Tesco Credit Cards

Tesco credit cards come with the advantage that the supermarket has very deep pockets. With the store's BONUS credit card, customers will benefit from interest free balance transfers for a period of 13 months - although a 'balance transfer fee' does apply on all transfers made within the first 10 months.

Search for the cheapest credit cards and apply online.

The BONUS credit card from Tesco will then offer a further 0% on purchases made within the store for 13 months. Non-Tesco purchases will deem the card an interest free credit card for only three months. When interest becomes payable, it will be charged on a variable basis.

This Tesco BONUS credit card is so-called because a bonus is paid back to the customer each year. The amount of this bonus depends on how much has been spent on the card and how much interest has been paid.

Tesco also offers a Clubcard credit card. This works on the same terms as the BONUS credit card, but will give customers extra Tesco Clubcard points on purchases made both inside and outside the store. This version is therefore also a 0% credit card for a maximum 13 month period.

Finally, Tesco also offers a business credit card that comes with the feature of 56 days' interest-free credit and discounts on fuel bought at Tesco petrol stations.

Tesco's own payment protection insurance (PPI) is available on all its credit cards should you require it, which will cover certain missed payments if you lose your job or become ill and cannot work.

Can you save money by switching to another credit card? Find out with Moneyextra's comparison service.

 

Last updated April 2008

Nothing in this article constitutes investment advice or a recommendation by Moneyextra to invest in any product, or employ any service, mentioned or advertised.