Credit Cards details

Your chosen card

To apply for this card

Go to the Tesco Bank website

Go to site

Representative Example:

If you spend £1,200 at a purchase interest rate of 18.9% p.a. (variable) your representative rate will be 18.9% APR (variable).

The basics

  • Representative APR 18.9%(variable)
  • Payment Network MasterCard
  • Balance transfer fee 2.69%

Card features

Great for
Earn Clubcard points wherever you use your card, on top of your usual Clubcard points in Tesco
You're eligible to apply for this card even if you've already got another Tesco Bank credit card
If you're accepted you'll get 0% on balance transfers and money transfers for 40 months
But be aware that
You might get a different interest rate or promotional period to the one shown here, because this depends on your circumstances
You must transfer a balance within the first 90 days to get the promotional offer and 2.69% fee. After the first 90 days, the fee for balance transfers is 3%
You're not eligible if you've applied for another Tesco Bank credit card in the last month

Is this card right for you?

To take this card you

  • Must have an annual income of £5,000 or more
  • Must be aged 18 or over
  • Must have a good credit history
  • Must live in the UK or have a BFPO address

Introductory interest rates

Rate Duration
Purchases - -
Cash advances - -
Balance transfers 0% 40 months
Cheque advances - -
Money transfers 0% 40 months

Long term interest rates

Monthly Annual
Purchases 1.456% 18.941%
Cash advances 1.873% 24.94%
Balance transfers 1.575% 20.626%
Cheque advances - -
Money transfers 1.575% 20.62%
Price for risk Yes

Fees

Annual fee -
Late payment £12
Over credit limit £12
Foreign exchange EU 2.75%
Foreign exchange non-EU 2.75%
Return payment £12
Copies of statements -
Handling fee Min fee Max fee
Cash advances 3% £3 -
Cheque advances - - -
Balance transfers 2.69% £0 -
Money transfers 3.94% - -

Repayment details

  • Interest free period - 51 days
  • Your monthly minimum payment will be the greater of:
    • The full balance if less than £25
    • OR
    • 1% of the outstanding balance plus interest, plus fees, plus any insurance premium, plus the amount of any arrears which are payable immediately.
  • If you make only the minimum payment each month, it will take longer and cost you more to clear your balance
  • The above minimum repayment details may vary between providers, so please review T&Cs for specific details.
  • Allocation of payments:
    When you pay Tesco Bank, they use it to pay off:
    • First those items which attract the highest interest rates.
    • This will normally be in the order of interest and fees followed by transaction type of cash advances, standard rate balance transfers, purchases and money transfers, special offer rates.
    • If there is more than one item at the same rate Tesco Bank pay off the item at the rate that ends first.
    • If your account is in arrears, Tesco Bank will pay off the arrears on your account (starting with the oldest) before they put it towards the amount due from your most recent statement.
    • If you have Buy Now Pay Later special offer items, Tesco Bank will pay these off after they have paid off everything else on your statement.
     

Credit limit

Minimum credit limit £250
Maximum credit limit -

Other features

Free purchase protection No
Internet fraud guarantee Yes
Rewards Clubcard

How your promotional rates will change

  • After 40 months, the rate on Balance Transfers will go from 0% to 20.626%.
  • The rate on purchases is 18.941%.

Fees to be aware of

  • For a balance transfer, you'll be charged 2.69% of the balance you're transferring. There is a minimum charge of £0.

About Tesco Bank

Tesco Bank pride themselves on their range of simple and convenient retail banking and insurance products designed specifically to meet the needs of Tesco customers.

To apply for this card

Go to the Tesco Bank website

Go to site

Representative Example:

If you spend £1,200 at a purchase interest rate of 18.9% p.a. (variable) your representative rate will be 18.9% APR (variable).

Your personalised chance of approval

We've taken the details you gave, and used them to show you personalised scores to tell you the chance that your application for each card would be successful.

Why is this important?

Every time you apply for a credit card, a mark is left on your credit score. That means it's better get it right first time. Your scores help you understand which cards you have the strongest chance of getting.

It's easy!

The higher the score, the stronger chance you have of getting the card. If you see a very low score, you're probably better off choosing a different card.

Consider a different card
Not eligible
1/10
2/10
3/10
4/10
5/10
Your chances are good
6/10
7/10
8/10
9/10
9.5/10
You've been pre approved

If you see a high score, you can be fairly confident. The scores aren't a guarantee, as acceptance of your application is at the sole discretion of the card issuer, but they should help guide your choice.

If you see a pre-approved score it may be subject to you passing additional ID and fraud checks by the provider.

Not rated

In some cases, we will not be able to display a score for a product because we do not have enough information about the card issuer’s acceptance criteria or we have not been able to match your details at the credit bureau.

We work closely with our partners to improve our eligibility scores for all products that are of interest to you.

We're free and independent, as well as offering exclusive deals you can't get anywhere else.

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