Balance Transfer Credit Card
Enjoy up to 32 months with no interest to pay on balance and money transfers
Representative example
- Representative19.9%APR (variable)
- Interest rate on purchases19.9% p.a. (variable)
- Assumed credit limit£1,200
Why choose a Tesco Bank Credit Card
Transfer your balance and you could make a saving
When you've had outstanding balances on credit and store cards for a while, the interest can really mount up. Our Balance Transfer Card could save you money if you're paying higher interest on your other cards.
Our card can help you spread the payment of those balances with no interest to pay on those amounts for up to 32 months from account opening.
If you transfer a balance to this card, you'll pay a fee of 0.99% of the overall amount.
You can also use this card to transfer money to your bank account for a 3.94% fee. Remember, when transferring funds from your card to pay off other debt, this may give you an initial saving, but if you don't pay it off in the initial 0% interest period then it could end up costing you more in the long run.
For both money and balance transfers, you can transfer up to 95% of your available credit limit.
Our UK teams are here for you 24 hours a day, seven days a week. Yes, even Christmas day.
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Important information
Key product information
Some things to remember
- Your credit limit, APR and introductory offer period may vary subject to your individual circumstances
- Your introductory rates will be withdrawn if we don’t receive your minimum payment on time and in full
- 0% interest rates apply from the day you opened your account
- You can transfer up to 95% of your available credit limit. You won't be able to transfer a balance between Tesco Bank credit cards
- Our credit facilities are available to over 18s and UK residents only, subject to status
- Purchases made using money that has been transferred will not benefit from protection under Section 75 of the Consumer Credit Act 1974. Section 75 protection is only available if you make the purchase with your credit card (please note that not all purchases are eligible for this protection).
Before applying, you should review the Summary Box (PDF) for this product:
- Tesco Bank Balance Transfer Summary Box PDF, 246kb
Tesco Bank Credit Cards are provided by: Tesco Bank, PO Box 27028, Glasgow, G2 9FT
What is APR?
APR stands for Annual Percentage Rate. It shows you how much your borrowing will cost over the period of an average year, over the term of your debt. It also helps you compare different cards on the market.
After a 0% period, the amount of interest you'll need to pay on any outstanding balances will be determined by the APR. Don't forget that the length of 0% period on your purchases and balance transfers might be different.
Collecting Tesco Clubcard points
How to collect Tesco Clubcard points with your Tesco Bank Clubcard Credit Card
It's simple: use your Clubcard Credit Card wherever you see the Mastercard logo. You'll collect points on almost everything you buy.
- You collect 1 Clubcard point for every £4 spent (£4 minimum) in Tesco and 1 point for every £8 spent (£8 minimum) outside Tesco in each purchase transaction
- There are some products at Tesco you can't collect points on. Find out more about collecting points at the Tesco Clubcard website. Clubcard points can’t be collected on Tesco Travel Money purchases
- Clubcard points collection rates are subject to change
- You must have available credit
- The Tesco Clubcard Scheme is administered by Tesco Stores Limited, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA, who are responsible for fulfilling points.