The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

Tesco Bank Credit Cards

Tesco Bank offers a number of credit cards with features such as 0% purchase, balance transfer and money transfer capability. All of Tesco's credit cards let you earn Clubcard loyalty points on eligible purchases, but you won't earn points on balance or money transfers.

Tesco Bank Credit Cards

Tesco offers a suite of credit cards to suit different needs, from earning rewards to 0% purchase and balance transfer cards to a credit building card. The details such as 0% periods change frequently, so it's best to check their site for the latest offers. Below we discuss other features you should know about before signing up.

Purchases: Tesco Bank 0% Purchases Card

The Tesco Bank Purchases card charges 0% interest payments on upcoming purchases for a fixed period of time. There's an advertised period of time (e.g., 22 months in February 2020) but people with a less than perfect application might get a shorter 0% promotional period (e.g., 16 or 12 months). Once this period ends (either because it naturally comes to an end or because you miss a monthly payment or exceed your credit limit at any point), remaining balances are charged at your normal APR (e.g., 19.9% variable).

You can earn extra Tesco Clubcard points when you spend, even during the promotional period—so long as you stay under your credit limit and pay at least the monthly minimum payment on time. These additional Clubcard points yield rewards rates around 0.25% on Tesco spend and 0.125% outside Tesco (in addition to points you normally earn through the Tesco loyalty program.)

Summary

  • 0% on purchases
  • 0% on balance transfers for 3 months
  • Earn 1 Clubcard point for every £4 spent at Tesco
  • Earn 1 Clubcard point for every £8 spend elsewhere
  • No annual fee

Balance Transfers: Tesco 0% Balance Transfer Card

The Tesco balance transfer offer is a 0% interest promotional period on initial balance transfers. The duration of the card varies (e.g., up to 28 months in February 2020) but you might get a shorter-than-advertised time (e.g., 22 or 16 months). Plus the balance transfer fee changes from time to time (e.g., 2.98%).

While you won't earn Tesco Clubcard points on your balance transfers, you can earn them on purchases: earn 1 Clubcard point for every £4 spent (£4 minimum) in Tesco and 1 point for every £8 spent (£8 minimum) outside Tesco. These points are in addition to points you'd earn through the Clubcard loyalty card.

Summary

  • Offers good for transfers made within first 90 days
  • Earn 1 Clubcard point for every £4 spent at Tesco
  • Earn 1 Clubcard point for every £8 spend elsewhere
  • No Clubcard points on balance transfers
  • No annual fee

Purchases and Balance Transfers: Tesco All Round Card

Tesco Bank's all round card offer provides a medium-length period of 0% interest on both purchases and balances transfers. They have a few offers going, including one with a no-fee balance transfer (e.g., 12 months in February 2020). Unlike the cards mentioned above, successful applicants will receive the full advertised promotional period. Like other Tesco Bank cards, you won't earn Tesco Clubcard points for balance transfers but you will earn points on new purchases. Expect rewards rates around 0.25% on Tesco spend and 0.125% outside of Tesco.

Summary

  • Offer good for balances transferred within first 90 days
  • Earn 1 Clubcard point for every £4 spent at Tesco
  • Earn 1 Clubcard point for every £8 spend elsewhere
  • No Clubcard points on balance transfers
  • No annual fee

Low APR: Tesco Low APR Credit Card

The Tesco Low APR Credit Card charges an ongoing rate of 5.9% APR (variable), a lower-than-average interest rate versus most credit cards. When deciding between this Low APR card and a purchases card, consider how likely you are to miss a payment because on 0 interest purchase cards, you'll lose the promotional rate if you miss any payments. You need to have an annual income of at least £5,000 for this card.

Note: the Tesco card is one of the few credit cards with a pre-application eligibility check in the UK.

Summary

  • Earn 1 Clubcard point for every £4 spent at Tesco
  • Earn 1 Clubcard point for every £8 spend elsewhere
  • No annual fee
  • Lower purchases interest rate

Summary of Tesco Cards

For...CardQuick Overview
No Interest on PurchasesTesco Bank Purchases Card0% on purchases for a fixed time (but you might get a shorter period)
Cheapest Balance TransferTesco All Round CardOne offer has a no-fee balance transfer
Longer to Pay Existing DebtTesco Balance Transfer Card0% on balance transfers for a fixed time (but you might get a shorter period)
Lower Interest RateTesco Low APR Credit CardA card with an interest rates that's about half of the usual rate

FAQs

To activate your Tesco credit card, log into the app and look for a picture of the credit card on the landing page. CLick where it says "Activate your card", at which point you'll need to enter your CVV number (the three digits on the back) and your card will be active. If you don't see a way to activate your card then is is probably already active. Card renewals don't need to be reactivated.
In addition to the points you usually earn through the Tesco loyalty programme, using a Tesco credit card you can earn an additional 1 Clubcard point for every £4 spent (£4 minimum) at Tesco and 1 Clubcard point for every £8 spent (£8 minimum) elsewhere.
To request a credit limit increase on your Tesco credit card, you have two options: 1) log into Online Banking, choose your credit card, click 'More' and click 'Credit limit' or 2) go to the 'Account Management' section of the Mobile App and select 'Manage credit limit'.
You can pay your Tesco credit card bill by direct debit, a transfer from your bank account, using a debit card or via Online banking or the Mobile App.
You cannot pay for your Tesco credit card bill in store using cash. The closest would be paying by cheque or debit card at your bank (you might be charged for this) or sending a cheque by post to Tesco. Read about ways to pay here.

Comments

The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.