Foundation Credit Card
Our credit card to help you build your credit score
Are you new to credit or do you have a bad credit rating? If you’re looking to build or improve your credit score, our Foundation Credit Card could help you.
Representative example
- Representative rate27.5%APR (variable)
- Interest rate on purchases27.5% p.a. (variable)
- Assumed credit limit£1,200
Why choose our Foundation Credit Card?
Tools and tips to help you build your credit score
We’ve teamed up with TransUnion to bring our Foundation Credit Card customers a free, exclusive service - Tesco Bank CreditView.
From opening a Foundation Credit Card, you'll get three years' unlimited access to:
- Your Credit Report and score from TransUnion
- Score Factors – a useful breakdown of the biggest influences on your overall credit score to help you understand things to change and things you're doing well
- Credit Alerts – email updates on any significant changes to your credit report each month
- Tesco Bank CreditView report - refreshed every 28 days with any new information passed on from other lenders, local authority, and courts (which Tesco Bank CreditView receive every 4-6 weeks)Learn more
Helping you to rebuild your credit rating
We’ve designed our Foundation Credit Card for people with no credit history, or those who want to build their credit score. As long as you earn over £5,000 per year and can afford to repay at least £25 a month, this could be the card for you.
Your application is more likely to be successful if you haven't received any County Court Judgments (CCJs) in the past 18 months and haven't had an account closed in the past year due to missed repayments.
Fast and secure payments
Looking for a different credit card?
Not sure our Foundation Credit Card is the right one for you? See our full range of cards to find the right credit card for your spending and lifestyle
Important information
Key product information
Some things to remember
Our credit facilities are available to over 18s and UK residents only, subject to status
Before applying, you should review the Summary Box for this product:
- Tesco Bank Foundation Card Summary Box PDF, 167kb
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.
Credit limit increases
You will be considered for regular credit limit increases if you stay within your credit limit, make your minimum payments on time and manage your account well. To be considered you will also need to manage any other credit products you have, such as loans and other credit cards well.
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 Clubcard points on almost everything you buy.
- You collect 1 Clubcard point for every £4 spent (£4 minimum) in Tesco and 1 Clubcard point for every £8 spent (£8 minimum) outside Tesco in each purchase transaction
- There are some products at Tesco you can't collect Clubcard points on. Find out more about collecting Clubcard 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 Clubcard points.
Tesco Bank CreditView
Tesco Bank CreditView is provided by TransUnion
- If you apply and are accepted for a Foundation Credit Card, we'll send you a welcome email which will include a personal link to sign up to Tesco Bank CreditView
- As part of the sign-up process you will be required to pass TransUnion's identity validation checks before accessing your Tesco Bank CreditView account
- It's worth knowing that only the primary credit card holder will have access to Tesco Bank CreditView
Contact us
Our UK teams are here for you 24 hours a day, seven days a week.