented,
“Our goal is to make banking easier and better value for people who shop at Tesco, and so we are delighted to offer the most competitive no-fee balance transfer credit card currently available on the market. We are committed to providing customers with a choice of highly competitive credit card offers that are simple, great value and reward loyalty.”
Tesco Bank offers a range of credit cards, including longer-term balance transfer offers and those designed for customers making purchases. Please visit http://www.tescobank.com/credit-cards for more information.
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.
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.
*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.
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