Tesco | 0% Balance Transfer Credit Card

133 reviews

18.9% Representative

Purchase rate: 18.9%

Representative example:

Representative Example: The standard interest rate on purchases is 18.90% p.a. (variable), so when borrowing £1,200 the Representative APR will be 18.90% (variable).

 

Tesco | 0% Balance Transfer Credit Card customer reviews.

133 reviews

2.4 out of 5 stars

handy and easy going
18:38 01-07-2018
ImageSmart Money People

I've held a credit card with them for over 10 years and have never had any cause to complain about them

suewilly

Excellent service
11:19 17-06-2018
ImageSmart Money People

Never had any hassle, always responds when any help is required in a swift and courteous manner.

Thomas

Unusual spending on account
15:39 10-06-2018
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I use my credit card for my usual monthly spend - groceries, petrol and intermittent clothes shopping. It had been my son's birthday and he received some cash but wanted to buy online games. Using my credit card we made purchases on a site we have used before but not to such a large amount. I received a phone call within minutes from Tesco checking the purchase was made by us as it wasn't my usual spend. I thanked them for keeping an eye on my account. Sometimes it's good that big brother is watching you!

sarah k

A good credit card with good customer service
09:11 05-04-2018
ImageSmart Money People

Had this card for a couple of month with no problems. Great customer service and can easily be managed via the Tesco bank app.

07jlord

Great card with points
12:13 04-04-2018
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Use my credit card to live off and pay the balance every month. Receive Clubcard vouchers every 1/4 which get converted to Pizza Express vouchers. Saving ourselves a small fortune in eating out!

steven young

Easy no issues
11:11 08-02-2018
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I pay off the card every month so no issues with interest rates. Easy way to get clubcard points without worrying about loyalty cards

rimsey

an ok experience
20:05 03-01-2018
ImageSmart Money People

I've had a loan with Tesco interest rate was really low, but the pay back date latest they could do this was on the 25th but my pay day was on the 28th so payments got missed and they weren't able to help me, but overall it was an okay company to get a loan with.

Bethany noble

They cancelled my card with no warning - as an "industry wide prevention measure"
13:52 06-12-2017
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I actually can't believe this just happened. I have had a Tesco credit card for many years. Usually if they think there has been fraudulent activity, they ring you to confirm your transactions. Today I received a text stating my card had been cancelled due to an "industry wide fraud prevention measure". I phoned them to confirm, and they said that it was correct, and a large amount of people have been affected. The new card will come in 9 working days!!!! This is so inconvenient - I am going abroad next week - I was planning on using my credit card, as I don't like carrying large amounts of cash with me. I am so mad about this. They are not even giving a proper reason why so many people have been affected. Ive had credit cards for over twenty years, and never been in such a mess :(

Anonymous

Does what is says on the tin
11:58 20-11-2017
ImageSmart Money People

Good product, points accumulation a bonus. Efficient customer service especially with issues of fraud

ailsa sheldon

Reliable
21:05 30-06-2017
ImageSmart Money People

I've currently had my Tesco credit card for 3 years and throughout that time the repayments have been low and zero pressure to increase my limit. Very happy. Helpful call centre staff too.

John

Our review of Tesco | 0% Balance Transfer Credit Card

The Tesco 0% Balance Transfer Fee Credit Card has a representative APR that is the same as a number of credit cards on the market. Where Tesco differentiate themselves is with the 0% interest on balance transfers and money transfers for up to 36 months of opening the account. Customers can also earn Clubcard points when using their card, even if they aren’t spending in Tesco, which can be exchanged for goods, trips and treats.

As the name suggests, cardholders of the Tesco 0% Balance Transfer Fee Credit Card also don’t have to pay a fee on balance transfers for those completed in the first 90 days of opening the account. After this time a fee of 3% will be charged – this is a standard level among competitors. If you’re thinking of doing a balance transfer then please be aware that you can only transfer a maximum of 95% of your given credit limit and you can’t make transfers between Tesco Bank credit cards.

Looking at the web for online reviews shows there aren’t any specific to the card but we can look at Tesco Bank’s credit cards as a whole to judge the type of experience other customers have had. On TrustPilot, their cards have been judged as ‘poor’, citing long call wait times, application problems and cards getting blocked as the reasons.

Overall verdict: A standard representative APR, but if you shop at Tesco frequently and want to accrue Clubcard points then this could be an option, just watch out with balance transfers that you’ve paid your balance before the 36 months is over, otherwiseyou’ll  start incurring interest at inflated rates.

Written by: Alex

Highlights

  • 0% interest on balance transfers for up to 36 months
  • 0% fee on balance transfers for 90 days
  • 0% interest on money transfers for the first 12 months
  • Manage your card with the Tesco mobile app
  • Collect Clubcard points when you spend
  • Links up with Apple Pay

Minimum criteria

  • You must be aged over 18
  • You need to be a UK resident
  • You must earn at least £5,000 per year
  • You must have good credit history
  • You don’t already have more than 1 Tesco Bank credit card
  • You have not applied for a Tesco Bank credit card within the last month

Fees

  • Maximum APR %
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

About Tesco | 0% Balance Transfer Credit Card

With the Tesco 0% Balance Transfer Fee Credit Card customers can benefit from paying 0% on balance transfers for up to 36 months - if completed within the first 90 days. You may be offered a 0% transfer period of 36, 30 or 24 months depending on your personal circumstances. There is no fee for balance transfers, but money transfers carry a fee of 3.94% during the first 90 days and 3.0% after. The Tesco 0% Balance Transfer Fee Credit Card has a representative APR of 18.9% and the maximum credit limit is decided by Tesco during the application process when they take into account previous credit history and personal circumstances.

The application process takes around 10 minutes and you can be told within one minute whether you’re accepted for the Tesco 0% Balance Transfer Fee Credit Card. The card can be managed either online or via their mobile app if you’re on the move and it can be linked to Apple Pay as well. Customers are also able to earn Clubcard points when they spend – it’s 1 point for every £4 spent with Tesco and 1 point per £8 if spending elsewhere. These points can then be exchanged for vouchers chosen by the customer.

Company information

Registration number: SC173199

www.tescobank.com

08453004278

Interpoint Building, 22 Haymarket Yards, Edinburgh EH12 5BH

FCA registration

Reference No: 186022

Trading names: Buy Now Pay Later, Tesco Bank, Tesco Buy Now Pay Later, Tesco Clubcard Credit Card, Tesco Personal Finance Plc

Place of business: Interpoint Building, 22 Haymarket Yards, Edinburgh, Midlothian EH12 5BH

Data protection registration

Registration No: Z4988111

Data controller: TESCO PERSONAL FINANCE PLC

Address: Interpoint Building, 22 Haymarket Yards, Edinburgh, Midlothian EH12 5BH

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