Know All Tesco Bank Credit Card UK Benefits

Looking to maximize your personal finances and want to know about the Tesco Bank credit card UK benefits available in the market?

Tesco Bank has established itself as a robust institution in the United Kingdom, offering a diverse range of financial products designed to meet various profiles.

A detailed analysis of these cards reveals significant opportunities for savings through points and special payment conditions.

It is necessary to fully understand the Tesco Bank credit card UK benefits before making any financial decision, as each card has specific characteristics regarding fees and advantages.

In this article, we will present a detailed view of the Tesco Bank credit card UK benefits, exploring each modality offered by the institution. Our mission is to provide clarity on fees, promotional periods, and eligibility requirements. Let’s go!

Getting to Know the Tesco Bank Credit Card UK Benefits in Depth

1. All Round Credit Card

The All Round Credit Card presents itself as a versatile tool for those seeking balance between purchases and debt management.

This card offers a promotional rate of 0% on purchases during the first 14 months. Simultaneously, it provides 0% interest on balance transfers also for 14 months, subject to a transfer fee of 2.49%. In fact, it is on the list of credit card UK zero percent interest.

For those needing liquidity, there is the option of money transfers at 0% interest for the same 14-month period, with a fee of 3.99%.

The rewards structure allows collecting Clubcard points for every £4 spent at Tesco and 1 point for every £8 spent outside the network.

2. Balance Transfer & Purchases Credit Card

For consumers who prioritize a longer term to organize their finances without giving up new acquisitions, this card stands out among the Tesco Bank credit card UK benefits.

It offers 0% interest on both balance transfers and purchases for an extended period of 20 months.

An important operational advantage is the permission to transfer up to 95% of the available credit limit within the first 90 days.

Clubcard points collection follows the same logic as the other cards, maintaining the benefit of accessing Clubcard promotional prices.

Furthermore, there is no annual fee, and the card includes Section 75 protection.

3. Balance Transfer Credit Card

The focus of this product is clearly debt consolidation with the longest possible term.

As a rule, it offers 0% on balance transfers for 34 months, the longest period among the options presented.

In contrast, the fee for this transfer is slightly higher, fixed at 3.45%. There is also the possibility of making money transfers at 0% interest for 9 months, paying a fee of 3.99%.

Like the others, it allows transferring up to 95% of the limit and exempts the holder from the annual fee.

4. Low Fee Balance Transfer Credit Card

This card is designed for those who want to minimize the immediate costs of the transfer operation.

The differential is the reduced balance transfer fee of only 0.75%. Moreover, the 0% interest benefit on balance transfers is valid for 15 months.

Additionally, it offers 0% on money transfers for 9 months, with a fee of 3.99%. The rule of transferring up to 95% of the limit and the absence of an annual fee are maintained.

Clubcard point benefits and contactless technology are present.

5. Everyday Low APR Credit Card

Distinguishing itself by its interest structure, the Everyday Low APR Credit Card is ideal for those who occasionally carry a balance from one month to the next.

Its main feature is the lower interest rate, with a representative variable APR of 12.9%, significantly lower than the average of the other cards.

In addition, it offers standard Clubcard point collection and access to promotional prices.

It is emphasized that the card has no annual fee and allows for limit adjustments via the app. Section 75 purchase protections apply normally.

6. Foundation Credit Card

Aimed at building or rebuilding financial history, the Foundation Credit Card offers initial limits ranging from £200 and £1,500.

One of the great Tesco Bank credit card UK benefits here is the possibility of regular increases to this limit, conditioned on good card management.

Furthermore, the customer gains access to TransUnion’s CreditView to monitor their credit score for three years.

Even as an entry-level product, it accumulates Clubcard points and does not charge an annual fee.

The cost of credit, however, is higher, with a representative variable APR of 29.9%. Operational fees include 3.99% for cash withdrawals, 2.75% for international use, and £12 for late payments.

7. Premium Credit Card

Exclusive to existing customers, the Premium Credit Card focuses on maximizing rewards.

It doubles the points on the network, offering 2 Clubcard points for every £1 spent at Tesco and 1 point for every £4 spent outside. There is an annual bonus of 2,500 points for those who spend £2,500 at Tesco.

Another exclusive benefit is the improved exchange rate at +1% when purchasing foreign currency at Tesco Travel Money.

This is one of the few cards with an annual fee, costing £36. It includes the possibility of additional cards to accumulate family points.

8. Clubcard Plus Credit Card

This card requires an active Clubcard Plus subscription. It offers 0% on purchases for up to 24 months and eliminates the foreign exchange fee while the subscription is active.

In addition to the card benefits, the user enjoys the advantages of the Clubcard Plus subscription, such as a 10% discount twice a month on purchases at Tesco and selected own brands.

Furthermore, the representative APR is higher, 37.7% variable, as the calculation includes the monthly subscription cost of £7.99.

Comparison of Rates and Benefits Tesco Bank Cards

The table below summarizes the essential data to facilitate the visualization of the differences between the cards.

Card	Main Benefit	Promotional Period	Transfer Fee	Representative APR	Annual Fee
All Round	Purchase/transfer balance	14 months (0%)	2.49%	24.9% Var.	£0
Balance Transfer & Purchases	Extended mixed term	20 months (0%)	2.99%	24.9% Var.	£0
Balance Transfer	Focus on balance transfer	34 months (0%)	3.45%	24.9% Var.	£0
Low Fee BT	Reduced transfer cost	15 months (0%)	0.75%	24.9% Var.	£0
Everyday Low APR	Low revolving interest	N/A	N/A	12.9% Var.	£0
Foundation	Credit building	N/A	N/A	29.9% Var.	£0
Premium	Double points	N/A	N/A	~24.9% Var.	£36
Clubcard Plus	No foreign exchange fee (conditional)	24 months purchases (0%)	N/A	37.7% Var.	£7.99

Conclusion

Tesco Bank credit card UK benefits offer a robust range of options, highlighted by long 0% promotional periods and advantageous integration with the Clubcard rewards system.

The variety of cards ensures that different profiles, from the disciplined saver to those looking to rebuild credit, find a suitable tool, always supported by contactless technology and app management.

The ideal choice strictly depends on your momentary need: whether it’s the lowest transfer cost, the longest payment term, or the maximization of points on daily purchases.Tesco Bank credit card UK benefits