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Tesco Bank Balance Transfer Credit Card review: the longest 0% period

Check out the Tesco Bank Balance Transfer Credit Card review to discover how it works and how the longest period of 0% interest may help you with your finances.

Tesco Bank Balance Transfer Credit Card: 0% interest for up to 30 months

Get rid of your credit card debt with the help of this card! Source: The Mister Finance.
Get rid of your credit card debt with the help of this card! Source: The Mister Finance.

If you need a balance transfer card, the Tesco Bank Balance Transfer Credit Card review is worth checking. 

Tesko Bank Balance transfer card

How to apply for the Tesco Bank Balance Transfer?

Check out how to apply for the Tesco Bank Balance Transfer Credit Card and enjoy the long 0% interest period on balance and money transfers.

In fact, Tesco offers one of the longest 0% interest periods. Even though there are no welcome bonuses, you will enjoy 0% interest on balance transfers for up to 30 months plus 0% interest on money transfers for the first 9 months.

Credit ScoreGood
APR22.9% APR (variable and representative)
Annual Fee£0
FeesBalance Transfer fee: 3.49%;
Money transfer fee: 3.99%;
Foreign transaction fee: 2.75%;
Cash advance fee: 3.99% (minimum £3);
Late payment fee: £12;
Exceeding limit fee: £12;
Duplicate statement fee: £0;
Additional card fee: £0;
Replacement card fee: £0;
Inactivity fee: £0
Welcome bonusNone
Rewards5 Tesco Clubcard point per £4 spent (£4 minimum) at Tesco plus 1 Clubcard point per £8 spent (£8 minimum) outside of Tesco

The card also offers rewards on its program called Clubcard. So, you will get points on every purchase you make.

How does the Tesco Bank Balance Transfer Credit Card work?

Tesco offers different card options for different purposes. Thus, if you need a balance transfer card, Tesco allows you to get one if you meet the requirements.

The card offers one of the longest 0% interest periods for both balance transfers and money transfers.

That is, you will be able to pay off your debt faster and in a cheaper way by benefiting from the introductory interest period.

Additionally, you will earn Clubcard points on almost every purchase you make. To sum up, you will accumulate rewards at the same time you will avoid paying interest for a long period.

This card suits those who need to switch existing balances from expensive cards to this one.

Also, you can transfer up to 95% of your credit limit. And the minimum limit offered is £100.

Tesco doesn’t specify a maximum value since terms and conditions will vary according to individual circumstances. 

Fortunately, the card doesn’t charge an annual fee too.

On the other hand, bad-credit applicants may not be eligible for this card.

It is important to note that after the introductory period, the fees applied will be relatively high.

Tesco Bank Balance Transfer Credit Card benefits

Enjoy a new phase in your finances with the Tesco Bank Balance Transfer credit card. Source: Freepik.
Enjoy a new phase in your finances with the Tesco Bank Balance Transfer credit card. Source: Freepik.

As can be seen on this Tesco Bank Balance Transfer Credit Card review, the main benefit you can get from this card is the long 0% interest period on both balance transfers and money transfers.

Pros

  • The card offers one of the longest 0% interest periods on balance transfers and money transfers;
  • It doesn’t charge an annual fee;
  • It offers points on purchases;
  • Tesco Bank features fantastic customer service.

Cons

  • Bad-credit applicants may not be eligible for this card;
  • After the introductory period, balance and money transfer fees are quite high.

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How good does your credit score need to be?

It is recommended to apply for this credit card if you have at least a fair credit rating. It is best if you have a good credit score, though.

How to apply for a Tesco Bank Balance Transfer Credit Card?

If you want to access a cheaper and faster way of paying off your debts, learn how to apply for a Tesco Bank Balance Transfer Credit Card.

Tesko Bank Balance transfer card

How to apply for the Tesco Bank Balance Transfer?

Check out how to apply for the Tesco Bank Balance Transfer Credit Card and enjoy the long 0% interest period on balance and money transfers.

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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