Balance transfer credit cards
You could transfer existing balances onto one credit card and pay 0% interest on them for a fixed period.
What is a balance transfer credit card?
These cards are designed for transferring existing credit card balances and could help you save money if your card has a 0% interest period. When looking for a balance transfer card, you should think about the length of any 0% interest period, transfer fees and if you want to use the card for purchases.
Rewards with Tesco Bank Credit Cards
With our balance transfer credit cards you can collect Clubcard points almost everywhere you spend on your card, plus your usual points in Tesco. For more information see Credit Card Rewards.
We’ve also made it simple for you to manage your money on the go with our Mobile Banking App and Online Banking.
Need more help? You could visit our credit card jargon buster or even ask a question in the Tesco Bank Community.
Balance Transfer Credit Card
Our longest 0% interest period on balance transfers for 27 months from account opening
- 24.9% APR representative (variable) on purchases
- Our longest 0% interest period on balance transfers for 27 months (2.95% fee)
- 0% interest on money transfers for the first 9 months (3.99% fee)
- Collect Clubcard points almost every time you shop
Representative example
Your APR and credit limit may vary depending on your circumstances
Low Fee Balance Transfer Card
Enjoy 15 months with no interest to pay on balance transfers from account opening
- 24.9% APR representative (variable) on purchases
- 0% interest on balance transfers for 15 months (low 0.99% fee)
- 0% interest on money transfers for the first 9 months (3.99% fee)
- Collect Clubcard points almost every time you shop
Representative example
Your APR and credit limit may vary depending on your circumstances
Protect your credit score
See if you are likely to be accepted and protect your credit score using our eligibility checker.
Using a Tesco Bank Credit Card, you could collect:
Points for every £4 spent at Tesco
4 points with a Clubcard alone
Point for every £4 spent on Tesco fuel (excluding Esso) plus 1 point for every 1 litre bought
1 point for every 2 litres bought with a Clubcard alone
Point for every £8 spent outside Tesco
0 points with a Clubcard alone
100 points = £1.00 in vouchers. Find out more about turning points to vouchers and collecting points.
With your vouchers, you can:
Save on groceries and fuel
Use your vouchers to save in Tesco, as well as on fuel at Tesco petrol stations and at Esso sites with a Tesco Express
Get 2x more value from your vouchers with Tesco Reward Partners
Exchange your vouchers to use on days out, eating out and more with over 100+ Tesco Reward Partners
See how your Credit Card spend turns into Clubcard vouchers
How much do you spend a month?
Using one of our Credit Cards, you could collect:
After 3 months |
After 1 year |
|
---|---|---|
Clubcard points | ||
Clubcard vouchers | ||
Tesco Reward Partners | up to | up to |
After 3 months |
|
---|---|
Clubcard points | |
Clubcard vouchers | |
Tesco Reward Partners | up to |
After 1 year |
|
Clubcard points | |
Clubcard vouchers | |
Tesco Reward Partners | up to |
That's 16500 more points each year than using your Clubcard alone, just for spending on a Tesco Bank Credit Card.
turn in vouchers
into to use with Tesco Reward Partners
*after 1 year
Credit card FAQs
A 0% interest balance transfer means you don’t pay interest on a transferred amount until after the 0% interest period has ended. This means that all monthly payments could reduce your existing credit card balance, rather than paying off interest, for the duration of the promotional period.
With a balance transfer you could move credit card debt from a card that charges a higher interest rate to one with a lower rate, or with a 0% interest period on balance transfers. Though there may be a fee for transferring your balance.
It could help you to lower your total credit card debt by paying down your existing credit balance, rather than just paying off interest charges.
The balance transfer can take up to 2 working days from when you activate your card. If you request a balance transfer as part of your application, you'll need to activate your card within 60 days for this to be processed.
Your card must be activated before the balance transfer can take place. While the balance transfer is processed, please continue to make payments to your other card.
Yes, you can use a balance transfer card to make purchases, though with some cards you might be charged interest for doing this.
If you're looking to make purchases and transfer a balance, you could consider one of our cards above that have 0% interest periods on both, within just one card.
Or you could use any of our balance transfer cards for purchases and won't be charged interest on them if you pay off balances that aren’t on a 0% rate, in full every month.
When a balance transfer has been completed, the old credit card will remain active. Keeping the old credit card open can help boost your credit score; however, you can cancel the card if you’re afraid of running up more debt.
It depends. In some cases a balance transfer may temporarily decrease your credit score. This is due to the application for a new credit line, but your score should rebound quickly if there are no other factors at play. If a balance transfer helps you to reduce your debt and manage your repayments better, your credit score could improve in the long term.
APR is short for Annual Percentage Rate. It tells you the cost of borrowing, as a percentage of the amount you owe, over a year.
You can use the APR to work out how much a credit card, loan or mortgage, or other forms of credit will cost. The APR includes the interest rate charged, along with any fees.
Most credit cards have a variable APR, and all it means is that the Annual Percentage Rate for a credit card may change over time. If the APR on your card is going to change, you’ll be notified in advance.
Most of our charges and fees relate to when you move money between accounts, withdraw cash, or pay for things abroad. You may also be charged if you go over your credit limit or miss a payment. You can check your interest rate on your monthly statements.
To see the complete list, read our page on charges, fees, and interest.
Under Section 75 of the Consumer Credit Act you could get extra protection if something goes wrong on single purchases that cost between £100 and £30,000. So if something you've paid for turns up broken or faulty, or if it doesn't arrive at all, you may be able to get your money back through a Section 75 claim.
Read more about your consumer rights on our page on the top credit card features.
Yes, you can manage your credit card with Online Banking or on our mobile banking app.
Yes, your Tesco Bank Credit Card will work overseas.
With each transaction in a foreign currency you’ll be charged a foreign exchange fee of 2.75% of the cost of your purchase.
Get more information in our guide to using your credit and debit cards abroad.
A Tesco Bank Credit Card is also a Clubcard, so when you spend on it in Tesco you’ll collect your normal Clubcard points (1 point for every £1 spent) plus an extra 1 point for every £4 you spend.
When you buy Tesco fuel (excluding Esso) you’ll collect your normal Clubcard points at an enhanced rate of 1 point for every 1 litre bought (usually 1 point for every 2 litres with a Clubcard alone) and you’ll get 1 extra point for every £4 spent.
When you spend outside Tesco you’ll collect 1 point for every £8 you spend.
Points are calculated on single transactions and you must have available credit. Points collection rates are subject to change. Remember there are some things you won’t collect points on.
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 Clubcard points.
You can only collect points on purchases, so cash withdrawals, cash transactions, balance or money transfers, gambling transactions, buying travel money and regular payments like standing orders and Direct Debits don’t count.
There are also some products at Tesco you can’t collect points on, see the Clubcard website for details.
Every 3 months your Clubcard points are turned into Clubcard vouchers. Or you can choose to get them quicker with Faster Vouchers.
Your vouchers can be used to spend at Tesco, in store, online or on fuel (excluding Esso), or they can be exchanged to get up to 2x the value of your vouchers with Tesco Reward Partners.
The calculator works out how many Clubcard points you could collect if you had a Tesco Bank Credit Card and used it to pay for items in and out of Tesco.
Based on the amounts you enter into the calculator, we work out the number of Clubcard points you could collect and give an idea of the amount in Clubcard vouchers.
The fuel calculator uses an average price per litre to calculate the number of points, based on 1 point per litre bought. Calculation based on average fuel price per litre. Average price per litre is based on both petrol and diesel and an average fill of 33 litres. Average price per litre updated monthly.
Remember though, your points will be worked out on each individual transaction that you make and not on your total monthly spend. So, this means the calculator only gives an indication and the actual points you receive could vary.
Don't forget that you'll need to spend a minimum amount to begin collecting Clubcard points.
When you open a credit card account with us you’ll be automatically enrolled into the Clubcard scheme if you’re not already a member, and Tesco Bank will share information with Tesco Stores for the operation of your Clubcard account.
Clubcard accounts are managed separately by Tesco Stores, and you should visit the Tesco privacy notice for further information about how Tesco Stores uses your information.
Discover our other types of credit cards
Find out more about the different types of credit card we offer and how they work.
Learn more about credit cards
Tesco Bank Credit Cards are available to UK residents aged 18 and over. Subject to status.
Tesco Bank Credit Cards are provided by: Tesco Bank, PO Box 344, Newcastle Upon Tyne, NE12 2GF.
We’re proposing to transfer our banking business to Barclays
If your application is successful, your account is expected to transfer to Barclays on 1 November 2024.
There’ll be no immediate changes to how you use and manage your account on a day-to-day basis. Barclays will continue to use the Tesco Bank brand on all existing Tesco Bank banking products through a long-term strategic partnership with Tesco.
To find out more and view a range of helpful documents just go to tescobank.com/transfer-scheme.