Money Transfer Credit Card

Transfer money from your credit card to your bank account with no interest to pay for up to 28 months.

Money Transfer Card

Looking for a bit of flexibility to help pay off unexpected bills, or pay for something you can't put on your credit card? Our Money Transfer Credit Card lets you borrow money and move it to your bank account, so it's yours to spend how you like.

  • 0% interest on money transfers and balance transfers for up to 28 months from account opening, with a 3.94% money transfer fee and a 2.98% balance transfer fee. We may offer you a 0% interest period of 22 or 16 months instead depending on your individual circumstances.
  • It’s quick and easy to make a money transfer – we just need to know the amount you want to transfer and your bank details
  • The 0% interest rates apply to any transfers made within the first 90 days of opening your account. You can transfer up to 95% of your available credit limit.
  • Your introductory rates will be withdrawn if we don’t receive your minimum payment on time and in full. Direct debits and payment due date alerts can be set up through online banking after your account has been opened to help you avoid paying late or missing a payment.

Representative example

  • Representative rate19.9%APR (variable)
  • Interest rate on purchases19.9% p.a. (variable)
  • Assumed credit limit£1,200

What is APR?

Why choose a Tesco Bank Credit Card

  • Apply online and get a decision in under 10 minutes
  • Complete your money transfer with our mobile app and use it to keep on top of all your spending
  • Collect Tesco Clubcard points almost everywhere you use your cardTerms apply

Pay money into your bank account from your credit card for more flexibility

If you need the convenience of cash, whether you have unexpected bills or to pay for something you can’t with your credit card, our Money Transfer Card could help.

If you are accepted, it lets you move cash from your credit card straight into your bank account.

Once you’ve activated your card, arrange your money transfer using our mobile banking app, in online banking or by phone and the money will be in your bank account by the end of the next working day.

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.

Fast and secure payments

  • Pay with contactless - make spending simple for purchases up to £30Using Contactless
  • Collect Clubcard points & pay up to £250 at Tesco with your phoneFind out more
  • Available to Tesco Bank credit card holders on compatible Apple devicesFind out more

Looking for something else?

Important information

Key product information

Some things to remember

  • 0% interest rates apply from the day you opened your account
  • 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.
  • If you request a balance transfer as part of your application, you’ll need to activate your card within 60 days in order for this to be processed
  • 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 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 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.